VERONA RESCUE SQUAD INC

EIN: 226063707 501(c)(3) Health Care

VERONA, NJ

Total Revenue
$130,581
Total Expenses
$137,517
Total Assets
$547,988
Net Assets
$548,145
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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
1927
Legal Domicile
NJ
Phone
9738574760
Tax Period
2023-01-01 to 2023-12-31

VERONA RESCUE SQUAD INC, founded in 1927, is a small nonprofit in the Health Care sector that reported $131K in total revenue in fiscal year 2023. Net assets of $548K represent 50 months of operating reserves.

Mission

TO MAINTAIN AN AMBULANCE AND RESCUE SERVICE FREE OF CHARGE TO THE CITIZENS AND RESIDENTS OF THE TOWNSHIP OF VERONA. TO COOPERATE WITH THE POLICE DEPARTMENT, FIRE DEPARTMENT, AND OTHER TOWN AGENCIES.

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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 $17,248
Program Service Revenue $0
Investment Income $383
Other Revenue $112,950
TOTAL REVENUE $130,581

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $132,463
Other Expenses $137,517
TOTAL EXPENSES $137,517

Year-over-Year Comparison

2023 2022 Change
Revenue $130,581 $128,908 +0.0%
Expenses $137,517 $138,476 0.0%
Net Income $-6,936 $-9,568 -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
6
Independent Members
7
Employees
N/A
Volunteers
70

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA PENNELLA Secretary 10.00
Director
$0 $0 $0
CASSANDRA JUNG CAPTAIN 10.00
Director
$0 $0 $0
KAREN BLASI-BLINDER 1ST VP 10.00
Officer
$0 $0 $0
THOMAS JUNG 2ND VP 10.00
Officer
$0 $0 $0
FREDERICK C TEMPESTA President 10.00
Officer
$0 $0 $0
JACQUELYN LIPSON 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 $130,581 $137,517 $547,988 $-6,936
2022 $128,908 $138,476 $555,081 $-9,568
2021 $142,414 $141,847 $564,582 $567
2020 $144,584 $175,062 $574,639 $-30,478
2019 $143,581 $145,956 $592,571 $-2,375
2018 $117,971 $133,829 $595,221 $-15,858
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