Volunteer Fire Company #2 of Hillsborough Township (EIN 226090185) - 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

1967

Legal Domicile

Principal Officer

Vincent Patti

Phone

9083595530

Tax Period

2023-01-01 to 2023-12-31

Volunteer Fire Company #2 of Hillsborough Township, founded in 1967, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $248K exceeded revenue, resulting in a 17% operating deficit.

Mission

Fire Protection - Provide fire fighting and fire suppression services to a designated area of Hillsborough Township New Jersey

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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 $68,331

Program Service Revenue $0

Investment Income $24,888

Other Revenue $118,676

TOTAL REVENUE $211,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,007

Other Expenses $248,007

TOTAL EXPENSES $248,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$211,895	$275,930	-0.2%
Expenses	$248,007	$247,597	+0.0%
Net Income	$-36,112	$28,333	-2.3%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
See Attached List	N/A	0.00	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
2024	No data	No data	No data	No data
2023	$211,895	$248,007	$3,224,969	$-36,112
2022	$275,930	$247,597	$3,261,081	$28,333
2021	$266,374	$203,380	$3,232,748	$62,994
2020	$225,642	$177,889	$3,156,873	$47,753
2019	$222,026	$183,703	$3,130,626	$38,323
2018	$220,972	$201,520	$3,092,303	$19,452

Volunteer Fire Company #2 of Hillsborough Township