ASSOCIATES DIVISION OF THE MASSACH… - 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

1985

Legal Domicile

Principal Officer

ERIN SULLIVAN

Phone

5089234037

Tax Period

2023-07-01 to 2024-06-30

ASSOCIATES DIVISION OF THE MASSACHUSETTS STATE POLICE INC, founded in 1985, is a small nonprofit that reported $393K in total revenue in fiscal year 2023. The organization ran a surplus of $127K, a strong 32% operating margin.

Mission

TO PROVIDE EXTENDED BENEFITS TO MEMBERS

Program Service Accomplishments

Program 1

Expenses: $124,971

GROUP INSURANCE PREMIUMS PAID FOR MEMBERS TO PROVIDE LIFE AND LONG TERM DISABILITY INSURANCE COVERAGE.

Program 2

Expenses: $124,500

RETIREMENT BENEFITS PAID TO MEMBERS. EACH MEMBER IS ENTITLED TO RECEIVE 100 FOR EACH SERVICE YEAR UPON HONORABLE RETIREMENT.

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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 $355,060

Investment Income $37,975

Other Revenue $0

TOTAL REVENUE $393,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,471

Other Expenses $16,069

TOTAL EXPENSES $265,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$393,035	$366,181	+0.1%
Expenses	$265,540	$261,431	+0.0%
Net Income	$127,495	$104,750	+0.2%

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

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

$9,448

Total Directors

$900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN REARDON	PRESIDENT	1.00	Officer	$1,000	$0	$1,000
ERIN SULLIVAN	TREASURER	5.00	Officer	$8,448	$0	$8,448
JEFFREY BUSNENGO	DIRECTOR	1.00	Director	$900	$0	$900

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	$393,035	$265,540	$1,230,893	$127,495
2023	$366,181	$261,431	$1,059,898	$104,750
2022	$366,163	$209,236	$1,060,453	$156,927
2021	$389,574	$306,543	$1,119,925	$83,031
2020	$393,544	$405,067	$1,217,814	$-11,523
2019	$400,685	$387,948	$1,210,621	$12,737
2018	$418,659	$365,979	$1,200,183	$52,680

ASSOCIATES DIVISION OF THE MASSACHUSETTS STATE POLICE INC