BLOOMFIELD EMERGENCY MEDICAL SERVICES INC (EIN 237015341) - 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

1961

Legal Domicile

Principal Officer

THOMAS PELAIA

Phone

9737486785

Tax Period

2024-10-01 to 2025-09-30

BLOOMFIELD EMERGENCY MEDICAL SERVICES INC, founded in 1961, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $216K, a strong 20% operating margin.

Mission

BLOOMFIELD VOLUNTEER EMERGENCY SQUAD, INC IS AN AMBULANCE SERVICE PROVIDED TO THE PUBLIC.

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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 $64,623

Program Service Revenue $1,002,145

Investment Income $10,954

Other Revenue $0

TOTAL REVENUE $1,077,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $635,693

Fundraising Expenses $0

Program Expenses $849,209

Other Expenses $226,458

TOTAL EXPENSES $862,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,077,722	$927,769	+0.2%
Expenses	$862,151	$949,889	-0.1%
Net Income	$215,571	$-22,120	-10.7%

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
LAURENCE KAROSEN	SECRETARY	5.00	Director	$0	$0	$0
RICHARD KINDER	BOARD MEMBER	5.00	Director	$0	$0	$0
FREDERICK MENZEL JR	DIRECTOR	5.00	Director	$0	$0	$0
THOMAS PELAIA	TREASURER/ASSISTANT SECRET	5.00	Officer	$0	$0	$0
CELESTE GAGLIARDI	RECORDING SECRETARY/ASST T	5.00	Officer	$0	$0	$0
DANIEL BITECOLA	VICE CHAIRPERSON	5.00	Officer	$0	$0	$0
ALAN LAQUAGLIA	CHAIRPERSON	5.00	Officer	$0	$0	$0
TERRY FUCCI	BOARD MEMBER	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	$1,077,722	$862,151	$996,448	$215,571
2024	$927,769	$949,889	$780,877	$-22,120
2023	$849,466	$881,042	$802,997	$-31,576
2022	$740,730	$846,904	$834,573	$-106,174
2021	$684,869	$860,318	$940,747	$-175,449
2020	$769,297	$833,323	$1,116,196	$-64,026
2019	$775,411	$753,354	$1,180,222	$22,057
2018	$947,900	$737,025	$1,178,221	$210,875

BLOOMFIELD EMERGENCY MEDICAL SERVICES INC