INDEPENDENT FIRE CO OF BELFORD NJ (EIN 223095699) - 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

1924

Legal Domicile

Principal Officer

SAME AS ABOVE

Phone

7329331258

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT FIRE CO OF BELFORD NJ, founded in 1924, is a micro nonprofit in the Public Safety sector that reported $61K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $77K exceeded revenue, resulting in a 27% operating deficit.

Mission

VOLUNTEER FIRE PROTECTION

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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 $50,527

Program Service Revenue $0

Investment Income $10,597

Other Revenue $0

TOTAL REVENUE $61,124

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,324

Other Expenses $77,355

TOTAL EXPENSES $77,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,124	$51,305	+0.2%
Expenses	$77,355	$116,404	-0.3%
Net Income	$-16,231	$-65,099	-0.8%

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

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
KYLE AYOTTE	VICE PRESIDENT	15.00	Officer	$0	$0	$0
WILLIAM HIBELL	TRUSTEE	15.00	Director	$0	$0	$0
DANIEL KELLY	TRUSTEE	15.00	Director	$0	$0	$0
MATT SIUZDAK	TREASURER	15.00	Officer	$0	$0	$0
WILLIAM DOWENS	PRESIDENT	15.00	Officer	$0	$0	$0
SEAN DOYLE	SECRETARY	15.00	Officer	$0	$0	$0
FRANK BIZZOCO	TRUSTEE	15.00	Director	$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	$61,124	$77,355	$671,626	$-16,231
2023	$51,305	$116,404	$687,857	$-65,099
2022	$37,721	$30,394	$752,956	$7,327
2021	$54,257	$14,687	$751,629	$39,570
2020	$71,593	$28,132	$789,710	$43,461

INDEPENDENT FIRE CO OF BELFORD NJ