MORRISTOWN FIREMEN'S RELIEF ASSOCIATION (EIN 416029241) - 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

1942

Legal Domicile

Principal Officer

TIM BOESE

Phone

5078386271

Tax Period

2024-01-01 to 2024-12-31

MORRISTOWN FIREMEN'S RELIEF ASSOCIATION, founded in 1942, is a small nonprofit that reported $374K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $223K, a strong 60% operating margin.

Mission

TO PROVIDE RETIREMENT BENEFITS FOR VOLUNTEER FIREFIGHTERS.

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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 $52,155

Program Service Revenue $0

Investment Income $308,642

Other Revenue $13,313

TOTAL REVENUE $374,110

Expense Breakdown

Grants Paid $218,693

Salaries & Benefits $1,100

Fundraising Expenses $0

Program Expenses $144,475

Other Expenses $-69,170

TOTAL EXPENSES $150,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,110	$317,012	+0.2%
Expenses	$150,623	$126,158	+0.2%
Net Income	$223,487	$190,854	+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

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

$1,100

Total Directors

$1,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BOESE	PRESIDENT	2.00	Officer Director	$400	$0	$400
JOE CALDWELL	TREASURER	2.00	Officer Director	$400	$0	$400
MIKE AHLMAN	SECRETARY	2.00	Officer Director	$300	$0	$300
TODD SCHMIDTKE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL O'ROURKE	TRUSTEE	1.00	Director	$0	$0	$0
RANDY MESCHKE	TRUSTEE	1.00	Director	$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
2024	$374,110	$150,623	$1,982,495	$223,487
2023	$317,012	$126,158	$1,759,238	$190,854
2022	$54,787	$470,035	$1,567,297	$-415,248
2021	$331,428	$36,808	$1,992,115	$294,620
2020	$150,499	$135,226	$1,685,744	$15,273
2019	$55,220	$80,848	$1,501,642	$-25,628
2018	$49,389	$9,035	$1,223,771	$40,354

MORRISTOWN FIREMEN'S RELIEF ASSOCIATION