TACOMA POLICE UNION LOCAL 6 (EIN 910782853) - 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

1978

Legal Domicile

Phone

2532441840

Tax Period

2024-01-01 to 2024-12-31

TACOMA POLICE UNION LOCAL 6, founded in 1978, is a small nonprofit that reported $767K in total revenue in fiscal year 2024. Expenses of $681K left a modest 11% surplus.

Mission

To unite the employees of the Tacoma Police Department for their mutual welfare, protection and advancement. To work for the establishment and maintenance of fair wages, hours, working conditions and civil service classifications. To support, maintain and better the existing pension system for police officers of the State of Washington to foster and promote a better understanding between our union members and the public.

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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 $0

Program Service Revenue $508,510

Investment Income $26,598

Other Revenue $231,996

TOTAL REVENUE $767,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $133,653

Fundraising Expenses $0

Program Expenses $666,515

Other Expenses $547,734

TOTAL EXPENSES $681,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,104	$730,688	+0.0%
Expenses	$681,387	$690,646	0.0%
Net Income	$85,717	$40,042	+1.1%

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

$121,290

Total Directors

$121,290

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY BETTS	President	10.00	Officer Director	$33,087	$0	$33,087
STEVE THORTON	Secretary	10.00	Officer Director	$29,401	$0	$29,401
BRYCE CLOTHER	Treasurer	10.00	Officer Director	$29,401	$0	$29,401
RANDY FRISBIE	Vice President	10.00	Officer Director	$29,401	$0	$29,401

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	$767,104	$681,387	$1,332,332	$85,717
2023	$730,688	$690,646	$1,189,381	$40,042
2022	$646,795	$630,642	$1,113,321	$16,153
2021	$702,764	$694,468	$1,163,037	$8,296
2020	$748,103	$622,377	$1,119,506	$125,726
2019	$757,564	$681,359	$954,110	$76,205
2018	$727,416	$659,334	$855,054	$68,082

TACOMA POLICE UNION LOCAL 6