INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LOCAL 850

EIN: 056015707

EAST PROVIDENCE, RI

Total Revenue
$218,071
Total Expenses
$230,681
Total Assets
$121,321
Net Assets
$120,881
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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

Legal Domicile
RI
Principal Officer
DAVID DAFONSEC
Phone
4016407010
Tax Period
2024-01-01 to 2024-12-31

INTERNATIONAL ASSOCIATION OF FIRE FIGHTERS LOCAL 850 is a small nonprofit that reported $218K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

LABOR UNION

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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 (2024)

Revenue Breakdown

Contributions & Grants $107,960
Program Service Revenue $112,227
Investment Income $127
Other Revenue $-2,243
TOTAL REVENUE $218,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $21,908
Fundraising Expenses $4,294
Other Expenses $109,949
TOTAL EXPENSES $230,681

Year-over-Year Comparison

2024 2023 Change
Revenue $218,071 $231,653 -0.1%
Expenses $230,681 $221,000 +0.0%
Net Income $-12,610 $10,653 -2.2%
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

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
50
Independent Members
50
Employees
3
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DAFONSEC PRESIDENT 10.00
Officer
$0 $0 $0
KENNETH LEDO VICE PRESIDE 10.00
Officer
$0 $0 $0
MICHAEL NASSO TREASURER 10.00
Officer
$0 $0 $0
CHARLES SCOT SECRETARY 10.00
Officer
$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 $218,071 $230,681 $121,321 $-12,610
2023 $231,653 $221,000 $134,295 $10,653
2022 $205,977 $235,542 $122,882 $-29,565
2021 $208,940 $188,823 $152,258 $20,117
2020 $155,821 $152,741 $132,101 $3,080
2019 $174,921 $187,241 $129,112 $-12,320
2018 $185,661 $200,114 $141,203 $-14,453
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