ADMINISTRATIVE FUND OF THE DETECTIVES ENDOWMENT ASSOCIATION INC

EIN: 383956499 Mutual Benefit

NEW YORK, NY

Total Revenue
$17,471,917
Total Expenses
$46,691,887
Total Assets
$60,648,817
Net Assets
$60,629,222
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NY
Principal Officer
SCOTT MUNRO CHAIRMAN
Phone
2125879120
Tax Period
2023-01-01 to 2023-12-31

ADMINISTRATIVE FUND OF THE DETECTIVES ENDOWMENT ASSOCIATION INC, founded in 2016, is a mid-sized nonprofit in the Mutual Benefit sector that reported $17.5M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $46.7M exceeded revenue, resulting in a 167% operating deficit.

Mission

TO COLLECT EMPLOYER CONTRIBUTIONS RECEIVED PURSUANT TO A COLLECTIVE BARGAINING AGREEMENT BETWEEN THE DETECTIVES' ENDOWMENT ASSOCIATION, INC. AND THE CITY OF NEW YORK, REMIT THESE CONTRIBUTIONS TO THE DETECTIVES' ENDOWMENT ASSOCIATION, INC.'S BENEFIT PLANS, AND PAY ALL ADMINISTRATIVE EXPENSES FOR THOSE PLANS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,029,475
Investment Income $3,122,379
Other Revenue $320,063
TOTAL REVENUE $17,471,917

Expense Breakdown

Grants Paid $0
Salaries & Benefits $833,401
Fundraising Expenses $0
Other Expenses $1,992,382
TOTAL EXPENSES $46,691,887

Year-over-Year Comparison

2023 2022 Change
Revenue $17,471,917 $19,394,707 -0.1%
Expenses $46,691,887 $41,560,952 +0.1%
Net Income $-29,219,970 $-22,166,245 +0.3%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
N/A
Employees
6
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
0
$0
Total Directors
4
$318,928
Key Employees
1
$237,680
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL DIGIACOMO CHAIRMAN 1.00
Director
$0 $0 $106,940
PAUL MORRISON TRUSTEE 1.00
Director
$0 $0 $67,340
JEFFREY A WARD TRUSTEE 1.00
Director
$0 $0 $71,565
SCOTT MUNRO TRUSTEE 1.00
Director
$0 $0 $73,083
CARMINE RUSSO EXECUTIVE DIRECTOR 12.00
Key Emp
$195,978 $41,702 $237,680
SHARON ROBERTSON FUND ADMINISTRATOR 10.00
Highest
$145,071 $22,860 $167,931
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 $17,471,917 $46,691,887 $60,648,817 $-29,219,970
2022 $19,394,707 $41,560,952 $94,517,641 $-22,166,245
2021 $34,897,604 $27,550,941 $131,922,950 $7,346,663
2020 $34,183,084 $22,516,489 $119,799,942 $11,666,595
2019 $35,102,416 $21,182,301 $99,550,972 $13,920,115
2018 $34,596,988 $7,365,526 $77,208,580 $27,231,462
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