POLICE RELIEF FUND INC (EIN 237331002) - 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

1924

Legal Domicile

Principal Officer

EDWARD CABAN

Phone

2125649451

Tax Period

2023-01-01 to 2023-12-31

POLICE RELIEF FUND INC, founded in 1924, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE ASSISTANCE TO POLICE OFFICERS OF THE NEW YORK CITY POLICE DEPARTMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,137,960

Investment Income $351,983

Other Revenue $2,113

TOTAL REVENUE $1,492,056

Expense Breakdown

Grants Paid $794,900

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,700,868

Other Expenses $456,431

TOTAL EXPENSES $1,799,630

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,492,056	$1,820,497	-0.2%
Expenses	$1,799,630	$2,143,545	-0.2%
Net Income	$-307,574	$-323,048	0.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN T SCHLAPP	Administrator	5.00	Director	$0	$0	$0
Jeffrey Maddrey	1ST VICE PRES.	1.00	Officer Director	$0	$0	$0
PAUL DIGIACOMO	2nd VICE PRES.	1.00	Officer Director	$0	$0	$0
LOUIS TURCO	Treasurer	1.00	Officer Director	$0	$0	$0
Patrick Hendry	Secretary	1.00	Officer Director	$0	$0	$0
VINCENT VALLELONG	ASSIST. SEC'Y	1.00	Officer Director	$0	$0	$0
ELI J KLEINMAN MD	Trustee	1.00	Director	$0	$0	$0
ANTHONY BORELLI	Trustee	1.00	Director	$0	$0	$0
Dan Tirelli	Trustee	1.00	Director	$0	$0	$0
Arthur Egner	Trustee	1.00	Director	$0	$0	$0
EDWARD CABAN	President	1.00	Officer Director	$0	$0	$0
CHRISTOPHER MONAHAN	ASSIST. TREAS.	1.00	Officer Director	$0	$0	$0
THOMAS GILMORE	Trustee	1.00	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	No data	No data	No data	No data
2023	$1,492,056	$1,799,630	$10,263,710	$-307,574
2022	$1,820,497	$2,143,545	$9,881,338	$-323,048
2021	$1,557,370	$1,851,581	$11,947,456	$-294,211
2020	$1,500,583	$1,658,596	$11,299,357	$-158,013
2019	$2,143,723	$1,756,314	$10,641,268	$387,409
2018	$1,418,672	$1,783,387	$9,357,086	$-364,715

POLICE RELIEF FUND INC