JERSEY CITY POLICE OFFICERS BENEVOLENT ASSN INC (EIN 229902215) - 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

1981

Legal Domicile

Principal Officer

JOSEPH COSSOLINI - PRES

Phone

2019633484

Tax Period

2021-07-01 to 2022-06-30

JERSEY CITY POLICE OFFICERS BENEVOLENT ASSN INC, founded in 1981, is a small nonprofit that reported $680K in total revenue in fiscal year 2021. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $155K, a strong 23% operating margin.

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%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $701,189

Investment Income $0

Other Revenue $-21,487

TOTAL REVENUE $679,702

Expense Breakdown

Grants Paid $49,330

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $289,956

TOTAL EXPENSES $524,621

Year-over-Year Comparison

	2021	2020	Change
Revenue	$679,702	$547,013	+0.2%
Expenses	$524,621	$405,883	+0.3%
Net Income	$155,081	$141,130	+0.1%

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

$14,901

Total Directors

$23,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH COSSOLINI	PRESIDENT	40.00	Officer Director	$4,967	$0	$4,967
RASHAUN SPENCE	1ST V-PRESIDENT	40.00	Officer Director	$4,967	$0	$4,967
JAMES WOODS	2ND VICE PRESIDENT	5.00	Officer Director	$4,967	$0	$4,967
SEAN BUTLER	TREASURER	40.00	Officer Director	$0	$0	$0
MELANGE RAMIREZ	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
IRIS LOPEZ	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
GLENN JOHNSON	SGT. AT ARMS	5.00	Officer Director	$0	$0	$0
CHRISTOPHER PEREZ	STATE DELEGATE	5.00	Officer Director	$0	$0	$0
ANTHONY SILVER	ALT STATE DELEGATE	5.00	Officer Director	$0	$0	$0
JOSEPH LORA	MUNICIPAL DELEGATE	5.00	Officer Director	$0	$0	$0
JOSHUA PHILLIPS	TRUSTEE	5.00	Director	$0	$0	$0
RAJON MARTINEZ	TRUSTEE	5.00	Director	$0	$0	$0
JOSEPH TORRE	TRUSTEE	5.00	Director	$0	$0	$0
CARMINE DISBROW	PRESIDENT - RETIRED 6/21	40.00	Director	$4,000	$0	$4,000
LAWSON BROWNE	ST. DELEGATE- RETIRED 6/21	5.00	Director	$1,200	$0	$1,200
PATRICK EGAN	TRUSTEE - RETIRED 6/21	5.00	Director	$1,800	$0	$1,800
ALEX RIVERA	2ND VP - RETIRED 6/21	5.00	Director	$1,300	$0	$1,300

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	No data	No data	No data	No data
2022	$679,702	$524,621	$1,476,920	$155,081
2021	$547,013	$405,883	$1,305,346	$141,130
2020	$508,934	$540,105	$989,812	$-31,171
2019	$514,628	$608,597	$992,763	$-93,969
2018	$538,472	$611,342	$1,140,895	$-72,870

JERSEY CITY POLICE OFFICERS BENEVOLENT ASSN INC