Hoboken Volunteer Ambulance Corp (EIN 221997188) - 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

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 and patient transportation services to the residents in the City of Hoboken, NJ and to surrounding communities as a secondary mutual aid service provider at no charge to the patient. The Corp has been serving Hoboken since 1971 and is entirely volunteer run and donor supported. In addition to the BLS level emergency services, the Corp provides CPR certification classes and EMS Stand-by services for events held in Hoboken.

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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

Hoboken Volunteer Ambulance Corp