WATCHUNG FIRE COMPANY NO 3

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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

Principal Officer

TIMOTHY BRADEN

Phone

7324690012

Tax Period

2025-01-01 to 2025-12-31

WATCHUNG FIRE COMPANY NO 3, founded in 1909, is a micro nonprofit in the Public Safety sector that reported $53K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $46K left a modest 13% surplus.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $30,701

SUPPORT OF FIRE EQUIPMENT AND FIRE STATION.

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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 $13,850

Program Service Revenue $0

Investment Income $2,851

Other Revenue $36,664

TOTAL REVENUE $53,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,099

Program Expenses $30,701

Other Expenses $46,257

TOTAL EXPENSES $46,257

Year-over-Year Comparison

	2025	2024	Change
Revenue	$53,365	$58,042	-0.1%
Expenses	$46,257	$43,478	+0.1%
Net Income	$7,108	$14,564	-0.5%

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
MATTHEW SMITH	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY 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
2025	$53,365	$46,257	$318,379	$7,108
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