THE RUMSON FIRST AID SQUAD INC OF RUMSON NEW JERSEY (EIN 216018620) - Form 990 Financial Analysis & Trantor Score

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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

1948

Legal Domicile

Principal Officer

JOE STROHMENGER

Phone

9084611725

Tax Period

2023-01-01 to 2023-12-31

THE RUMSON FIRST AID SQUAD INC OF RUMSON NEW JERSEY, founded in 1948, is a micro nonprofit that reported $80K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $147K exceeded revenue, resulting in a 84% operating deficit.

Mission

THE PURPOSE AND OBJECTIVES OF THE SQUAD SHALL BE THE CARE, NURTURE AND MAINTENANCE OF INJURED, WOUNDED, SICK, INFIRM AND AGED PERSONS IN EMERGENCIES BY RENDERING FIRST AID.

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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 (2023)

Revenue Breakdown

Contributions & Grants $73,016

Program Service Revenue $0

Investment Income $7,196

Other Revenue $0

TOTAL REVENUE $80,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $132,407

Other Expenses $138,288

TOTAL EXPENSES $147,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,212	$110,753	-0.3%
Expenses	$147,391	$95,644	+0.5%
Net Income	$-67,179	$15,109	-5.4%

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
OWEN BURNS	2YR TRUSTEE	N/A	Director	$0	$0	$0
JOHN FOSSETTA	5YR TRUSTEE	N/A	Director	$0	$0	$0
MARY NICHOLS	3YR TRUSTEE	N/A	Director	$0	$0	$0
DENNIS NITKA	4YR TRUSTEE	N/A	Director	$0	$0	$0
DONALD YORK	ENGINEER/1YR	N/A	Officer Director	$0	$0	$0
CYNDI AYLARD	SECRETARY	N/A	Officer	$0	$0	$0
JULIA KLEM	SARGENT	N/A	Officer	$0	$0	$0
PETE STAJK	SGT AT ARMS	N/A	Officer	$0	$0	$0
JOE STROHMENGER	PRESIDENT	N/A	Officer	$0	$0	$0
RICHARD SZALKOWSKI	TREASURER	N/A	Officer	$0	$0	$0
CHRISTOPHER YORK	VICE PRESIDE	N/A	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	No data	No data	No data	No data
2023	$80,212	$147,391	$597,630	$-67,179
2022	$110,753	$95,644	$664,809	$15,109
2021	$96,262	$84,191	$649,700	$12,071
2020	$115,180	$68,500	$637,629	$46,680
2019	$85,929	$76,950	$590,949	$8,979
2018	$85,709	$70,480	$581,970	$15,229

THE RUMSON FIRST AID SQUAD INC OF RUMSON NEW JERSEY