WORCESTER FIRE FIGHTERS ASSOCIATION LOCAL 1009 IAFF INC (EIN 046113356) - 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

1940

Legal Domicile

Principal Officer

MICHAEL BAER

Phone

5088310519

Tax Period

2023-01-01 to 2023-12-31

WORCESTER FIRE FIGHTERS ASSOCIATION LOCAL 1009 IAFF INC, founded in 1940, is a small nonprofit that reported $567K in total revenue in fiscal year 2023. Expenses of $493K left a modest 13% surplus.

Mission

TO ORGANIZE ALL FIREFIGHTERS TO SECURE JUST COMPENSATION, PROMOTE REASONABLE WORK CONDITIONS, ELEVATE SKILLS AND CULTIVATE FRIENDSHIP AMONG 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 $1,366

Program Service Revenue $530,497

Investment Income $-127

Other Revenue $35,533

TOTAL REVENUE $567,269

Expense Breakdown

Grants Paid $27,706

Salaries & Benefits $45,526

Fundraising Expenses $0

Program Expenses $458,109

Other Expenses $388,598

TOTAL EXPENSES $493,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,269	$533,819	+0.1%
Expenses	$493,043	$430,883	+0.1%
Net Income	$74,226	$102,936	-0.3%

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

$41,057

Total Directors

$652

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK CHVIRUK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN KELLEY	DIRECTOR	1.00	Director	$652	$0	$652
THOMAS VALENTINE	DIRECTOR	1.00	Director	$0	$0	$0
MALKI VELEZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN M DWYER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN W DWYER	PRESIDENT	20.00	Officer	$19,203	$0	$19,203
WILLIAM MOSLEY	VICE PRESIDENT	20.00	Officer	$9,854	$0	$9,854
MICHAEL BAER	SECRETARY/TREASURER	20.00	Officer	$12,000	$0	$12,000

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	$567,269	$493,043	$1,047,295	$74,226
2022	$533,819	$430,883	$960,987	$102,936
2021	$509,123	$389,074	$833,183	$120,049
2020	$498,558	$353,801	$713,134	$144,757
2019	$531,297	$412,506	$568,377	$118,791
2018	$520,292	$349,394	$887,599	$170,898

WORCESTER FIRE FIGHTERS ASSOCIATION LOCAL 1009 IAFF INC