ANDOVER FIREMAN'S RELIEF ASSOCIATION (EIN 046044585) - 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

1917

Legal Domicile

Principal Officer

RICHARD KRAFTON

Phone

9784751220

Tax Period

2023-01-01 to 2023-12-31

ANDOVER FIREMAN'S RELIEF ASSOCIATION, founded in 1917, is a micro nonprofit that reported $55K in total revenue in fiscal year 2023. The organization ran a surplus of $17K, a strong 30% operating margin.

Mission

TO PROVIDE A RETIREMENT/DEATH BENEFIT TO MEMBERS.

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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 $5,340

Program Service Revenue $0

Investment Income $38,515

Other Revenue $11,449

TOTAL REVENUE $55,304

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,250

Fundraising Expenses $500

Program Expenses $9,200

Other Expenses $22,063

TOTAL EXPENSES $38,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,304	$54,381	+0.0%
Expenses	$38,513	$23,298	+0.7%
Net Income	$16,791	$31,083	-0.5%

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

N/A

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

$4,750

Total Directors

$3,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD KRAFTON	PRESIDENT	2.00	Officer	$1,500	$0	$1,500
CHRISTINE WRIGHT	TREASURER	2.00	Officer	$1,500	$0	$1,500
BRIAN FLANAGAN	DIRECTOR	N/A	Director	$1,000	$0	$1,000
MICHAEL GIAMMASI	ASSIST TREAS	N/A	Officer Director	$750	$0	$750
JON BOOTH	SECRETARY	N/A	Officer	$750	$0	$750
MATTHEW BEIRNE	DIRECTOR	N/A	Director	$500	$0	$500
MICHAEL UTTLEY	DIRECTOR	N/A	Director	$500	$0	$500
SCOTT WEIGHTMAN	DIRECTOR	N/A	Director	$500	$0	$500
TODD RICHARDSON	VICE PRESIDE	N/A	Officer	$250	$0	$250

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	$55,304	$38,513	$1,012,553	$16,791
2022	$54,381	$23,298	$997,218	$31,083
2021	$144,217	$75,093	$964,679	$69,124
2020	$153,339	$34,056	$838,207	$119,283
2019	$130,976	$29,423	$718,924	$101,553
2018	$-35,079	$25,604	$617,371	$-60,683

ANDOVER FIREMAN'S RELIEF ASSOCIATION