RARITAN VALLEY REGIONAL EMERGENCY MEDICAL SERVICE INC (EIN 273787871) - 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

2010

Legal Domicile

Principal Officer

MICHAEL USSAK

Phone

7322252279

Tax Period

2024-01-01 to 2024-12-31

RARITAN VALLEY REGIONAL EMERGENCY MEDICAL SERVICE INC, founded in 2010, is a small nonprofit that reported $253K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $311K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE EMERGENCY MEDICAL SERVICES TO THE CITIZENS OF EDISON, NJ

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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 $158,341

Program Service Revenue $0

Investment Income $24,316

Other Revenue $69,994

TOTAL REVENUE $252,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,398

Program Expenses $185,876

Other Expenses $311,132

TOTAL EXPENSES $311,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$252,651	$275,419	-0.1%
Expenses	$311,132	$226,230	+0.4%
Net Income	$-58,481	$49,189	-2.2%

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
GNANESWAR CHUNDI	SECRETARY	2.00	Officer	$0	$0	$0
PRANAY PRABHU	SECRETARY	4.00	Officer	$0	$0	$0
MICHAEL USSAK	TREASURER	7.00	Officer	$0	$0	$0
SCOTT ZEDERBAUM	VICE PRESIDE	9.00	Officer	$0	$0	$0
STEVEN ZEDERBAUM	PRESIDENT	4.00	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	$252,651	$311,132	$802,472	$-58,481
2023	$275,419	$226,230	$850,053	$49,189
2022	$697,453	$186,996	$800,864	$510,457
2021	$255,237	$168,111	$290,407	$87,126

RARITAN VALLEY REGIONAL EMERGENCY MEDICAL SERVICE INC