Silver Shield Association Inc

Nonprofit profile at a glance

EIN
061009211
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Greenwich, CT, USA
Phone
2038692380
Rating
56
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$404,384
Expenses
$300,184
Assets
$1,036,899
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • PETER SCHMITT (PRESIDENT)

Highest reported compensation

  • MARC JASON LEVY (TREASURER): $11,097 total reported compensation
  • PETER SCHMITT (PRESIDENT): $9,248 total reported compensation
  • JOHN BROWNE (FORMER PRESI): $9,248 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization primary purpose is to provide assistance to its members in time of need, to create close bonds among its members and provide professional police services to the entire community. In addition, the organization strives for higher standards of work performance, enhances the professional abilities of the members and improves working conditions.

What it reported doing in 2023

Member benefits: this program was established to exclusively assist the members and their families in supplementing growing unreimbursed health and dental/vision expenses incurred; in addition, to provide life insurance benefits as well as assist with labor related and legal services.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 49% for direct work, and 51% for member benefits.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of voting board members are independent and a relatively small share of available resources goes toward mission work.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 92
  • Accountability: 9
  • Sustainability: 71
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.9%; rating input score 49
  • Program expense ratio: 62.1%; rating input score 62
  • Fundraising efficiency: $41.44 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

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: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • 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: Pass

Sustainability

  • Operating margin: 25.8%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 3.45; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 16.3%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: -11.7% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -3% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: 14.5% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 48.9% of revenue deployed · 62.1% of spending went to programs
  • Governance: 0 of 13 board members independent · 2 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $186K in reported program spending
  • Leadership: top reported pay $11K · 9 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 13 filing years from 2011 to 2023
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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.
  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.