We report inelastic and elastic neutron scattering, magnetic susceptibility, and heat capacity measurements of polycrystalline sodium ruthenate (Na$_3$RuO$_4$). Previous work suggests this material consists of isolated tetramers of $S=3/2$ Ru$^{5+}$ ions in a so-called lozenge configuration. Using a Heisenberg antiferromagnet Hamiltonian, we analytically determine the energy eigenstates for general spin $S$. From this model, the neutron scattering cross-sections for excitations associated with spin-3/2 spin-tetramer configurations is determined. Comparison of magnetic susceptibility and inelastic neutron scattering results shows that the proposed lozenge model is not distinctly supported, but provides evidence that the system may be better described as a pair of non-interacting inequivalent dimers, textit{i.e} double dimers. However, the existence of long-range magnetic order below $T_c approx 28$ K immediately questions such a description. Although no evidence of the lozenge model is observed, future studies on single crystals may further clarify the appropriate magnetic Hamiltonian.
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