HOPE VOLUNTEER FIRE DEPARTMENT 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

1900

Legal Domicile

Phone

9084595803

Tax Period

2022-01-01 to 2022-12-31

HOPE VOLUNTEER FIRE DEPARTMENT INC, founded in 1900, is a micro nonprofit that reported $63K in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $71K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FIRE PROTECTION SERVICES TO THE RESIDENTS OF HOPE TOWNSHIP AND THE SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $70,751

THE VOLUNTEER FIRE DEPARTMENT PROVIDES FIRE FIGHTING AND FIRE PROTECTION SERVICES TO THE RESIDENTS OF HOPE TOWNSHIP, NJ AND NEIGHBORING COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $63,169

Program Service Revenue $0

Investment Income $56

Other Revenue $0

TOTAL REVENUE $63,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $70,751

Other Expenses $70,751

TOTAL EXPENSES $70,751

Year-over-Year Comparison

	2022	2021	Change
Revenue	$63,225	$50,961	+0.2%
Expenses	$70,751	$74,941	-0.1%
Net Income	$-7,526	$-23,980	-0.7%

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

N/A

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
CHAD KOONZ	PRESIDENT	005.00	Officer	$0	$0	$0
ALAN SAUCK	VICE PRESIDENT	005.00	Officer	$0	$0	$0
ERICA LEOPARDI	SECRETARY	005.00	Officer	$0	$0	$0
ANTHONY LYTLE	TREASURER	005.00	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
2022	$63,225	$70,751	$645,513	$-7,526
2021	$50,961	$74,941	$428,557	$-23,980
2020	$98,869	$69,023	$452,537	$29,846
2019	$62,386	$73,378	$422,691	$-10,992
2018	$78,494	$73,291	$433,683	$5,203