POLICE OFFICERS ASSOCIATION OF MICHIGAN INC VEBA (EIN 208587844) - 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

2005

Legal Domicile

Principal Officer

JAMES TIGNANELLI

Phone

3139379000

Tax Period

2023-01-01 to 2023-12-31

POLICE OFFICERS ASSOCIATION OF MICHIGAN INC VEBA, founded in 2005, is a small nonprofit in the Mutual Benefit sector that reported $191K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 31% operating margin.

Mission

TO PROVIDE MEDICAL AND HEALTH CARE BENEFITS FOR RETIREES OF POLICE OFFICERS ASSOCIATION OF MICHIGAN.

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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 $0

Program Service Revenue $72,000

Investment Income $119,312

Other Revenue $0

TOTAL REVENUE $191,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $131,299

TOTAL EXPENSES $131,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,312	$96,031	+1.0%
Expenses	$131,299	$53,406	+1.5%
Net Income	$60,013	$42,625	+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

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

$394,606

Total Directors

$394,606

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES TIGNANELLI	PRESIDENT	1.00	Officer Director	$0	$43,877	$246,050
KEVIN LOFTIS	TREASURER	1.00	Officer Director	$0	$19,377	$148,556

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	No data	No data	No data	No data
2023	$191,312	$131,299	$3,808,853	$60,013
2022	$96,031	$53,406	$3,517,235	$42,625
2021	$195,383	$115,449	$3,966,302	$79,934
2020	$159,046	$89,449	$3,875,891	$69,597
2019	$261,095	$124,683	$3,608,311	$136,412
2018	$128,407	$89,803	$3,104,365	$38,604

POLICE OFFICERS ASSOCIATION OF MICHIGAN INC VEBA