PARSIPPANY-TROY HILLS TWP FIREMEN'S RELIEF ASSOC (EIN 222087087) - 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

1939

Legal Domicile

Principal Officer

RUSSELL GREUTER

Phone

9736156299

Tax Period

2025-01-01 to 2025-12-31

PARSIPPANY-TROY HILLS TWP FIREMEN'S RELIEF ASSOC, founded in 1939, is a small nonprofit that reported $397K in total revenue in fiscal year 2025. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $212K, a strong 53% operating margin.

Mission

THIS ORGANIZATION WAS CREATED BY STATE OF NJ STATUTE TO PROVIDE FINANCIAL SUPPORT TO NEEDY OR INDIGENT FIREFIGHTERS AND OR THEIR FAMILIES. PRIMARY FUNDING IS BY INSURANCE PREMIUM TAX AND INTEREST INCOME.

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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 (2025)

Revenue Breakdown

Contributions & Grants $272,740

Program Service Revenue $0

Investment Income $124,449

Other Revenue $0

TOTAL REVENUE $397,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,800

Fundraising Expenses $0

Program Expenses $129,137

Other Expenses $8,329

TOTAL EXPENSES $185,266

Year-over-Year Comparison

	2025	2024	Change
Revenue	$397,189	$492,394	-0.2%
Expenses	$185,266	$202,077	-0.1%
Net Income	$211,923	$290,317	-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

$32,700

Total Directors

$12,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL L GREUTER	PRESIDENT	1.00	Officer	$5,900	$0	$5,900
WILLIAM P HERRMANN	VICE PRESIDENT/REPRESENTATIVE	1.00	Officer	$5,800	$0	$5,800
ROBERT JAMIESON III	SECRETARY	1.00	Officer	$10,000	$0	$10,000
JOSEPH H GURTH III	TREASURER/REPRESENTATIVE	1.00	Officer	$11,000	$0	$11,000
THOMAS MARREN	TRUSTEE	0.25	Director	$800	$0	$800
JAMES P BARONE SR	TRUSTEE	0.25	Director	$1,000	$0	$1,000
MICHAEL L DALESSANDRO	TRUSTEE	0.25	Director	$900	$0	$900
JOHN R OTTE III	TRUSTEE	0.25	Director	$900	$0	$900
BRIAN J DOHM	TRUSTEE	0.25	Director	$900	$0	$900
COREY N MARTIN	TRUSTEE	0.25	Director	$700	$0	$700
STEPHEN A MASI	TRUSTEE	0.25	Director	$900	$0	$900
RUSSELL J PROKOP	TRUSTEE	0.25	Director	$600	$0	$600
ROBERT HERRMANN	TRUSTEE	0.25	Director	$1,000	$0	$1,000
ERNEST P ESPOSITO	REPRESENTATIVE	0.25	Director	$700	$0	$700
KENNETH J NOLAN	REPRESENTATIVE	0.25	Director	$1,000	$0	$1,000
JOHN J PASZKO	REPRESENTATIVE	0.25	Director	$800	$0	$800
THOMAS CAVANAUGH	REPRESENTATIVE	0.25	Director	$700	$0	$700
PAUL V SHANNON	REPRESENTATIVE	0.25	Director	$600	$0	$600
WILLIAM H BILGEHOUSE	REPRESENTATIVE	0.25	Director	$700	$0	$700

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
2025	$397,189	$185,266	$3,223,601	$211,923
2024	$492,394	$202,077	$3,011,678	$290,317
2023	$543,508	$136,943	$2,721,361	$406,565
2022	$431,900	$116,307	$2,314,795	$315,593
2021	$440,703	$143,880	$1,999,202	$296,823
2020	$430,572	$373,553	$1,702,379	$57,019
2019	$445,423	$342,744	$1,645,360	$102,679

PARSIPPANY-TROY HILLS TWP FIREMEN'S RELIEF ASSOC