PARSIPPANY RESCUE AND RECOVERY UNI… - Form 990 Financial Data

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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

1961

Legal Domicile

Principal Officer

WILLIAM SANFORD

Phone

9732630660

Tax Period

2024-01-01 to 2024-12-31

PARSIPPANY RESCUE AND RECOVERY UNIT INC, founded in 1961, is a small nonprofit in the Public Safety sector that reported $112K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 22% operating margin.

Mission

TO PROVIDE VOLUNTEER RESCUE AND RECOVERY SERVICES TO THE TOWNSHIP OF PARSIPPANY TROY HILLS IN EMERGENCY SITUATIONS.

Program Service Accomplishments

Program 1

Expenses: $88,180

THE ORGANIZATION PROVIDED RESCUE AND RECOVERY SERVICES TO THE TOWNSHIP

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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 (2024)

Revenue Breakdown

Contributions & Grants $112,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $112,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,180

Other Expenses $88,180

TOTAL EXPENSES $88,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,500	$70,075	+0.6%
Expenses	$88,180	$70,513	+0.3%
Net Income	$24,320	$-438	-56.5%

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
JOSH LEVINE	LIEUTENANT	005.00	Officer Director	$0	$0	$0
RAFAEL ORTIZ	SECRETARY	005.00	Officer Director	$0	$0	$0
PAUL ANDERSON	CHIEF	005.00	Officer Director	$0	$0	$0
ANDREW LUDWIG	TREASURER/DEPUTY CHIEF	005.00	Officer Director	$0	$0	$0
JOHN WALSH	PRESIDENT	005.00	Officer Director	$0	$0	$0
WILLIAM SANFORD	VICE PRESIDENT	005.00	Officer Director	$0	$0	$0
NICK LIMANOV	SGT AT ARMS/LIEUTENANT	005.00	Officer 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
2024	$112,500	$88,180	$661,877	$24,320
2023	$70,075	$70,513	$637,213	$-438
2022	$70,001	$60,804	$635,463	$9,197
2021	$70,001	$59,845	$624,963	$10,156
2020	$70,189	$74,603	$614,520	$-4,414
2019	$71,919	$70,661	$619,390	$1,258
2018	$79,023	$68,305	$621,099	$10,718

PARSIPPANY RESCUE AND RECOVERY UNIT INC