WATCHUNG FIRE COMPANY NO 3

EIN: 823792241 501(c)(3) Public Safety

BOUND BROOK, NJ

Total Revenue
$58,042
Total Expenses
$43,478
Total Assets
$311,271
Net Assets
$311,271
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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
1909
Legal Domicile
NJ
Principal Officer
TIM BRADEN
Phone
7324690012
Tax Period
2024-01-01 to 2024-12-31

WATCHUNG FIRE COMPANY NO 3, founded in 1909, is a micro nonprofit in the Public Safety sector that reported $58K in total revenue in fiscal year 2024. The organization ran a surplus of $15K, a strong 25% operating margin.

Mission

PROVIDE EMERGENCY SERVICES FOR THE RESIDENTS OF BOUND BROOK AND SURROUNDING COMMUNITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,458
Program Service Revenue $0
Investment Income $2,942
Other Revenue $35,642
TOTAL REVENUE $58,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $31,875
Other Expenses $43,478
TOTAL EXPENSES $43,478

Year-over-Year Comparison

2024 2023 Change
Revenue $58,042 $56,728 +0.0%
Expenses $43,478 $43,095 +0.0%
Net Income $14,564 $13,633 +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

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Governance

Voting Members
4
Independent Members
25
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM BRADEN PRESIDENT 2.00
Officer
$0 $0 $0
JAMES BREMER JR SECRETARY 2.00
Officer
$0 $0 $0
STEVE MORRISSEY VICE PRESIDE 2.00
Officer
$0 $0 $0
JAMES BREMER SR TREASURER 2.00
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 $58,042 $43,478 $311,271 $14,564
2023 $56,728 $43,095 $296,707 $13,633
2022 $64,839 $31,223 $283,074 $33,616
2021 $65,236 $31,820 $249,458 $33,416
2020 $47,506 $35,910 $216,042 $11,596
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