NEW LONDON FIRE DEPARTMENT RELIEF

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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

1936

Legal Domicile

Principal Officer

CHAD THOMPSON

Phone

3203545508

Tax Period

2024-01-01 to 2024-12-31

NEW LONDON FIRE DEPARTMENT RELIEF, founded in 1936, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $74K, a strong 51% operating margin.

Mission

TO ADMINISTER PENSION PLAN FOR VOLUNTEER FIREFIGHTERS AND SUPPORT OF LOCAL FIRE DEPARTMENT.

Program Service Accomplishments

Program 1

Expenses: $65,609

PURCHASE EQUIPMENT AND SUPPLIES IN SUPPORT OF THE CITY OF NEW LONDON FIRE DEPARTMENT

Program 2

Expenses: $389

PENSION ADMINISTRATION AND BENEFITS FOR RETIRED 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 (2024)

Revenue Breakdown

Contributions & Grants $77,303

Program Service Revenue $0

Investment Income $26,456

Other Revenue $41,460

TOTAL REVENUE $145,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,200

Fundraising Expenses $0

Program Expenses $65,998

Other Expenses $70,013

TOTAL EXPENSES $71,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,219	$155,515	-0.1%
Expenses	$71,213	$163,004	-0.6%
Net Income	$74,006	$-7,489	-10.9%

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

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
JOE CASKEY	TRUSTEE	0.50	Director	$0	$0	$0
CHRIS LINDQUIST	TRUSTEE	0.50	Director	$0	$0	$0
COLE LIESER	TREASURER	2.00	Officer	$0	$0	$0
CHAD POWERS	SECRETARY	1.00	Officer	$0	$0	$0
CHAD THOMPSON	PRESIDENT	1.00	Officer	$0	$0	$0
JESSE THORSON	VICE PRESIDE	1.00	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	$145,219	$71,213	$857,418	$74,006
2023	$155,515	$163,004	$743,812	$-7,489
2022	$128,476	$37,934	$752,600	$90,542
2021	$82,799	$22,731	$679,933	$60,068
2020	$95,826	$61,621	$619,090	$34,205
2019	$88,258	$74,070	$582,823	$14,188
2018	$99,757	$66,556	$541,651	$33,201