FLORHAM PARK FIRE DEPT ASSOC INC (EIN 222483165) - 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

1958

Legal Domicile

Principal Officer

FRANK ZULAUF

Phone

9733773241

Tax Period

2023-01-01 to 2023-12-31

FLORHAM PARK FIRE DEPT ASSOC INC, founded in 1958, is a micro nonprofit that reported $71K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $78K exceeded revenue, resulting in a 10% operating deficit.

Mission

VOLUNTEER FIRE DEPARTMENT SERVICES.

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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 $63,410

Program Service Revenue $0

Investment Income $7,160

Other Revenue $0

TOTAL REVENUE $70,570

Expense Breakdown

Grants Paid $1,460

Salaries & Benefits $750

Fundraising Expenses $0

Program Expenses $42,789

Other Expenses $75,712

TOTAL EXPENSES $77,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,570	$79,516	-0.1%
Expenses	$77,922	$95,550	-0.2%
Net Income	$-7,352	$-16,034	-0.5%

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

$750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE GRIVALSKY	TREASURER	5.00	Officer	$500	$0	$500
MICHAEL LUH	SECRETARY	4.00	Officer	$250	$0	$250
FRANK ZULAUF	VICE-PRESIDENT	2.00	Officer	$0	$0	$0
SIMON BEHRINGER	PRESIDENT	2.00	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	$70,570	$77,922	$670,108	$-7,352
2022	$79,516	$95,550	$653,257	$-16,034
2021	$73,514	$64,413	$658,054	$9,101
2020	$82,224	$47,427	$643,864	$34,797
2019	$87,589	$54,466	$599,067	$33,123
2018	$69,651	$48,629	$548,344	$21,022

FLORHAM PARK FIRE DEPT ASSOC INC