NEW JERSEY STATE FIREMANS ASSOC (LINDEN) (EIN 226034065) - 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

1925

Legal Domicile

Principal Officer

FRED G CASSEL

Phone

9088688426

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY STATE FIREMANS ASSOC (LINDEN), founded in 1925, is a small nonprofit that reported $439K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $98K, a strong 22% operating margin.

Mission

TO PROVIDE SICK AND DEATH BENEFITS TO FIREFIGHTERS, RETIRED FIREFIGHTERS AND WIDOWS OF FIREFIGHTERS AS ESTABLISHED BY NJ STATUTES.

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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 $0

Program Service Revenue $401,173

Investment Income $37,570

Other Revenue $0

TOTAL REVENUE $438,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,710

Fundraising Expenses $0

Program Expenses $340,006

Other Expenses $285,146

TOTAL EXPENSES $340,506

Year-over-Year Comparison

	2024	2023	Change
Revenue	$438,743	$329,514	+0.3%
Expenses	$340,506	$246,513	+0.4%
Net Income	$98,237	$83,001	+0.2%

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

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY R LAMBERT	TRUSTEE	1.00	Director	$1,500	$0	$1,500
THOMAS J CALLAHAN	TRUSTEE	1.00	Director	$3,000	$0	$3,000
STANLEY YASHAY	TRUSTEE	1.00	Director	$1,500	$0	$1,500
GEORGE KOSTREY	PRESIDENT	1.00		$4,000	$0	$4,000
LAWRENCE LUKENDA	VICE PRESIDENT	1.00		$1,500	$0	$1,500
GEORGE WASELESKI	SECRETARY	1.00		$4,000	$0	$4,000
FRED CASSEL	TREASURER	1.00		$7,500	$0	$7,500

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	$438,743	$340,506	$1,124,622	$98,237
2023	$329,514	$246,513	$1,026,385	$83,001
2022	$228,412	$182,332	$943,484	$46,080
2021	$176,838	$147,687	$897,404	$29,151
2020	$188,146	$146,915	$868,253	$41,231
2019	$190,954	$155,178	$827,022	$35,776
2018	$141,985	$124,727	$791,246	$17,258

NEW JERSEY STATE FIREMANS ASSOC (LINDEN)