GLEN COVE CITY POLICE BENEVOLENT ASSOCIATION INC (EIN 237032658) - 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

1996

Legal Domicile

Principal Officer

CHRISTOPHER PASCUCCI PRE

Phone

5166761000

Tax Period

2024-01-01 to 2024-12-31

GLEN COVE CITY POLICE BENEVOLENT ASSOCIATION INC, founded in 1996, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Net assets of $608K represent 33 months of operating reserves.

Mission

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 (2024)

Revenue Breakdown

Contributions & Grants $132,327

Program Service Revenue $113,620

Investment Income $21,217

Other Revenue $-43,935

TOTAL REVENUE $223,229

Expense Breakdown

Grants Paid $37,957

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $22,562

TOTAL EXPENSES $229,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$223,229	$216,397	+0.0%
Expenses	$229,362	$222,166	+0.0%
Net Income	$-6,133	$-5,769	+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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER PASCUCCI	PRESIDENT	10.00	Officer Director	$0	$0	$0
ROBERTO TELESE	1ST VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
PETER MICHALEAS	2ND VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
VINCENT OPPEDISANO	WELFARE SECRETARY	5.00	Officer Director	$0	$0	$0
JEFFREY GRIGGS	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
ANDREW MOZER	TREASURER	10.00	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
2024	$223,229	$229,362	$607,661	$-6,133
2021	$230,513	$200,213	$625,598	$30,300
2020	$190,423	$95,416	$585,544	$95,007

GLEN COVE CITY POLICE BENEVOLENT ASSOCIATION INC