PASSAIC VALLEY VOL HOSE CO 2 INC

EIN: 222453165

WOODLAND PARK, NJ

Total Revenue
$41,953
Total Expenses
$34,428
Total Assets
$665,108
Net Assets
$665,108
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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
1914
Legal Domicile
NJ
Principal Officer
DAVID CLEMENTE
Phone
9732560640
Tax Period
2023-01-01 to 2023-12-31

PASSAIC VALLEY VOL HOSE CO 2 INC, founded in 1914, is a micro nonprofit that reported $42K in total revenue in fiscal year 2023. The organization ran a surplus of $8K, a strong 18% operating margin.

Mission

OPERATION OF VOLUNTEER FIRE COMPANY

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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 (2023)

Revenue Breakdown

Contributions & Grants $27,495
Program Service Revenue $0
Investment Income $19
Other Revenue $14,439
TOTAL REVENUE $41,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $8,323
Other Expenses $34,428
TOTAL EXPENSES $34,428

Year-over-Year Comparison

2023 2022 Change
Revenue $41,953 $42,650 0.0%
Expenses $34,428 $24,818 +0.4%
Net Income $7,525 $17,832 -0.6%
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
35
Independent Members
35
Employees
N/A
Volunteers
35

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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT A VOORMAN TRUSTEE 1.00
Director
$0 $0 $0
DAVID CLEMENTE PRESIDENT 3.00
Officer
$0 $0 $0
DAVID GARCIA SECRETARY 3.00
Officer
$0 $0 $0
MICHAEL HERRMANN 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
2024 No data No data No data No data
2023 $41,953 $34,428 $665,108 $7,525
2022 $42,650 $24,818 $657,583 $17,832
2021 $41,805 $13,686 $639,751 $28,119
2020 $45,402 $26,858 $611,632 $18,544
2019 $60,038 $27,750 $593,088 $32,288
2018 $67,232 $21,978 $560,800 $45,254
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