New Jersey State Firemens Assoc-Sp… - 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

1923

Legal Domicile

Principal Officer

Robert G Wilhelm

Phone

9733439140

Tax Period

2025-01-01 to 2025-12-31

New Jersey State Firemens Assoc-Sparta, founded in 1923, is a small nonprofit that reported $522K in total revenue in fiscal year 2025. Revenue surged 73% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 27% operating margin.

Mission

Assist firefighters and their families in times of need.Assist firefighters and their families in times of need.

Program Service Accomplishments

Program 1

Expenses: $368,250 Revenue: $0

Assessments retained by State Association are used to pay burial benefits, operate Firemens Home in Booton, NJ, and provide special financial and health care assistance to firefighters and their...

Assessments retained by State Association are used to pay burial benefits, operate Firemens Home in Booton, NJ, and provide special financial and health care assistance to firefighters and their families.

Program 2

Expenses: $8,424 Revenue: $0

Reimbursement of expenses to Delegates and Life Members who attended the annual convention of the NJSFA in Wildwood, NJ.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $518,052

Investment Income $3,925

Other Revenue $0

TOTAL REVENUE $521,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,300

Fundraising Expenses $0

Program Expenses $376,674

Other Expenses $376,862

TOTAL EXPENSES $383,162

Year-over-Year Comparison

	2025	2024	Change
Revenue	$521,977	$302,524	+0.7%
Expenses	$383,162	$225,497	+0.7%
Net Income	$138,815	$77,027	+0.8%

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

100

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

$3,900

Total Directors

$2,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Farrell	President	1.00	Officer	$0	$500	$500
Walter Rider	Vice President	1.00	Officer	$0	$400	$400
Robert Rider	Secretary	2.50	Officer	$0	$1,500	$1,500
Craig Wilson	Treasurer	2.50	Officer	$0	$1,500	$1,500
Matthew Rider	Representative	1.00	Director	$0	$400	$400
Peter Ruzycki	Representative	1.00	Director	$0	$400	$400
Edward Eltringham	Representative	1.00	Director	$0	$400	$400
Keith Arnold	Trustee	1.00	Director	$0	$400	$400
William Castimore	Trustee	1.00	Director	$0	$400	$400
Robert Wilhelm	Trustee	1.00	Director	$0	$400	$400

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	$521,977	$383,162	$1,736,308	$138,815
2024	$302,523	$225,496	$1,597,493	$77,027
2023	$205,007	$135,256	$1,520,466	$69,751
2022	$162,039	$111,023	$1,450,715	$51,016
2021	$183,253	$115,649	$1,399,699	$67,604
2020	$152,724	$86,392	$1,332,095	$66,332

New Jersey State Firemens Assoc-Sparta