Summit Volunteer First Aid Squad Inc

EIN: 226063974 501(c)(3) Health Care

Summit, NJ

Total Revenue
$535,163
Total Expenses
$587,748
Total Assets
$6,840,377
Net Assets
$6,840,377
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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
1962
Legal Domicile
NJ
Principal Officer
Leah Griffith
Phone
9082779479
Tax Period
2024-01-01 to 2024-12-31

Summit Volunteer First Aid Squad Inc, founded in 1962, is a small nonprofit in the Health Care sector that reported $535K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Net assets of $6.8M represent 153 months of operating reserves.

Mission

SUMMIT VOLUNTEER FIRST AID SQUADINC IS AN INDEPENDENT NONPROFIT CORP PROVIDING EMERGENCY MEDICAL SERVICES TRANSPORT SAFETY TRAINING

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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 (2024)

Revenue Breakdown

Contributions & Grants $430,543
Program Service Revenue $0
Investment Income $104,620
Other Revenue $0
TOTAL REVENUE $535,163

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $0
Fundraising Expenses $14,291
Program Expenses $573,457
Other Expenses $584,248
TOTAL EXPENSES $587,748

Year-over-Year Comparison

2024 2023 Change
Revenue $535,163 $655,431 -0.2%
Expenses $587,748 $540,445 +0.1%
Net Income $-52,585 $114,986 -1.5%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
67

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
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEAH GRIFFITH President 20.00
Officer Director
$0 $0 $0
SAM JAMES Vice President 20.00
Officer Director
$0 $0 $0
JAMES RATH Corresponding Sec 20.00
Officer Director
$0 $0 $0
DAVID BERNSTEIN Treasurer 20.00
Officer Director
$0 $0 $0
ALEXIS COHEN Recording Secretary 20.00
Officer Director
$0 $0 $0
MEL HARARI Training Lieutenant 20.00
Director
$0 $0 $0
LAURA BENEVENTO Chief 20.00
Director
$0 $0 $0
KERRY WHITCHER Personnel Lieutenant 20.00
Director
$0 $0 $0
NANCY WEEKS Board Member 20.00
Director
$0 $0 $0
KEVIN CAROPRESO Board Member 20.00
Director
$0 $0 $0
ROBERT MENDES Board Member 20.00
Director
$0 $0 $0
JOHN CHRISTMANN Records Lieutenant 20.00
Director
$0 $0 $0
JOHN BUSCAINO Board Member 20.00
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
2025 No data No data No data No data
2024 $535,163 $587,748 $6,840,377 $-52,585
2023 $655,431 $540,446 $6,612,212 $114,985
2022 $684,923 $477,576 $6,239,849 $207,347
2021 $548,681 $510,544 $6,371,038 $38,137
2020 $467,008 $549,998 $6,120,703 $-82,990
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