Framingham Firefighters Local 1652

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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

Edward Rokes

Phone

5088759430

Tax Period

2023-01-01 to 2023-12-31

Framingham Firefighters Local 1652, founded in 1940, is a small nonprofit that reported $251K in total revenue in fiscal year 2023.

Mission

To promote the welfare of firefighters.

Program Service Accomplishments

Program 1

Expenses: $3,000

Retirement Benefits paid retired firefighters.

Program 2

Expenses: $2,500

Scholarships paid out to firefighter offspring.

Program 3

Expenses: $62,942

Multitude of program expenses paid for the betterment of the association of firefighters.

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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 $27,650

Program Service Revenue $204,508

Investment Income $16,924

Other Revenue $1,604

TOTAL REVENUE $250,686

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $84,389

Fundraising Expenses $44,332

Program Expenses $157,176

Other Expenses $137,739

TOTAL EXPENSES $243,493

Year-over-Year Comparison

	2023	2022	Change
Revenue	$250,686	$242,755	+0.0%
Expenses	$243,493	$241,935	+0.0%
Net Income	$7,193	$820	+7.8%

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

Governance

Voting Members

Independent Members

N/A

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
Andrew Rokes	President	3.00	Officer	$0	$0	$0
Paul Harding	Vice President	3.00	Officer	$0	$0	$0
Edward Rokes	Treasurer	3.00	Officer	$0	$0	$0
Theodore Lima	Secretary	3.00	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	No data	No data	No data	No data
2023	$250,686	$243,493	$260,976	$7,193
2022	$242,755	$241,935	$237,205	$820
2021	$238,703	$300,339	$287,988	$-61,636
2020	$277,624	$270,867	$323,442	$6,757
2019	$265,005	$263,324	$289,581	$1,681
2018	$233,425	$240,139	$260,879	$-6,714