HATZALAH EMERGENCY MEDICAL SERVICES OF THE JERSEY SHORE INC (EIN 753032308) - 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

2002

Legal Domicile

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.

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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 $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

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

$132,000

Total Directors

Key Employees

Highest Compensated

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

HATZALAH EMERGENCY MEDICAL SERVICES OF THE JERSEY SHORE INC