IAFF Local 76 Somerville (EIN 046072421) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1959

Legal Domicile

Principal Officer

Robert Hodnett

Phone

6172832263

Tax Period

2024-01-01 to 2024-12-31

IAFF Local 76 Somerville, founded in 1959, is a small nonprofit that reported $277K in total revenue in fiscal year 2024.

Mission

Support Fire Fighters in Somerville, MA through equitable and fair treatment in regard to compensation, settlement of grievances and safe working conditions. Activities include membership in state national org.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,900

Program Service Revenue $250,080

Investment Income $3,443

Other Revenue $13,988

TOTAL REVENUE $277,411

Expense Breakdown

Grants Paid $5,954

Salaries & Benefits $50,383

Fundraising Expenses $0

Program Expenses $281,728

Other Expenses $174,975

TOTAL EXPENSES $291,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$277,411	$262,257	+0.1%
Expenses	$291,055	$290,059	+0.0%
Net Income	$-13,644	$-27,802	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

N/A

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

$37,993

Total Directors

$37,993

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Jefferson	President	020.00	Officer Director	$22,348	$0	$22,348
Robert Hodnett	Secretary/Treasurer	020.00	Officer Director	$8,940	$0	$8,940
Jason Kenney	Vice President	020.00	Officer Director	$6,705	$0	$6,705
Ray Busi	Board Member	002.00	Director	$0	$0	$0
Scott Breen	Board Member	002.00	Director	$0	$0	$0
Barry Hamilton	Board Member	002.00	Director	$0	$0	$0
Matthew Sullivan	Board Member	002.00	Director	$0	$0	$0
Thomas Kelly	Board Member	002.00	Director	$0	$0	$0
James Piiwinski	Board Member	002.00	Director	$0	$0	$0
Paul Dickie	Board Member	002.00	Director	$0	$0	$0
Thomas Ross	Board Member	002.00	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	$277,411	$291,055	$189,537	$-13,644
2023	$262,257	$290,059	$205,323	$-27,802
2022	$259,094	$259,128	$232,198	$-34
2021	$254,119	$248,816	$233,419	$5,303
2020	$260,143	$210,488	$225,225	$49,655
2019	$310,671	$261,781	$174,190	$48,890
2018	$222,554	$282,163	$125,420	$-59,609

IAFF Local 76 Somerville