NEW JERSEY STATE FIREMENS PATERSON (EIN 237081794) - 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

1899

Legal Domicile

Phone

9735839746

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY STATE FIREMENS PATERSON, founded in 1899, is a small nonprofit that reported $646K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $621K left a modest 4% surplus.

Mission

PROVIDE FINANCIAL SUPPORT TO NEEDY OR INIGENT FIREFIGHTERS AND / OR 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 $584,711

Investment Income $58,313

Other Revenue $2,934

TOTAL REVENUE $645,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,250

Fundraising Expenses $0

Program Expenses $568,989

Other Expenses $421,211

TOTAL EXPENSES $621,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,958	$584,892	+0.1%
Expenses	$621,169	$591,774	+0.0%
Net Income	$24,789	$-6,882	-4.6%

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

$30,500

Total Directors

$8,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL TROMMELEN	SECRETARY	15.00	Officer	$10,000	$0	$10,000
JASON MACONES	TREASURER	15.00	Officer	$10,000	$0	$10,000
JOSEPH STATUTTO	PRESIDENT	10.00	Officer	$8,000	$0	$8,000
WILLIAM DUNCAN	TRUSTEE	6.00	Director	$5,000	$0	$5,000
KYLE HUGHES	VICE PRESIDENT	4.00	Officer	$2,500	$0	$2,500
MICHAEL DARCO	TRUSTEE	2.00	Director	$1,000	$0	$1,000
ROBERT STREMMLER	TRUSTEE	2.00	Director	$550	$0	$550
ARTHUR REDA	TRUSTEE	2.00	Director	$550	$0	$550
HERBERT EGGERS	TRUSTEE	2.00	Director	$550	$0	$550
FRANCISCO PERALTA	TRUSTEE	2.00	Director	$550	$0	$550
ANTHONY INNOCENT	TRUSTEE	2.00	Director	$550	$0	$550

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	$645,958	$621,169	$2,160,296	$24,789
2023	$584,892	$591,774	$2,135,507	$-6,882
2022	$433,044	$534,369	$2,142,389	$-101,325
2021	$416,251	$432,433	$2,243,714	$-16,182
2020	$413,772	$391,748	$2,259,896	$22,024
2019	$410,920	$343,745	$2,237,871	$67,175
2018	$350,720	$334,560	$2,170,545	$16,160

NEW JERSEY STATE FIREMENS PATERSON