HATZALAH EMERGENCY MEDICAL SERVICES OF THE JERSEY SHORE INC

EIN: 753032308 501(c)(3) Health Care

ELBERON, NJ

Total Revenue
$2,077,429
Total Expenses
$1,056,143
Total Assets
$5,243,455
Net Assets
$5,243,455
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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
2002
Legal Domicile
NJ
Principal Officer
STEVEN SITT
Phone
7325714659
Tax Period
2023-01-01 to 2023-12-31

HATZALAH EMERGENCY MEDICAL SERVICES OF THE JERSEY SHORE INC, founded in 2002, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 49% operating margin.

Mission

PROVIDING FIRST AID TREATMENT AND EMERGENCY MEDICAL CARE TRANSPORTATION.

Program Service Accomplishments

Program 1
Expenses: $593,779

PROMOTING AND PROVIDING PROMPT AND PROPER FIRST AID TREATMENT AND MEDICAL CARE TRANSPORTATION IN MEDICAL EMERGENCIES TO COMMUNITY MEMBERS LOCATED IN 7 MUNICIPALITIES AND OVER 10 SQUARE MILES OF THE...

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PROMOTING AND PROVIDING PROMPT AND PROPER FIRST AID TREATMENT AND MEDICAL CARE TRANSPORTATION IN MEDICAL EMERGENCIES TO COMMUNITY MEMBERS LOCATED IN 7 MUNICIPALITIES AND OVER 10 SQUARE MILES OF THE JERSEY SHORE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,090,986
Program Service Revenue $0
Investment Income $37
Other Revenue $-13,594
TOTAL REVENUE $2,077,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,635
Fundraising Expenses $119,651
Program Expenses $593,779
Other Expenses $885,508
TOTAL EXPENSES $1,056,143

Year-over-Year Comparison

2023 2022 Change
Revenue $2,077,429 $1,077,116 +0.9%
Expenses $1,056,143 $662,315 +0.6%
Net Income $1,021,286 $414,801 +1.5%
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

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Governance

Voting Members
8
Independent Members
8
Employees
2
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
1
$132,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFERY ELBAUM EXECUTIVE BOARD MEMBER 2.00
Director
$0 $0 $0
CHARLES ABADY EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
MORRIS ABRAHAM EXECUTIVE BOARD MEMBER 2.00
Director
$0 $0 $0
ALAN ESSES EXECUTIVE BOARD MEMBER 2.00
Director
$0 $0 $0
GLEN PARKER EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
ISAAC FRANCO EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
JASON NEHMAD EXECUTIVE BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN SITT EXECUTIVE DIRECTOR 50.00
Officer
$132,000 $0 $132,000
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 $2,077,429 $1,056,143 $5,243,455 $1,021,286
2022 $1,077,116 $662,315 $4,222,169 $414,801
2021 $1,220,337 $603,132 $3,807,368 $617,205
2020 $946,831 $595,072 $3,190,163 $351,759
2019 $700,264 $493,435 $2,838,404 $206,829
2018 $776,788 $489,613 $2,630,524 $287,175
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