MORRISTOWN AIRPORT AIRCRAFT RESCUE AND FIREFIGHTING ASSOCIATION INC (EIN 223442785) - 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

1996

Legal Domicile

Principal Officer

ALBERT MUNOZ

Phone

9735386400

Tax Period

2023-01-01 to 2023-12-31

MORRISTOWN AIRPORT AIRCRAFT RESCUE AND FIREFIGHTING ASSOCIATION INC, founded in 1996, is a small nonprofit that reported $857K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Net assets of $2.4M represent 33 months of operating reserves.

Mission

PROVISION OF AIRCRAFT RESCUE AND FIREFIGHTING SERVICES AT MORRISTOWN MUNICIPAL AIRPORT

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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 $853,201

Investment Income $3,552

Other Revenue $0

TOTAL REVENUE $856,753

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $844,602

Other Expenses $900,669

TOTAL EXPENSES $900,669

Year-over-Year Comparison

	2023	2022	Change
Revenue	$856,753	$940,597	-0.1%
Expenses	$900,669	$925,688	0.0%
Net Income	$-43,916	$14,909	-3.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MCMAHON	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALBERT MUNOZ	TREASURER	1.00	Officer Director	$0	$0	$0
DAN FERN	TRUSTEE	1.00	Director	$0	$0	$0
ADAM GNALL	TRUSTEE	1.00	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	No data	No data	No data	No data
2023	$856,753	$900,669	$2,459,428	$-43,916
2022	$940,597	$925,688	$2,431,308	$14,909
2021	$827,148	$840,205	$2,473,928	$-13,057
2020	$594,433	$810,681	$2,430,751	$-216,248
2019	$973,397	$796,565	$2,749,801	$176,832
2018	$1,010,138	$764,778	$2,518,523	$245,360

MORRISTOWN AIRPORT AIRCRAFT RESCUE AND FIREFIGHTING ASSOCIATION INC