NJ STATE FIREFIGHTERS MUTUAL BENEV… - Form 990 Financial Data

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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

1913

Legal Domicile

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

IT IS THE MISSION OF THE NEW JERSEY FIREFIGHTERS MUTUAL BENEVOLENT ASSOCIATION TO REPRESENT, PROTECT, AND EDUCATE THE FIREFIGHTERS, EMTS, AND DISPATCHERS THROUGHOUT THE STATE OF NEW JERSEY THROUGH REPRESENTATION AT THE LOCAL, STATE, AND FEDERAL LEVEL. TO ADVOCATE ON THE PUBLICS' BEHALF FOR LEGISLATION THAT PROTECTS BOTH OUR CITIZENS AND FIRST RESPONDERS' SAFETY. TO PROTECT AND MAINTAIN THE HEALTH BENEFITS, PENSIONS, STAFFING, AND ANY OTHER BENEFIT NEGOTIATED FOR OUR MEMBERS THROUGH COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

THE NJ STATE FMBA REPRESENTS, PROTECTS, AND EDUCATES THE FIREFIGHTERS, EMTS, AND DISPATCHERS THROUGHOUT THE STATE OF NEW JERSEY THROUGH REPRESENTATION AT THE LOCAL, STATE, AND FEDERAL LEVEL. TO...

THE NJ STATE FMBA REPRESENTS, PROTECTS, AND EDUCATES THE FIREFIGHTERS, EMTS, AND DISPATCHERS THROUGHOUT THE STATE OF NEW JERSEY THROUGH REPRESENTATION AT THE LOCAL, STATE, AND FEDERAL LEVEL. TO ADVOCATE ON THE PUBLICS' BEHALF FOR LEGISLATION THAT PROTECTS BOTH OUR CITIZENS AND FIRST RESPONDERS' SAFETY. TO PROTECT AND MAINTAIN THE HEALTH BENEFITS, PENSIONS, STAFFING, AND ANY OTHER BENEFIT NEGOTIATED FOR OUR MEMBERS THROUGH COLLECTIVE BARGAINING. EXPENDITURES FOR THESE ACCOMPLISHMENTS INCLUDE; TRAINING AND SAFETY CONVENTIONS TOTAL $432,330. NJS FMBA COMMITTEE EXPENSES ARE COMPRISED OF TRAVEL REACHING ACROSS THE STATE OF NEW JERSEY, COVERING 166 LOCALS DISCUSSING HEALTH BENEFITS, LEGAL PROTECTION, SAFETY, PENSIONS, AND NEGOTIATIONS POINTS. FURTHER, PROVIDING THE MEMBERSHIP WITH GOOD & WELFARE, A PICNIC, VALOR AWARDS, WAYS & MEANS, AND THE BULLETIN- SHARING THE WORKS AND CURRENT TOPICS APPLICABLE TO THE MEMBERS OF THE NJ STATE FMBA.

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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 $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

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

$240,300

Total Directors

$264,300

Key Employees

Highest Compensated

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

NJ STATE FIREFIGHTERS MUTUAL BENEVOLENT ASSOC INC