POLISH BENEFICIAL ASSOCIATION (EIN 230981362) - 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

1899

Legal Domicile

Principal Officer

BRYAN WERNER

Phone

2155352626

Tax Period

2021-01-01 to 2021-12-31

POLISH BENEFICIAL ASSOCIATION, founded in 1899, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2021. Expenses of $2.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

BESIDES BEING A FRATERNAL LIFE INSURANCE ASSOCIATION THE ORGANIZATION TAKES PART IN CIVIC, PATRIOTIC, CHARITABLE AND RELIGIOUS AND CHURCH ACTIVITIES. MEMBERS HAVE MANY FRATERNAL BENEFITS SUCH AS BEING ABLE TO OBTAIN A HOME LOAN MORTGAGE TO PURCHASE A HOME; STUDENTS MAY OBTAIN TUITION AID FOR COLLEGE AND TECHNICAL SCHOOLS; MEMBERS CAN OBTAIN LOANS ON THEIR POLICIES. OVER THE MANY YEARS POLISH BENEFICIAL ASSOCIATION HAS GREATLY EXPANDED THEIR ACTIVITIES FOR MEMBERS AND OFFER ACTIVITIES SUCH AS CHILDREN'S POLISH FOLK DANCE LESSONS, POLISH LANGUAGE COURSES, CHILDREN'S CHRISTMAS PARTIES, POLKA DANCE LESSONS, CHILDREN'S POLISH GLEE CLUB, EASTER EGG HUNT FOR CHILDREN, VARIOUS TRIPS AND OUTINGS.

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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 $1,260,970

Investment Income $949,320

Other Revenue $320

TOTAL REVENUE $2,210,610

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,045

Fundraising Expenses $0

Program Expenses $2,546,605

Other Expenses $424,598

TOTAL EXPENSES $2,546,605

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,210,610	$2,058,822	+0.1%
Expenses	$2,546,605	$2,222,681	+0.1%
Net Income	$-335,995	$-163,859	+1.1%

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

N/A

Independent Members

N/A

Employees

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

$129,791

Total Directors

$14,449

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH WAGNER	SECRETARY	40.00	Officer	$55,765	$0	$55,765
PHYLLIS ROONEY	TREASURER	40.00	Officer	$53,695	$0	$53,695
SAMUEL SBRACCIA	PRESIDENT	20.00	Officer	$20,331	$0	$20,331
JOHN J JAKUBOWSKI	SOLICITOR	1.00	Director	$5,235	$0	$5,235
DR JOAN LAMBERT	MEDICAL EXAM	1.00	Director	$5,214	$0	$5,214
ANGELINA WAGNER	DIRECTOR	1.00	Director	$4,000	$0	$4,000
WALTER DREJERSKI	DIRECTOR	N/A	Director	$0	$0	$0
WALTER GASIEWSKI	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH JANEKOWSKI	DIRECTOR	N/A	Director	$0	$0	$0
MARIANNE STONE	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH ZINGARO	DIRECTOR	N/A	Director	$0	$0	$0
BRYAN WERNER	GENERAL MANA	N/A	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
2021	$2,210,610	$2,546,605	No data	$-335,995
2020	$2,058,822	$2,222,681	$18,965,085	$-163,859
2019	$1,919,634	$2,056,014	$18,227,227	$-136,380

POLISH BENEFICIAL ASSOCIATION