THE ALBEMARLE COUNTY POLICE FOUNDA… - Form 990 Financial Data

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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

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 $332K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $389K exceeded revenue, resulting in a 17% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $291,508

THE FOUNDATION PROVIDES SUPPORT AND APPRECIATION TO THE ALBEMARLE COUNTY POLICE DEPARTMENT OFFICERS AND STAFF BY PROVIDING ROUTINE MORALE SUPPORT BYWAY OF MEALS, RECOGNITION EVENTS AND SIMILAR...

THE FOUNDATION PROVIDES SUPPORT AND APPRECIATION TO THE ALBEMARLE COUNTY POLICE DEPARTMENT OFFICERS AND STAFF BY PROVIDING ROUTINE MORALE SUPPORT BYWAY OF MEALS, RECOGNITION EVENTS AND SIMILAR SUPPORT. SUPPORT INCLUDES FUNDING SPECIFIC REQUESTS OF THE DEPARTMENT. ONE OF THE MOST SIGNIFICANT SUPPORT PROGRAMS IS THE HOUSING ASSISTANCE GRANT PROGRAM WHICH PROVIDES ELIGIBLE POLICE OFFICERS HOUSING ASSISTANCE (RENTAL OR HOME PURCHASE). THE FOUNDATION PROVIDES EDUCATIONAL SCHOLARSHIPS TO ELIGIBLE POLICE OFFICERS IN SUPPORT OF THEIR CAREERS IN PUBLIC SAFETY.

Program 2

Expenses: $32,021

TO PROVIDE SUPPLEMENTAL TRAINING AND EQUIPMENT AND OTHER SUPPORT FOR THE ALBEMARLE COUNTY POLICE DEPARTMENT INCLUDING SUPPORT OF THE K-9 DIVISION.

Program 3

Expenses: $20,109

PROVIDE COMMUNITY ENGAGEMENT BY SUPPORTING AND LEADING EVENTS TO CREATE PUBLIC AWARENESS OF COMMUNITY POLICING ACTIVITIES, TO EDUCATE REGARDING SAFETY ISSUES, AND TO RECOGNIZE EXCELLENCE IN POLICE...

PROVIDE COMMUNITY ENGAGEMENT BY SUPPORTING AND LEADING EVENTS TO CREATE PUBLIC AWARENESS OF COMMUNITY POLICING ACTIVITIES, TO EDUCATE REGARDING SAFETY ISSUES, AND TO RECOGNIZE EXCELLENCE IN POLICE WORK.

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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 $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