FIRST AID & RESCUE SQUAD INC OF SOMERVILLE NJ (EIN 226043662) - 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

1928

Legal Domicile

Principal Officer

LEROY GUNZELMAN

Phone

9087258558

Tax Period

2023-01-01 to 2023-12-31

FIRST AID & RESCUE SQUAD INC OF SOMERVILLE NJ, founded in 1928, is a small nonprofit in the Public Safety sector that reported $407K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $535K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE EMERGENCY CARE TO THE RESIDENTS OF SOMERVILLE, NJ.

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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 $74,215

Program Service Revenue $324,638

Investment Income $18

Other Revenue $8,182

TOTAL REVENUE $407,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $8,096

Program Expenses $516,443

Other Expenses $534,686

TOTAL EXPENSES $534,686

Year-over-Year Comparison

	2023	2022	Change
Revenue	$407,053	$507,559	-0.2%
Expenses	$534,686	$569,996	-0.1%
Net Income	$-127,633	$-62,437	+1.0%

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

N/A

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
STEVE WEINMAN	PRESIDENT	10.00	Officer	$0	$0	$0
FRED PICCHIELLO	VICE PRESIDENT	10.00	Officer	$0	$0	$0
GLENN BARRY	SECRETARY	10.00	Officer	$0	$0	$0
LEROY GUNZELMAN	TREASURER	10.00	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
2024	No data	No data	No data	No data
2023	$407,053	$534,686	$499,404	$-127,633
2022	$507,559	$569,996	$627,037	$-62,437
2021	$606,347	$458,979	$689,474	$147,368
2020	$297,981	$456,402	$542,106	$-158,421
2019	$278,809	$299,354	$674,166	$-20,545
2018	$241,577	$228,572	$694,711	$13,005

FIRST AID & RESCUE SQUAD INC OF SOMERVILLE NJ