SALT LAKE POLICE ASSOCIATION (EIN 870417447) - 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

1984

Legal Domicile

Phone

8015960354

Tax Period

2023-01-01 to 2023-12-31

SALT LAKE POLICE ASSOCIATION, founded in 1984, is a small nonprofit in the Employment sector that reported $283K in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 31% operating margin.

Mission

WE ARE AN INDEPENDENT UNION SERVING AS THE EXCLUSIVE BARGAINING AGENT FOR THE OFFICERS. (SEE SCHEDULE O)

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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 $0

Program Service Revenue $243,050

Investment Income $40,133

Other Revenue $0

TOTAL REVENUE $283,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,645

Fundraising Expenses $0

Program Expenses $0

Other Expenses $116,025

TOTAL EXPENSES $195,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$283,183	$183,610	+0.5%
Expenses	$195,946	$88,643	+1.2%
Net Income	$87,237	$94,967	-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

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

$43,400

Total Directors

$43,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TREASURER	5.0	Officer Director	$5,000	$0	$5,000
N/A	VICE PRESIDENT	5.0	Officer Director	$14,400	$0	$14,400
N/A	SECRETARY	3.0	Officer Director	$6,000	$0	$6,000
N/A	PRESIDENT	15.0	Officer Director	$18,000	$0	$18,000

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	$283,183	$195,946	$996,230	$87,237
2022	$183,610	$88,643	$907,914	$94,967
2021	$194,716	$221,481	$864,748	$-26,765
2020	$192,754	$119,421	$891,185	$73,333
2019	$179,909	$103,213	$802,658	$76,696
2018	$182,570	$133,108	$682,379	$49,462

SALT LAKE POLICE ASSOCIATION