Civic Intelligence

Flanders Fire Company 1 Inc.

990 • Fiscal year 2015 • EIN 22-2402697

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 15, 2016

27 Main StreetFlanders, NJ 07836

(973) 584-7805

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

64th percentile

0.27x

Higher debt load relative to assets than 64% of similar nonprofits.

2015 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

1.52x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2015

Net Margin

23rd percentile

-2.7%

Higher net margin than 23% of similar nonprofits.

2015 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • NTEE M24 • $1M-$5M nonprofits • Source year 2015

Asset Growth

72nd percentile

4.6%

Faster asset growth than 72% of similar nonprofits.

2015 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

73rd percentile

8.7%

Faster revenue growth than 73% of similar nonprofits.

2015 filings • NTEE M24 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,495,647

Up $66,261 (+4.6%) from 2014

Net Assets

Down

$1,085,596

Down $7,248 (-0.7%) from 2014

Liabilities

Up

$410,051

Up $73,509 (+22%) from 2014

Revenue

Up

$269,841

Up $21,546 (+8.7%) from 2014

Expenses

Down

$277,089

Down $11,000 (-3.8%) from 2014

Net Income

Up

-$7,248

Up $32,546 (+82%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $1,392,975Liabilities 2011: $265,155Net Assets 2011: $1,127,8202011Assets 2012: $1,472,538Liabilities 2012: $349,466Net Assets 2012: $1,123,0722012Assets 2013: $1,481,332Liabilities 2013: $348,694Net Assets 2013: $1,132,6382013Assets 2014: $1,429,386Liabilities 2014: $336,542Net Assets 2014: $1,092,8442014Assets 2015: $1,495,647Liabilities 2015: $410,051Net Assets 2015: $1,085,5962015Assets 2016: $1,437,372Liabilities 2016: $367,738Net Assets 2016: $1,069,6342016Assets 2017: $1,351,808Liabilities 2017: $333,851Net Assets 2017: $1,017,9572017Assets 2018: $1,511,619Liabilities 2018: $531,980Net Assets 2018: $979,6392018Assets 2019: $1,513,029Liabilities 2019: $498,823Net Assets 2019: $1,014,2062019Assets 2020: $1,528,172Liabilities 2020: $481,800Net Assets 2020: $1,046,3722020Assets 2021: $1,604,416Liabilities 2021: $512,699Net Assets 2021: $1,091,7172021Assets 2022: $1,538,119Liabilities 2022: $484,618Net Assets 2022: $1,053,5012022Assets 2023: $1,550,644Liabilities 2023: $524,607Net Assets 2023: $1,026,0372023

Highlighted filing

2015

Assets$1,495,647
Liabilities$410,051
Net Assets$1,085,596

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $247,388Expenses 2011: $228,612Net Income 2011: $18,7762011Revenue 2012: $254,747Expenses 2012: $259,495Net Income 2012: -$4,7482012Revenue 2013: $244,731Expenses 2013: $235,165Net Income 2013: $9,5662013Revenue 2014: $248,295Expenses 2014: $288,089Net Income 2014: -$39,7942014Revenue 2015: $269,841Expenses 2015: $277,089Net Income 2015: -$7,2482015Revenue 2016: $295,958Expenses 2016: $311,920Net Income 2016: -$15,9622016Revenue 2017: $288,131Expenses 2017: $339,808Net Income 2017: -$51,6772017Revenue 2018: $297,532Expenses 2018: $335,850Net Income 2018: -$38,3182018Revenue 2019: $357,912Expenses 2019: $323,345Net Income 2019: $34,5672019Revenue 2020: $272,227Expenses 2020: $240,061Net Income 2020: $32,1662020Revenue 2021: $326,394Expenses 2021: $281,049Net Income 2021: $45,3452021Revenue 2022: $328,613Expenses 2022: $366,829Net Income 2022: -$38,2162022Revenue 2023: $429,405Expenses 2023: $456,869Net Income 2023: -$27,4642023

Highlighted filing

2015

Revenue$269,841
Expenses$277,089
Net Income-$7,248
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 15, 2016
Return Version
2015v2.1
Gross Receipts
$279,255
Mission and Program Overview

Mission

To provide fire department and rescue squad services to the Township of Mt. Olive and the surrounding comunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,258,715$1,316,881▲ $58,166
Cash and Non-Interest-Bearing Accounts$145,539$133,593▼ $11,946
Savings and Temporary Cash Investments$25,132$45,173▲ $20,041
Total Assets$1,429,386$1,495,647▲ $66,261
Liabilities
Mortgage Notes Payable Secured by Investment Property$336,542$410,051▲ $73,509
Total Liabilities$336,542$410,051▲ $73,509
Net Assets / Fund Balance
Unrestricted Net Assets$1,092,844$1,085,596▼ $7,248
Total Net Assets Fund Balance$1,092,844$1,085,596▼ $7,248
Total Liabilities and Net Assets / Fund Balance$1,429,386$1,495,647▲ $66,261

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$902,367$421,446$1,323,813
Equipment$192,930$457,437$650,367
Land$212,334-$212,334
Other Land Buildings$9,250-$9,250
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doug FenichelPresident
Cathy DetoroTrustee
Fred Detoro SrTrustee
Tyler WargoTrustee
Bruce GallagherAssistant Pe
Tano GiacchinoAssistant Tr
Tom PuderPersonnel
Kevin DolanTreasurer
Joseph AbrusciVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$269,800
Program Service Revenue
$0
Investment Income
$41
Other Revenue
$0
All Other Contributions
$62,498
Change in Net Assets
$-7,248

Audited Revenue Reconciliation

Revenue per Audited Statements
$269,841
Revenue Not Reported on Form 990
$9,414
Total Revenue per Audited Statements
$279,255
Total Revenue per Form 990
$269,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,089
Total Fundraising Expense$9,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$83,194--$83,194
All Other Expenses$32,722-$9,139$41,861
Occupancy$16,445--$16,445
Interest$15,999--$15,999
Conferences and Meetings-$15,228-$15,228
Other Expenses$13,364--$13,364
Fees for Services Accounting-$7,625-$7,625
Office Expenses-$2,326-$2,326
Insurance-$1,627-$1,627
Fees for Services Other-$312-$312
Total Functional Expenses$240,832$27,118$9,139$277,089

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$286,503
Expenses per Audited Statements$277,089
Total Expenses per Form 990$277,089
Expenses Not Reported on Form 990$9,414
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$9,414
Fundraising Gross Income$9,414
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The tax return is completed and submitted to the treasurer by an outside accounting firm. At the monthly board meeting, the tax return is the reviewed by all board members of the governing body. Note; the tax return is a reflection of the audited financial statements provided by an independent audit firm.

Form 990, Page 6, Part VI, Line 12C

Flanders fire company 1, inc. Currently has in place a conflict of interest policy which it regularly monitors and enforces. The board mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist.

Form 990, Page 6, Part VI, Line 19

Upon request, the organization will make its governing documents, conflict of interest policys and financial statements available to the public at 27 main street flanders, nj 07836.

Filing and Contact Details

Filer

Filer Name
Flanders Fire Company 1 Inc
EIN
22-2402697
Address
27 MAIN STREET, FLANDERS, NJ 07836

Signing Officer

Name
Kevin Dolan
Title
Treasurer
Signed
2016-06-15

Organization Details

Principal Officer
Kevin Dolan
Formed
1925
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
55

Preparer

Firm
Btr Advisers
Address
52 FOREST AVENUE, PARAMUS, NJ 07652
Preparer
Brian T Roerden CPA
Phone
2018800010
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Installation dinner 10,782 0 0 contributions 9,689 0 0 postage 0 0 9,139 training 6,591 0 0 ems supplies 3,957 0 0 fire prevention week supp 1,703 0 0

Form 990, Part XI, Line 9

Special fundraising revenue 9,414 special fundraising expenses -9,414

Financial Statement Notes

Schedule D, Page 3, Part X

The fire company is recognized by the irs as a nonprofit organization under irc sec. 501(c)(3). The organization is therefore exempt from federal income tax. The organization is also exempt from state income tax under title 15 of the state of new jersey's corporations and associations not- for-profit act. The fire company and its management follow the income tax provisions in the fasb accounting standards codification. Management considers whether a tax posistion is more likely than not to occur based on projected future income. The fire company does not expect any increase or decrease in unrecognized tax positions and believes that is has the appropriate support for the positions taken on the tax return for the fiscal year ending december 31, 2015.

Schedule D, Page 4, Part XI, Line 2D

Special fundraising revenue 9,414

Schedule D, Page 4, Part XII, Line 2D

Special fundraising expenses 9,414

Raw XML Appendix381 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/EquipmentGrp/BookValueAmt0192930
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FIRE COMPANY IS RECOGNIZED BY THE IRS AS A NONPROFIT ORGANIZATION UNDER IRC SEC. 501(C)(3). THE ORGANIZATION IS THEREFORE EXEMPT FROM FEDERAL INCOME TAX. THE ORGANIZATION IS ALSO EXEMPT FROM STATE INCOME TAX UNDER TITLE 15 OF THE STATE OF NEW JERSEY'S CORPORATIONS AND ASSOCIATIONS NOT- FOR-PROFIT ACT. THE FIRE COMPANY AND ITS MANAGEMENT FOLLOW THE INCOME TAX PROVISIONS IN THE FASB ACCOUNTING STANDARDS CODIFICATION. MANAGEMENT CONSIDERS WHETHER A TAX POSISTION IS MORE LIKELY THAN NOT TO OCCUR BASED ON PROJECTED FUTURE INCOME. THE FIRE COMPANY DOES NOT EXPECT ANY INCREASE OR DECREASE IN UNRECOGNIZED TAX POSITIONS AND BELIEVES THAT IS HAS THE APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON THE TAX RETURN FOR THE FISCAL YEAR ENDING DECEMBER 31, 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1SPECIAL FUNDRAISING REVENUE 9,414
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL FUNDRAISING EXPENSES 9,414
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS COMPLETED AND SUBMITTED TO THE TREASURER BY AN OUTSIDE ACCOUNTING FIRM. AT THE MONTHLY BOARD MEETING, THE TAX RETURN IS THE REVIEWED BY ALL BOARD MEMBERS OF THE GOVERNING BODY. NOTE; THE TAX RETURN IS A REFLECTION OF THE AUDITED FINANCIAL STATEMENTS PROVIDED BY AN INDEPENDENT AUDIT FIRM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FLANDERS FIRE COMPANY 1, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST, THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICYS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT 27 MAIN STREET FLANDERS, NJ 07836.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSTALLATION DINNER 10,782 0 0 CONTRIBUTIONS 9,689 0 0 POSTAGE 0 0 9,139 TRAINING 6,591 0 0 EMS SUPPLIES 3,957 0 0 FIRE PREVENTION WEEK SUPP 1,703 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SPECIAL FUNDRAISING REVENUE 9,414 SPECIAL FUNDRAISING EXPENSES -9,414
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN DOLAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLANDERS FIRE COMPANY 1 INC
ReturnHeader/Filer/BusinessNameControlTxt0FLAN
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BTR ADVISERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt052 FOREST AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARAMUS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007652
ReturnHeader/PreparerPersonGrp/PhoneNum02018800010
ReturnHeader/PreparerPersonGrp/PreparationDt02016-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRIAN T ROERDEN CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-06-15T10:32:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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