FRIENDS OF THE BOSTON POLICE INC (EIN 831107587) - 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

2018

Legal Domicile

Principal Officer

SEAN MCGRATH

Phone

5086551700

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE BOSTON POLICE INC, founded in 2018, is a micro nonprofit in the Public Safety sector that reported $2K in total revenue in fiscal year 2024. Expenses of $6K exceeded revenue, resulting in a 130% operating deficit.

Mission

FRIENDS OF THE BOSTON POLICE, INC. IS A NON-PROFIT FORMED TO SUPPORT THE ADDITIONAL NEEDS OF THE BOSTON POLICE DEPARTMENT. THEIR EFFORTS INCLUDE FUNDRAISING, MEETING WITH THE BOSTON POLICE TO LEARN THEIR NEEDS, THEN APPLYING FUNDS TO MEET THOSE NEEDS.

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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 $2,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,738

TOTAL EXPENSES $5,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,500	N/A	N/A
Expenses	$5,738	N/A	N/A
Net Income	$-3,238	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE REGAN	PRESIDENT & CLERK	0.25	Officer Director	$0	$0	$0
LAWRENCE CURRAN	DIRECTOR	0.25	Director	$0	$0	$0
SEAN MCGRATH	TREASURER	0.25	Officer 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	$2,500	$5,738	$9,796	$-3,238
2023	No data	No data	$13,034	No data
2022	$25,000	$31,260	$13,034	$-6,260
2021	$55,000	$98,508	$19,294	$-43,508
2020	No data	$150,000	$62,802	No data
2019	$240,000	$32,198	$212,802	$207,802

FRIENDS OF THE BOSTON POLICE INC