Budd Lake Vol Fire Dept of Mt Olive Twp Inc (EIN 223796800) - 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

1931

Legal Domicile

Principal Officer

Walter Lata

Phone

9736918770

Tax Period

2023-01-01 to 2023-12-31

Budd Lake Vol Fire Dept of Mt Olive Twp Inc, founded in 1931, is a small nonprofit in the Public Safety sector that reported $356K in total revenue in fiscal year 2023. Revenue surged 137% from the prior year, signaling strong growth momentum. The organization ran a surplus of $103K, a strong 29% operating margin.

Mission

Volunteer Fire Department

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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 $157,271

Program Service Revenue $0

Investment Income $75,236

Other Revenue $123,029

TOTAL REVENUE $355,536

Expense Breakdown

Grants Paid $225

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,418

Other Expenses $252,329

TOTAL EXPENSES $252,554

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,536	$149,809	+1.4%
Expenses	$252,554	$303,543	-0.2%
Net Income	$102,982	$-153,734	-1.7%

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

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
Walter Lata	President	15.00	Officer	$0	$0	$0
Dominic Savarese	Vice President	15.00	Officer	$0	$0	$0
Robert Hill	Treasurer	15.00	Officer	$0	$0	$0
Eugene Terrezza	Secretary	15.00	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	$355,536	$252,554	$1,666,303	$102,982
2022	$149,809	$303,543	$1,627,571	$-153,734
2021	$386,335	$263,900	$1,777,015	$122,435
2020	$323,319	$256,084	$1,752,805	$67,235
2020	$323,319	$256,084	$1,752,805	$67,235
2019	$348,773	$280,390	$1,694,070	$68,383
2018	$250,472	$298,194	$1,635,739	$-47,722

Budd Lake Vol Fire Dept of Mt Olive Twp Inc