NEW JERSEY STATE FIREMENS ASSOC - FLORHAM PARK (EIN 226033261) - 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

1903

Legal Domicile

Phone

9733773241

Tax Period

2023-01-01 to 2023-12-31

NEW JERSEY STATE FIREMENS ASSOC - FLORHAM PARK, founded in 1903, is a small nonprofit that reported $152K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $49K, a strong 32% operating margin.

Mission

Provide financial relief for firefighters in need and expenses for annual NJ State Firemen's convention and support to NJSFA (New Jersey State Firemen's Association) assessment for firefighter relief and burial benefits, firemen's home operation, and organizational purposes.

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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 $0

Investment Income $18,253

Other Revenue $133,968

TOTAL REVENUE $152,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,396

Fundraising Expenses $0

Program Expenses $94,144

Other Expenses $93,293

TOTAL EXPENSES $102,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,221	$136,011	+0.1%
Expenses	$102,939	$102,268	+0.0%
Net Income	$49,282	$33,743	+0.5%

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

$5,396

Total Directors

$4,797

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Young	Secretary	5	Officer Director	$1,500	$0	$1,500
Philip Brower	Treasurer	5	Officer Director	$1,500	$0	$1,500
John Merkel	Vice President	1.5	Officer Director	$0	$599	$599
Edward Gregorio	Assistant Treasurer	2	Officer Director	$0	$599	$599
Robert Gallina Jr	Assistant Secretary	1.50	Officer Director	$0	$599	$599
Matthew Allen	President	1.5	Officer	$0	$599	$599
George Grivalsky	Represenative	0.5	Director	$0	$0	$0
Jonathan Young	Representattive	0.5	Director	$0	$0	$0
Robert Newhouse	Representative	1.5	Director	$0	$0	$0
Robert VanBenschoten	Representative	0.5	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	$152,221	$102,939	$738,971	$49,282
2022	$136,011	$102,268	$689,689	$33,743
2021	$140,567	$91,500	$655,946	$49,067
2020	$100,356	$62,488	$606,879	$37,868

NEW JERSEY STATE FIREMENS ASSOC - FLORHAM PARK