NASHWAUK FIRE RELIEF ASSOCIATION

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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

1917

Legal Domicile

Principal Officer

JESSE LARCOM

Phone

2183306890

Tax Period

2023-01-01 to 2023-12-31

NASHWAUK FIRE RELIEF ASSOCIATION, founded in 1917, is a micro nonprofit in the Mutual Benefit sector that reported $19K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $35K exceeded revenue, resulting in a 82% operating deficit.

Mission

MAINTENANCE AND MANAGEMENT OF INVESTED FUNDS TO PROVIDE RETIREMENT AND/OR DISABILITY BENEFITS TO MEMBERS AND TO PROVIDE SUPPORT TO GENERAL MEMBERSHIP AND THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $34,516

TO PROVIDE RETIREMENT BENEFITS TO MEMBERS AND TO PROVIDE GENERAL MEMBERSHIP SUPPORT AND SUPPORT COMMUNITY EVENTS

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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 $30,644

Program Service Revenue $0

Investment Income $6,988

Other Revenue $-18,615

TOTAL REVENUE $19,017

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $30,200

Fundraising Expenses $0

Program Expenses $34,516

Other Expenses $-19,684

TOTAL EXPENSES $34,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,017	$62,505	-0.7%
Expenses	$34,516	$33,882	+0.0%
Net Income	$-15,499	$28,623	-1.5%

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

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

$10,600

Total Directors

$28,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE LARCOM	PRESIDENT	1.00	Officer Director	$6,200	$0	$6,200
KEVIN BODIN	VICE PRESIDE	1.00	Officer Director	$4,400	$0	$4,400
JOE CALAGUIRE	TREASURER	1.00	Officer Director	$0	$0	$0
BRENDEN JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT COUGHLIN	GAMB MGR/TRU	10.00	Director	$12,800	$0	$12,800
ZACK LABAR	TRUSTEE	1.00	Director	$5,000	$0	$5,000
JOE MARTIRE	TRUSTEE	1.00	Director	$0	$0	$0
CALVIN SARRI	TRUSTEE	1.00	Director	$0	$0	$0
APRIL KURTOCK	TRUSTEE	1.00	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
2024	No data	No data	No data	No data
2023	$19,017	$34,516	$550,481	$-15,499
2022	$62,505	$33,882	$530,540	$28,623
2021	$145,256	$11,646	$557,425	$133,610
2020	$38,451	$8,282	$452,250	$30,169
2019	$55,791	$87,853	$402,280	$-32,062
2018	$70,374	$15,611	$394,237	$54,763