Passaic Paid Firemens Relief Association (EIN 237081792) - 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

1910

Legal Domicile

Principal Officer

Jonathan Pearson

Phone

9739458444

Tax Period

2024-01-01 to 2024-12-31

Passaic Paid Firemens Relief Association, founded in 1910, is a small nonprofit that reported $328K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 20% operating margin.

Mission

Created by New Jersey State Statute, the purpose of this association is to provide financial support to needy firefighters and their families.

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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 $0

Investment Income $10,988

Other Revenue $316,868

TOTAL REVENUE $327,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,625

Fundraising Expenses $0

Program Expenses $235,614

Other Expenses $231,410

TOTAL EXPENSES $261,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,856	$269,256	+0.2%
Expenses	$261,053	$206,457	+0.3%
Net Income	$66,803	$62,799	+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

N/A

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

$12,375

Total Directors

$12,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Guillermo Hernandez	President	5.00	Officer	$2,875	$0	$2,875
Robert M Munier	Vice President	5.00	Officer	$1,250	$0	$1,250
Jacob B Hrywniak	Secretary	5.00	Officer	$4,125	$0	$4,125
Jonathan Pearson	Treasurer	5.00	Officer	$4,125	$0	$4,125
Jason A Ayala	Representative	2.00	Director	$0	$250	$250
Michell Boudaher	Representative	2.00	Director	$1,250	$0	$1,250
Barbara A Delacruz	Representative	2.00	Director	$1,250	$0	$1,250
Brandon Alston	Representative	2.00	Director	$1,250	$0	$1,250
James E Kovacs	Representative	2.00	Director	$1,250	$0	$1,250
Nelson A Castillo Jr	Representative	2.00	Director	$1,250	$0	$1,250
Patrick V Trentacost	Representative	2.00	Director	$1,250	$0	$1,250
Justin F Jones	Representative	2.00	Director	$1,250	$0	$1,250
Nicholas Alberti	Representative	2.00	Director	$1,250	$0	$1,250
Jorge M Martinezmorales	Trustee	1.00	Director	$0	$250	$250
Ahzyi J Anderson	Trustee	1.00	Director	$0	$250	$250
Joseph L Feliciano Jr	Trustee	1.00	Director	$1,250	$0	$1,250
Damien M Pilipski	Trustee	1.00	Director	$0	$250	$250

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	$327,856	$261,053	$1,480,641	$66,803
2023	$269,256	$206,457	$1,413,838	$62,799
2022	$215,850	$173,121	$1,351,036	$42,729
2021	$194,373	$148,205	$1,308,307	$46,168
2020	$200,155	$138,554	$1,262,139	$61,601
2019	$190,720	$136,922	$1,200,538	$53,798
2018	$189,410	$139,391	$1,146,740	$50,019

Passaic Paid Firemens Relief Association