MIAMI POLICE BENEVOLENT ASSOCIATION (EIN 590359685) - 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

1937

Legal Domicile

Principal Officer

JOSEPH LONGUEIRA

Tax Period

2023-01-01 to 2023-12-31

MIAMI POLICE BENEVOLENT ASSOCIATION, founded in 1937, is a small nonprofit that reported $272K in total revenue in fiscal year 2023. Expenses of $528K exceeded revenue, resulting in a 94% operating deficit.

Mission

THE PURPOSE IS TO PROVIDE OUTREACH TO THE COMMUNITY STRENGHTENING THE RELATIONSHIP BETWEEN THE POLICE DEPARTMENT AND THE COMMUNITY AND TO SERVE THE DISADVANTAGE

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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 $20,541

Program Service Revenue $0

Investment Income $475,942

Other Revenue $-224,180

TOTAL REVENUE $272,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $499,765

Other Expenses $515,732

TOTAL EXPENSES $527,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,303	$-37,233	-8.3%
Expenses	$527,732	$382,051	+0.4%
Net Income	$-255,429	$-419,284	-0.4%

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

$12,000

Total Directors

$6,000

Key Employees

$3,600

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JOSEPH LONGUEIRA	PRESIDENT	Officer Director Key Emp	$3,600	$0	$3,600
MARTIN ZIRK	TREASURER	Officer	$3,600	$0	$3,600
MIKE MALONEY	VP	Officer Director	$2,400	$0	$2,400
RONALD MORRIS	SECRETARY	Officer	$2,400	$0	$2,400
AL COTERA	BOARD MEMBER	Director	$0	$0	$0
GARY JACKSON	BOARD DIRECTOR	Director	$0	$0	$0
MARK WISNER	BOARD MEMBER	Director	$0	$0	$0
CARLOS BALSINO	SERGENT AT ARMS	Director	$0	$0	$0
HERB ALTMAN	BOARD MEMBER	Director	$0	$0	$0
T REYES	BOARD MEMBER	Director	$0	$0	$0
ARTHUR SERIG	BOARD MEMBER	Director	$0	$0	$0
GERALD GREEN	PAST PRESIDENT	Officer	$0	$0	$0
WILLIAM CORSER	PARLIAMENTARIAN	Officer	$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	No data	No data	No data	No data
2023	$272,303	$527,732	$12,436,738	$-255,429
2022	$-37,233	$382,051	$12,693,355	$-419,284
2021	$1,595,216	$463,961	$15,201,317	$1,131,255
2020	$1,516,781	$636,363	$15,051,085	$880,418
2019	$1,531,797	$531,855	$14,638,596	$999,942
2018	$769,922	$794,331	$13,503,729	$-24,409

MIAMI POLICE BENEVOLENT ASSOCIATION