POLICEMEN'S BENEVOLENT ASSOCIATION LOCAL #59 INC

EIN: 226018422 Mutual Benefit

RIO GRANDE, NJ

Total Revenue
$246,073
Total Expenses
$274,553
Total Assets
$569,058
Net Assets
$517,998
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
NJ
Principal Officer
JEFFREY HARKINS
Phone
6093742177
Tax Period
2024-01-01 to 2024-12-31

POLICEMEN'S BENEVOLENT ASSOCIATION LOCAL #59 INC, founded in 1953, is a small nonprofit in the Mutual Benefit sector that reported $246K in total revenue in fiscal year 2024. Expenses of $275K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED TO FURTHER THE INTERESTS OF ITS MEMBERSHIP BY SEEKING IMPROVED TERMS AND CONDITIONS OF EMPLOYMENT, TO RENDER MORAL AND MATERIAL AID TO MEMBERS AS NEEDED, TO PROVIDE REPRESENTATION AND/OR COUNSEL IN LEGAL PROCEEDINGS, AND TO PROMOTE SOCIAL AND FRATERNAL ACTIVITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,679
Program Service Revenue $221,804
Investment Income $0
Other Revenue $590
TOTAL REVENUE $246,073

Expense Breakdown

Grants Paid $1,620
Salaries & Benefits $5,000
Fundraising Expenses $0
Other Expenses $150,689
TOTAL EXPENSES $274,553

Year-over-Year Comparison

2024 2023 Change
Revenue $246,073 $252,440 0.0%
Expenses $274,553 $327,499 -0.2%
Net Income $-28,480 $-75,059 -0.6%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
12

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
8
$4,750
Total Directors
11
$4,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY HARKINS PRESIDENT 10.00
Officer Director
$2,000 $0 $2,000
JOSEPH KOPETSKY VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
STEVEN RANSOM JR FIN. SECRETARY 5.00
Officer Director
$0 $0 $0
PATRICK VENDETTA REC. SECRETARY 5.00
Officer Director
$250 $0 $250
VINCENT DERITIS TREASURER 10.00
Officer Director
$0 $0 $0
JUSTIN VITOLA SGT-AT-ARMS 5.00
Officer Director
$0 $0 $0
ROBERT SAUNDERS DELEGATE 5.00
Officer Director
$1,500 $0 $1,500
MICHAEL IAMES TRUSTEE 5.00
Director
$0 $0 $0
ALEXANDRA GONZALEZ TRUSTEE 5.00
Director
$125 $0 $125
ZACKARY MAGNAVITA TRUSTEE 5.00
Director
$125 $0 $125
JAMES D'ALONZO TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL SZAMCHEK PRESIDENT/DELEGATE, THRU 06/2024 5.00
Officer
$1,000 $0 $1,000
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 $246,073 $274,553 $569,058 $-28,480
2023 $252,440 $327,499 $598,458 $-75,059
2022 $432,489 $320,615 $675,273 $111,874
2021 $234,706 $251,800 $571,828 $-17,094
2020 $506,314 $238,350 $526,757 $267,964
2019 $318,869 $255,929 $258,793 $62,940
2018 $332,670 $392,430 $195,853 $-59,760
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