DETECTIVES ENDOWMENT ASSOCIATION RETIREES HEALTH BENEFIT FUND (EIN 133000532) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

SCOTT MUNRO CHAIRMAN

Phone

2125879120

Tax Period

2023-01-01 to 2023-12-31

DETECTIVES ENDOWMENT ASSOCIATION RETIREES HEALTH BENEFIT FUND, founded in 1979, is a mid-sized nonprofit that reported $31.0M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $28.0M left a modest 10% surplus.

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO RETIRED NYPD DETECTIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $30,987,256

Investment Income $0

Other Revenue $0

TOTAL REVENUE $30,987,256

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,764

TOTAL EXPENSES $27,984,549

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,987,256	$23,513,547	+0.3%
Expenses	$27,984,549	$23,628,934	+0.2%
Net Income	$3,002,707	$-115,387	-27.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

$318,928

Key Employees

$237,680

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DIGIACOMO	CHAIRMAN	1.00	Director	$0	$0	$106,940
PAUL MORRISON	TRUSTEE	1.00	Director	$0	$0	$67,340
JEFFREY A WARD	TRUSTEE	1.00	Director	$0	$0	$71,565
SCOTT MUNRO	TRUSTEE	1.00	Director	$0	$0	$73,083
CARMINE RUSSO	EXECUTIVE DIRECTOR	12.00	Key Emp	$0	$41,702	$237,680
SHARON ROBERTSON	FUND ADMINISTRATOR	10.00	Highest	$0	$22,860	$167,931

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$30,987,256	$27,984,549	$6,688,101	$3,002,707
2022	$23,513,547	$23,628,934	$3,669,498	$-115,387
2021	$20,182,671	$18,873,866	$3,766,379	$1,308,805
2020	$16,488,885	$17,524,974	$2,484,863	$-1,036,089
2019	$16,404,798	$16,340,489	$3,506,845	$64,309
2018	$4,200,806	$16,856,111	$3,463,526	$-12,655,305

DETECTIVES ENDOWMENT ASSOCIATION RETIREES HEALTH BENEFIT FUND