FREEHOLD VOLUNTEER FIRE COMPANY INC (EIN 222501479) - 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

1945

Legal Domicile

Principal Officer

WILKENSON FRANCOIS

Phone

5188213895

Tax Period

2023-01-01 to 2023-12-31

FREEHOLD VOLUNTEER FIRE COMPANY INC, founded in 1945, is a small nonprofit in the Public Safety sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36K, a strong 16% operating margin.

Mission

PROTECTION OF PERSONS AND PROPERTY AGAINST INJURY, LOSS, DAMAGE, OR DESTRUCTION BY FIRE IN THE FREEHOLD FIRE PROTECTION DISTRICT, AND PROVIDING MEETING HALL FOR GREENVILLE RESIDENTS.

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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 $0

Program Service Revenue $219,459

Investment Income $134

Other Revenue $1,080

TOTAL REVENUE $220,673

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,000

Fundraising Expenses $0

Program Expenses $162,202

Other Expenses $180,477

TOTAL EXPENSES $184,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,673	$135,633	+0.6%
Expenses	$184,477	$165,130	+0.1%
Net Income	$36,196	$-29,497	-2.2%

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

$1,500

Total Directors

$1,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN RARICK	PRESIDENT	10.00	Officer Director	$0	$500	$500
JAMES RARICK	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
WILKENSON FRANCOIS	TREASURER	10.00	Officer Director	$0	$500	$500
TUCKER LEWIS	SECRETARY	10.00	Officer Director	$0	$500	$500
RICHARD HEMPSTEAD	DIRECTOR	1.00	Director	$0	$0	$0
FRANK WHITBECK	DIRECTOR	1.00	Director	$0	$0	$0
HERB WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
N/A	CHIEF	10.00		$0	$500	$500
N/A	ASSISTANT CHIEF	10.00		$0	$500	$500
N/A	ASSISTANT CHIEF	10.00		$0	$1,000	$1,000

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
2023	$220,673	$184,477	$444,668	$36,196
2022	$135,633	$165,130	$418,561	$-29,497
2021	$198,905	$200,172	$458,415	$-1,267
2020	$216,838	$134,099	$443,278	$82,739

FREEHOLD VOLUNTEER FIRE COMPANY INC