OCEANPORT VOLUNTEER FIRST AID AND RESCUE SQUAD INC (EIN 222426882) - 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

1949

Legal Domicile

Principal Officer

PATRICIA COOPER

Phone

7325440864

Tax Period

2023-01-01 to 2023-12-31

OCEANPORT VOLUNTEER FIRST AID AND RESCUE SQUAD INC, founded in 1949, is a micro nonprofit in the Public Safety sector that reported $54K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $69K exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE FIRST AID TREATMENT AND TRANSPORTATION TO THE BOROUGH RESIDENTS AND THE SURROUNDING COMMUNITY.

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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 $31,959

Program Service Revenue $1,250

Investment Income $0

Other Revenue $20,345

TOTAL REVENUE $53,554

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,645

Program Expenses $40,306

Other Expenses $69,426

TOTAL EXPENSES $69,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,554	$37,429	+0.4%
Expenses	$69,426	$41,744	+0.7%
Net Income	$-15,872	$-4,315	+2.7%

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

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
PATRICIA COOPER	TREASURER	N/A	Officer	$0	$0	$0
GINA EGIDIO	SECRETARY	N/A	Officer	$0	$0	$0
MAGGIE LAPOLIS	PRESIDENT	N/A	Officer	$0	$0	$0
JOSEPH LOMBARDO	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	$53,554	$69,426	$488,744	$-15,872
2022	$37,429	$41,744	$504,616	$-4,315
2021	$43,284	$44,024	$517,555	$-740
2021	$43,284	$44,024	$508,931	$-740
2020	$66,022	$38,443	$511,625	$27,579
2020	$64,072	$38,443	$509,675	$25,629
2019	$307,512	$49,313	$484,047	$258,199
2018	$51,244	$63,710	$439,012	$-12,466

OCEANPORT VOLUNTEER FIRST AID AND RESCUE SQUAD INC