PORTLAND FIREFIGHTERS UNION LOCAL 740 (EIN 016011483) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1942

Legal Domicile

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

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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%)

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$101,174

Total Directors

$121,981

Key Employees

Highest Compensated

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

PORTLAND FIREFIGHTERS UNION LOCAL 740