NEW BEDFORD FIRE FIGHTERS ASSOCIATION LOCAL 841

EIN: 046112316

NEW BEDFORD, MA

Total Revenue
$420,163
Total Expenses
$450,540
Total Assets
$228,487
Net Assets
$216,373
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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
MA
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

THE ORGANIZATION WAS ESTABLISHED FOR THE BETTERMENT OF THE MEMBERS OF THE NEW BEDFORD, MA FIRE DEPARTMENT. THE ORGANIZATION'S MISSION IS TO PROMOTE UNIONISM AMONGST ITS MEMBERS AND THROUGH COLLECTIVE BARGAINING SECURE BETTER WORKING CONDITIONS, WAGES AND SIMILAR BENEFITS.

Program Service Accomplishments

Program 1

LABOR ORGANIZATION - THE ORGANIZATION WAS ESTABLISHED FOR THE BETTERMENT OF THE MEMBERS OF THE NEW BEDFORD FIRE DEPARTMENT. THE ORGANIZATION PROVIDES LABOR NEGOTIATIONS, DENTAL BENEFITS, AND TRAINING...

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LABOR ORGANIZATION - THE ORGANIZATION WAS ESTABLISHED FOR THE BETTERMENT OF THE MEMBERS OF THE NEW BEDFORD FIRE DEPARTMENT. THE ORGANIZATION PROVIDES LABOR NEGOTIATIONS, DENTAL BENEFITS, AND TRAINING TO ITS 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%)

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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

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Governance

Voting Members
4
Independent Members
N/A
Employees
4
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
$38,349
Total Directors
4
$38,349
Key Employees
0
$0
Highest Compensated
0
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
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