Milpitas Police Officers Association Benefits Trust (EIN 776167026) - 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

1998

Legal Domicile

Phone

5109176597

Tax Period

2024-01-01 to 2024-12-31

Milpitas Police Officers Association Benefits Trust, founded in 1998, is a small nonprofit in the Mutual Benefit sector that reported $954K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $264K, a strong 28% operating margin.

Mission

To provide payment of all or a portion of the health, dental and vision insurance premium for retired Milpitas police officers or their dependents. To provide short term disability benefits and other benefits incidental thereto.

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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 $781,930

Program Service Revenue $0

Investment Income $172,291

Other Revenue $0

TOTAL REVENUE $954,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,475

Other Expenses $61,100

TOTAL EXPENSES $690,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$954,221	$876,929	+0.1%
Expenses	$690,309	$629,222	+0.1%
Net Income	$263,912	$247,707	+0.1%

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

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
Alex Prince	President	2.00	Director	$0	$0	$0
Steven Parodie	Trustee	2.00	Director	$0	$0	$0
Mattison Madnick	Treasurer	2.00	Director	$0	$0	$0
Thomas Borck	Trustee	2.00	Director	$0	$0	$0
Ronald Gordon	Trustee	2.00	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	$954,221	$690,309	$4,950,725	$263,912
2023	$876,929	$629,222	$4,355,527	$247,707
2022	$851,190	$638,457	$3,637,470	$212,733
2021	$774,739	$599,256	$4,121,241	$175,483
2020	$1,212,945	$110,307	$3,944,448	$1,102,638
2019	$1,239,169	$254,259	$2,918,621	$984,910
2018	$372,486	$166,952	$1,692,265	$205,534

Milpitas Police Officers Association Benefits Trust