NJ STATE FIREMENS ASSOCIATION HACK… - 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

1905

Legal Domicile

Principal Officer

CHRISTOPHER COLLOVA

Phone

2018936987

Tax Period

2025-01-01 to 2025-12-31

NJ STATE FIREMENS ASSOCIATION HACKENSACK, founded in 1905, is a small nonprofit that reported $379K in total revenue in fiscal year 2025. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 19% operating margin.

Mission

Review / vote on applications for financial need, assist firefighters retired firefighters and widows with medical , food, fuel, emergency expenses.

Program Service Accomplishments

Program 1

Expenses: $37,610

Assist firefighters widows with medical , food, emergency services. The organnization assisted 9 applicants for 2025.

Program 2

Expenses: $243,740

The state office uses these funds for office operating expenses of nursing home along with the assitance of firefighters attending the annual state firemens assocaition convention.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $358,442

Investment Income $20,240

Other Revenue $0

TOTAL REVENUE $378,682

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,540

Fundraising Expenses $0

Program Expenses $281,350

Other Expenses $249,878

TOTAL EXPENSES $305,028

Year-over-Year Comparison

	2025	2024	Change
Revenue	$378,682	$305,531	+0.2%
Expenses	$305,028	$269,434	+0.1%
Net Income	$73,654	$36,097	+1.0%

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

$9,620

Total Directors

Key Employees

$1,920

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Freeman	Secretary	005.00	Officer	$4,400	$0	$4,400
Chrsitopher Collova	Treasurer	005.00	Officer	$4,400	$0	$4,400
Fred Longobardi	Trustee	N/A		$2,000	$0	$2,000
Clayton Borchard	Trustee	N/A		$2,000	$0	$2,000
Frank Metzler	Trustee	N/A		$2,000	$0	$2,000
Charles Deluca	President	005.00	Officer	$500	$0	$500
Justin J Derevyanik	Representative	N/A	Key Emp	$400	$0	$400
Jose M Portacio	Representative	N/A	Key Emp	$400	$0	$400
Angelo Castronovo	Vice President	005.00	Officer	$320	$0	$320
Jason Peterson	Representative	N/A	Key Emp	$320	$0	$320
Michael Martinelli	Representative	N/A	Key Emp	$320	$0	$320
Leonard Coyman	Representative	N/A	Key Emp	$240	$0	$240
Keith G Rosazza	Representative	N/A	Key Emp	$160	$0	$160
Anthony Riehl	Representative	N/A	Key Emp	$80	$0	$80

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	$378,682	$305,028	$644,721	$73,654
2024	$305,531	$269,434	$571,067	$36,097
2023	$261,951	$235,743	$534,970	$26,208
2022	$225,110	$217,735	$508,762	$7,375
2021	$204,322	$189,475	$501,387	$14,847
2020	$201,605	$168,502	$486,540	$33,103

NJ STATE FIREMENS ASSOCIATION HACKENSACK