SALISBURY POLICE FOUNDATION (EIN 854361085) - 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

2020

Legal Domicile

Principal Officer

John Struzick

Phone

3363626674

Tax Period

2024-01-01 to 2024-12-31

SALISBURY POLICE FOUNDATION, founded in 2020, is a small nonprofit in the Public Safety sector that reported $249K in total revenue in fiscal year 2024. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $84K, a strong 34% operating margin.

Mission

To provide financial support to the Salisbury Police Department for needed materials and services not covered in the financial budget received from the City of Salisbury, North Carolina.

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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 $242,238

Program Service Revenue $0

Investment Income $6,919

Other Revenue $134

TOTAL REVENUE $249,291

Expense Breakdown

Grants Paid $133,082

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,470

Other Expenses $32,388

TOTAL EXPENSES $165,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,291	$99,520	+1.5%
Expenses	$165,470	$21,017	+6.9%
Net Income	$83,821	$78,503	+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

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
Seth Waller	Secretary	2	Director	$0	$0	$0
Tom Teichroew	Board Member	1	Director	$0	$0	$0
Brenda Wood	Board Member	2	Director	$0	$0	$0
John Struzick	President	3	Key Emp	$0	$0	$0
Jolene Philpott	Vice-President	2	Key Emp	$0	$0	$0
Karen Barbee	Treasurer	3	Key Emp	$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	$249,291	$165,470	$252,975	$83,821

SALISBURY POLICE FOUNDATION