FANWOOD RESCUE SQUAD INC (EIN 226047101) - 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

1948

Legal Domicile

Principal Officer

Nam-June Joe

Phone

9083229000

Tax Period

2023-01-01 to 2023-12-31

FANWOOD RESCUE SQUAD INC, founded in 1948, is a micro nonprofit in the Health Care sector that reported $43K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 121% operating deficit.

Mission

Volunteer organization supplying emergency first aid at no charge to local residents

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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 $61,887

Program Service Revenue $0

Investment Income $-18,740

Other Revenue $0

TOTAL REVENUE $43,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $95,187

Other Expenses $95,187

TOTAL EXPENSES $95,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,147	$84,836	-0.5%
Expenses	$95,187	$8,221	+10.6%
Net Income	$-52,040	$76,615	-1.7%

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

N/A

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
Karolyn Buckridee	President	1	Officer	$0	$0	$0
Ed Winsor	Vice-President	1	Officer	$0	$0	$0
Patricia Buckridee	Secretary	1	Officer	$0	$0	$0
Nam-June Joe	Treasurer	1	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
2023	$43,147	$95,187	$396,219	$-52,040
2019	$65,965	$87,625	$544,040	$-21,660

FANWOOD RESCUE SQUAD INC