Police Officers Association Of Michigan Inc Veba
Police Officers Association Of Michigan Inc Veba consistently grows assets with zero reported officer compensation.
EIN: 208587844 · Redford, MI · NTEE: Y43 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $131K |
| Program Spending | 80% |
| Net Assets | $3.8M |
| Transparency Score | 85/100 |
Is Police Officers Association Of Michigan Inc Veba Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Police Officers Association Of Michigan Inc Veba directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Police Officers Association Of Michigan Inc Veba
Police Officers Association Of Michigan Inc Veba (EIN: 208587844) is a nonprofit organization based in Redford, MI, classified under NTEE code Y43. The organization reported total revenue of $1.1M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Police Officers Association Of Michigan Inc Veba's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Police Officers Association Of Michigan Inc Veba is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $191K |
| Total Expenses | $131K |
| Surplus / Deficit | +$60K |
| Total Assets | $3.8M |
| Net Assets | $3.8M |
| Operating Margin | 31.4% |
| Months of Reserves | 348.1 months |
Financial Health Grade: A
In 2023, Police Officers Association Of Michigan Inc Veba reported a surplus of $60K with revenue exceeding expenses, holds 348.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Police Officers Association Of Michigan Inc Veba's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +99.2% | +145.9% | +8.3% |
| 2022 | -50.8% | -53.7% | -11.3% |
| 2021 | +22.8% | +29.1% | +2.3% |
| 2020 | -39.1% | -28.3% | +7.4% |
| 2019 | +103.3% | +38.8% | +16.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Police Officers Association Of Michigan Inc Veba with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Police Officers Association Of Michigan Inc Veba allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $60K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation on the 990, which is a strong positive for minimizing administrative overhead.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Police Officers Association Of Michigan Inc Veba's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data
Strengths
The following positive indicators were identified for Police Officers Association Of Michigan Inc Veba:
- Consistent asset growth, reaching $4,094,842
- Zero reported officer compensation across all filings
- Very low to zero liabilities, indicating strong financial health
- Consistent positive net income, contributing to reserves
Frequently Asked Questions about Police Officers Association Of Michigan Inc Veba
Is Police Officers Association Of Michigan Inc Veba a legitimate charity?
Based on AI analysis of IRS 990 filings, Police Officers Association Of Michigan Inc Veba (EIN: 208587844) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Police Officers Association Of Michigan Inc Veba spend its money?
Police Officers Association Of Michigan Inc Veba directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Police Officers Association Of Michigan Inc Veba tax-deductible?
Police Officers Association Of Michigan Inc Veba is registered as a tax-exempt nonprofit (EIN: 208587844). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Police Officers Association Of Michigan Inc Veba's spending goes to programs?
Police Officers Association Of Michigan Inc Veba directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Police Officers Association Of Michigan Inc Veba compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Police Officers Association Of Michigan Inc Veba is above average for NTEE category Y43 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Police Officers Association Of Michigan Inc Veba located?
Police Officers Association Of Michigan Inc Veba is headquartered in Redford, Michigan and files with the IRS under EIN 208587844. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Police Officers Association Of Michigan Inc Veba have?
Police Officers Association Of Michigan Inc Veba has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Is Police Officers Association Of Michigan Inc Veba a good charity?
Based on the available data, the organization appears to be financially stable with consistent asset growth and no reported officer compensation, suggesting efficient use of funds. However, a detailed breakdown of program vs. administrative expenses would provide a clearer picture of its charitable impact.
How does the organization manage its liabilities?
The organization consistently reports very low or zero liabilities across all filings (e.g., $0 in 2023, 2022, 2021), indicating strong financial health and responsible debt management.
What is the trend in the organization's assets?
The organization shows a strong upward trend in assets, growing from $2,947,276 in 2014 to $4,094,842 currently, demonstrating effective long-term financial management and accumulation of resources.
Filing History
IRS 990 filing history for Police Officers Association Of Michigan Inc Veba showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Police Officers Association Of Michigan Inc Veba's revenue has declined by 51.7%, moving from $396K to $191K. Total assets increased by 89.7% over the same period, from $2.0M to $3.8M. Total functional expenses rose by 179.9%, from $47K to $131K. In its most recent filing year (2023), Police Officers Association Of Michigan Inc Veba reported a surplus of $60K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $191K | $131K | $3.8M | $0 | — | — |
| 2022 | $96K | $53K | $3.5M | $0 | — | — |
| 2021 | $195K | $115K | $4.0M | $0 | — | View 990 |
| 2020 | $159K | $89K | $3.9M | $0 | — | — |
| 2019 | $261K | $125K | $3.6M | $150K | — | View 990 |
| 2018 | $128K | $90K | $3.1M | $263 | — | View 990 |
| 2017 | $190K | $85K | $3.3M | $0 | — | View 990 |
| 2016 | $110K | $106K | $3.0M | $0 | — | View 990 |
| 2015 | $131K | $79K | $2.9M | $0 | — | View 990 |
| 2014 | $160K | $77K | $2.9M | $3K | — | View 990 |
| 2013 | $252K | $76K | $2.8M | $8K | — | View 990 |
| 2012 | $589K | $78K | $2.5M | $0 | — | View 990 |
| 2011 | $396K | $47K | $2.0M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $191K, expenses of $131K, and assets of $3.8M (revenue +99.2% year-over-year).
- 2022: Revenue of $96K, expenses of $53K, and assets of $3.5M (revenue -50.8% year-over-year).
- 2021: Revenue of $195K, expenses of $115K, and assets of $4.0M (revenue +22.8% year-over-year).
- 2020: Revenue of $159K, expenses of $89K, and assets of $3.9M (revenue -39.1% year-over-year).
- 2019: Revenue of $261K, expenses of $125K, and assets of $3.6M (revenue +103.3% year-over-year).
- 2018: Revenue of $128K, expenses of $90K, and assets of $3.1M (revenue -32.4% year-over-year).
- 2017: Revenue of $190K, expenses of $85K, and assets of $3.3M (revenue +73.2% year-over-year).
- 2016: Revenue of $110K, expenses of $106K, and assets of $3.0M (revenue -16.5% year-over-year).
- 2015: Revenue of $131K, expenses of $79K, and assets of $2.9M (revenue -17.8% year-over-year).
- 2014: Revenue of $160K, expenses of $77K, and assets of $2.9M (revenue -36.6% year-over-year).
- 2013: Revenue of $252K, expenses of $76K, and assets of $2.8M (revenue -57.2% year-over-year).
- 2012: Revenue of $589K, expenses of $78K, and assets of $2.5M (revenue +48.8% year-over-year).
- 2011: Revenue of $396K, expenses of $47K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Police Officers Association Of Michigan Inc Veba:
Data Sources and Methodology
This transparency report for Police Officers Association Of Michigan Inc Veba is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.