Port Authority Pba Welfare Fund
Nonprofit profile at a glance
- EIN
- 223644482
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Englewood Cliffs, NJ, USA
- Phone
- 2018712100
- Rating confidence
- Limited
- Sector
- Voluntary Employees Beneficiary Associations (Government)
Reported finances
- Revenue
- $2,450,893
- Expenses
- $930,793
- Assets
- $16,108,039
- Liabilities
- $40,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- FRANK CONTI (TRUSTEE/PRESIDENT)
Highest reported compensation
- FRANK CONTI (TRUSTEE/PRESIDENT): $73,017 total reported compensation
- STEVE EKIZIAN (TRUSTEE/TREASURER): $59,433 total reported compensation
- JOHN MOHRMAN (TRUSTEE): $10,400 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The welfare fund was created to provide medical, dental, optical, legal, death, and other benefits to the port authority p.b.a. Membership.
What it reported doing in 2024
To provide medical, dental, optical, legal, death, and other benefits to the port authority police pba membership.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 5
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 1 of 9 controls in place; rating input score 11
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 62%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 17.31; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 5.5% per year; rating input score 100; 42nd percentile among comparable filings
- Revenue growth: 2.8% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 5.7% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 0 of 7 board members independent · 1 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $73K · 7 people listed
- Consistency: 13 of 13 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Accountability: Governance controls: 7 of 8 not reported.