CHATHAM TOWNSHIP VOLUNTEER FIRE DEPT (EIN 226101872) - 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

JAMES KERN

Phone

9084035349

Tax Period

2023-01-01 to 2023-12-31

CHATHAM TOWNSHIP VOLUNTEER FIRE DEPT, founded in 1925, is a small nonprofit in the Public Safety sector that reported $216K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $1.7M represent 94 months of operating reserves.

Mission

TO SUPPORT THE EFFORTS OF FIREFIGHTING AND FIRE PREVENTION IN CHATHAM, NJ

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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 $183,898

Program Service Revenue $1,905

Investment Income $30,320

Other Revenue $0

TOTAL REVENUE $216,123

Expense Breakdown

Grants Paid $1,250

Salaries & Benefits $0

Fundraising Expenses $7,390

Program Expenses $182,545

Other Expenses $225,958

TOTAL EXPENSES $227,208

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,123	$265,799	-0.2%
Expenses	$227,208	$287,825	-0.2%
Net Income	$-11,085	$-22,026	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GENTLES	PRESIDENT	5.00	Officer Director	$0	$0	$0
BRIAN WURDEMANN	V.PRESIDENT	5.00	Officer Director	$0	$0	$0
JAMES KERN	TREASURER	5.00	Officer Director	$0	$0	$0
JOHN ARMSTRONG	RECORDING SECRETARY	2.00	Officer Director	$0	$0	$0
OLIVA BARRY	CORRESPONDING SECRETARY	2.00	Officer Director	$0	$0	$0
MATHEW CHASE	TRUSTEE	2.00	Director	$0	$0	$0
JAMES SOCCODATO	TRUSTEE	2.00	Director	$0	$0	$0
A SCHMUCKER	TRUSTEE	2.00	Director	$0	$0	$0
JAKE ALMGREN	TRUSTEE	2.00	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	$216,123	$227,208	$1,694,264	$-11,085
2022	$265,799	$287,825	$1,633,902	$-22,026
2021	$349,596	$248,152	$1,752,214	$101,444
2020	$284,501	$170,305	$1,606,496	$114,196
2019	$215,408	$160,351	$1,444,833	$55,057
2018	$242,800	$277,000	$1,318,319	$-34,200

CHATHAM TOWNSHIP VOLUNTEER FIRE DEPT