Massachusetts Port Authority Fire Fighters IAFF Local S-2 (EIN 510226909) - 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

1951

Legal Domicile

Principal Officer

Joseph McKinnon

Phone

6175694335

Tax Period

2024-11-01 to 2025-10-31

Massachusetts Port Authority Fire Fighters IAFF Local S-2, founded in 1951, is a small nonprofit that reported $276K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $88K, a strong 32% operating margin.

Mission

To provide benefits to members and their families.

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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 $264,747

Program Service Revenue $4,122

Investment Income $7,214

Other Revenue $0

TOTAL REVENUE $276,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $33,429

Other Expenses $188,124

TOTAL EXPENSES $188,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,083	$253,556	+0.1%
Expenses	$188,124	$204,926	-0.1%
Net Income	$87,959	$48,630	+0.8%

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

N/A

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
John Rescigno	President	2.00	Officer Director	$0	$0	$0
Michael Ferreira	Vice President	2.00	Officer Director	$0	$0	$0
Joseph McKinnon	Treasurer/Secretary	5.00	Officer Director	$0	$0	$0
Michael Barker	Director	1.00	Director	$0	$0	$0
Harry Vibert	Director	1.00	Director	$0	$0	$0
Brian Macauley	Director	1.00	Director	$0	$0	$0
Joseph Doherty	Director	1.00	Director	$0	$0	$0
Nicholas Leonard	Director	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
2025	$276,083	$188,124	$461,361	$87,959
2024	$253,556	$204,926	$375,145	$48,630
2023	$221,322	$151,620	$326,517	$69,702
2022	$204,727	$148,789	$256,815	$55,938
2021	$216,153	$167,644	$200,877	$48,509
2020	$213,274	$141,819	$152,368	$71,455

Massachusetts Port Authority Fire Fighters IAFF Local S-2