Hoboken Volunteer Ambulance Corp
Nonprofit profile at a glance
- EIN
- 221997188
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- Hoboken, NJ, USA
- Phone
- 2014202135
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Ambulance, Emergency Medical Transport Services
Reported finances
- Revenue
- $555,827
- Expenses
- $485,028
- Assets
- $642,705
- Liabilities
- $77,436
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- Thomas Molta (President)
- Joseph Zelasko Captain (CEO)
People named in this filing
- Thomas Molta (President)
- BJ Weschke (Treasurer)
- Nicole Yang (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Hoboken Volunteer Ambulance Corp the Corp provides BLS level emergency medical services to the residents and visitors in the City Hoboken and the surrounding communities. The Corp provides these services at no charge to its patients and is entirely supported by the volunteer hours of its members and the financial support of its donors.
What it reported doing in 2024
The Hoboken Volunteer Ambulance Corp the Corp provides BLS level emergency medical services to the City of Hoboken and its residents and visitors. During the fiscal year ended, the Corp answered over 3,500 calls for service. Whether operating during normal times or during declared states of emergency, the Corp and its members are trained and prepared for the wide range of emergency services it faces from medical emergencies, accidents and trauma, CPR, seizures, to courtesy transports and community outreach. As the last all volunteer ambulance agency in Hudson County, all Corp operations and Corp administrative functions are performed by over 200 members who volunteer their time and share their talent with the Corp and with the residents of the City. The Corp continues to rely of the skills and contributions of the members to fill the necessary roles as EMTs, Drivers, Observers and Officers. Keeping the City covered with 1 to 4 ambulances 24 hours a day, 365 days a year requires between 20,000 to 70,000 volunteer hours per year.
Operating model
- Revenue model
- Affiliate-supported. 79% of the money available for current operations came from contributions from related organizations.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 86
- Accountability: 30
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 91.8%; rating input score 92
- Fundraising efficiency: $75.79 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 12.7%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 1.33; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 40; 40th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 21st percentile among comparable filings
- Revenue growth: 13.7% per year; rating input score 100; 76th percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 52nd percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 91.8% of spending went to programs
- Governance: 0 of 94 board members independent · 5 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $445K in reported program spending
- Leadership: top reported pay $0 · 16 people listed
- Consistency: 16 of 17 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 6 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 40/100.