POLICE OFFICERS FEDERATION OF MINN… - Form 990 Financial Data

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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

1965

Legal Domicile

Principal Officer

RICHARD WALKER

Phone

6127888444

Tax Period

2023-01-01 to 2023-12-31

POLICE OFFICERS FEDERATION OF MINNEAPOLIS, founded in 1965, is a small nonprofit that reported $945K in total revenue in fiscal year 2023. Revenue surged 82% from the prior year, signaling strong growth momentum. Expenses of $818K left a modest 14% surplus.

Mission

ALWAYS WITH THE GOAL OF WORKING TOWARD A SAFER, MORE LIVABLE CITY, OUR MISSION IS TO IMPROVE WORKING CONDITIONS FOR OUR MEMBERS - POLICE OFFICERS WHO WORK IN MINNEAPOLIS - AND TO MAKE CERTAIN THEIR RIGHTS ARE PROTECTED.

Program Service Accomplishments

Program 1

TO IMPROVE THE WORKING CONDITIONS FOR POLICE OFFICERS IN MINNEAPOLIS, MINNESOTA. THE FEDERATION IS THE SOLE BARGAINING AGENT TO APPROXIMATELY 900 POLICE OFFICERS.

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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 $1,330

Program Service Revenue $679,215

Investment Income $237,474

Other Revenue $27,471

TOTAL REVENUE $945,490

Expense Breakdown

Grants Paid $1,511

Salaries & Benefits $316,260

Fundraising Expenses $0

Other Expenses $499,821

TOTAL EXPENSES $817,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$945,490	$518,902	+0.8%
Expenses	$817,592	$948,748	-0.1%
Net Income	$127,898	$-429,846	-1.3%

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

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

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

$190,820

Total Directors

$246,002

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY EWALD KOKX	OFFICE MANAGER/ADMIN ASST	40.00	Officer Director	$89,781	$2,500	$92,281
SHERRAL MILLER-SCHMIDT	PRESIDENT	40.00	Officer Director	$39,415	$0	$39,415
ANNA HEDBERG	VICE PRESIDENT	10.00	Officer Director	$19,708	$0	$19,708
RICHARD WALKER	TREASURER	5.00	Officer Director	$19,708	$0	$19,708
STEPHEN SPORNY	SECRETARY	5.00	Officer Director	$19,708	$0	$19,708
ADAM SWIERCZEK	PARK POLICE REPRESENTATIVE	5.00	Director	$9,197	$0	$9,197
CONAN HICKEY	DIRECTOR	5.00	Director	$9,197	$0	$9,197
MARK JOHNSON	DIRECTOR	5.00	Director	$9,197	$0	$9,197
DENNIS MILNER	DIRECTOR	5.00	Director	$9,197	$0	$9,197
ANDREW REED	DIRECTOR	5.00	Director	$9,197	$0	$9,197
MARK HANNEMAN	DIRECTOR	5.00	Director	$9,197	$0	$9,197

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	$945,490	$817,592	$2,083,313	$127,898
2022	$518,902	$948,748	$1,940,126	$-429,846
2021	$913,252	$1,323,614	$2,407,295	$-410,362
2020	$1,198,555	$1,014,022	$2,766,047	$184,533
2019	$1,197,180	$816,284	$2,536,875	$380,896
2018	$987,975	$698,346	$2,176,450	$289,629

POLICE OFFICERS FEDERATION OF MINNEAPOLIS