WICHITA POLICE BENEFIT FUND (EIN 486114821) - 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

1979

Legal Domicile

Phone

3162049404

Tax Period

2024-01-01 to 2024-12-31

WICHITA POLICE BENEFIT FUND, founded in 1979, is a small nonprofit that reported $445K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Net assets of $6.3M represent 170 months of operating reserves.

Mission

PROVIDING MEDICAL BENEFITS TO MEMBERS

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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 $13,144

Program Service Revenue $274,182

Investment Income $157,195

Other Revenue $0

TOTAL REVENUE $444,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,436

Fundraising Expenses $0

Program Expenses $0

Other Expenses $57,604

TOTAL EXPENSES $440,742

Year-over-Year Comparison

	2024	2023	Change
Revenue	$444,521	$550,983	-0.2%
Expenses	$440,742	$469,888	-0.1%
Net Income	$3,779	$81,095	-1.0%

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

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
CORY MASTERSON	BOARD PRESIDENT	5.0	Officer Director	$0	$0	$0
WILLIAM STEVENS	BOARD TREASURER	5.0	Officer Director	$0	$0	$0
KIMBERLY WAREHIME	BOARD MEMBER	5.0	Director	$0	$0	$0
MELISSA BURNS	BOARD MEMBER	5.0	Director	$0	$0	$0
STEVEN THRONTON	BOARD MEMBER	5.0	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	$444,521	$440,742	$6,303,299	$3,779
2023	$550,983	$469,888	$5,764,182	$81,095
2022	$496,165	$441,484	$4,856,508	$54,681
2021	$1,420,913	$388,451	$5,836,214	$1,032,462
2020	$506,851	$387,116	$5,628,386	$119,735
2019	$578,859	$375,822	$4,643,823	$203,037
2018	$599,095	$363,710	$4,008,869	$235,385

WICHITA POLICE BENEFIT FUND