IRVING POLICE ASSOCIATION BENEFITS INC
Mission Statement
My name is Travis Hammond, I am a past president for the Irving Police Association Benefit and tournament chair for our annual Texas Hold'em Tournament to raise money for Made2Thrive Special Olympics and other IPAB Charities. We are a 501(c)3 which we use to support sick, disabled and under privilege children in North Texas. We do this by hosting an annual golf tournament and annual Hold'em tournament which is why I am reaching out today. Our hold'em tournament is March 8th and we are in need of in kind donations to give as prizes for the tournament. I have attached a flier. We have people from throughout the community that attend this event. Last year for our 12th annual tournament we had 80 players! Each year it gets bigger and better. If you are able to help that would be wonderful, if not we would appreciate if you would pass our fliers around.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.3% | 86.8% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.1% | 9.1% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.6% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
18.8 mo | 122.4 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 94.5% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
8.4% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-51.6% | 0.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
42.6% | 7.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $103K | $59K | $93K | 94.3% | 0 |
| 2023 | $95K | $122K | $49K | 99.4% | 0 |
| 2022 | $85K | $38K | $76K | 95.8% | 0 |
| 2021 | $22K | $30K | N/A | — | 0 |
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