New Jersey State Firemen's Association
Nonprofit profile at a glance
- EIN
- 221153991
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2022
- Location
- Wall Township, NJ, USA
- Phone
- 7327988137
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $67,966,645
- Expenses
- $61,136,857
- Assets
- $56,175,993
- Liabilities
- $1,186,554
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
36 people listed
Executive titles in this filing
- Robert F Ordway (President)
- Joseph T Hankins (Vice President)
Highest reported compensation
- Robert F Ordway (President): $96,448 total reported compensation
- Joseph T Hankins (Vice President): $85,297 total reported compensation
- Edward R Mullen (Treasurer): $72,517 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Financially assist Firefighters in their time of need, Pay for their Burial Claims, and reimburse them for Health Care costs when they become homebound or institutionlized.
What it reported doing in 2024
Reimburse Firefighters for Health Care Costs provided by licensed Health Care professionals. Maximum monthly reimbursement for Firefighters is $12,000; for their spouse is $2,000.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 64% of its reported program spending for member benefits.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 90
- Accountability: 91
- Sustainability: 63
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 39.5%; rating input score 40
- Program expense ratio: 45.7%; rating input score 46
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0.92; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 93; 93rd percentile among comparable filings
- Officer compensation ratio: 1.7%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 13.3% per year; rating input score 100; 84th percentile among comparable filings
- Revenue growth: 10.8% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: -2.6% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 39.5% of revenue deployed · 45.7% of spending went to programs
- Governance: 21 of 21 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $28M in reported program spending
- Leadership: top reported pay $96K · 36 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 36 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
- Moderate — Financial Efficiency: Program expense ratio scored 46/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.