PREAKNESS VOLUNTEER FIRE CO NO 4

EIN: 237138715 501(c)(3) Public Safety

Wayne, NJ

Total Revenue
$97,452
Total Expenses
$64,624
Total Assets
$382,284
Net Assets
$382,284
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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
1924
Legal Domicile
NJ
Principal Officer
Sherwood Harvey
Phone
9739427274
Tax Period
2020-01-01 to 2020-12-31

PREAKNESS VOLUNTEER FIRE CO NO 4, founded in 1924, is a micro nonprofit in the Public Safety sector that reported $97K in total revenue in fiscal year 2020. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $33K, a strong 34% operating margin.

Mission

Fire and Emergency Response

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $48,372
Program Service Revenue $0
Investment Income $3,230
Other Revenue $45,850
TOTAL REVENUE $97,452

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $5,318
Program Expenses $33,191
Other Expenses $59,306
TOTAL EXPENSES $64,624

Year-over-Year Comparison

2020 2019 Change
Revenue $97,452 $113,360 -0.1%
Expenses $64,624 $86,527 -0.3%
Net Income $32,828 $26,833 +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

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Governance

Voting Members
35
Independent Members
35
Employees
N/A
Volunteers
39

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William Siegrist Trustee 0
Director
$0 $0 $0
Albert Piombo Trustee 0
Director
$0 $0 $0
Craig Bedoe Trustee 0
Director
$0 $0 $0
Sherwood Harvey President 0
Officer
$0 $0 $0
Keith Eckert Treasurer 0
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
2020 $97,452 $64,624 $382,284 $32,828
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