CHARITABLE ASSOCIATION OF THE BOSTON FIRE DEPARTMENT (EIN 041168775) - 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

1830

Legal Domicile

Principal Officer

KEVIN F MEEHAN

Phone

6172882100

Tax Period

2024-01-01 to 2024-12-31

CHARITABLE ASSOCIATION OF THE BOSTON FIRE DEPARTMENT, founded in 1830, is a small nonprofit that reported $158K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $98K, a strong 62% operating margin.

Mission

TO PROVIDE RELIEF TO SUCH OF THEIR MEMBERS AS MAY AT ANY TIME BECOME SICK OR INCAPACITATED AND NOT RECEIVING THEIR SALARY AS MEMBERS OF THE FIRE FIGHTING FORCE OF THE BOSTON FIRE DEPARTMENT OR THE BOSTON PROTECTIVE DEPARTMENT, OR TO THEIR FAMILIES, IN THE EVENT OF THEIR DECEASE, AND FOR MEMBERS AND THEIR FAMILIES REQUIRING ASSISTANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $26,580

Program Service Revenue $0

Investment Income $77,506

Other Revenue $53,621

TOTAL REVENUE $157,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,883

Fundraising Expenses $0

Program Expenses $44,549

Other Expenses $27,747

TOTAL EXPENSES $59,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,707	$217,727	-0.3%
Expenses	$59,730	$114,855	-0.5%
Net Income	$97,977	$102,872	0.0%

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

N/A

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

$2,500

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN F MEEHAN	TREASURER	2.00	Officer Director	$700	$0	$700
JAMES FEENEY	SECRETARY	2.00	Officer Director	$600	$0	$600
STEPHEN MORTLOCK	VICE PRESIDE	2.00	Officer Director	$600	$0	$600
CHARLES PAPINEAU	PRESIDENT	2.00	Officer Director	$600	$0	$600
WILLIAM CAREY	DIRECTOR	N/A	Director	$0	$0	$0
PAUL FINN	DIRECTOR	N/A	Director	$0	$0	$0
LEO P HUGHES	DIRECTOR	N/A	Director	$0	$0	$0
ARTHUR JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
DAVID C JOHNSON	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD KELLY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN KELLY	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK MACAULEY	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH MINEHAN	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM NELSON	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH QUINN	DIRECTOR	N/A	Director	$0	$0	$0
MARK SANDERS	DIRECTOR	N/A	Director	$0	$0	$0

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
2024	$157,707	$59,730	$1,462,503	$97,977
2023	$217,727	$114,855	$1,361,227	$102,872
2022	$71,387	$215,190	$1,258,355	$-143,803
2021	$170,375	$48,643	$1,402,158	$121,732
2020	$121,797	$39,778	$1,281,426	$82,019
2019	$165,092	$40,724	$1,199,407	$124,368
2018	$12,401	$47,030	$1,075,039	$-34,629

CHARITABLE ASSOCIATION OF THE BOSTON FIRE DEPARTMENT