CORRECTION OFFICERS BENEVOLENT ASSOC SECURITY BENEFITS FUND - ACTIVE (EIN 136163565) - 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

1968

Legal Domicile

Principal Officer

ANGEL CASTRO

Phone

2122748000

Tax Period

2024-01-01 to 2024-12-31

CORRECTION OFFICERS BENEVOLENT ASSOC SECURITY BENEFITS FUND - ACTIVE, founded in 1968, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $15.9M exceeded revenue, resulting in a 49% operating deficit.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE MEMBERS.

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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 $0

Program Service Revenue $10,315,117

Investment Income $251,809

Other Revenue $171,025

TOTAL REVENUE $10,737,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $919,255

TOTAL EXPENSES $15,946,557

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,737,951	$11,395,434	-0.1%
Expenses	$15,946,557	$15,256,904	+0.0%
Net Income	$-5,208,606	$-3,861,470	+0.3%

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

$1,798,773

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNY BOSCIO JR	CHAIRMAN	1.00	Director	$0	$0	$252,261
GLENN MORGAN	TRUSTEE	1.00	Director	$0	$0	$140,650
KEISHA WILLIAMS	TRUSTEE (PAST)	1.00	Director	$0	$0	$67,613
LIONEL CUMBERBATCH	TRUSTEE	1.00	Director	$0	$0	$122,741
HERMAN JIMINIAN	TRUSTEE	1.00	Director	$0	$0	$127,037
ANTIONETTE ANDERSON	TRUSTEE	1.00	Director	$0	$0	$124,726
FELIX SANCHEZ	TRUSTEE (PAST)	1.00	Director	$0	$0	$60,880
ASHAKI ANTOINE	TRUSTEE (PAST)	1.00	Director	$0	$0	$61,753
CHARLES WINGATE	TRUSTEE (PAST)	1.00	Director	$0	$0	$44,920
EDWARD YATES	TRUSTEE	1.00	Director	$0	$0	$103,296
MATTHEW ROMANO	TRUSTEE (PAST)	1.00	Director	$0	$0	$45,292
NEIL RENIOS	TRUSTEE	1.00	Director	$0	$0	$116,913
ANGEL CASTRO	TRUSTEE	1.00	Director	$0	$0	$125,347
AMADO RICO	TRUSTEE(PAST)	1.00	Director	$0	$0	$41,779
MAURICE SMITH	TRUSTEE (PAST)	1.00	Director	$0	$0	$41,736
CHRISTOPHER CRUZ	TRUSTEE	1.00	Director	$0	$0	$42,306
LATEESHA HARRIS	TRUSTEE	1.00	Director	$0	$0	$42,433
DERRICK LASCKO	TRUSTEE	1.00	Director	$0	$0	$43,026
RODNEY MCQUEEN	TRUSTEE	1.00	Director	$0	$0	$42,249
DANIEL MONACO	TRUSTEE	1.00	Director	$0	$0	$54,471
KAAMAL MOORE	TRUSTEE	1.00	Director	$0	$0	$55,773
VANESSA QUINONES	TRUSTEE	1.00	Director	$0	$0	$41,571

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	$10,737,951	$15,946,557	$12,423,040	$-5,208,606
2023	$11,395,434	$15,256,904	$17,651,917	$-3,861,470
2023	$14,313,581	$15,263,438	$20,173,297	$-949,857
2022	$15,526,791	$17,081,688	$20,882,985	$-1,554,897
2021	$16,478,813	$17,379,376	$22,394,698	$-900,563
2020	$23,659,759	$17,746,136	$23,338,903	$5,913,623
2019	$20,631,788	$18,413,853	$17,397,026	$2,217,935
2018	$20,164,576	$19,072,190	$15,420,906	$1,092,386

CORRECTION OFFICERS BENEVOLENT ASSOC SECURITY BENEFITS FUND - ACTIVE