POLICE BENEVOLENT ASSOCIATION OF Y… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

MICHAEL COX

Phone

9143777938

Tax Period

2024-06-01 to 2025-05-31

POLICE BENEVOLENT ASSOCIATION OF YONKERS NY INC- HEALTH & WELFARE, founded in 1970, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE BENEFITS TO MEMBERSHIP THE BENFEITS INCLUDE MEDICAL FLEX, DENTAL, VISION, ORTHO, LEGAL ASSISTANCE, LIFE INSURANCE AND FINANCIAL ADVICE.

Program Service Accomplishments

Program 1

PROVIDES MEDICAL FLEX, DENTAL, ORTHO, VISION, LASIK, LIFE INSURANCE AND LEGAL BENEFITS FOR MEMBERS AND OR THEIR IMMEDIATE FAMILIES

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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 $2,281,393

Investment Income $13,627

Other Revenue $0

TOTAL REVENUE $2,295,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $47,004

TOTAL EXPENSES $2,324,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,295,020	$2,101,822	+0.1%
Expenses	$2,324,808	$2,322,322	+0.0%
Net Income	$-29,788	$-220,500	-0.9%

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
MICHAEL COX	CHAIRPERSON	3.00	Officer Director	$0	$0	$0
FRANK McDONALD	TRUSTEE	1.00	Officer Director	$0	$0	$0
TOM JACKSON	TRUSTEE	1.00	Officer Director	$0	$0	$0
VANESSA CAPLLONCH	TRUSTEE	1.00	Officer Director	$0	$0	$0
ADAM WALENCIK	TRUSTEE	1.00	Officer Director	$0	$0	$0
FAITH ANKER	TRUSTEE	1.00	Officer Director	$0	$0	$0
JOHN LIBERATORE	TRUSTEE	1.00	Officer Director	$0	$0	$0
LAUREN NEE	TRUSTEE	1.00	Officer Director	$0	$0	$0
DAVID GAFFNEY	TRUSTEE	1.00	Officer Director	$0	$0	$0
BRANDON HERNANDEZ	TRUSTEE	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	$2,295,020	$2,324,808	$614,215	$-29,788
2024	$2,101,822	$44,518	$826,404	$2,057,304
2023	$1,827,868	$2,188,617	$898,509	$-360,749
2022	$1,949,960	$2,137,824	$976,233	$-187,864
2021	$1,579,861	$2,226,453	$1,230,392	$-646,592
2020	$2,003,182	$1,756,592	$1,490,724	$246,590
2019	$1,678,176	$2,002,546	$1,252,633	$-324,370
2018	$1,522,095	$1,133,047	$1,601,806	$389,048

POLICE BENEVOLENT ASSOCIATION OF YONKERS NY INC- HEALTH & WELFARE