CORRECTION OFFICERS' BENEVOLENT ASSOC SECURITY BENEFITS FUND - RETIREES

EIN: 510183172

EAST ELMHURST, NY

Total Revenue
$18,120,324
Total Expenses
$22,078,573
Total Assets
$9,493,524
Net Assets
$9,370,767
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
ANGEL CASTRO
Phone
2122748000
Tax Period
2023-01-01 to 2023-12-31

CORRECTION OFFICERS' BENEVOLENT ASSOC SECURITY BENEFITS FUND - RETIREES, founded in 1968, is a mid-sized nonprofit that reported $18.1M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $22.1M exceeded revenue, resulting in a 22% operating deficit.

Mission

THE ORGANIZATIONS PRIMARY PURPOSE IS TO PROVIDE HEALTH AND WELFARE BENEFITS TO ALL ELIGIBLE MEMBERS.

Program Service Accomplishments

Program 1

PROVIDED HEALTH AND WELFARE BENEFITS TO APPROXIMATELY 9,235 COVERED PARTICIPANTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,019,511
Investment Income $109,551
Other Revenue $991,262
TOTAL REVENUE $18,120,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $933,329
TOTAL EXPENSES $22,078,573

Year-over-Year Comparison

2023 2022 Change
Revenue $18,120,324 $21,497,894 -0.2%
Expenses $22,078,573 $20,903,930 +0.1%
Net Income $-3,958,249 $593,964 -7.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
15
Independent Members
N/A
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
0
$0
Total Directors
15
$1,483,045
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENNY BOSCIO JR CHAIRMAN 1.00
Director
$0 $0 $213,797
GLENN MORGAN TRUSTEE 1.00
Director
$0 $0 $118,041
KEISHA WILLIAMS TRUSTEE 1.00
Director
$0 $0 $114,472
LIONEL CUMBERBATCH TRUSTEE 1.00
Director
$0 $0 $104,439
HERMAN JIMINIAN TRUSTEE 1.00
Director
$0 $0 $102,078
ANTIONETTE ANDERSON TRUSTEE 1.00
Director
$0 $0 $104,524
FELIX SANCHEZ TRUSTEE 1.00
Director
$0 $0 $104,389
ASHAKI ANTOINE TRUSTEE 1.00
Director
$0 $0 $98,846
CHARLES WINGATE TRUSTEE 1.00
Director
$0 $0 $78,129
EDWARD YATES TRUSTEE 1.00
Director
$0 $0 $79,762
MATTHEW ROMANO TRUSTEE 1.00
Director
$0 $0 $77,730
NEIL RENIOS TRUSTEE 1.00
Director
$0 $0 $94,730
ANGEL CASTRO TRUSTEE 1.00
Director
$0 $0 $106,625
AMADO RICO TRUSTEE 1.00
Director
$0 $0 $42,758
MAURICE SMITH TRUSTEE 1.00
Director
$0 $0 $42,725
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 $18,120,324 $22,078,573 $9,493,524 $-3,958,249
2023 $20,119,347 $21,909,068 $11,718,604 $-1,789,721
2022 $21,497,894 $20,903,930 $13,455,447 $593,964
2021 $20,011,222 $21,315,687 $12,811,466 $-1,304,465
2020 $21,543,548 $19,759,788 $14,143,466 $1,783,760
2019 $19,141,594 $18,345,698 $12,293,582 $795,896
2018 $17,749,070 $18,186,046 $11,509,005 $-436,976
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CORRECTION OFFICERS' BENEVOLENT ASSOC SECURITY BENEFITS FUND - RETIREES with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.