POLICE ASSOC INC - TOWN OF GREENBURGH (EIN 237047543) - 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

1934

Legal Domicile

Principal Officer

MICHAEL VINGO

Phone

9144477735

Tax Period

2024-01-01 to 2024-12-31

POLICE ASSOC INC - TOWN OF GREENBURGH, founded in 1934, is a small nonprofit in the Employment sector that reported $354K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $449K exceeded revenue, resulting in a 27% 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $65,464

Program Service Revenue $213,830

Investment Income $63,885

Other Revenue $11,008

TOTAL REVENUE $354,187

Expense Breakdown

Grants Paid $5,094

Salaries & Benefits $30,760

Fundraising Expenses $0

Other Expenses $102,713

TOTAL EXPENSES $449,401

Year-over-Year Comparison

	2024	2023	Change
Revenue	$354,187	$286,210	+0.2%
Expenses	$449,401	$302,594	+0.5%
Net Income	$-95,214	$-16,384	+4.8%

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

$36,500

Total Directors

$42,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD DEVITO	PRESIDENT	10.00	Officer Director	$9,500	$0	$12,500
MICHAEL COOKINGHAM	VICE-PRESIDENT	5.00	Officer Director	$5,000	$0	$8,000
BRIAN DOHERTY	SECRETARY	5.00	Officer Director	$2,750	$0	$2,750
COLIN TIEDEMANN	TRUSTEE	5.00	Director	$2,000	$0	$2,000
ANTHONY MARZELLA	SGT AT ARMS	5.00	Officer Director	$2,500	$0	$2,500
JOHN HERIGHTY	TRUSTEE	5.00	Director	$2,250	$0	$2,250
MICHAEL VINGO	TREASURER	10.00	Officer Director	$4,750	$0	$10,750
MICAELA HENRY	TRUSTEE	5.00	Director	$2,000	$0	$2,000

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	$354,187	$449,401	$931,876	$-95,214
2023	$286,210	$302,594	$1,002,703	$-16,384
2022	$325,128	$355,802	$909,773	$-30,674
2021	$310,770	$277,590	$1,122,635	$33,180
2020	$265,326	$256,174	$1,139,150	$9,152
2019	$253,170	$197,746	$1,059,286	$55,424
2018	$264,692	$280,581	$936,967	$-15,889

POLICE ASSOC INC - TOWN OF GREENBURGH