FLORHAM PARK MEMORIAL FIRST AID SQUAD INC (EIN 237134228) - 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

1951

Legal Domicile

Principal Officer

CAROLYN ROSS

Phone

9733774226

Tax Period

2023-01-01 to 2023-12-31

FLORHAM PARK MEMORIAL FIRST AID SQUAD INC, founded in 1951, is a small nonprofit that reported $507K in total revenue in fiscal year 2023. Revenue surged 127% from the prior year, signaling strong growth momentum. Expenses of $563K exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide emergency medical services and ambulance transportation.

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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 $212,802

Program Service Revenue $287,930

Investment Income $6,221

Other Revenue $0

TOTAL REVENUE $506,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,545

Fundraising Expenses $7,628

Program Expenses $516,251

Other Expenses $343,015

TOTAL EXPENSES $562,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,953	$223,160	+1.3%
Expenses	$562,560	$287,589	+1.0%
Net Income	$-55,607	$-64,429	-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

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
MARK CHIAROLANZA	Captain	10.00	Officer	$0	$0	$0
VIKRAM SIRAM	President	10.00	Officer	$0	$0	$0
JOSH DANUS	Recording Secretary	10.00	Officer	$0	$0	$0
CAROLYN ROSS	Treasurer	5.00	Officer	$0	$0	$0
SOFIA DEPHILLIPS	CORR SECRETARY	5.00	Officer	$0	$0	$0
HOWARD BIALOS	VICE-PRESIDENT	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	$506,953	$562,560	$457,873	$-55,607
2022	$223,160	$287,589	$512,634	$-64,429
2021	$135,657	$177,700	$577,063	$-42,043
2020	$119,911	$171,745	$619,106	$-51,834
2019	$163,273	$195,582	$670,940	$-32,309
2018	$147,291	$241,118	$703,249	$-93,827

FLORHAM PARK MEMORIAL FIRST AID SQUAD INC