VOLUNTEER FIRE CO NO 1 OF SOMERS POINT N J

EIN: 210742738 501(c)(3)

SOMERS POINT, NJ

Total Revenue
$146,234
Total Expenses
$103,183
Total Assets
$919,155
Net Assets
$744,070
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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
1908
Legal Domicile
NJ
Principal Officer
DONALD DUNLEAVY
Phone
6096536506
Tax Period
2024-01-01 to 2024-12-31

VOLUNTEER FIRE CO NO 1 OF SOMERS POINT N J, founded in 1908, is a small nonprofit that reported $146K in total revenue in fiscal year 2024. The organization ran a surplus of $43K, a strong 29% operating margin.

Mission

FIRE PROTECTION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,297
Program Service Revenue $0
Investment Income $11,173
Other Revenue $79,764
TOTAL REVENUE $146,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $71,996
Other Expenses $103,183
TOTAL EXPENSES $103,183

Year-over-Year Comparison

2024 2023 Change
Revenue $146,234 $139,923 +0.0%
Expenses $103,183 $81,230 +0.3%
Net Income $43,051 $58,693 -0.3%
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

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Governance

Voting Members
16
Independent Members
N/A
Employees
N/A
Volunteers
32

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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL IANNACE President 10.00
Director
$0 $0 $0
FRED COTTRELL Vice President 10.00
Director
$0 $0 $0
HEATHER OSTERMAN Secretary 10.00
Director
$0 $0 $0
DONALD DUNLEAVY Treasurer 10.00
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
2024 $146,234 $103,183 $919,155 $43,051
2023 $139,923 $81,230 $896,021 $58,693
2022 $153,253 $102,053 $642,326 $51,200
2021 $98,661 $68,514 $603,394 $30,147
2020 $64,990 $108,660 $593,247 $-43,670
2019 $98,546 $83,358 $646,001 $15,188
2018 $69,740 $70,547 $589,329 $-807
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