NJ STATE FIREMENS ASSOCIATION (EIN 510233536) - 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

1978

Legal Domicile

Phone

6463216994

Tax Period

2024-01-01 to 2024-12-31

NJ STATE FIREMENS ASSOCIATION, founded in 1978, is a small nonprofit that reported $192K in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $65K, a strong 34% operating margin.

Mission

PROVIDE FOR AND MAINTAIN A FUND FOR THE RELIEF AND SUPPORT OF NEEDY FIREFIGHTERS WHO ARE MEMBERS OF THIS ASSOCIATION 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 $161,557

Investment Income $29,957

Other Revenue $0

TOTAL REVENUE $191,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,198

Fundraising Expenses $0

Other Expenses $125,140

TOTAL EXPENSES $126,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,514	$145,838	+0.3%
Expenses	$126,338	$86,767	+0.5%
Net Income	$65,176	$59,071	+0.1%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SILVANI	PRESIDENT	2.00	Officer	$0	$0	$0
BERNARD BARNES	VICE PRESIDENT	2.00	Officer	$0	$0	$0
GREGORY PLAYER	SECRETARY	4.00	Officer	$0	$0	$0
MICHAEL BARDSLEY	TREASURER	4.00	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	$191,514	$126,338	$1,152,070	$65,176
2023	$145,838	$86,767	$1,086,894	$59,071
2022	$109,449	$73,395	$1,027,823	$36,054
2021	$107,628	$84,086	$991,769	$23,542
2020	$115,019	$54,975	$968,227	$60,044

NJ STATE FIREMENS ASSOCIATION