NEW JERSEY STATE FIREMENS ASSOCIATION (EIN 221720056) - 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

1884

Legal Domicile

Principal Officer

Robert Peters

Phone

9736672993

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY STATE FIREMENS ASSOCIATION, founded in 1884, is a small nonprofit that reported $191K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 39% operating margin.

Mission

Provide financial support to needy and indigent firefighters and their families

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $63,437

Other Revenue $127,634

TOTAL REVENUE $191,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,275

Fundraising Expenses $0

Program Expenses $116,699

Other Expenses $102,424

TOTAL EXPENSES $116,699

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,071	$156,171	+0.2%
Expenses	$116,699	$121,720	0.0%
Net Income	$74,372	$34,451	+1.2%

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

$13,800

Total Directors

$475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laurie Cooper	Secretary	5	Officer	$6,000	$0	$6,000
Robert G Peters	Treasurer	5	Officer	$6,000	$0	$6,000
Vincent Lehman	President	1	Officer	$975	$0	$975
Matthew Farruggia	Vice President	0.5	Officer	$825	$0	$825
John Redstone	Trustee Chair & Audit Committee	0.15	Director	$425	$0	$425
George Scherer	Audit Committee	0.05	Director	$50	$0	$50

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	$191,071	$116,699	$1,835,063	$74,372
2023	$156,171	$121,720	$1,760,691	$34,451
2022	$108,970	$77,396	$1,726,240	$31,574
2021	$96,200	$67,711	$1,694,666	$28,489
2020	$113,077	$59,409	$1,666,177	$53,668

NEW JERSEY STATE FIREMENS ASSOCIATION