NEW YORK CITY DEPUTY SHERIFFS ASSOCIATION SECURITY BENEFITS FUND (EIN 136272703) - 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

INGRID SIMONOVIC

Phone

7184254329

Tax Period

2024-07-01 to 2025-06-30

NEW YORK CITY DEPUTY SHERIFFS ASSOCIATION SECURITY BENEFITS FUND, founded in 1968, is a small nonprofit that reported $239K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 30% operating margin.

Mission

PROVIDES MEDICAL, DENTAL, OPTICAL, AND LIFE INS. BENEFITS TO THE NYC DEPUTY SHERIFF'S MEMBERS. THE ORGANIZATION WAS CREATED TO PROVIDE MEDICAL, DENTAL, OPTICAL, AND LIFE INSURANCE BENEFITS TO THE MEMBERS OF THE NEW YORK CITY DEPUTY SHERIFFS.

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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 $237,710

Investment Income $1,097

Other Revenue $0

TOTAL REVENUE $238,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,528

TOTAL EXPENSES $167,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$238,807	$209,006	+0.1%
Expenses	$167,930	$189,753	-0.1%
Net Income	$70,877	$19,253	+2.7%

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

$6,775

Total Directors

$9,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
INGRID SIMONOVIC	PRESIDENT	2.00	Officer Director	$0	$0	$1,500
DELROY PRATT	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$900
FURNEY CANTEEN	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$1,200
JOHN SCHWARTZ	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TIMOTHY LO	TREASURER	2.00	Officer Director	$0	$0	$2,400
CRAIG MCCOSKER	SECRETARY	1.00	Officer Director	$0	$0	$700
RICHARD GARCIA	ADVOCATE	1.00	Director	$0	$0	$1,200
FREDRICK DAVIS	SERGEANT AT ARMS	1.00	Officer Director	$0	$0	$75
KEVIN MCCORMICK	RETIREE REPRESENTATIVE	1.00	Director	$0	$0	$1,200
JOEL CONTRERAS	STATEN ISLAND DELEGATE	1.00	Officer Director	$0	$0	$0
ERICH WEIDEMEYER	BRONX DELEGATE	1.00	Officer Director	$0	$0	$0
VANESSA JEANTY	QUEENS DELEGATE	1.00	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
2025	$238,807	$167,930	$303,140	$70,877
2024	$209,006	$189,753	$257,270	$19,253
2023	$210,311	$188,431	$266,702	$21,880
2022	$210,872	$184,717	$254,035	$26,155
2020	$210,899	$187,990	$180,180	$22,909
2018	$157,764	$165,133	$104,047	$-7,369

NEW YORK CITY DEPUTY SHERIFFS ASSOCIATION SECURITY BENEFITS FUND