LAKE PARSIPPANY VOLUNTEER FIRE DEPT INC

EIN: 222173343

PARSIPPANY, NJ

Total Revenue
$121,584
Total Expenses
$103,583
Total Assets
$889,611
Net Assets
$889,611
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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
1935
Legal Domicile
NJ
Phone
9738879483
Tax Period
2025-01-01 to 2025-12-31

LAKE PARSIPPANY VOLUNTEER FIRE DEPT INC, founded in 1935, is a small nonprofit that reported $122K in total revenue in fiscal year 2025. Revenue surged 98% from the prior year, signaling strong growth momentum. Expenses of $104K left a modest 15% surplus.

Mission

PUBLIC EMERGENCY PROTECTION. ORGANIZATION IS A VOLUNTEER FIRE DEPARTMENT ORGANIZED FOR FIRES & EMERGENCY PROTECTION.

Program Service Accomplishments

Program 1
Expenses: $100,618

ORGANIZATION IS A VOLUNTEER FIRE DEPT. FOR FIRES & EMERGENCY PROTECTION OF GENERAL PUBLIC. SEVERAL THOUSAND INDIVIDUALS, HOMES, BUSINESSES, IN ITS OPERATING DISTRICT & MUTUAL ADI FOR NEIGHBORING...

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ORGANIZATION IS A VOLUNTEER FIRE DEPT. FOR FIRES & EMERGENCY PROTECTION OF GENERAL PUBLIC. SEVERAL THOUSAND INDIVIDUALS, HOMES, BUSINESSES, IN ITS OPERATING DISTRICT & MUTUAL ADI FOR NEIGHBORING TOWNS. ALSO, PROMOTES FIRE SAFETY VIA PROGRAMS AND PUBLICATIONS.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $31,895
Program Service Revenue $0
Investment Income $89,689
Other Revenue $0
TOTAL REVENUE $121,584

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,618
Other Expenses $103,583
TOTAL EXPENSES $103,583

Year-over-Year Comparison

2025 2024 Change
Revenue $121,584 $61,418 +1.0%
Expenses $103,583 $87,595 +0.2%
Net Income $18,001 $-26,177 -1.7%
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

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Governance

Voting Members
4
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZUBIN MISTRY President 3.00
Officer
$0 $0 $0
RUSS PROKOP Vice President 3.00
Officer
$0 $0 $0
ANDREW GENOVESE Secretary 3.00
Officer
$0 $0 $0
KENNETH NOLAN Treasurer 3.00
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
2025 $121,584 $103,583 $889,611 $18,001
2024 No data No data No data No data
2023 $5,892 $83,819 $779,607 $-77,927
2022 $26,047 $57,737 $756,249 $-31,690
2021 $73,343 $40,335 $932,858 $33,008
2020 $17,547 $39,512 $908,968 $-21,965
2019 $56,652 $44,303 $874,086 $12,349
2018 $50,352 $37,559 $799,748 $12,793
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