Hoboken Volunteer Ambulance Corp

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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

1971

Legal Domicile

Phone

2014202135

Tax Period

2023-07-01 to 2024-06-30

Hoboken Volunteer Ambulance Corp, founded in 1971, is a small nonprofit in the Health Care sector that reported $491K in total revenue in fiscal year 2023. The organization ran a surplus of $101K, a strong 21% operating margin.

Mission

The Hoboken Volunteer Ambulance Corp the Corp provides BLS level emergency medical services to the residents and visitors in the City Hoboken and the surrounding communities. The Corp provides these services at no charge to its patients and is entirely supported by the volunteer hours of its members and the financial support of its donors.

Program Service Accomplishments

Program 1

Expenses: $356,979

The Hoboken Volunteer Ambulance Corp the Corp provides BLS level emergency medical services to the City of Hoboken and its residents and visitors. During the fiscal year ended June 30, 2024 the Corp answered over 3,500 calls for service. Whether operating during normal times or during declared states of emergency, the Corp and its members are trained and prepared for the wide range of emergency services it faces from medical emergencies, accidents and trauma, CPR, seizures, to courtesy transports and community outreach. As the last all volunteer ambulance agency in Hudson County, all Corp operations and Corp administrative functions are performed by over 181 members who volunteer their time and share their talent with the Corp and with the residents of the City. The Corp continues to rely of the skills and contributions of the members to fill the necessary roles as EMTs, Drivers, Observers and Officers. Keeping the City covered with 1 to 3 ambulances 24 hours a day, 365 days a year requires between 20,000 to 53,000 volunteer hours per year.

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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 $489,908

Program Service Revenue $0

Investment Income $70

Other Revenue $927

TOTAL REVENUE $490,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,068

Program Expenses $356,979

Other Expenses $389,555

TOTAL EXPENSES $389,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,905	$467,925	+0.0%
Expenses	$389,555	$314,750	+0.2%
Net Income	$101,350	$153,175	-0.3%

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

N/A

Employees

N/A

Volunteers

181

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
Thomas Molta	President	20.00	Officer Director	$0	$0	$0
BJ Weschke	Treasurer	8.00	Officer Director	$0	$0	$0
Nicole Yang	Secretary	8.00	Officer Director	$0	$0	$0
Malaika Aziz	Secretary	8.00	Officer Director	$0	$0	$0
Joseph Zelasko Captain	CEO	8.00	Officer Director	$0	$0	$0
Phillip Alexander 1st Lieutenant	COO	16.00	Officer Director	$0	$0	$0
Michael Bubb 2nd Lieutenant Vehicle	Director	8.00	Officer Director	$0	$0	$0
Sandy Shaw 2nd Lieutenant Training	Director	8.00	Officer Director	$0	$0	$0
Emma Barakat 2nd Lieutenant Supplie	Director	8.00	Officer Director	$0	$0	$0
Nevan Gandhi 2nd Lieutenant Bldg	Director	8.00	Officer Director	$0	$0	$0
Christopher Monrroy 2nd Lieutenant	Director	8.00	Officer Director	$0	$0	$0
William Kron	Chairman	2.00	Director	$0	$0	$0
Erica Seitzman	Trustee	1.00	Director	$0	$0	$0
Ralph Gallo	Trustee	1.00	Director	$0	$0	$0
Buddy Matthews	Trustee	1.00	Director	$0	$0	$0
Craig Sorkin Medical Director	Director	8.00	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	No data	No data	No data	No data
2024	$490,905	$389,555	$503,951	$101,350
2023	$467,925	$314,750	$470,241	$153,175
2022	$501,064	$448,971	$392,473	$52,093
2021	$347,223	$387,791	$289,585	$-40,568
2020	$459,969	$425,246	$342,001	$34,723
2019	$400,637	$412,394	$214,761	$-11,757