NEW JERSEY STATE FIREMENS ASSOCIATION (EIN 237453187) - 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

1913

Legal Domicile

Principal Officer

Richard LaRaia

Phone

2015692078

Tax Period

2024-01-01 to 2024-12-31

NEW JERSEY STATE FIREMENS ASSOCIATION, founded in 1913, is a small nonprofit that reported $162K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 24% operating margin.

Mission

To provide relief to fireman and their families

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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 $23,877

Other Revenue $137,759

TOTAL REVENUE $161,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,000

Fundraising Expenses $0

Program Expenses $123,386

Other Expenses $105,386

TOTAL EXPENSES $123,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$161,636	$113,820	+0.4%
Expenses	$123,386	$81,919	+0.5%
Net Income	$38,250	$31,901	+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

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

$18,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy Regan	Secretary	2	Officer	$6,500	$0	$6,500
Richard LaRaia	Treasurer	2	Officer	$6,500	$0	$6,500
George Drimones	President	0.10	Officer	$2,500	$0	$2,500
Christian Drimones	Vice President	0.1	Officer	$2,500	$0	$2,500

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	No data	No data	No data	No data
2024	$161,636	$123,386	$713,674	$38,250
2023	$113,820	$81,919	$675,424	$31,901
2022	$94,419	$73,458	$643,523	$20,961
2021	$58,139	$47,584	$622,562	$10,555
2020	$73,852	$46,485	$612,007	$27,367

NEW JERSEY STATE FIREMENS ASSOCIATION