WALTHAM POLICE PATROLMAN'S UNION (EIN 900336984) - 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

1905

Legal Domicile

Principal Officer

ELIZABETH FLEMING

Phone

7813143600

Tax Period

2025-01-01 to 2025-12-31

WALTHAM POLICE PATROLMAN'S UNION, founded in 1905, is a small nonprofit that reported $149K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year.

Mission

FINANCIAL ASSISTANCE IS PROVIDED TO POLICE OFFICERS AND THEIR FAMILIES WHO HAVE BECOME INJURED, UNABLE TO WORK, OR DECEASED. FUNDS ARE ALSO USED TO PROVIDE SCHOLARSHIPS TO LOCAL HIGH SCHOOL STUDENTS, THE FUNDING OF LOCAL POLICE COALITIONS AND THE EDUCATION OF FELLOW OFFICERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $141,953

Program Service Revenue $6,378

Investment Income $0

Other Revenue $1,142

TOTAL REVENUE $149,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,297

Other Expenses $149,300

TOTAL EXPENSES $149,300

Year-over-Year Comparison

	2025	2024	Change
Revenue	$149,473	$184,509	-0.2%
Expenses	$149,300	$161,816	-0.1%
Net Income	$173	$22,693	-1.0%

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

N/A

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
GERARD CORBETT	PRESIDENT	0.50	Director	$0	$0	$0
JORGE ORTA	VICE PRESIDENT	0.50	Director	$0	$0	$0
DOUG BIBBO	ASST. SECRETARY	0.50	Director	$0	$0	$0
HARRY MICHEL	SECRETARY	0.50	Director	$0	$0	$0
ELIZABETH FLEMING	TREASURER	2.50	Director	$0	$0	$0
NATALINO MELE	ASST. TREASURER	0.50	Director	$0	$0	$0
SCOTT HOVSEPIAN	DIRECTOR/ADVISOR	0.50	Director	$0	$0	$0
MARK DE BERNARDI	DIRECTOR/ASSOCIATE	0.50	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
2025	$149,473	$149,300	$107,961	$173
2024	$184,509	$161,816	$107,788	$22,693
2023	$167,418	$171,418	$85,095	$-4,000
2022	$154,947	$165,931	$89,095	$-10,984
2021	$174,318	$143,312	$100,079	$31,006
2020	$148,483	$128,607	$69,073	$19,876
2019	$171,289	$159,955	$49,197	$11,334
2018	$189,001	$180,650	$37,863	$8,351

WALTHAM POLICE PATROLMAN'S UNION