PROPERTY OWNERS LEAGUE FIRE COMPANY NO 2 INC (EIN 226088539) - 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

1922

Legal Domicile

Principal Officer

GARY GIARDINA

Phone

9736940101

Tax Period

2024-01-01 to 2024-12-31

PROPERTY OWNERS LEAGUE FIRE COMPANY NO 2 INC, founded in 1922, is a small nonprofit in the Public Safety sector that reported $103K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Net assets of $536K represent 62 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES FIRE PROTECTION AND RELATED EMERGENCY SERVICES TO THE TOWNSHIP OF WAYNE, NEW JERSEY AND SURROUNDING COMMUNITIES THROUGH MUTUAL AID AGREEMENTS.

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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 $54,484

Program Service Revenue $0

Investment Income $21,136

Other Revenue $27,862

TOTAL REVENUE $103,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,030

Program Expenses $98,063

Other Expenses $105,802

TOTAL EXPENSES $105,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,482	$72,230	+0.4%
Expenses	$105,802	$107,876	0.0%
Net Income	$-2,320	$-35,646	-0.9%

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

$450

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS MCGILVRAY	SECRETARY	10.00	Officer	$0	$225	$225
WILLIAM WILLIAMS	TREASURER	5.00	Officer	$0	$225	$225
CHARLES CUNNINGHAM	TRUSTEE	3.00	Director	$0	$0	$0
DONALD SCHALCK	TRUSTEE	3.00	Director	$0	$0	$0
TIMOTHY VELARDI	TRUSTEE	3.00	Director	$0	$0	$0
ANTHONY GABRIEL	ASST. CHIEF	20.00	Officer	$0	$0	$0
GARY GIARDINA	PRESIDENT	8.00	Officer	$0	$0	$0
PAUL GLEBA	CHIEF	25.00	Officer	$0	$0	$0
KURT GOUGH	VICE PRESIDE	5.00	Officer	$0	$0	$0
MICHAEL LORUSSO	TREASURER	10.00	Officer	$0	$0	$0
CHRISTOPHER PAULISON	LIEUTENANT	15.00	Officer	$0	$0	$0
STEVEN TOTH	CAPTAIN	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	$103,482	$105,802	$536,160	$-2,320
2023	$72,230	$107,876	$525,870	$-35,646
2022	$74,400	$112,811	$546,857	$-38,411
2021	$85,032	$95,723	$619,282	$-10,691
2020	$69,777	$103,554	$629,973	$-33,777
2019	$78,357	$94,043	$663,750	$-15,686
2018	$107,642	$97,813	$675,173	$9,829

PROPERTY OWNERS LEAGUE FIRE COMPANY NO 2 INC