POLICE ASSOCIATION CITY OF YONKERS INC (EIN 136124528) - 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

1916

Legal Domicile

Principal Officer

FRANK McDONALD

Phone

9143777371

Tax Period

2023-03-01 to 2024-02-29

POLICE ASSOCIATION CITY OF YONKERS INC, founded in 1916, is a small nonprofit that reported $893K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $801K left a modest 10% surplus.

Mission

TO PROVIDE MEMBERS WITH RETIREMENT, WELFARE AND DEATH BENEFITS

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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 $849,447

Program Service Revenue $24,970

Investment Income $18,397

Other Revenue $0

TOTAL REVENUE $892,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $59,000

Fundraising Expenses $82,994

Other Expenses $742,465

TOTAL EXPENSES $801,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$892,814	$1,001,246	-0.1%
Expenses	$801,465	$837,458	0.0%
Net Income	$91,349	$163,788	-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

Employees

Volunteers

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

$59,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH OLSON	PRESIDENT 3/1/23 TO 1/31/24	40.00	Officer	$55,000	$0	$55,000
FRANK McDONALD	PRESIDENT 2/1/24 TO 2/29/24	10.00	Officer	$4,000	$0	$4,000
JOSEPH LICHT	EXECUTIVE VICE PRESIDENT	2.00	Officer	$0	$0	$0
CHRISTOPHER URBAN	RECORDING SECRETARY	10.00	Officer	$0	$0	$0
ADAM WALENCIK	TREASURER	10.00	Officer	$0	$0	$0
DENNIS DeGIORGIO	TRUSTEE 2ND PCT	2.00	Director	$0	$0	$0
FRANK McDONALD III	FINANCIAL SECRETARY	2.00	Director	$0	$0	$0
DEL FERREIRA	TRUSTEE 4TH PCT	2.00	Director	$0	$0	$0
RICARDO CLERGIO	TRUSTEE 3RD PCT	2.00	Director	$0	$0	$0
MICHAEL COX	TRUSTEE 4TH PCT	2.00	Director	$0	$0	$0
ANTHONY TYNDALL JR	CHAIRMAN OF TRUSTEES	2.00	Director	$0	$0	$0
WILLIAM KIVEL	CHAIRMAN/TRUSTEE 1ST PCT	2.00	Director	$0	$0	$0
DAVE GAFFNEY	DETECTIVE DIVISION	2.00	Director	$0	$0	$0
SCOTT GRIFFITH	SERGEANT-AT-ARMS	5.00	Officer	$0	$0	$0
MICHAEL COX	CHAIRMAN WELFARE FUND	10.00	Officer	$0	$0	$0
LUIS GERMAN	TRUSTEE 3RD PCT	2.00	Officer	$0	$0	$0
SEAN DRAIN	FID	2.00	Officer	$0	$0	$0
JOHN CROSTON	TRUSTEE 1ST PCT	2.00	Director	$0	$0	$0
PETE MORREALE	TRUSTEE 2ND PCT	2.00	Director	$0	$0	$0
LORRAINE FATA	TRUSTEE HDQ	2.00	Director	$0	$0	$0
DEBBIE HICKS	TRUSTEE OFFICE	2.00	Director	$0	$0	$0
ANDREW C QUINN	TRUSTEE COUNSEL	2.00	Director	$0	$0	$0
BILLY BRUSACK	ESU	2.00	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	$892,814	$801,465	$1,442,852	$91,349
2023	$1,001,246	$837,458	$1,246,894	$163,788
2022	$934,471	$757,458	$1,135,142	$177,013
2021	$889,272	$493,859	$1,011,667	$395,413
2020	$779,605	$844,279	$552,686	$-64,674
2019	$607,126	$748,383	$606,078	$-141,257
2018	$418,916	$516,034	$730,223	$-97,118

POLICE ASSOCIATION CITY OF YONKERS INC