NORTH CANAAN VOLUNTEER AMBULANCE CO (EIN 060938868) - 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

1976

Legal Domicile

Principal Officer

WILLIAM MINACCI

Tax Period

2023-01-01 to 2023-12-31

NORTH CANAAN VOLUNTEER AMBULANCE CO, founded in 1976, is a small nonprofit in the Health Care sector that reported $693K in total revenue in fiscal year 2023.

Mission

AMBULANCE SERVICES

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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 $160,960

Program Service Revenue $525,525

Investment Income $6,970

Other Revenue $0

TOTAL REVENUE $693,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,745

Fundraising Expenses $5,361

Program Expenses $678,334

Other Expenses $354,073

TOTAL EXPENSES $735,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$693,455	$660,070	+0.1%
Expenses	$735,818	$678,336	+0.1%
Net Income	$-42,363	$-18,266	+1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH MCGUIRE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL GALGANO	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL ZUCCO	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM MINACCI	CHIEF	4.00	Officer Director	$0	$0	$0
EMILY M MINACCI	TREASURER	4.00	Officer Director	$0	$0	$0
MATT DEVINO	PRESIDENT	1.00	Officer Director	$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	No data	No data	No data	No data
2023	$693,455	$735,818	$697,044	$-42,363
2022	$660,070	$678,336	$719,524	$-18,266
2021	$667,281	$701,140	$837,891	$-33,859
2020	$584,273	$692,090	$847,129	$-107,817
2019	$587,814	$706,279	$942,927	$-118,465
2018	$484,933	$592,372	$932,663	$-107,439

NORTH CANAAN VOLUNTEER AMBULANCE CO