DETECTIVES ENDOWMENT ASSOCIATION WIDOWS AND CHILDRENS FUND INC (EIN 134036498) - 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

1998

Legal Domicile

Principal Officer

SCOTT MUNRO-PRES

Phone

2125871000

Tax Period

2023-01-01 to 2023-12-31

DETECTIVES ENDOWMENT ASSOCIATION WIDOWS AND CHILDRENS FUND INC, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $268K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $353K exceeded revenue, resulting in a 32% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE & OTHER BENEFITS TO WIDOWS & CHILDREN OF DECEASED NYC POLICE 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 $244,710

Program Service Revenue $0

Investment Income $55,784

Other Revenue $-32,657

TOTAL REVENUE $267,837

Expense Breakdown

Grants Paid $340,307

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $340,817

Other Expenses $12,393

TOTAL EXPENSES $352,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,837	$554,533	-0.5%
Expenses	$352,700	$730,373	-0.5%
Net Income	$-84,863	$-175,840	-0.5%

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

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

$402,085

Total Directors

$402,085

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MUNRO	PRESIDENT- START 6/2023	3.00	Officer Director	$0	$0	$73,083
RICK SIMPLICIO	VICE PRESIDENT - START 6/2023	3.00	Officer Director	$0	$0	$30,716
PAUL DIGIACOMO	PRESIDENT- RESIGNED 6/2023	3.00	Officer Director	$0	$0	$106,940
PAUL MORRISON	VICE PRESIDENT - RESIGNED 6/2023	3.00	Officer Director	$0	$0	$67,340
JEFFREY WARD	SECRETARY	3.00	Officer Director	$0	$0	$71,565
NICHOLAS MASI	TREASURER- START 6/2023	3.00	Officer Director	$0	$0	$52,441

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	$267,837	$352,700	$2,125,219	$-84,863
2023	$267,837	$352,700	$2,125,219	$-84,863
2022	$554,533	$730,373	$2,122,468	$-175,840
2021	$480,840	$351,053	$2,593,434	$129,787
2020	$372,754	$512,869	$2,457,050	$-140,115
2019	$570,454	$305,899	$2,945,250	$264,555
2018	$642,741	$611,663	$2,627,319	$31,078

DETECTIVES ENDOWMENT ASSOCIATION WIDOWS AND CHILDRENS FUND INC