INTL BROTHERHOOD OF POLICE OFFICERS LOCAL 523 (EIN 222563763) - 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

1989

Legal Domicile

Principal Officer

JAMES GUSTAFSON

Tax Period

2022-07-01 to 2023-06-30

INTL BROTHERHOOD OF POLICE OFFICERS LOCAL 523, founded in 1989, is a micro nonprofit that reported $33K in total revenue in fiscal year 2022. Expenses of $29K left a modest 14% surplus.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SUPPORT THE WINDSOR LOCKS POLICE OFFICERS UNION BY PROVIDING FUNDS TO HELP THE UNION NEGOTIATE THE TOWN UNION CONTRACT AND PROVIDE ARBITRATION AND BEREAVEMENT ASSISTANCE TO OFFICERS AND THEIR 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 (2022)

Revenue Breakdown

Contributions & Grants $33,493

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $33,497

Expense Breakdown

Grants Paid $4,445

Salaries & Benefits $0

Fundraising Expenses $2,895

Program Expenses $25,480

Other Expenses $15,615

TOTAL EXPENSES $28,810

Year-over-Year Comparison

	2022	2021	Change
Revenue	$33,497	$31,376	+0.1%
Expenses	$28,810	$24,188	+0.2%
Net Income	$4,687	$7,188	-0.3%

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	Role	Reportable Comp	Other Comp	Total
WAYNE KULAS	TREASURER	Officer Director	$0	$0	$0
SHAUN SWANSON	SECRETARY	Officer Director	$0	$0	$0
JAMES GUSTAFSON	PRESIDENT	Officer Director	$0	$0	$0
MICHAEL HANNIFORD JR	VICE PRESIDENT	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
2023	$33,497	$28,810	$54,395	$4,687
2022	$31,376	$24,188	$49,708	$7,188
2021	$16,286	$10,892	$42,520	$5,394
2020	$28,620	$11,052	$37,126	$17,568
2019	$21,663	$9,275	$19,558	$12,388

INTL BROTHERHOOD OF POLICE OFFICERS LOCAL 523