HOPE FIRE COMPANY NO 1 INC

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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

1950

Legal Domicile

Principal Officer

ALEXANDER NEBBIA

Phone

6092597200

Tax Period

2023-01-01 to 2023-12-31

HOPE FIRE COMPANY NO 1 INC, founded in 1950, is a small nonprofit that reported $113K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $212K exceeded revenue, resulting in a 87% operating deficit.

Mission

VOLUNTEER FIRE COMPANY SERVICING ALLENTOWN BORO AND UPPER FREEHOLD TWP NJ, ALONG WITH MUTUAL AID FOR SURROUNDING MUNICIPALITIES.

Program Service Accomplishments

Program 1

Expenses: $181,263

VOLUNTEER FIRE COMPANY SERVICING ALLENTOWN BORO AND UPPER FREEHOLD TWP NJ, ALONG WITH MUTUAL AID FOR SURROUNDING MUNICIPALITIES.

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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 $96,272

Program Service Revenue $0

Investment Income $154

Other Revenue $16,641

TOTAL REVENUE $113,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,483

Program Expenses $181,263

Other Expenses $211,637

TOTAL EXPENSES $211,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$113,067	$170,250	-0.3%
Expenses	$211,637	$221,280	0.0%
Net Income	$-98,570	$-51,030	+0.9%

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
DAVE ZARISH	VICE-PRESIDENT	10.00	Officer Director	$0	$0	$0
ALEX NEBBIA	PRESIDENT	10.00	Officer Director	$0	$0	$0
WILLIAM LE	SECRETARY	10.00	Officer Director	$0	$0	$0
RICHARD FLOYD	ASSISTANT TREASURER/TRUSTEE	10.00	Officer Director	$0	$0	$0
JEFF FENTON	TREASURER	10.00	Officer Director	$0	$0	$0
ROBERT COLE	TRUSTEE	5.00	Director	$0	$0	$0
MICHAEL KAMER	TRUSTEE	5.00	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	No data	No data	No data	No data
2023	$113,067	$211,637	$644,212	$-98,570
2022	$170,250	$221,280	$749,725	$-51,030
2021	$227,720	$281,599	$807,144	$-53,879
2020	$187,435	$216,184	$866,902	$-28,749
2019	$210,765	$285,063	$901,061	$-74,298
2018	$206,537	$253,174	$950,737	$-46,637