BLOOMFIELD TOWNSHIP POLICE BENEVOLENT ASSOCIATON INC (EIN 270099324) - 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

2010

Legal Domicile

Principal Officer

NICHOLAS SOLEY

Phone

8778295500

Tax Period

2024-01-01 to 2024-12-31

BLOOMFIELD TOWNSHIP POLICE BENEVOLENT ASSOCIATON INC, founded in 2010, is a micro nonprofit in the Public Safety sector that reported $66K in total revenue in fiscal year 2024. Revenue surged 144% from the prior year, signaling strong growth momentum. Expenses of $78K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO RECEIVE AND ADMINISTER FUNDS FOR RELIGIOUS, SCIENTIFIC, EDUCATIONAL AND CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE IRC OF 1986, OR CORRESPONDING PROVISIONS OF ANY FUTURE US IRC.

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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 $43,195

Program Service Revenue $48

Investment Income $4,528

Other Revenue $17,955

TOTAL REVENUE $65,726

Expense Breakdown

Grants Paid $76,526

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,526

Other Expenses $1,589

TOTAL EXPENSES $78,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,726	$26,908	+1.4%
Expenses	$78,115	$40,114	+0.9%
Net Income	$-12,389	$-13,206	-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

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
NICHOLAS SOLEY	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHRISTOPHER WEGIENKA	VISE PRESIDENT	4.00	Officer Director	$0	$0	$0
KRISTY PAQUIN	SECRETARY	4.00	Officer Director	$0	$0	$0
NINA HOUGHTON	TREASURER	2.00	Officer Director	$0	$0	$0
CODY DENISON	MEMBER	1.00	Director	$0	$0	$0
ROBERT ZAREMBA	MEMBER	1.00	Director	$0	$0	$0
ANGELA CARLSON	MEMBER	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	$65,726	$78,115	$276,498	$-12,389
2023	$26,908	$40,114	$288,887	$-13,206
2022	$130,075	$43,202	$302,093	$86,873
2021	$34,178	$26,077	$214,174	$8,101
2020	$16,473	$35,201	$206,073	$-18,728
2019	$41,281	$12,051	$224,801	$29,230
2018	$49,087	$21,005	$195,571	$28,082

BLOOMFIELD TOWNSHIP POLICE BENEVOLENT ASSOCIATON INC