Herbertsville Fire Company No 1 (EIN 216016915) - 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

1936

Legal Domicile

Principal Officer

Mark Christensen

Phone

7322231333

Tax Period

2023-01-01 to 2023-12-31

Herbertsville Fire Company No 1, founded in 1936, is a small nonprofit in the Public Safety sector that reported $219K in total revenue in fiscal year 2023. Expenses of $194K left a modest 11% surplus.

Mission

All volunteer organization provides fire suppression, rescue, and public safety education to the residents of the Herbertsville section of Brick Twp., NJ. The organization also provides services to surrounding communities when requested.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,849

Program Service Revenue $0

Investment Income $25,195

Other Revenue $92,770

TOTAL REVENUE $218,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,563

Other Expenses $193,863

TOTAL EXPENSES $193,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,814	$206,365	+0.1%
Expenses	$193,863	$172,707	+0.1%
Net Income	$24,951	$33,658	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
James Scott Sr	Trustee	15.00	Director	$0	$0	$0
Paul Matula	Trustee	15.00	Director	$0	$0	$0
Robert Salmon	Trustee	15.00	Director	$0	$0	$0
Mark Christensen	President	15.00	Officer	$0	$0	$0
Mike Pacella	Vice-President	15.00	Officer	$0	$0	$0
Bernard Hayes	Secretary	15.00	Officer	$0	$0	$0
Christopher Matseur	Treasurer	15.00	Officer	$0	$0	$0
James Lepore	Asst Treasurer	15.00	Officer	$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	No data	No data	No data	No data
2023	$218,814	$193,863	$2,625,311	$24,951
2022	$206,365	$172,707	$2,641,555	$33,658
2021	$169,941	$134,512	$2,657,569	$35,429
2020	$189,621	$173,712	$2,462,880	$15,909

Herbertsville Fire Company No 1