SOUTH ORANGE RESCUE SQUAD INC (EIN 226077379) - 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

1952

Legal Domicile

Principal Officer

JEFFREY HARK

Phone

9737625647

Tax Period

2023-01-01 to 2023-12-31

SOUTH ORANGE RESCUE SQUAD INC, founded in 1952, is a small nonprofit that reported $264K in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $307K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE EMERGENCY MEDICAL SERVICES TO THE TOWN OF SOUTH ORANGE.

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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 $237,257

Program Service Revenue $0

Investment Income $1,524

Other Revenue $25,572

TOTAL REVENUE $264,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $285,261

Other Expenses $306,993

TOTAL EXPENSES $306,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,353	$191,509	+0.4%
Expenses	$306,993	$229,858	+0.3%
Net Income	$-42,640	$-38,349	+0.1%

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

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
CHARLOTTE FITZSIMMONS	TRUSTEE	2.00	Director	$0	$0	$0
MUNASTER AHMED	TRUSTEE	2.00	Director	$0	$0	$0
TYLER SCHROERS	TRUSTEE	2.00	Director	$0	$0	$0
NIK ENGINEER	TRUSTEE	2.00	Director	$0	$0	$0
DAN COHEN	PRESIDENT	8.00	Officer	$0	$0	$0
VICTOR ROTHSTEIN	CHIEF	10.00	Officer	$0	$0	$0
SALLY BARKSDALE	RECORDING SECRETARY	6.00	Officer	$0	$0	$0
JEFFREY HARK	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	$264,353	$306,993	$1,742,978	$-42,640
2022	$191,509	$229,858	$1,785,429	$-38,349
2021	$193,367	$204,271	$1,834,196	$-10,904
2020	$242,933	$217,679	$1,867,698	$25,254
2019	$148,640	$176,288	$1,866,928	$-27,648
2018	$227,343	$155,216	$1,831,597	$72,127

SOUTH ORANGE RESCUE SQUAD INC