FREEHOLD FIRST AID & EMERGENCY SQUAD INC (EIN 223097062) - 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

1941

Legal Domicile

Principal Officer

STEVEN MORLEY

Phone

7323081515

Tax Period

2023-01-01 to 2023-12-31

FREEHOLD FIRST AID & EMERGENCY SQUAD INC, founded in 1941, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $402K, a strong 21% operating margin.

Mission

FREEHOLD EMS PROVIDES EMERGENCY MEDICAL SERVICES TO THE RESIDENTS AND VISITORS OF FREEHOLD BORO AND FREEHOLD TOWNSHIP. THEIR VOLUNTEER MEMBERSHIP RESPONDS TO 9-1-1 CALLS ALL YEAR ROUND PROVIDING BASIC EMERGENCY LIFE SUPPORT AND AMBULANCE SERVICES.

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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 $200,483

Program Service Revenue $1,678,754

Investment Income $10,868

Other Revenue $0

TOTAL REVENUE $1,890,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $723,024

Fundraising Expenses $24,912

Program Expenses $1,290,470

Other Expenses $764,762

TOTAL EXPENSES $1,487,786

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,890,105	$1,162,017	+0.6%
Expenses	$1,487,786	$842,293	+0.8%
Net Income	$402,319	$319,724	+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

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
STEVEN MORLEY	PRESIDENT & CEO	20.00	Officer Director	$0	$0	$0
JEFFREY HOFFMAN	TRUSTEE	5.00	Director	$0	$0	$0
ROBERT BONARDI	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
LORI ITINGER	TREASURER & CFO	20.00	Officer Director	$0	$0	$0
LAUREN HOFFMAN	SECRETARY	20.00	Officer Director	$0	$0	$0
MARGARET HAAS	TRUSTEE	5.00	Director	$0	$0	$0
ALICIA GROSS	TRUSTEE	5.00	Director	$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
2023	$1,890,105	$1,487,786	$2,679,504	$402,319
2022	$1,162,017	$842,293	$2,305,730	$319,724
2021	$1,014,997	$537,958	$1,796,466	$477,039
2020	$669,880	$473,866	$1,108,377	$196,014
2019	$742,000	$496,160	$958,388	$245,840
2018	$225,171	$281,455	$744,178	$-56,284

FREEHOLD FIRST AID & EMERGENCY SQUAD INC