Independence First Aid Squad Inc (EIN 227446968) - 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

Phone

9086374477

Tax Period

2023-01-01 to 2023-12-31

Independence First Aid Squad Inc is a small nonprofit that reported $332K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $296K left a modest 11% surplus.

Mission

Provide emergency medical services and transport to Independence twp, NJ and surrounding communities.

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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 $292,123

Program Service Revenue $0

Investment Income $40,310

Other Revenue $0

TOTAL REVENUE $332,433

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,010

Program Expenses $279,189

Other Expenses $295,591

TOTAL EXPENSES $295,591

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,433	$245,894	+0.4%
Expenses	$295,591	$286,411	+0.0%
Net Income	$36,842	$-40,517	-1.9%

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

N/A

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
Jessica Pagach	President	10.00	Director	$0	$0	$0
Samantha Vazquez	Treasurer	10.00	Director	$0	$0	$0
Kiara Benitez	Secretary	10.00	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
2023	$332,433	$295,591	$839,530	$36,842
2022	$245,894	$286,411	$810,001	$-40,517
2021	$181,374	$158,415	$785,171	$22,959
2020	$140,369	$127,566	$829,314	$12,803
2019	$146,664	$130,688	$827,091	$15,976
2018	$385,234	$144,015	$801,773	$241,219

Independence First Aid Squad Inc