RICHMOND POLICE OFFICERS ASSOCIATION (EIN 942231809) - 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

1974

Legal Domicile

Principal Officer

KHOA NGUYEN

Phone

5106206629

Tax Period

2023-01-01 to 2023-12-31

RICHMOND POLICE OFFICERS ASSOCIATION, founded in 1974, is a small nonprofit that reported $357K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $306K left a modest 14% surplus.

Mission

TO REPRESENT THE POLICE OFFICERS OF RICHMOND IN NEGOTIATIONS WITH THE CITY OF RICHMOND REGARDING WORKING CONDITIONS, WAGES, BENEFITS, AND TO SERVE AS A CONDUIT FOR THE PAYMENT OF THE BENEFIT EXPENSE.

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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 $98,022

Investment Income $5

Other Revenue $258,867

TOTAL REVENUE $356,894

Expense Breakdown

Grants Paid $7,164

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $298,405

TOTAL EXPENSES $305,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,894	$427,085	-0.2%
Expenses	$305,569	$406,177	-0.2%
Net Income	$51,325	$20,908	+1.5%

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
ALEX CAINE	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW DOMENICI	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
ENRIK MELGOZA	DIRECTOR	N/A	Director	$0	$0	$0
DON NELSON	SECRETARY	N/A	Officer Director	$0	$0	$0
KHOA NGUYEN	TREASURER	N/A	Officer Director	$0	$0	$0
BENJAMIN THERRIAULT	PRESIDENT	N/A	Officer 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	No data	No data	No data	No data
2023	$356,894	$305,569	$149,127	$51,325
2022	$427,085	$406,177	$156,252	$20,908
2021	$553,452	$453,019	$212,219	$100,433
2020	$554,696	$448,889	$149,611	$105,807
2019	$608,108	$595,833	$125,154	$12,275
2018	$556,303	$475,772	$155,479	$80,531

RICHMOND POLICE OFFICERS ASSOCIATION