INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LO866 WALTHAM

EIN: 046143965

WALTHAM, MA

Total Revenue
$378,750
Total Expenses
$319,350
Total Assets
$327,618
Net Assets
$327,543
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
MA
Principal Officer
Ismael J Torres
Phone
7816470866
Tax Period
2025-01-01 to 2025-12-31

INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LO866 WALTHAM, founded in 1946, is a small nonprofit that reported $379K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $59K, a strong 16% operating margin.

Mission

To promote general welfare of membership and assist Not-for-Profit organizations. The membership consist of members and former members of the City of Waltham Massachsetts Fire Department.

Program Service Accomplishments

Program 1

To promote the general welfare of its membership and assist not-for-profit organizations. Its membership consist of past and present members of the Waltham Fire Department. Most Charitable...

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To promote the general welfare of its membership and assist not-for-profit organizations. Its membership consist of past and present members of the Waltham Fire Department. Most Charitable organizations have strong ties to Fire Departments or the City of Waltham.

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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 (2025)

Revenue Breakdown

Contributions & Grants $334,820
Program Service Revenue $0
Investment Income $11,551
Other Revenue $32,379
TOTAL REVENUE $378,750

Expense Breakdown

Grants Paid $12,689
Salaries & Benefits $24,047
Fundraising Expenses $0
Other Expenses $176,056
TOTAL EXPENSES $319,350

Year-over-Year Comparison

2025 2024 Change
Revenue $378,750 $344,722 +0.1%
Expenses $319,350 $293,440 +0.1%
Net Income $59,400 $51,282 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
13
Employees
5
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
$22,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeffrey W Ciccone President 20.00
Officer
$7,500 $0 $7,500
Paul Quaranto Vice President 20.00
Officer
$0 $0 $0
Ismael J Torres Treasurer 20.00
Officer
$8,000 $0 $8,000
James J Perry Board Member 20.00
Officer
$6,500 $0 $6,500
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
2025 $378,750 $319,350 $327,618 $59,400
2024 No data No data No data No data
2023 $307,564 $322,389 $224,851 $-14,825
2022 $297,608 $339,839 $235,040 $-42,231
2021 $317,673 $313,336 $276,741 $4,337
2020 $343,700 $311,437 $271,333 $32,263
2019 $330,596 $267,303 $238,761 $63,293
2018 $289,129 $275,500 $178,238 $13,629
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