BERNARDS FIREMENS RELIEF ASSOCIATION (EIN 237081519) - 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

1919

Legal Domicile

Principal Officer

Richard Hall

Phone

9087669874

Tax Period

2024-01-01 to 2024-12-31

BERNARDS FIREMENS RELIEF ASSOCIATION, founded in 1919, is a small nonprofit that reported $264K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 19% operating margin.

Mission

Provide for the benefit of aged and needy active and/or otherwise qualified Bernards Township fire persons and their families, and those injured, incapacitated or killed in the performance of their duty.

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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 $255,659

Investment Income $8,151

Other Revenue $0

TOTAL REVENUE $263,810

Expense Breakdown

Grants Paid $11,500

Salaries & Benefits $10,844

Fundraising Expenses $0

Program Expenses $212,833

Other Expenses $191,650

TOTAL EXPENSES $213,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,810	$175,392	+0.5%
Expenses	$213,994	$121,580	+0.8%
Net Income	$49,816	$53,812	-0.1%

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

$5,374

Total Directors

$5,470

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Moschello	Trustee	1.00	Director	$1,475	$0	$1,475
John Borchert	Trustee	1.00	Director	$0	$599	$599
Brendan Watt	Trustee	1.00	Director	$0	$500	$500
Robert Fullagar	Trustee	1.00	Director	$0	$599	$599
Christopher Hurst	Trustee	1.00	Director	$0	$599	$599
Charles Pisano	Representative	1.00	Director	$0	$500	$500
Peter Aprahamian	Representative	1.00	Director	$0	$599	$599
Gerald Modugno	Trustee	1.00	Director	$0	$599	$599
Todd Middleton	Secretary	1.00	Officer	$1,775	$0	$1,775
Kenneth White	Vice President	1.00	Officer	$0	$599	$599
Patrick DiLorenzo	President	1.00	Officer	$1,225	$0	$1,225
Richard Hall	Treasurer	1.00	Officer	$1,775	$0	$1,775

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	$263,810	$213,994	$1,721,624	$49,816
2023	$175,392	$121,580	$1,671,808	$53,812
2022	$163,944	$112,501	$1,617,996	$51,443
2021	$128,730	$80,879	$1,566,553	$47,851
2020	$125,634	$67,154	$1,518,702	$58,480
2019	$219,561	$121,700	$1,460,222	$97,861
2018	$147,286	$84,078	$1,362,361	$63,208

BERNARDS FIREMENS RELIEF ASSOCIATION