Andover Fireman's Relief Association

Nonprofit profile at a glance

EIN
046044585
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
Andover, MA, USA
Phone
9784751220
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$55,304
Expenses
$38,513
Assets
$1,012,553
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • RICHARD KRAFTON (PRESIDENT)

Highest reported compensation

  • RICHARD KRAFTON (PRESIDENT): $1,500 total reported compensation
  • CHRISTINE WRIGHT (TREASURER): $1,500 total reported compensation
  • BRIAN FLANAGAN (DIRECTOR): $1,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide a death benefit, or payment in lieu of death benefit, to members who are permanent firefighters for the town of andover, Massachusetts (currently 70 members).

What it reported doing in 2023

Paid retirement benefits to firefighters

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Member-benefit provider. The nonprofit used 100% of its reported program spending for member benefits.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 90
  • Accountability: 63
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.3%; rating input score 40
  • Program expense ratio: 23.9%; rating input score 24
  • Fundraising efficiency: $10.68 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 11
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 30.4%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 26.29; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 18.8%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: -11.6% per year; rating input score 0; 27th percentile among comparable filings
  • Revenue growth: 4.8% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 40.3% of revenue deployed · 23.9% of spending went to programs
  • Governance: 70 of 70 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9K in reported program spending
  • Leadership: top reported pay $2K · 9 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • High — Financial Efficiency: Program expense ratio scored 24/100.
  • High — Accountability: Governance controls: 7 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.