BRIDGE & TUNNEL OFFICERS BENEVOLENT ASSOCIATION FAMILY PROTECTION PLAN INC

EIN: 133329865

MASSAPEQUA, NY

Total Revenue
$3,305,854
Total Expenses
$3,802,501
Total Assets
$1,696,081
Net Assets
$1,528,347
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NY
Principal Officer
WAYNE JOSEPH
Phone
7187277613
Tax Period
2024-01-01 to 2024-12-31

BRIDGE & TUNNEL OFFICERS BENEVOLENT ASSOCIATION FAMILY PROTECTION PLAN INC, founded in 1976, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE BENEFITS TO THE MEMBERS OF THE BRIDGE & TUNNEL OFFICERS UNION INCLUDING DENTAL, OPTICAL, PRESCRIPTION DRUG, LIFE AND DISABILITY INSURANCE, AND CERTAIN BASIC LEGAL SERVICES. THE ASSOCIATION IS FUNDED BY THE TRIBOROUGH BRIDGE & TUNNEL AUTHORITY OF NEW YORK, WHICH PAYS A STIPULATED AMOUNT FOR EACH ACTIVE AND RETIRED EMPLOYEE OF THE BRIDGE AND TUNNEL OFFICERS UNION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,011,637
Investment Income $107,433
Other Revenue $186,784
TOTAL REVENUE $3,305,854

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,410
Fundraising Expenses $0
Other Expenses $314,889
TOTAL EXPENSES $3,802,501

Year-over-Year Comparison

2024 2023 Change
Revenue $3,305,854 $4,209,957 -0.2%
Expenses $3,802,501 $3,868,994 0.0%
Net Income $-496,647 $340,963 -2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
1
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
0
$0
Total Directors
5
$15,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILEENA MEDLEY Chairman 35.00
Director
$15,000 $0 $15,000
WAYNE JOSEPH President 1.00
Director
$0 $0 $0
RICARDO CRUZ 1st VP 1.00
Director
$0 $0 $0
Scott Denley 2nd VP 1.00
Director
$0 $0 $0
BRYAN WALSH Trustee 1.00
Director
$0 $0 $0
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 $3,305,854 $3,802,501 $1,696,081 $-496,647
2023 $4,209,957 $3,868,994 $2,229,770 $340,963
2022 $3,232,026 $4,272,726 $1,790,072 $-1,040,700
2021 $3,578,235 $4,536,360 $3,839,752 $-958,125
2020 $2,973,743 $4,604,874 $4,979,547 $-1,631,131
2019 $3,542,743 $4,170,127 $6,026,960 $-627,384
2018 $3,235,183 $3,918,774 $6,146,485 $-683,591
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