PROVIDENCE RETIRED POLICE AND FIREFIGHTERS ASSOC INC (EIN 222486116) - 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

1973

Legal Domicile

Principal Officer

THOMAS JOHNSTON

Phone

4014652339

Tax Period

2024-01-01 to 2024-12-31

PROVIDENCE RETIRED POLICE AND FIREFIGHTERS ASSOC INC, founded in 1973, is a small nonprofit that reported $101K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $92K left a modest 9% surplus.

Mission

THE PURPOSE OF THE PROVIDENCE RETIRED POLICE & FIRE IS TO REPRESENT THE MEMBERS INTERESTS AFFECTING RETIREMENT INCLUDING BUT NOT LIMITED TO: BENEFITS, TAXATION, COST OF LIVING, AND TO PROMOTE COMMUNICATION AND INFORMATION BETWEEN MEMBERS. IN ADDITION, IT IS THE ORGANIZATIONS GOAL TO PROMOTE SOCIAL ADVANCEMENT AND CHARITABLE GIVING IN THE COMMUNITY.

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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 $100,636

Program Service Revenue $0

Investment Income $104

Other Revenue $0

TOTAL REVENUE $100,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $91,720

TOTAL EXPENSES $91,720

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,740	$115,372	-0.1%
Expenses	$91,720	$153,761	-0.4%
Net Income	$9,020	$-38,389	-1.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE KANE	EXEC BOARD	2.00	Director	$0	$0	$0
SUSAN QUETTA	EXEC BOARD	2.00	Director	$0	$0	$0
GEORGE SULLIVAN	EXEC BOARD	2.00	Director	$0	$0	$0
FREDERICK BUTLER	EXEC BOARD	2.00	Officer	$0	$0	$0
MICHAEL CARDI	TREASURER	3.00	Officer	$0	$0	$0
RICHARD DICICCO	VICE PRESIDE	3.00	Officer	$0	$0	$0
THOMAS JOHNSTON	PRESIDENT	4.00	Officer	$0	$0	$0
THOMAS KENNEY	SECRETARY	3.00	Officer	$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
2024	$100,740	$91,720	$696,965	$9,020
2023	$115,372	$153,761	$687,945	$-38,389

PROVIDENCE RETIRED POLICE AND FIREFIGHTERS ASSOC INC