NEWARK FIRE OFFICERS UNION ACCOLAD… - 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

2011

Legal Domicile

Principal Officer

THOMAS V SHEA

Phone

9737337440

Tax Period

2024-01-01 to 2024-12-31

Mission

To find and recognize public high school seniors with exceptional leadership potential who are committed to extending their education; to provide them with financial support for undergraduate study, and fellowship

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE ORGANIZATION HELD NO FUNDRAISING ACTIVITIES, NOR DID THEY AWARD ANY SCHOLARSHIPS IN 2024. THIS IS THE ORGANIZATIONS FINAL TAX RETURN.

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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 $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	$55	-1.0%
Net Income	N/A	$-55	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS V SHEY	PRESIDENT	5.00	Officer	$0	$0	$0
GREG MEEHAN	VICE RPESIDENT	2.00	Officer	$0	$0	$0
HELDER FONSECA	TREASURER	1.00	Officer	$0	$0	$0
ANGELA ANEMOYANIS	TRUSTEE	1.00	Director	$0	$0	$0
CARL PINAL	SECRETARY	1.00	Officer	$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	No data	No data	No data	No data
2023	No data	$55	$381	No data
2022	No data	$116	$381	No data
2021	No data	$31	$381	No data
2020	No data	$1,411	$381	No data
2019	No data	$1,465	$381	No data
2018	No data	$1,455	$381	No data

NEWARK FIRE OFFICERS UNION ACCOLADE SCHOLARSHIP PROGRAM INC