Correction Captains Association Inc (EIN 133035012) - 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

1959

Legal Domicile

Principal Officer

Patrick Ferraiuolo

Phone

7182430222

Tax Period

2023-01-01 to 2023-12-31

Correction Captains Association Inc, founded in 1959, is a community nonprofit in the Employment sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

To provide collective bargaining representation to members.

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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 $25,164

Program Service Revenue $1,039,771

Investment Income $46,639

Other Revenue $115,887

TOTAL REVENUE $1,227,461

Expense Breakdown

Grants Paid $96,325

Salaries & Benefits $446,560

Fundraising Expenses $0

Other Expenses $871,954

TOTAL EXPENSES $1,418,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,227,461	$1,473,257	-0.2%
Expenses	$1,418,055	$1,459,092	0.0%
Net Income	$-190,594	$14,165	-14.5%

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

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

$375,992

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Ferraiuolo	President	25.00	Officer	$94,015	$0	$98,543
Joseph Ferramosca	Leg. Chairman	40.00	Officer	$66,928	$0	$66,928
Paul Idlett	1ST VP	4.00	Officer	$57,872	$0	$61,042
OTIS BLOUNT	Treasurer	10.00	Officer	$57,872	$0	$59,683
Lawrence DeBianchi	Secretary	4.00	Officer	$22,877	$0	$26,047
LEON BRITTON	2ND VP	4.00	Officer	$22,877	$0	$22,877
JAHAIRA ALMODOVAR	FINANCIAL SECRE	4.00	Officer	$14,991	$0	$16,349
SARDOU AUGUSTIN	SERGEANT-AT-ARM	4.00	Officer	$14,991	$0	$14,991
Terri Porter	FINANCIAL SECRE	4.00	Officer	$9,532	$0	$9,532

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	$1,227,461	$1,418,055	$2,533,563	$-190,594
2022	$1,473,257	$1,459,092	$2,454,478	$14,165
2021	$1,520,288	$1,465,034	$2,952,612	$55,254
2020	$1,457,120	$1,325,809	$2,785,163	$131,311
2019	$1,623,564	$1,442,979	$2,530,925	$180,585
2018	$1,636,305	$1,373,615	$2,086,713	$262,690

Correction Captains Association Inc