NEWARK FIRE OFFICERS UNION IAFF LOCAL 1860 INC (EIN 237082458) - 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

2008

Legal Domicile

Principal Officer

THOMAS V SHEA

Phone

9737337440

Tax Period

2024-01-01 to 2024-12-31

NEWARK FIRE OFFICERS UNION IAFF LOCAL 1860 INC, founded in 2008, is a small nonprofit that reported $309K in total revenue in fiscal year 2024.

Mission

UNION ORGANIZATION

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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 $299,867

Program Service Revenue $0

Investment Income $3,350

Other Revenue $5,618

TOTAL REVENUE $308,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,869

Fundraising Expenses $0

Other Expenses $222,453

TOTAL EXPENSES $337,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$308,835	$303,062	+0.0%
Expenses	$337,522	$346,671	0.0%
Net Income	$-28,687	$-43,609	-0.3%

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

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

Total Directors

$98,956

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY TARANTINO	OFFICE MANAGER	0.00	Director	$12,000	$0	$12,000
JOHN MEIXEDO	SECRETARY	5.00	Director	$5,893	$0	$5,893
JOSE CANTARA	TOUR REPRESENTATIVE	5.00	Director	$2,095	$0	$2,095
HELDER FONSECA	TREASURER	5.00	Director	$7,857	$0	$7,857
THOMAS V SHEA	PRESIDENT	40.00	Director	$39,288	$0	$39,288
GREGORY MEEHAN	VICE PRESIDENT	40.00	Director	$26,192	$0	$26,192
CARL PINAL JR	SECRETARY	5.00	Director	$3,536	$0	$3,536
LAWRENCE BEST	TOUR REPRESENTATIVE	5.00	Director	$1,048	$0	$1,048
JOEL LUGARDO	TOUR REPRESENTATIVE	5.00	Director	$349	$0	$349
FRANCISCO DE OLIVEIRA	TOUR REPRESENTATIVE	5.00	Director	$349	$0	$349
THOMAS JENKINS	TOUR REPRESENTATIVE	5.00	Director	$349	$0	$349

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	$308,835	$337,522	$230,921	$-28,687
2023	$303,062	$346,671	$258,841	$-43,609
2022	$369,071	$328,013	$346,813	$41,058
2021	$248,421	$292,508	$303,477	$-44,087
2020	$275,196	$258,198	$340,003	$16,998
2019	$286,846	$309,500	$326,951	$-22,654
2018	$316,658	$284,976	$355,425	$31,682

NEWARK FIRE OFFICERS UNION IAFF LOCAL 1860 INC