MASSACHUSETTS POLICE ASSOCIATION LEGAL DEFENSE FUND INC (EIN 832062361) - 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

GARY QUITADAMO

Phone

7747124511

Tax Period

2023-10-01 to 2024-09-30

MASSACHUSETTS POLICE ASSOCIATION LEGAL DEFENSE FUND INC, founded in 2018, is a small nonprofit in the Employment sector that reported $892K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS A MEMBERSHIP BASED ASSOCIATION OF LAW ENFORCEMENT PERSONAL TO PROVIDE LEGAL DEFENSE FOR CLAIMS BROUGHT AGAINST ANY OF ITS FOR JOB RELATED MATTERS

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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 $843,164

Program Service Revenue $0

Investment Income $45,935

Other Revenue $3,128

TOTAL REVENUE $892,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,018

Fundraising Expenses $0

Program Expenses $950,824

Other Expenses $937,618

TOTAL EXPENSES $955,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$892,227	$842,919	+0.1%
Expenses	$955,636	$788,456	+0.2%
Net Income	$-63,409	$54,463	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMEST HOAR	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MCCARTHY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MURPHY	CHAIR PERSON	2.00	Officer Director	$0	$0	$0
LAWRENCE NAPOLITANO	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD PEDRINI	DIRECTOR	2.00	Director	$0	$0	$0
GARY QUITADAMO	TREASURER/SE	2.00	Officer Director	$0	$0	$0
JEN SATTLER-MURPHY	DIRECTOR	2.00	Director	$0	$0	$0
JOE VIERA	DIRECTOR	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	$892,227	$955,636	$1,645,577	$-63,409
2022	$851,838	$738,456	$1,252,930	$113,382

MASSACHUSETTS POLICE ASSOCIATION LEGAL DEFENSE FUND INC