Newark Firefighters Union of New J… - 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

1964

Legal Domicile

Phone

9737337313

Tax Period

2024-06-01 to 2025-05-31

Newark Firefighters Union of New Jersey, founded in 1964, is a small nonprofit in the Employment sector that reported $625K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

Members Benefit from the improvements of working conditions, training and updated equipment and efficiency in contract negotiations

Program Service Accomplishments

Program 1

Expenses: $543,006 Revenue: $624,539

Members Benefit from the improvements of working conditions, training and updated equipment and efficiency in contract negotiations

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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 $500,332

Program Service Revenue $8,032

Investment Income $7,858

Other Revenue $108,317

TOTAL REVENUE $624,539

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $66,638

Fundraising Expenses $103,884

Program Expenses $543,006

Other Expenses $508,959

TOTAL EXPENSES $666,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$624,539	$504,240	+0.2%
Expenses	$666,168	$520,243	+0.3%
Net Income	$-41,629	$-16,003	+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

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

$56,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Giunta	President	40.00	Officer	$15,224	$0	$15,224
Edwin Paulo	Vice President	20.00	Officer	$14,212	$0	$14,212
Javier Morales	Treasurer	20.00	Officer	$11,165	$0	$11,165
Dannt Espaillat	Recording Secretary	20.00	Officer	$9,937	$0	$9,937
Naazir Jackson	2nd Vice President	5.00	Officer	$6,090	$0	$6,090
Johnathan Yerovi	Board of Directors	1.00	Director	$0	$0	$0
Wilky Rodriguez	Board of Directors	1.00	Director	$0	$0	$0
Tony Da Silva	Board of Directors	1.00	Director	$0	$0	$0
Courtney Benjamin	Board of Directors	1.00	Director	$0	$0	$0
Michael Zuena	Board of Directors	1.00	Director	$0	$0	$0
Edward Karran	Sgt at Arms	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
2025	$624,539	$666,168	$738,013	$-41,629
2024	$504,240	$520,243	$790,239	$-16,003
2023	$595,376	$555,715	$822,347	$39,661
2022	$469,065	$546,164	$757,152	$-77,099
2021	$479,247	$408,458	$842,593	$70,789
2020	$466,242	$360,848	$779,980	$105,394
2019	$430,918	$365,262	$682,275	$65,656
2018	$469,076	$481,387	$623,332	$-12,311

Newark Firefighters Union of New Jersey