NY POLICE AND FIRE WIDOWS' & CHILDREN'S BENEFIT FUND INC (EIN 133340675) - 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

1985

Legal Domicile

Principal Officer

JOHN NOLAN

Phone

6467319630

Tax Period

2023-01-01 to 2023-12-31

NY POLICE AND FIRE WIDOWS' & CHILDREN'S BENEFIT FUND INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $6.5M exceeded revenue, resulting in a 51% operating deficit.

Mission

BRIEF DESCRIPTION OF THE ORGANIZATION'S MISSION THE PURPOSE OF THE FUND IS TO PROVIDE ASSISTANCE TO THE FAMILIES OF NEW YORK CITY POLICE OFFICERS AND FIREFIGHTERS WHO HAVE BEEN KILLED IN THE LINE OF DUTY. AFTER THE EVENTS OF SEPTEMBER 11, 2001, THE FUND ALSO BEGAN TO PROVIDE ASSISTANCE TO FAMILIES OF PORT AUTHORITY OF NEW YORK AND NEW JERSEY POLICE OFFICERS AND NEW YORK CITY EMERGENCY MEDICAL SERVICE PERSONNEL KILLED IN THE LINE OF DUTY.

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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 $4,359,670

Program Service Revenue $0

Investment Income $-85,922

Other Revenue $0

TOTAL REVENUE $4,273,748

Expense Breakdown

Grants Paid $5,325,000

Salaries & Benefits $638,088

Fundraising Expenses $520,753

Program Expenses $5,325,000

Other Expenses $493,645

TOTAL EXPENSES $6,456,733

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,273,748	$4,717,248	-0.1%
Expenses	$6,456,733	$6,689,168	0.0%
Net Income	$-2,182,985	$-1,971,920	+0.1%

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

Employees

Volunteers

100

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

$307,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN J DANNHAUSER	CHAIRMAN	3.00	Officer Director	$0	$0	$0
LAWRENCE MVD SCHLOSS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHILIP V MOYLES JR	PRESIDENT	3.00	Officer Director	$0	$0	$0
MARK DOUGLAS MESSIER	VP OF COMMUNITY AFFAIRS	1.00	Officer Director	$0	$0	$0
MICHAEL J AIELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL AVERSANO	BOARD MEMBER	1.00	Director	$0	$0	$0
GREGORY J BARBACCIA	BOARD MEMBER (THRU 10/2023)	1.00	Director	$0	$0	$0
KYLE N CRUZ	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM F DAWSON JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN Q DOYLE	BOARD MEMBER	1.00	Director	$0	$0	$0
GERRY FLYNN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARTIN J GELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
J KEVIN GILGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
AISHA HAQUE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN W KEOGH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN J KETCHUM	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT LEWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DOTTIE MATTISON	BOARD MEMBER	1.00	Director	$0	$0	$0
VERDUN PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE REILLY	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC ROSENBAUM ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW SHAPIRO	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD SKYLER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN STUART	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDREW TRICKETT	BOARD MEMBER (THRU 03/2023)	1.00	Director	$0	$0	$0
HOWARD WEISER	BOARD MEMBER (THRU 10/2023)	1.00	Director	$0	$0	$0
PETER ZAFFINO	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN F PROFETA	EXECUTIVE DIRECTOR	40.00	Officer	$277,430	$30,182	$307,612
BRIAN A WALDBAUM	SECRETARY (NON-VOTING)	2.00	Officer	$0	$0	$0
LAUREN KOSLOW	ASSISTANT TREASURER (NON-VOTING)	5.00	Officer	$0	$0	$0
JOHN NOLAN	TREASURER (NON-VOTING)	5.00	Officer	$0	$0	$0
RACHEL TROTTA MACINA	DIR. OF EVENTS & PARTNERSHIP	40.00	Highest	$123,856	$15,849	$139,705
LYDIA GRIFFIN	DIRECTOR OF OPERATIONS	40.00	Highest	$103,857	$17,799	$121,656

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	$4,273,748	$6,456,733	$56,968,968	$-2,182,985
2022	$4,717,248	$6,689,168	$52,531,407	$-1,971,920
2021	$16,506,243	$7,128,968	$62,514,402	$9,377,275
2020	$3,305,871	$5,494,510	$57,832,889	$-2,188,639
2019	$6,645,326	$6,431,732	$56,282,576	$213,594
2018	$6,171,505	$5,042,333	$52,153,100	$1,129,172

NY POLICE AND FIRE WIDOWS' & CHILDREN'S BENEFIT FUND INC