Woodbridge Police Supervisory Officers Association Inc

Nonprofit profile at a glance

EIN
223475808
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Woodbridge, NJ, USA
Phone
7326347700
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Labor Unions

Reported finances

Revenue
$67,520
Expenses
$60,390
Assets
$95,192
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • DANIEL PEROVIC (PRESIDENT)
  • BRIAN MCMILLEN (VICE PRESIDENT)

Highest reported compensation

  • DANIEL PEROVIC (PRESIDENT): $5,000 total reported compensation
  • BRIAN MCMILLEN (VICE PRESIDENT): $2,500 total reported compensation
  • JOSEPH VELEZ (RECORDING SECRETARY): $1,875 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Providing services to members

What it reported doing in 2024

To provide members with benefits including employment representation, welfare, and legal protection plan

Operating model

Revenue model
Membership-supported. 81% of the money available for current operations came from membership dues.
Distribution model
Hybrid. The nonprofit split its reported program spending across 59% for direct work, and 41% for member benefits.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 82
  • Accountability: 72
  • Sustainability: 50
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.6%; rating input score 86
  • Program expense ratio: 95.7%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th 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: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 10.6%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 1.58; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 18.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 2.2% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 16.6% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 85.6% of revenue deployed · 95.7% of spending went to programs
  • Governance: 47 of 47 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $58K in reported program spending
  • Leadership: top reported pay $5K · 8 people listed
  • Consistency: 19 of 20 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 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.

  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.