PARAMUS BOROUGH FIRE COMPANY #1 (EIN 222645203) - 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

1922

Legal Domicile

Phone

2013907205

Tax Period

2021-01-01 to 2021-12-31

PARAMUS BOROUGH FIRE COMPANY #1, founded in 1922, is a micro nonprofit that reported $33K in total revenue in fiscal year 2021. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $41K exceeded revenue, resulting in a 23% operating deficit.

Mission

FIRE PROTECTION: BOROUGH OF PARAMUS

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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 (2021)

Revenue Breakdown

Contributions & Grants $33,481

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $33,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,021

Other Expenses $41,117

TOTAL EXPENSES $41,117

Year-over-Year Comparison

	2021	2020	Change
Revenue	$33,491	$47,685	-0.3%
Expenses	$41,117	$27,469	+0.5%
Net Income	$-7,626	$20,216	-1.4%

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

N/A

Independent Members

N/A

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
JOSEPH BIGGY	PRESIDENT	1.00	Officer	$0	$0	$0
MICHAEL LAFRANO	VICE PRESIDENT	1.00	Officer	$0	$0	$0
ERIC EDELSTEIN	SECRETARY	1.00	Officer	$0	$0	$0
ROBERT CAMMARANO	TREASURER	1.00	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
2021	$33,491	$41,117	$75,001	$-7,626
2020	$47,685	$27,469	$82,627	$20,216

PARAMUS BOROUGH FIRE COMPANY #1