CORRECTION OFFICERS' BENEVOLENT ASSOC WIDOWS AND CHILDRENS BENEFIT FUND INC (EIN 133909402) - 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

1997

Legal Domicile

Principal Officer

ANGEL CASTRO

Phone

2122748000

Tax Period

2022-01-01 to 2022-12-31

CORRECTION OFFICERS' BENEVOLENT ASSOC WIDOWS AND CHILDRENS BENEFIT FUND INC, founded in 1997, is a micro nonprofit in the Human Services sector that reported $20K in total revenue in fiscal year 2022. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 457% operating deficit.

Mission

TO PROMOTE, INCREASE AND ADVANCE THE WELFARE AND SELF-ESTEEM OF WIDOW(ER)S AND CHILDREN OF DECEASED CORRECTION OFFICERS BY ALL MEANS AND METHODS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,836

Program Service Revenue $0

Investment Income $0

Other Revenue $699

TOTAL REVENUE $19,535

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,364

Program Expenses $95,100

Other Expenses $13,777

TOTAL EXPENSES $108,877

Year-over-Year Comparison

	2022	2021	Change
Revenue	$19,535	$84,580	-0.8%
Expenses	$108,877	$149,114	-0.3%
Net Income	$-89,342	$-64,534	+0.4%

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

$453,380

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNY BOSCIO JR	DIRECTOR	1.00	Director	$0	$0	$213,490
ANGEL CASTRO	DIRECTOR	1.00	Director	$0	$0	$106,641
MICHAEL MAIELLO	DIRECTOR -PAST	1.00	Director	$0	$0	$133,249

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
2022	$19,535	$108,877	$251,096	$-89,342
2021	$84,580	$149,114	$359,531	$-64,534
2020	$47,568	$99,597	$425,814	$-52,029
2019	$157,659	$80,336	$459,104	$77,323
2018	$38,390	$65,654	$377,478	$-27,264

CORRECTION OFFICERS' BENEVOLENT ASSOC WIDOWS AND CHILDRENS BENEFIT FUND INC