Policeman's Benevolent Association Local No 24 Inc

EIN: 521760761

Atlantic City, NJ

Total Revenue
$434,077
Total Expenses
$432,355
Total Assets
$424,862
Net Assets
$423,057
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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
1990
Legal Domicile
NJ
Principal Officer
Juliann Schwenger
Phone
6093475285
Tax Period
2024-07-01 to 2025-06-30

Policeman's Benevolent Association Local No 24 Inc, founded in 1990, is a small nonprofit that reported $434K in total revenue in fiscal year 2024.

Mission

The primary purpose is to provide various benefits to the association's members and their families.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,305
Program Service Revenue $418,472
Investment Income $56
Other Revenue $6,244
TOTAL REVENUE $434,077

Expense Breakdown

Grants Paid $58,909
Salaries & Benefits $77,568
Fundraising Expenses $0
Program Expenses $364,796
Other Expenses $295,878
TOTAL EXPENSES $432,355

Year-over-Year Comparison

2024 2023 Change
Revenue $434,077 $404,543 +0.1%
Expenses $432,355 $379,145 +0.1%
Net Income $1,722 $25,398 -0.9%
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

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Governance

Voting Members
9
Independent Members
9
Employees
1
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
6
$10,800
Total Directors
8
$10,400
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Juliann Schewenger President 25.00
Officer Director
$6,000 $0 $6,000
Albert Floriani Vice President 2.00
Officer Director
$1,700 $0 $1,700
Michael Shafman Treasurer 5.00
Officer Director
$500 $0 $500
Sterling Wheaten 2nd Vice President 2.00
Officer Director
$0 $0 $0
Jesse Oliver-Logan Trustee 1.00
Director
$800 $0 $800
Ivan Cruz Trustee 1.00
Director
$400 $0 $400
Jeffrey Hannon Trustee 1.00
Director
$400 $0 $400
Pete Calabrese Sergeant of Arms 1.00
Officer Director
$600 $0 $600
Matthew Rogers State Delegate 15.00
Officer
$2,000 $0 $2,000
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
2025 $434,077 $432,355 $424,862 $1,722
2024 $404,543 $379,145 $422,587 $25,398
2023 $362,466 $336,431 $397,326 $26,035
2022 $302,017 $297,320 $372,946 $4,697
2021 $321,104 $267,304 $366,448 $53,800
2020 $330,284 $226,409 $312,611 $103,875
2019 $310,669 $269,271 $209,037 $41,398
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