THE ALBEMARLE COUNTY POLICE FOUNDATION (EIN 541642231) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

MICHAEL STRAIGHTIFF

Phone

4349623001

Tax Period

2024-01-01 to 2024-12-31

THE ALBEMARLE COUNTY POLICE FOUNDATION, founded in 1992, is a small nonprofit in the Crime & Legal sector that reported $610K in total revenue in fiscal year 2019. Revenue surged 378% from the prior year, signaling strong growth momentum. The organization ran a surplus of $480K, a strong 79% operating margin.

Mission

THE FOUNDATION'S PURPOSE IS TO PROMOTE PUBLIC SAFETY BY SUPPORTING THE ALBEMARLE COUNTY POLICE DEPARTMENT IN ITS EFFORTS TO BE A PROFESSIONAL, HIGHLY EDUCATED AND TRAINED ORGANIZATION, EQUIPPED TO PREVENT CRIME AND ENHANCE THE OVERALL SAFETY OF THE COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $249,427

Program Service Revenue $0

Investment Income $24,365

Other Revenue $57,918

TOTAL REVENUE $331,710

Expense Breakdown

Grants Paid $159,600

Salaries & Benefits $76,300

Fundraising Expenses $16,598

Program Expenses $343,638

Other Expenses $153,232

TOTAL EXPENSES $389,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$331,710	$441,212	-0.2%
Expenses	$389,132	$432,058	-0.1%
Net Income	$-57,422	$9,154	-7.3%

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

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

$76,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL STRAIGHTIFF	PRESIDENT	3.00	Officer Director	$0	$0	$0
MICHAEL MARQUARDT	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
MATTHEW MCLEAREN	TREASURER	3.00	Officer Director	$0	$0	$0
D FRENCH SLAUGHTER IV	SECRETARY	3.00	Officer Director	$0	$0	$0
KATE KAMINSKI	EXECUTIVE DI	20.00	Officer	$76,300	$0	$76,300
OLIVIA BRANCH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SHINAULT	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HILLIARD	DIRECTOR	1.00	Director	$0	$0	$0
EMMA PALMERTON	DIRECTOR	1.00	Director	$0	$0	$0
JESSE TURNER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE CLAY	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE LONG	DIRECTOR	1.00	Director	$0	$0	$0
FRANK JARGOWSKY	DIRECTOR	1.00	Director	$0	$0	$0
LORRIE NICHOLSON	DIRECTOR	1.00	Director	$0	$0	$0
RANDLE POLLARD	DIRECTOR	1.00	Director	$0	$0	$0
DG VAN CLIEF	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KROUSE	DIRECTOR	1.00	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
2024	$331,710	$389,132	$684,412	$-57,422
2023	$441,212	$432,058	$711,275	$9,154
2022	$238,592	$250,503	$643,374	$-11,911
2021	$259,935	$201,460	$753,738	$58,475
2020	$187,960	$176,049	$678,272	$11,911
2019	$609,883	$129,486	$632,843	$480,397

THE ALBEMARLE COUNTY POLICE FOUNDATION