NEW JERSEY STATE FIREMENS ASSOCIATION TOMS RIVER FIREMANS RELIEF ASSOC (EIN 237081888) - 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

Phone

7323004623

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY STATE FIREMENS ASSOCIATION TOMS RIVER FIREMANS RELIEF ASSOC is a small nonprofit that reported $486K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $437K left a modest 10% surplus.

Mission

This organization was created by the NJ State Senate. This organization was created by state statute to provide financial assistance and support to needy or indigent firefighters or their families. Funding is by insurance premiums investment income.

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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 $52,073

Other Revenue $434,278

TOTAL REVENUE $486,351

Expense Breakdown

Grants Paid $90,523

Salaries & Benefits $30,300

Fundraising Expenses $0

Program Expenses $90,523

Other Expenses $316,015

TOTAL EXPENSES $436,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$486,351	$378,568	+0.3%
Expenses	$436,838	$315,892	+0.4%
Net Income	$49,513	$62,676	-0.2%

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

$13,300

Total Directors

$30,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS McCANN	Secretary	10.00	Officer Director	$5,100	$0	$5,100
JOHN DELESANDRO 3RD	Treasurer	10.00	Officer Director	$5,100	$0	$5,100
RICHARD TUTELA	Trustee-Secreta	10.00	Director	$5,100	$0	$5,100
DOUGLAS FOLEY	Trustee	10.00	Director	$1,700	$0	$1,700
KENNETH TAYLOR	President	10.00	Officer Director	$1,700	$0	$1,700
ANDREW JENSEN	Trustee	10.00	Director	$1,700	$0	$1,700
RYAN LAVIGNE	Trustee	10.00	Director	$1,700	$0	$1,700
GEORGE CONVERY JR	Trustee	10.00	Director	$1,700	$0	$1,700
WILLIAM GOLKIEWICZ	Trustee	10.00	Director	$1,700	$0	$1,700
KEVIN BRITTON	Trustee	10.00	Director	$1,700	$0	$1,700
CARLTON SEAMAN JR	Trustee	10.00	Director	$1,700	$0	$1,700
ANDREW GORESH JR	Vice President	10.00	Officer Director	$1,400	$0	$1,400

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	$486,351	$436,838	$1,657,685	$49,513
2023	$378,568	$315,892	$1,608,172	$62,676
2022	$344,542	$356,810	$1,545,496	$-12,268
2021	$325,109	$303,093	$1,557,764	$22,016
2020	$335,152	$374,593	$1,535,748	$-39,441

NEW JERSEY STATE FIREMENS ASSOCIATION TOMS RIVER FIREMANS RELIEF ASSOC