LIBERTY CORNER FIRE COMPANY

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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

1910

Legal Domicile

Principal Officer

CHARLES PISANO

Phone

9086473530

Tax Period

2024-01-01 to 2024-12-31

LIBERTY CORNER FIRE COMPANY, founded in 1910, is a small nonprofit that reported $265K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $125K, a strong 47% operating margin.

Mission

FIRE SAFETY, PROTECTION AND SAFETY

Program Service Accomplishments

Program 1

Expenses: $131,313 Revenue: $205,832

Liberty Corner Fire Co. provides fire protection and rescue services to the southerly portion of Bernards Twp. NJ consisting of approximately 16 square miles

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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 (2024)

Revenue Breakdown

Contributions & Grants $73,125

Program Service Revenue $0

Investment Income $58,928

Other Revenue $132,707

TOTAL REVENUE $264,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,313

Other Expenses $140,218

TOTAL EXPENSES $140,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$264,760	$500,204	-0.5%
Expenses	$140,218	$190,947	-0.3%
Net Income	$124,542	$309,257	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter Apprahamian	President	5.00	Officer	$0	$0	$0
Jerry Mudugno	Vice President	5.00	Officer	$0	$0	$0
Charles Pisano	Treasurer	5.00	Officer	$0	$0	$0
Ken White	Chief	5.00	Officer	$0	$0	$0
Ryan Woods	Secretary	5.00	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	$264,760	$140,218	$2,011,483	$124,542
2023	$500,204	$190,947	$1,797,746	$309,257
2022	$242,980	$153,697	$1,426,626	$89,283
2021	$250,212	$145,351	$1,486,752	$104,861
2020	$258,211	$176,260	$1,351,843	$81,951
2019	$215,786	$175,006	$1,236,387	$40,780
2018	$187,467	$162,454	$1,133,123	$25,013