NJ STATE FIREFIGHTERS MUTUAL BENEVOLENT ASSOC INC

EIN: 237391851

RAHWAY, NJ

Total Revenue
$1,867,909
Total Expenses
$2,229,611
Total Assets
$1,696,580
Net Assets
$1,553,965
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1913
Legal Domicile
NJ
Principal Officer
ED DONNELLY
Phone
7324999250
Tax Period
2024-09-01 to 2025-08-31

NJ STATE FIREFIGHTERS MUTUAL BENEVOLENT ASSOC INC, founded in 1913, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

REPRESENT, PROTECT, AND EDUCATE THE FIREFIGHTERS, EMTS, AND DISPATCHERS THROUGHOUT THE STATE OF NJ.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,792
Program Service Revenue $1,679,363
Investment Income $140,250
Other Revenue $12,504
TOTAL REVENUE $1,867,909

Expense Breakdown

Grants Paid $0
Salaries & Benefits $504,746
Fundraising Expenses $0
Other Expenses $1,344,826
TOTAL EXPENSES $2,229,611

Year-over-Year Comparison

2024 2023 Change
Revenue $1,867,909 $1,497,152 +0.2%
Expenses $2,229,611 $1,508,373 +0.5%
Net Income $-361,702 $-11,221 +31.2%
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
13
Independent Members
6
Employees
33
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
8
$240,300
Total Directors
13
$264,300
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWIN DONNELLY PRESIDENT 30.00
Officer Director
$83,700 $0 $83,700
TROY POWELL TREASURER 20.00
Officer Director
$53,700 $0 $53,700
WAYNE WOLK VICE PRESIDENT 20.00
Officer Director
$40,200 $0 $40,200
TIMOTHY DUETSCH CENTRAL DISTRICT VP 20.00
Officer Director
$16,800 $0 $16,800
EDMUND MCKEOWN NORTHERN DISTRICT VP 20.00
Officer Director
$11,100 $0 $11,100
WILLIAM PELLETIERE TRUSTEE CHAIR 10.00
Director
$3,600 $0 $3,600
CHRISTOPHER ESPOSITO SECRETARY 20.00
Officer Director
$18,600 $0 $18,600
JASON LOMBARDI SGT. AT ARMS 20.00
Officer Director
$5,100 $0 $5,100
SHARIF JENNINGS TRUSTEE 10.00
Director
$5,100 $0 $5,100
HERSHEL RAWLS IV TRUSTEE 10.00
Director
$5,100 $0 $5,100
RYAN TROIANO TRUSTEE 10.00
Director
$5,100 $0 $5,100
KENNETH NEWMAN TRUSTEE 10.00
Director
$5,100 $0 $5,100
JOHN VARALLO SOUTHERN DISTRICT VP 20.00
Officer Director
$11,100 $0 $11,100
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
2025 $1,867,909 $2,229,611 $1,696,580 $-361,702
2024 $1,497,152 $1,508,373 $2,110,099 $-11,221
2023 $1,508,717 $1,467,566 $1,848,424 $41,151
2022 $1,429,153 $1,400,151 $1,781,095 $29,002
2021 $1,282,971 $1,178,230 $1,775,014 $104,741
2020 $1,202,500 $1,152,657 $1,685,907 $49,843
2019 $1,232,822 $1,211,241 $1,546,867 $21,581
2018 $1,140,687 $1,075,855 $1,522,521 $64,832
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