New Jersey State Firemens Assoc-Paramus (EIN 237081789) - 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

1935

Legal Domicile

Principal Officer

William A Rice

Phone

2012618418

Tax Period

2025-01-01 to 2025-12-31

New Jersey State Firemens Assoc-Paramus, founded in 1935, is a small nonprofit that reported $305K in total revenue in fiscal year 2025. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 27% operating margin.

Mission

Assist firefighters and their families in times of need

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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 $269,026

Investment Income $35,657

Other Revenue $0

TOTAL REVENUE $304,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,675

Fundraising Expenses $0

Program Expenses $217,048

Other Expenses $205,579

TOTAL EXPENSES $221,754

Year-over-Year Comparison

	2025	2024	Change
Revenue	$304,683	$224,310	+0.4%
Expenses	$221,754	$183,815	+0.2%
Net Income	$82,929	$40,495	+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

Employees

N/A

Volunteers

180

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

$4,675

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Leib	President	1.00	Officer	$0	$500	$500
Kenneth Krausz	Secretary	2.50	Officer	$0	$2,075	$2,075
William Rice	Treasurer	2.50	Officer	$0	$2,100	$2,100
Timothy Ferguson	Vice President	1.00	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
2025	$304,683	$221,754	$1,152,102	$82,929
2024	$224,310	$183,815	$1,069,173	$40,495
2023	$205,192	$152,471	$1,028,678	$52,721
2022	$160,169	$139,402	$975,957	$20,767
2021	$145,098	$124,410	$955,190	$20,688
2020	$138,941	$106,498	$934,502	$32,443

New Jersey State Firemens Assoc-Paramus