TROY POLICE BENEVOLENT AND PROTECT… - 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

1903

Legal Domicile

Principal Officer

EVAN CIOFFI

Phone

5182711637

Tax Period

2024-01-01 to 2024-12-31

TROY POLICE BENEVOLENT AND PROTECTIVE ASSOCIATION, founded in 1903, is a small nonprofit that reported $153K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $36K, a strong 24% operating margin.

Mission

TO BENEFIT AND PROTECT MEMBERS OF THE TROY POLICE DEPARTMENT AND SUPPORT THE COMMUNITY OF TROY, NY

Program Service Accomplishments

Program 1

Expenses: $7,305

DONATIONS TO INDIVIDUALS/ORGANIZATIONS - PROVIDE FINANCIAL ASSISTANCE TO LOCAL AND NATIONAL ORGANIZED GROUPS SUCH AS LITTLE LEAGUE, BABE RUTH, YOUTH HOCKEY, ETC.

Program 2

Expenses: $92,798

MEMBERS BENEFITS - PROVIDE INSURANCE FOR MEMBERS, FLOWERS, RETIREMENT/DEATH BENEFITS, PBA DINNERS AND AWARDS, PUBLICATIONS, MEMBERSHIP, LEGAL COUNSEL, ETC.

Program 3

Expenses: $3,465

CONFERENCES, CONVENTIONS, MEETINGS, EVENTS, FOOD AND BEVERAGE FOR PBA MEMBERS AND OTHER PROFESSIONAL MEETINGS.

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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 $146,346

Program Service Revenue $0

Investment Income $6,456

Other Revenue $0

TOTAL REVENUE $152,802

Expense Breakdown

Grants Paid $7,305

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,568

Other Expenses $109,097

TOTAL EXPENSES $116,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,802	$140,895	+0.1%
Expenses	$116,402	$105,830	+0.1%
Net Income	$36,400	$35,065	+0.0%

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
WILLIAM FITCH	PRESIDENT	1.00	Officer	$0	$0	$0
EVAN CIOFFI	TREASURER	1.00	Officer	$0	$0	$0
ROBERT GAUDETTE	SECRETARY	1.00	Officer	$0	$0	$0
CHARLES CASTLE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
BRANDON CIPPERLY	VICE PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	$152,802	$116,402	$246,207	$36,400
2024	$191,569	$131,597	$296,765	$59,972
2023	$149,963	$87,912	$236,792	$62,051
2023	No data	No data	No data	No data
2022	$133,094	$105,213	$177,030	$27,881
2021	$124,027	$112,718	$149,149	$11,309
2020	$118,590	$101,780	$137,840	$16,810
2019	$139,942	$170,948	$121,030	$-31,006
2018	$137,169	$128,464	$152,036	$8,705

TROY POLICE BENEVOLENT AND PROTECTIVE ASSOCIATION