AFDA INC ASHLAND FIRE DEPARTMENT ASSOCIATION (EIN 223208196) - 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

1992

Legal Domicile

Principal Officer

JOHN CREAN

Phone

5088810132

Tax Period

2022-08-01 to 2023-07-31

AFDA INC ASHLAND FIRE DEPARTMENT ASSOCIATION, founded in 1992, is a micro nonprofit that reported $11K in total revenue in fiscal year 2022. Revenue fell 194% from the prior year — a significant decline worth monitoring.

Mission

TO SUPPORT PERSONS FOR CIVIC, EDUCATIONAL, CHARITABLE AND BENEVOLENT CAUSES INCLUDING PROVIDING SCHOLARSHIPS TO STUDENTS, AIDING FAMILIES OF DECEASED OR INJURED FIREFIGHTERS AND PROVIDING TRAINING FACILITIES AND EQUIPMENT USEFUL TO THE FIRE DEPARTMENT, WHICH WOULD BENEFIT THE TOWN OF ASHLAND.

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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 (2022)

Revenue Breakdown

Contributions & Grants $307

Program Service Revenue $0

Investment Income $1,370

Other Revenue $-12,953

TOTAL REVENUE $-11,276

Expense Breakdown

Grants Paid $5,198

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,368

Other Expenses $14,799

TOTAL EXPENSES $19,997

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-11,276	$12,021	-1.9%
Expenses	$19,997	$19,686	+0.0%
Net Income	$-31,273	$-7,665	+3.1%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TOROSIAN	PRESIDENT	2.00	Director	$0	$0	$0
JOHN CREAN	TREASURER	2.00	Director	$0	$0	$0
ANDREW PUTINI	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL DUCA	DIRECTOR	2.00	Director	$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
2023	$-11,276	$19,997	$335,737	$-31,273
2022	$12,021	$19,686	$366,788	$-7,665
2021	$13,564	$4,790	$373,908	$8,774
2020	$11,403	$30,391	$337,324	$-18,988
2019	$5,780	$24,823	$355,813	$-19,043
2018	$11,991	$29,340	$372,694	$-17,349

AFDA INC ASHLAND FIRE DEPARTMENT ASSOCIATION