RETIRED POLICE ASSOCIATION STATE OF NEW YORK INC (EIN 510203865) - 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

1950

Legal Domicile

Principal Officer

KEVIN HASSETT PRES

Phone

5162944488

Tax Period

2023-01-01 to 2023-12-31

RETIRED POLICE ASSOCIATION STATE OF NEW YORK INC, founded in 1950, is a small nonprofit that reported $252K in total revenue in fiscal year 2023. Expenses of $290K exceeded revenue, resulting in a 15% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED FOR THE FOLLOWING PURPOSES, GOALS, AND OBJECTIVES: TO PROMOTE UNITY, FRIENDSHIP AND GOOD WILL BETWEEN THE ACTIVE POLICE OFFICER AND RETIRED POLICE OFFICERS FOR THEIR MUTUAL BENEFIT; TO PROMOTE FELLOWSHIP, GOOD WILL AND COOPERATION BETWEEN THE MEMBERS FOR THEIR MUTUAL BENEFIT; TO PROMOTE FELLOWSHIP, GOOD WILL AND COOPERATION BETWEEN THE MEMBERS OF THIS ASSOCIATION AND THE PUBLIC AT LARGE; TO PRESERVE AND PROTECT THE NEW YORK STATE AND NEW YORK CITY RETIREMENT SYSTEMS FOR RETIRED POLICE OFFICERS AND THEIR BENEFICIARIES; TO MONITOR AND REPORT TO THE MEMBERSHIP REGARDING ANY ACTIVITIES OF ANY ORGANIZATION, MUNICIPALITY OR STATE WHICH MAY AFFECT THE RETIRED POLICE OFFICERS OR THEIR RETIREMENT SYSTEM.

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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 $19,518

Program Service Revenue $105,146

Investment Income $24,226

Other Revenue $103,341

TOTAL REVENUE $252,231

Expense Breakdown

Grants Paid $46,775

Salaries & Benefits $56,374

Fundraising Expenses $0

Other Expenses $158,230

TOTAL EXPENSES $289,786

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,231	$236,915	+0.1%
Expenses	$289,786	$289,516	+0.0%
Net Income	$-37,555	$-52,601	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HASSETT	PRESIDENT	10.00	Officer Director	$0	$0	$0
MICHAEL FERRANOLA	1ST VICE PRES- RESIGN 12/31/23	5.00	Officer Director	$0	$0	$0
FLORA D STERN	1ST VICE PRES- START 12/31/23	5.00	Officer Director	$0	$0	$0
ED CARR	2ND VICE PRES-START 12/31/23	5.00	Officer Director	$0	$0	$0
DAN SAXE	TREASURER	10.00	Officer Director	$0	$0	$0
JOHN RODRIGUEZ	RECORDING SECRETARY	5.00	Officer Director	$0	$0	$0
ROBERT L LIVOTI	FINANCIAL SECRETARY	5.00	Officer Director	$0	$0	$0
PHIL PASSARO	BENEFICIARY SECRETARY	5.00	Officer Director	$0	$0	$0
WILLIAM F ROCHE	SGT AT ARMS	5.00	Officer Director	$0	$0	$0
MARY ANNE VILLARDI	SGT AT ARMS- START 12/31/23	5.00	Officer Director	$0	$0	$0
MICHAEL MULHALL	SGT AT ARMS	5.00	Officer Director	$0	$0	$0
PAUL JURGENS	TRUSTEE	5.00	Director	$0	$0	$0
FRANK NAPOLI	TRUSTEE-RESIGN 12/31/23	5.00	Director	$0	$0	$0
JERRY ARICO	TRUSTEE	5.00	Director	$0	$0	$0
ERROL ROSS	TRUSTEE	5.00	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
2023	$252,231	$289,786	$746,453	$-37,555
2022	$236,915	$289,516	$780,119	$-52,601
2021	$281,126	$260,957	$785,108	$20,169
2020	$248,465	$231,949	$772,060	$16,516
2019	$208,159	$267,727	$728,686	$-59,568
2018	$232,393	$250,816	$696,011	$-18,423

RETIRED POLICE ASSOCIATION STATE OF NEW YORK INC