NEW BEDFORD FIRE FIGHTERS ASSOCIATION LOCAL 841 (EIN 046112316) - 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

1945

Legal Domicile

Principal Officer

WILLIAM SYLVIA

Phone

5089960225

Tax Period

2023-01-01 to 2023-12-31

NEW BEDFORD FIRE FIGHTERS ASSOCIATION LOCAL 841, founded in 1945, is a small nonprofit that reported $420K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

ESTABLISHED FOR THE BETTERMENT OF THE MEMBERS OF THE NEW BEDFORD, MA FIRE DEPARTMENT

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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 $144,889

Program Service Revenue $423,353

Investment Income $34

Other Revenue $-148,113

TOTAL REVENUE $420,163

Expense Breakdown

Grants Paid $1,150

Salaries & Benefits $35,207

Fundraising Expenses $0

Other Expenses $214,143

TOTAL EXPENSES $450,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$420,163	$455,753	-0.1%
Expenses	$450,540	$418,110	+0.1%
Net Income	$-30,377	$37,643	-1.8%

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

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

$38,349

Total Directors

$38,349

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM SYLVIA	PRESIDENT	7.50	Officer Director	$16,184	$0	$16,184
DEREK DACOSTA	TREASURER	2.50	Officer Director	$8,525	$0	$8,525
ARTHUR MELLO	SECRETARY	2.50	Officer Director	$6,820	$0	$6,820
KEVIN CORMIER	VICE PRESIDENT	2.50	Officer Director	$6,820	$0	$6,820

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	No data	No data	No data	No data
2023	$420,163	$450,540	$228,487	$-30,377
2022	$455,753	$418,110	$249,914	$37,643
2021	$430,758	$424,093	$212,746	$6,665
2020	$425,914	$367,930	$201,709	$57,984
2019	$419,800	$402,837	$151,592	$16,963
2018	$422,708	$422,291	$128,471	$417

NEW BEDFORD FIRE FIGHTERS ASSOCIATION LOCAL 841