NEWPORT FIREFIGHTERS RELIEF ASSOCI… - Form 990 Financial Data

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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

1953

Legal Domicile

Principal Officer

DEREK JOHNSON

Phone

9523814409

Tax Period

2022-01-01 to 2022-12-31

NEWPORT FIREFIGHTERS RELIEF ASSOCIATION, founded in 1953, is a micro nonprofit in the Public Safety sector that reported $61K in total revenue in fiscal year 2022. Expenses of $83K exceeded revenue, resulting in a 36% operating deficit.

Mission

THE ASSOCIATION RECEIVES AND MANAGES PUBLIC FUNDS TO PROVIDE RETIREMENT AND ANCILLARY BENEFITS FOR INDIVIDUALS PROVIDING THE PUBLIC SERVICES OF FIREFIGHTING AND EMERGENCY RESPONSE.

Program Service Accomplishments

Program 1

Expenses: $59,714

PROVIDE RETIREMENT AND ANCILLARY BENEFITS TO MEMBERS AND THEIR DEPENDENTS.DURING THE YEAR, THERE WERE 19 ACTIVE MEMBERS AND 4 INACTIVE MEMBERS WHO ARE DEFERRED.

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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 $29,299

Program Service Revenue $0

Investment Income $19,434

Other Revenue $12,151

TOTAL REVENUE $60,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,300

Fundraising Expenses $0

Program Expenses $59,714

Other Expenses $21,968

TOTAL EXPENSES $82,982

Year-over-Year Comparison

	2022	2021	Change
Revenue	$60,884	$60,215	+0.0%
Expenses	$82,982	$27,858	+2.0%
Net Income	$-22,098	$32,357	-1.7%

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

$1,200

Total Directors

$1,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK JOHNSON	PRESIDENT	4.00	Officer Director	$400	$0	$400
TODD TOKAR	VICE PRESIDENT	1.00	Officer Director	$200	$0	$200
KEITH ALBRECHT	SECRETARY	3.00	Officer Director	$300	$0	$300
LUKE BERTHIAUME	TREASURER	1.00	Officer Director	$300	$0	$300
CHRIS LEMKE	TRUSTEE	1.00	Director	$100	$0	$100

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
2022	$60,884	$82,982	$1,109,602	$-22,098
2021	$60,215	$27,858	$1,286,217	$32,357
2020	$58,693	$20,988	$1,170,548	$37,705
2019	$79,256	$75,192	$1,029,915	$4,064
2018	$124,769	$107,516	$901,691	$17,253

NEWPORT FIREFIGHTERS RELIEF ASSOCIATION