IRONBOUND AMBULANCE SQUAD INC

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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

1953

Legal Domicile

Principal Officer

MANUEL OLIVEIRA

Phone

9735893796

Tax Period

2024-04-01 to 2025-03-31

IRONBOUND AMBULANCE SQUAD INC, founded in 1953, is a small nonprofit that reported $149K in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $67K, a strong 45% operating margin.

Mission

PROVIDING NO COST MEDICAL TRANSPORTATION TO HOSPITALS FOR NEWARK RESIDENTS, APPROXIMATELY 6,000 RUNS FOR 365 DAYS

Program Service Accomplishments

Program 1

Expenses: $21,897

PROVIDING NO COST MEDICAL TRANSPORTATION TO HOSPITALS FOR NEWARK RESIDENTS, APPROXIMATELY 6,000 RUNS FOR 365 DAYS

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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 $11,255

Program Service Revenue $0

Investment Income $12

Other Revenue $137,292

TOTAL REVENUE $148,559

Expense Breakdown

Grants Paid $500

Salaries & Benefits $28,292

Fundraising Expenses $0

Program Expenses $21,897

Other Expenses $52,323

TOTAL EXPENSES $81,115

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,559	$89,006	+0.7%
Expenses	$81,115	$82,827	0.0%
Net Income	$67,444	$6,179	+9.9%

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

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
MARIA SANTOS	TRUSTEE	5.00	Director	$0	$0	$0
ANTHONY MORAES	TRUSTEE	5.00	Director	$0	$0	$0
PAT KELLY	TRUSTEE	5.00	Director	$0	$0	$0
MANUEL OLIVEIRA	PRESIDENT	30.00	Officer	$0	$0	$0
ERICA ANSIOSO	TREASURER	1.00	Officer	$0	$0	$0
LUIS DE JESUS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
ANGELA ANEMOYANIS	SECRETARY	5.00	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
2025	$148,559	$81,115	$200,446	$67,444
2024	$89,006	$82,827	$133,002	$6,179
2023	$128,972	$81,120	$126,823	$47,852
2022	$63,662	$76,809	$78,971	$-13,147
2021	$73,722	$122,555	$92,118	$-48,833
2020	$502,782	$486,329	$140,951	$16,453
2019	$586,937	$551,958	$128,704	$34,979