North Bergen Firemen's Relief Association (EIN 510233498) - 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

1979

Legal Domicile

Principal Officer

Nicholas Vasta

Phone

2013709351

Tax Period

2023-01-01 to 2023-12-31

North Bergen Firemen's Relief Association, founded in 1979, is a small nonprofit that reported $276K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $92K, a strong 33% operating margin.

Mission

The North Bergen Firemens Relief Association provides financial assistance to qualified members and their families who file an application and demonstrate a need for financial assistance.

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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 $0

Program Service Revenue $0

Investment Income $37,933

Other Revenue $238,361

TOTAL REVENUE $276,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,000

Fundraising Expenses $0

Program Expenses $152,387

Other Expenses $152,944

TOTAL EXPENSES $184,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,294	$250,285	+0.1%
Expenses	$184,314	$185,288	0.0%
Net Income	$91,980	$64,997	+0.4%

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

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

$16,900

Total Directors

$5,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Venezia	Secretary	010.90	Officer	$6,300	$0	$6,300
Nicholas Vasta	Treasurer	010.90	Officer	$6,300	$0	$6,300
Patrick Keenan	President	004.90	Officer	$3,100	$0	$3,100
Thomas C Schwartz	Vice-President	002.40	Officer	$1,200	$0	$1,200
Elvis Pena	Trustee Chairman	001.30	Director	$575	$0	$575
Albert Salvesen	Representative	001.20	Director	$525	$0	$525
Stefan Vassallo	Representative	001.20	Director	$525	$0	$525
Glen Gavin	Representative	001.20	Director	$525	$0	$525
Steven Hillis	Representative	001.20	Director	$525	$0	$525
Jeffrey J DiPaolo	Representative	001.20	Director	$525	$0	$525
Steven M Wojtowicz	Trustee	001.85	Director	$475	$0	$475
Vincent Vacca	Trustee	000.75	Director	$475	$0	$475
Kevin B Cowan	Trustee Secretary	001.85	Director	$475	$0	$475
Michael A Carvajal	Trustee	000.85	Director	$475	$0	$475

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	No data	No data	No data	No data
2023	$276,294	$184,314	$1,349,163	$91,980
2022	$250,285	$185,288	$1,318,214	$64,997
2021	$233,027	$165,814	$1,363,761	$67,213
2020	$223,691	$142,762	$1,322,673	$80,929

North Bergen Firemen's Relief Association