Henderson Police Officers' Associa… - Form 990 Financial Data

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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

1977

Legal Domicile

Principal Officer

Shawn Thibeault

Phone

7022574762

Tax Period

2024-01-01 to 2024-12-31

Henderson Police Officers' Association, founded in 1977, is a small nonprofit that reported $581K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $511K left a modest 12% surplus.

Mission

To promote, protect and improve the working conditions for members who are Henderson, Nevada police officers and to provide direct assistance to members in need when necessary.

Program Service Accomplishments

Program 1

Protection, promotion and legal representation for members. Provide direct assistance to members when in need.

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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 $524,947

Investment Income $26,659

Other Revenue $29,084

TOTAL REVENUE $580,690

Expense Breakdown

Grants Paid $4,730

Salaries & Benefits $35,700

Fundraising Expenses $0

Other Expenses $435,597

TOTAL EXPENSES $510,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$580,690	$530,917	+0.1%
Expenses	$510,703	$447,212	+0.1%
Net Income	$69,987	$83,705	-0.2%

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

$18,000

Total Directors

$35,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marc Smith	Treasurer	2.00	Officer Director	$6,000	$0	$6,000
Michael Openshaw	Secretary	2.00	Officer Director	$6,000	$0	$6,000
Michael Goodwin	VP	2.00	Officer Director	$6,000	$0	$6,000
Luke Good	Trustee	2.00	Director	$3,600	$0	$3,600
Daniel Nerbonne	Trustee	2.00	Director	$3,600	$0	$3,600
Jessica Veit	Trustee	2.00	Director	$3,300	$0	$3,300
Shawn Thibeault	President	2.00	Officer Director	$0	$0	$0
Michael Page	Trustee	2.00	Director	$3,600	$0	$3,600
Nickolas Papacs	Trustee	2.00	Director	$3,600	$0	$3,600

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	$580,690	$510,703	$1,401,975	$69,987
2023	$530,917	$447,212	$1,339,787	$83,705
2022	$475,997	$437,514	$1,248,061	$38,483
2021	$479,198	$447,980	$1,304,168	$31,218
2020	$429,951	$360,707	$1,265,825	$69,244
2019	$415,902	$336,147	$1,208,810	$79,755
2018	$457,317	$386,950	$1,091,702	$70,367

Henderson Police Officers' Association