RIVER EDGE VOLUNTEER FIRE DEPARTME… - Form 990 Financial Data

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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

1997

Legal Domicile

Principal Officer

NEIL CARROLL

Phone

2015997333

Tax Period

2023-01-01 to 2023-12-31

RIVER EDGE VOLUNTEER FIRE DEPARTMENT INC, founded in 1997, is a micro nonprofit in the Public Safety sector that reported $66K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. Expenses of $58K left a modest 12% surplus.

Mission

RIVER EDGE VOLUNTEER FIRE DEPARTMENT, INC. APPROX 60 MEN & WOMEN DEDICATED TO PROVIDING FIRE PROTECTION AND FIRE PREVENTION EDUCATION TO THE RESIDENTS AND BUSINESSES OF THE BOROUGH OF RIVER EDGE, NJ.

Program Service Accomplishments

Program 1

Expenses: $40,526

RIVER EDGE VOLUNTEER FIRE DEPARTMENT, INC. APPROX 60 MEN & WOMEN DEDICATED TO PROVIDING FIRE PROTECTION AND FIRE PREVENTION EDUCATION TO THE RESIDENTS AND BUSINESSES OF THE BOROUGH OF RIVER EDGE, NJ.

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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 $58,767

Program Service Revenue $0

Investment Income $605

Other Revenue $6,179

TOTAL REVENUE $65,551

Expense Breakdown

Grants Paid $4,530

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,526

Other Expenses $53,343

TOTAL EXPENSES $57,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$65,551	$29,538	+1.2%
Expenses	$57,873	$42,661	+0.4%
Net Income	$7,678	$-13,123	-1.6%

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

N/A

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
GREG CARIDDI	PRESIDENT	100.00	Officer	$0	$0	$0
ROBERT SCHLOSSBERG	VICE PRESIDENT	0.00	Officer	$0	$0	$0
SETH HANAUER	SECRETARY	0.00	Officer	$0	$0	$0
MARK MITCHELL	TREASURER	0.00	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	No data	No data	No data	No data
2023	$65,551	$57,873	$195,319	$7,678
2022	$29,538	$42,661	$187,641	$-13,123
2021	$23,716	$25,132	$200,764	$-1,416
2020	$18,957	$20,343	$202,180	$-1,386
2019	$64,814	$55,151	$203,566	$9,663
2018	$54,122	$53,185	$193,903	$937

RIVER EDGE VOLUNTEER FIRE DEPARTMENT INC