HIGHLAND PARK VOLUNTEER FIRE DEPARTMENT INC (EIN 205292562) - 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

2006

Legal Domicile

Phone

7322491236

Tax Period

2020-01-01 to 2020-12-31

HIGHLAND PARK VOLUNTEER FIRE DEPARTMENT INC, founded in 2006, is a micro nonprofit that reported $34K in total revenue in fiscal year 2020. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $38K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO LESSEN THE BURDENS OF GOVERNMENT BY PROMOTING GREATER SECURITY FOR PROPERTY OWNERS AND RESIDENTS OF THE BOROUGH AGAINST LOSS THROUGH FIRE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $30,160

Program Service Revenue $0

Investment Income $4,079

Other Revenue $0

TOTAL REVENUE $34,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $950

Fundraising Expenses $0

Program Expenses $22,490

Other Expenses $37,326

TOTAL EXPENSES $38,276

Year-over-Year Comparison

	2020	2019	Change
Revenue	$34,239	$55,372	-0.4%
Expenses	$38,276	$44,145	-0.1%
Net Income	$-4,037	$11,227	-1.4%

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

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
LARRY THIEL	PRESIDENT	4.00	Director	$0	$0	$0
HECTOR MALAVE	VICE PRESIDENT	4.00	Director	$0	$0	$0
PEGGY BROOKS	SECRETARY	10.00	Director	$0	$0	$0
JOSEPH ROMANO	TREASURER	10.00	Director	$0	$0	$0
JOSEPH ROMANO	DEATH BENEFIT FUND SECRETA	2.00	Director	$0	$0	$0
MICHAEL MCMAHON	FINANCIAL SECRETARY	4.00	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
2020	$34,239	$38,276	$187,898	$-4,037
2019	$55,372	$44,145	$191,935	$11,227
2018	$29,472	$53,737	$180,708	$-24,265

HIGHLAND PARK VOLUNTEER FIRE DEPARTMENT INC