UNION HOOK & LADDER CO NO1 OF BEDMINSTER - FAR HILLS NJ (EIN 222112978) - 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

1989

Legal Domicile

Principal Officer

RONALD KENNEDY

Phone

9082341179

Tax Period

2023-01-01 to 2023-12-31

UNION HOOK & LADDER CO NO1 OF BEDMINSTER - FAR HILLS NJ, founded in 1989, is a small nonprofit in the Public Safety sector that reported $432K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $121K, a strong 28% operating margin.

Mission

UNION HOOK AND LADDER COMPANY NO. 1 OF BEDMINSTER - FAR HILLS, NEW JERSEY (KNOWN TO THE GENERAL PUBLIC AS THE FAR HILLS-BEDMINSTER FIRE DEPARTMENT) IS A VOLUNTEER FIRE-FIGHTING ORGANIZATION WHICH SERVES THE TOWNSHIP OF BEDMINSTER AND THE BOROUGH OF FAR HILLS IN SOMERSET COUNTY, NEW JERSEY. ADDITIONAL SERVICES WHICH THE ORGANIZATION PROVIDES INCLUDE VEHICLE EXTRICATION, WATER RESCUE, HAZARDOUS MATERIAL RESPONSE, PUBLIC ASSISTANCE, AND FIRE PREVENTION AND EDUCATION.

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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 $320,872

Program Service Revenue $0

Investment Income $21,351

Other Revenue $89,461

TOTAL REVENUE $431,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,058

Program Expenses $291,909

Other Expenses $310,925

TOTAL EXPENSES $310,925

Year-over-Year Comparison

	2023	2022	Change
Revenue	$431,684	$380,844	+0.1%
Expenses	$310,925	$240,624	+0.3%
Net Income	$120,759	$140,220	-0.1%

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
RONALD KENNEDY	PRESIDENT	15.00	Officer Director	$0	$0	$0
JACK REEVES	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
DUANE KAVANAUGH	SECRETARY	5.00	Officer Director	$0	$0	$0
BRIAN WILDE	TREASURER	5.00	Officer Director	$0	$0	$0
CARSON BRIENZA	CHIEF	15.00	Officer	$0	$0	$0
MATTHEW DRAHEIM	ASSISTANT CH	10.00	Officer	$0	$0	$0
GEORGE PETRIE	CAPTAIN	5.00	Officer	$0	$0	$0
JASON GROENDYK	CAPTAIN	5.00	Officer	$0	$0	$0
ADAM SEGAL	CAPTAIN	5.00	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	$431,684	$310,925	$2,679,398	$120,759
2022	$380,844	$240,624	$2,682,438	$140,220
2021	$397,809	$179,203	$2,661,282	$218,606
2020	$331,983	$282,406	$2,557,041	$49,577
2019	$365,510	$226,982	$2,617,208	$138,528
2018	$943,691	$244,274	$2,584,942	$699,417

UNION HOOK & LADDER CO NO1 OF BEDMINSTER - FAR HILLS NJ