NAVESINK HOOK & LADDER CO NO 1 (EIN 223483607) - 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

1932

Legal Domicile

Principal Officer

MATTHEW J CHESEK

Tax Period

2024-01-01 to 2024-12-31

NAVESINK HOOK & LADDER CO NO 1, founded in 1932, is a small nonprofit in the Public Safety sector that reported $177K in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $31K, a strong 18% operating margin.

Mission

NAVESINK HOOK & LADDER CO. NO. 1 WAS ORGANIZED AND INCORPORATED FOR THE PURPOSE OF THE PRESERVATION AND PROTECTION OF LIFE AND LIBERTY FROM AND DURING FIRES AS MAY OCCUR IN THE VILLAGE OF NAVESINK AND SURROUNDING TERRITORIES.

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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 $74,820

Program Service Revenue $0

Investment Income $5,463

Other Revenue $96,504

TOTAL REVENUE $176,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $5,157

Program Expenses $123,214

Other Expenses $145,328

TOTAL EXPENSES $145,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,787	$296,831	-0.4%
Expenses	$145,328	$226,328	-0.4%
Net Income	$31,459	$70,503	-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

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
MARIO ARRIEMA	FINANCIAL SE	N/A	Officer	$0	$0	$0
PETER CERSOLI	SECRETARY	N/A	Officer	$0	$0	$0
MATTHEW J CHESEK	PRESIDENT	N/A	Officer	$0	$0	$0
RUSSELL MOUNT III	VICE PRESIDE	N/A	Officer	$0	$0	$0
MELISSA TIMM	TREASURER	N/A	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	$176,787	$145,328	$483,091	$31,459
2023	$296,831	$226,328	$451,632	$70,503
2022	$408,632	$393,683	$381,129	$14,949
2021	$410,518	$308,507	$474,795	$102,011
2020	$181,556	$155,016	$372,784	$26,540
2019	$220,900	$168,884	$378,729	$52,016
2018	$213,713	$192,541	$355,128	$21,172

NAVESINK HOOK & LADDER CO NO 1