NEW JERSEY STATE POLICEMEN'S BENEVOLENT ASSOCIATION INC (EIN 221553972) - 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

1905

Legal Domicile

Principal Officer

PETER ANDREYEV PRES

Phone

7326368860

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY STATE POLICEMEN'S BENEVOLENT ASSOCIATION INC, founded in 1905, is a mid-sized nonprofit that reported $12.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.4M, a strong 20% operating margin.

Mission

THE ORGANIZATION WAS ESTABLISHED TO PROMOTE, ADVANCE AND IMPROVE, FINANCIALLY AND OTHERWISE, THE WELFARE, WORKING CONDITIONS, AND OTHER INTERESTS OF THE POLICE AND LAW ENFORCEMENT OFFICERS THROUGH OUT THE STATE OF NEW JERSEY.

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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 $5,655

Program Service Revenue $10,378,483

Investment Income $1,315,533

Other Revenue $531,823

TOTAL REVENUE $12,231,494

Expense Breakdown

Grants Paid $112,915

Salaries & Benefits $1,770,950

Fundraising Expenses $0

Other Expenses $4,366,955

TOTAL EXPENSES $9,806,971

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,231,494	$11,275,784	+0.1%
Expenses	$9,806,971	$10,369,080	-0.1%
Net Income	$2,424,523	$906,704	+1.7%

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

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

$399,047

Total Directors

$446,947

Key Employees

$189,590

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK COLLIGAN	PRESIDENT, THRU 5/1/24	40.00	Officer Director	$61,437	$0	$61,437
PETER ANDREYEV	PRESIDENT	40.00	Officer Director	$109,110	$0	$109,110
MICHAEL FREEMAN	EXEC. VICE-PRESIDENT	40.00	Officer Director	$79,562	$0	$79,562
EUGENE DELLO	1ST VICE PRESIDENT	5.00	Officer Director	$2,881	$0	$2,881
LUKE SCIALLO	2ND VICE PRESIDENT	40.00	Officer Director	$54,831	$0	$54,831
BRYAN FLAMMIA	3RD VICE PRESIDENT	5.00	Officer Director	$2,271	$0	$2,271
PATRICK MORAN	4TH VICE PRESIDENT	5.00	Officer Director	$6,772	$0	$6,772
KEITH CURRY	5TH VICE PRESIDENT	5.00	Officer Director	$3,101	$0	$4,201
ROBERT ORMEZZANO	5TH VICE PRESIDENT, THRU 1/1/24	5.00	Officer Director	$0	$0	$0
CHRISTOPHER EBERT	6TH VICE PRESIDENT	5.00	Officer Director	$4,181	$0	$4,181
BRIAN BROWNLIE	7TH VICE PRESIDENT	5.00	Officer Director	$5,121	$0	$6,651
MICHAEL PALMENTIERI	8TH VICE PRESIDENT	5.00	Officer Director	$4,911	$0	$4,911
STEPHEN WARREN	9TH VICE PRESIDENT	5.00	Officer Director	$2,181	$0	$2,181
JOSEPH SLES	10TH VICE PRESIDENT	5.00	Officer Director	$4,441	$0	$6,061
ROBERT MAGEE	11TH VICE-PRESIDENT	5.00	Officer Director	$2,071	$0	$4,696
VINCENT RIZZO	12TH VICE-PRESIDENT	5.00	Officer Director	$22,335	$0	$22,335
ED CARATTINI	RECORDING SECRETARY, THRU 7/23/24	5.00	Officer Director	$0	$0	$0
ARTHUR CRONK	RECORDING SECRETARY	5.00	Officer Director	$4,621	$0	$4,621
HASSAN ESTRADA	FINANCIAL SECRETARY, THRU 12/20/24	5.00	Officer Director	$5,251	$0	$5,251
WINSLOW LAND	TREASURER	5.00	Officer Director	$6,501	$0	$6,501
VALDAR CHAUDRUC	TRUSTEE	5.00	Director	$1,238	$0	$1,238
WILLIAM COMERRO	TRUSTEE	5.00	Director	$4,910	$0	$4,910
ANTHONY DELLATACOMA	TRUSTEE	5.00	Director	$9,120	$0	$9,120
RAYMOND HECK	TRUSTEE	5.00	Director	$2,630	$0	$2,630
SCOTT PACHECO	TRUSTEE, THRU 1/1/24	5.00	Director	$0	$0	$0
PASQUALE PAPERO	TRUSTEE	5.00	Director	$24,980	$0	$24,980
MATTHEW ROGERS	TRUSTEE	5.00	Director	$1,146	$0	$1,146
KIMIKO WOODS	TRUSTEE	5.00	Director	$3,276	$0	$3,876
JOE DUDLEY	SERGEANT-AT-ARMS, THRU 11/1/24	5.00	Officer Director	$1,663	$0	$1,663
PATRICK FORMENTIN	SERGEANT-AT-ARMS	5.00	Officer Director	$1,472	$0	$1,472
MICHAEL PODEIA	SERGEANT-AT-ARMS	5.00	Officer Director	$932	$0	$932
GREGORY POLAKOSKI	SERGEANT-AT-ARMS	5.00	Officer Director	$2,202	$0	$2,202
RICHARD ROCHFORD	SERGEANT-AT-ARMS	5.00	Officer Director	$1,922	$0	$1,922
VITTORIO SPADEA	SERGEANT-AT-ARMS	5.00	Officer Director	$2,402	$0	$2,402
JOHN VIALIZ	SERGEANT-AT-ARMS, THRU 6/25/24	5.00	Officer Director	$0	$0	$0
KEVIN C LYONS	LPP ADMINISTRATOR	40.00	Key Emp	$184,081	$5,509	$189,590
ROBERT NIXON	DIR. GOV'T RELATIONS	40.00	Highest	$201,190	$23,347	$224,537
JOHN HULSE	SPECIAL PROJECTS	40.00	Highest	$110,324	$0	$110,324

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	$12,231,494	$9,806,971	$50,673,787	$2,424,523
2023	$11,275,784	$10,369,080	$45,996,489	$906,704
2022	$10,669,829	$8,978,571	$41,535,105	$1,691,258
2021	$9,143,506	$7,831,093	$43,741,775	$1,312,413
2020	$8,669,337	$8,416,230	$41,499,277	$253,107
2019	$9,549,985	$7,375,840	$38,868,252	$2,174,145
2018	$8,729,243	$8,499,045	$34,344,542	$230,198

NEW JERSEY STATE POLICEMEN'S BENEVOLENT ASSOCIATION INC