POLICE ASSOCIATION OF THE TOWN OF HARRISON NEW YORK INC (EIN 136126052) - 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

1933

Legal Domicile

Principal Officer

MIKE DRAGONE-PRESIDENT

Phone

9142727046

Tax Period

2024-01-01 to 2024-12-31

POLICE ASSOCIATION OF THE TOWN OF HARRISON NEW YORK INC, founded in 1933, is a small nonprofit that reported $340K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $80K, a strong 24% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMEBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $228,047

Program Service Revenue $57,224

Investment Income $48,813

Other Revenue $5,943

TOTAL REVENUE $340,027

Expense Breakdown

Grants Paid $3,266

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $146,262

TOTAL EXPENSES $259,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$340,027	$285,250	+0.2%
Expenses	$259,545	$219,335	+0.2%
Net Income	$80,482	$65,915	+0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE DRAGONE	PRESIDENT	10.00	Officer Director	$0	$0	$0
CARMINE GENTILE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JOSEPH DERUBEIS	TREASURER	10.00	Officer Director	$0	$0	$0
FRANK LUONGO	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
MICHAEL CARELLI	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
MATIAS ALVES	SGT. AT ARMS	5.00	Officer 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	$340,027	$259,545	$1,267,336	$80,482
2023	$285,250	$219,335	$1,077,852	$65,915
2022	$374,071	$184,180	$893,445	$189,891
2021	$327,707	$225,123	$773,312	$102,584
2020	$338,893	$182,275	$651,207	$156,618
2019	$287,769	$210,730	$477,690	$77,039
2018	$248,068	$226,837	$368,367	$21,231

POLICE ASSOCIATION OF THE TOWN OF HARRISON NEW YORK INC