Andover Firefighters Relief Association (EIN 411400930) - 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

1984

Legal Domicile

Principal Officer

Eric Nierengarten

Phone

6123549544

Tax Period

2023-01-01 to 2023-12-31

Andover Firefighters Relief Association, founded in 1984, is a small nonprofit that reported $359K in total revenue in fiscal year 2023. Expenses of $347K left a modest 3% surplus.

Mission

To invest, monitor, and distribute funds that provide benefits for volunteer fire fighters.

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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 $259,950

Program Service Revenue $0

Investment Income $93,635

Other Revenue $5,560

TOTAL REVENUE $359,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,250

Fundraising Expenses $0

Program Expenses $282,879

Other Expenses $60,675

TOTAL EXPENSES $346,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,145	$353,190	+0.0%
Expenses	$346,804	$207,242	+0.7%
Net Income	$12,341	$145,948	-0.9%

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

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

$2,871

Total Directors

$2,871

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Nierengarten	Treasurer	1.00	Officer Director	$1,600	$0	$1,600
BJ McElrath	Secretary	1.00	Officer Director	$1,000	$0	$1,000
William Shutte	President	1.00	Officer Director	$271	$0	$271
Kurt DeRung	Trustee	1.00	Director	$0	$0	$0
Tom Flermoen	Trustee	1.00	Director	$0	$0	$0
Lee Brezinka	City Finance Manager/Trustee	1.00	Director	$0	$0	$0
Jamie Barthel	City Council Member/Trustee	1.00	Director	$0	$0	$0
Dennis Jones	Fire Chief/Trustee	1.00	Director	$0	$0	$0
Lindsey Wilson	Vice President	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$359,145	$346,804	$3,915,670	$12,341
2022	$353,190	$207,242	$3,634,859	$145,948
2021	$315,386	$1,038,483	$4,006,740	$-723,097
2020	$378,072	$539,739	$4,413,881	$-161,667
2019	$295,396	$406,760	$4,330,982	$-111,364
2018	$358,819	$340,267	$3,892,889	$18,552

Andover Firefighters Relief Association