HACKENSACK AREA FIRE & RESCUE DEPT (EIN 411524021) - 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

1970

Legal Domicile

Principal Officer

GAVIN PETERSON

Phone

2185477202

Tax Period

2023-01-01 to 2023-12-31

HACKENSACK AREA FIRE & RESCUE DEPT, founded in 1970, is a small nonprofit in the Public Safety sector that reported $258K in total revenue in fiscal year 2023. The organization ran a surplus of $76K, a strong 30% operating margin.

Mission

PROVIDE FIRE FIGHTING AND EMS SERVICES TO THE CITY OF HACKENSACK AND THE TOWNSHIPS OF HIRAM, POWERS, BIRCH LAKE, PINE LAKE, SHINGOBEE, TURTLE LAKE, AND WOODROW IN THE STATE OF MINNESOTA

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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 (2023)

Revenue Breakdown

Contributions & Grants $84,189

Program Service Revenue $181,720

Investment Income $168

Other Revenue $-8,535

TOTAL REVENUE $257,542

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,092

Fundraising Expenses $0

Program Expenses $167,831

Other Expenses $126,303

TOTAL EXPENSES $181,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,542	$247,531	+0.0%
Expenses	$181,395	$230,178	-0.2%
Net Income	$76,147	$17,353	+3.4%

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

N/A

Employees

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

$18,810

Total Directors

$18,810

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAVIN PETERSON	PRES/FIRE CH	5.00	Officer Director	$6,690	$0	$6,690
AMANDA HARDING	SECRETARY	2.00	Officer Director	$5,850	$0	$5,850
AARON ISSACS	VP - ASST CH	2.00	Officer Director	$4,170	$0	$4,170
JEFF WOODFORD	TREASURER	2.00	Officer Director	$2,100	$0	$2,100

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
2024	No data	No data	No data	No data
2023	$257,542	$181,395	$204,864	$76,147
2022	$247,531	$230,178	$143,612	$17,353
2021	$273,887	$239,837	$180,124	$34,050
2020	$238,728	$264,981	$199,843	$-26,253
2019	$236,271	$297,249	$254,296	$-60,978
2018	$208,654	$218,966	$365,805	$-10,312

HACKENSACK AREA FIRE & RESCUE DEPT