FREEHOLD FIRST AID & EMERGENCY SQUAD INC

EIN: 223097062 501(c)(3) Health Care

FREEHOLD, NJ

Total Revenue
$1,890,105
Total Expenses
$1,487,786
Total Assets
$2,679,504
Net Assets
$2,303,763
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
NJ
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 ENERGENCY LIFE SUPPORT AND AMBULANCE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $1,290,470

PROVIDED EMERGENCY MEDICAL SERVICES, BASIC ENERGENCY LIFE SUPPORT AND AMBULANCE SERVICES TO THE RESIDENTS AND VISITORS OF FREEHOLD BORO AND FREEHOLD TOWNSHIP. THE ORGANIZATION RECEIVED AND RESPONDED...

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PROVIDED EMERGENCY MEDICAL SERVICES, BASIC ENERGENCY LIFE SUPPORT AND AMBULANCE SERVICES TO THE RESIDENTS AND VISITORS OF FREEHOLD BORO AND FREEHOLD TOWNSHIP. THE ORGANIZATION RECEIVED AND RESPONDED TO APPROXIMATELY 3,000 EMERGENCY 9-1-1 CALLS DURING THE 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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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