Portland Firefighters Union Local 740
Nonprofit profile at a glance
- EIN
- 016011483
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Portland, ME, USA
- Phone
- 2077568375
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $312,543
- Expenses
- $328,403
- Assets
- $180,080
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- NATHAN ELMORE (PRESIDENT & CEO)
- CLAYTON COPP (VICE PRESIDENT)
Highest reported compensation
- NATHAN ELMORE (PRESIDENT & CEO): $40,098 total reported compensation
- CLAYTON COPP (VICE PRESIDENT): $31,188 total reported compensation
- CAROLINE ST PIERRE (SECRETARY TREASURER): $29,888 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 organize all members of the portland fire department and the citys communications/electrical divisions to secure and maintain proper renumeration for duties performed
What it reported doing in 2023
Provide to members accidental & dental insurance, sports activities, fitness equipment at fire house, awards, ceremonies and funerals.
Operating model
- Revenue model
- Earned-program. 73% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 48% for direct work, 3% for grants, 37% for affiliated organizations, and 11% for member benefits.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 67
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 75.7%; rating input score 76
- Program expense ratio: 72%; rating input score 72
- Fundraising efficiency: $1.49 raised per $1 spent on fundraising; rating input score 7; 7th 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; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.1%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.55; rating input score 26; 26th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 37.1%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 36% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 39th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 75.7% of revenue deployed · 72% of spending went to programs
- Governance: 12 of 12 board members independent · 4 of 9 filing controls reported
- Programs: 3 filed program accomplishments
- Leadership: top reported pay $40K · 12 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2011 to 2023
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Accountability: Governance controls: 4 of 8 not reported.
- High — Financial Efficiency: Fundraising efficiency scored 7/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- High — Sustainability: Total-asset coverage ratio scored 26/100.
- High — Sustainability: Officer compensation ratio scored 7/100.