PORTLAND FIREFIGHTERS UNION LOCAL 740

EIN: 016011483

PORTLAND, ME

Total Revenue
$312,543
Total Expenses
$328,403
Total Assets
$180,080
Net Assets
$180,080
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1942
Legal Domicile
ME
Principal Officer
CHRISTOPHER THOMSON
Phone
2077568375
Tax Period
2023-01-01 to 2023-12-31

PORTLAND FIREFIGHTERS UNION LOCAL 740, founded in 1942, is a small nonprofit that reported $313K in total revenue in fiscal year 2023.

Mission

TO ORGANIZE ALL MEMBERS OF THE PORTLAND FIRE DEPARTMENT AND THE CITYS COMMUNICATIONS/ELECTRICAL DIVISIONS TO SECURE AND MAINTAIN PROPER RENUMERATION FOR DUTIES PERFORMED

Program Service Accomplishments

Program 1

PROVIDE TO MEMBERS ACCIDENTAL & DENTAL INSURANCE, SPORTS ACTIVITIES, FITNESS EQUIPMENT AT FIRE HOUSE, AWARDS, CEREMONIES AND FUNERALS.

Program 2

PAYMENTS TO NATIONAL AND STATE AFFILIATES.

Program 3

SUPPORT OF MEMBERS IN LABOR NEGOTIATIONS, ARBITRATION, AND GRIEVANCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $83,782
Program Service Revenue $227,687
Investment Income $1,074
Other Revenue $0
TOTAL REVENUE $312,543

Expense Breakdown

Grants Paid $7,925
Salaries & Benefits $132,062
Fundraising Expenses $56,265
Other Expenses $105,745
TOTAL EXPENSES $328,403

Year-over-Year Comparison

2023 2022 Change
Revenue $312,543 $294,957 +0.1%
Expenses $328,403 $289,715 +0.1%
Net Income $-15,860 $5,242 -4.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
10
Volunteers
12

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$101,174
Total Directors
12
$121,981
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHAN ELMORE PRESIDENT & CEO 40.00
Officer Director
$40,098 $0 $40,098
CLAYTON COPP VICE PRESIDENT 40.00
Officer Director
$31,188 $0 $31,188
CAROLINE ST PIERRE SECRETARY TREASURER 40.00
Officer Director
$29,888 $0 $29,888
TOM LAFFERTY DIRECTOR 2.00
Director
$4,420 $0 $4,420
NATHANIEL SPARLING DIRECTOR 2.00
Director
$5,720 $0 $5,720
NATHAN ASDOURIAN DIRECTOR 2.00
Director
$3,822 $0 $3,822
SPENCER BAILEY DIRECTOR 2.00
Director
$450 $0 $450
EVAN KLEENE DIRECTOR 2.00
Director
$5,720 $0 $5,720
STEVEN NASTA DIRECTOR 2.00
Director
$225 $0 $225
ANDREW JOHNSTON DIRECTOR 2.00
Director
$0 $0 $0
TORRIN HULTS DIRECTOR 2.00
Director
$0 $0 $0
CHRIS CARTER DIRECTOR 2.00
Director
$450 $0 $450
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $312,543 $328,403 $180,080 $-15,860
2022 $294,957 $289,715 $195,940 $5,242
2021 $344,019 $402,820 $191,638 $-58,801
2020 $303,789 $307,172 $285,262 $-3,383
2019 $329,381 $308,136 $275,427 $21,245
2018 $336,490 $280,359 $234,571 $56,131
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