LOWELL POLICE ASSOCIATION INC

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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

2008

Legal Domicile

Principal Officer

CHRISTOPHER OSBORN

Phone

9785057222

Tax Period

2023-09-01 to 2024-08-31

LOWELL POLICE ASSOCIATION INC, founded in 2008, is a small nonprofit in the Employment sector that reported $197K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

TO PROVIDE LABOR REPRESENTATION AND EMERGENCY FUNDS FOR INJURED, DISABLED AND DECEASED POLICE OFFICERS AND FAMILIES.

Program Service Accomplishments

Program 1

TO PROVIDE LABOR REPRESENTATION FOR COLLECTIVE BARGAINING AGREEMENTS AND NEGOTIATE LABOR GRIEVANCES.

Program 2

TO PROVIDE EMERGENCY FUNDING FOR INJURED OR DISABLED POLICE OFFICERS (ACTIVE OR RETIRED) AND THEIR FAMILIES, MEMORIAL SERVICES FOR DECEASED OFFICERS, LIFE INSURANCE AND COUNSELING FOR FAMILIES.

Program 3

TO PROMOTE PUBLIC AWARENESS CONCERNING PUBLIC SAFETY AND SPONSOR LOCAL SCHOOL, CIVIC AND OTHER CHILDREN EVENTS.

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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 $195,925

Program Service Revenue $580

Investment Income $93

Other Revenue $0

TOTAL REVENUE $196,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,865

Fundraising Expenses $0

Other Expenses $172,306

TOTAL EXPENSES $214,171

Year-over-Year Comparison

	2023	2022	Change
Revenue	$196,598	$215,762	-0.1%
Expenses	$214,171	$209,756	+0.0%
Net Income	$-17,573	$6,006	-3.9%

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

$31,765

Total Directors

$10,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDER RAMOS	FORMER DIRECTOR	2.00	Director	$400	$0	$400
TIMOTHY COOPER	DIRECTOR	2.00	Director	$800	$0	$800
ADAM DEANGELIS	FORMER DIRECTOR	2.00	Director	$500	$0	$500
DANIEL KINGAN	DIRECTOR	2.00	Director	$800	$0	$800
TIMOTHY WHALEN	DIRECTOR	2.00	Director	$5,200	$0	$5,200
KOREY RUDY	FORMER DIRECTOR	2.00	Director	$500	$0	$500
ROBERT JOYCE	DIRECTOR	2.00	Director	$700	$0	$700
DANIEL WESTAWAY	DIRECTOR	2.00	Director	$700	$0	$700
NICHOLAS LAGANAS	FORMER DIRECTOR	2.00	Director	$500	$0	$500
CHRISTOPHER OSBORN	TREASURER	5.00	Officer	$12,000	$0	$12,000
DANNY BRITO	PRESIDENT	5.00	Officer	$10,500	$0	$10,500
JOSE SANTIAGO	SECRETARY	5.00	Officer	$4,500	$0	$4,500
DAVID LAVOIE	VICE-PRESIDENT	5.00	Officer	$4,765	$0	$4,765

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	$196,598	$214,171	$178,756	$-17,573
2023	$215,762	$209,756	$196,329	$6,006
2022	$206,926	$214,617	$190,323	$-7,691
2021	$207,123	$216,504	$205,609	$-9,381
2020	$206,745	$183,659	$214,990	$23,086
2019	$210,502	$190,534	$191,903	$19,968