EAST MIDWOOD VOLUNTEER AMBULANCE (EIN 112655466) - 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

1984

Legal Domicile

Principal Officer

YAKOV KORNITZER

Phone

9179743641

Tax Period

2023-01-01 to 2023-12-31

EAST MIDWOOD VOLUNTEER AMBULANCE, founded in 1984, is a small nonprofit that reported $169K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $284K exceeded revenue, resulting in a 68% operating deficit.

Mission

EAST MIDWOOD VOLUNTEER AMBULANCE IS AN ALL VOLUNTEER AMBULANCE SERVICE FOR RESIDENTS OF EAST MIDWOOD, BROOKLYN, NY. EAST MIDWOOD VOLUNTEER AMBULANCE IS A COMMUNITY-BASED ORGANIZATION THAT STRIVES TO PROVIDE THE BEST PRE-HOSPITAL EMERGENCY CARE TO THE LOCAL COMMUNITY.

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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 $1,332

Program Service Revenue $167,400

Investment Income $0

Other Revenue $0

TOTAL REVENUE $168,732

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $114,348

Other Expenses $283,534

TOTAL EXPENSES $283,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,732	$341,920	-0.5%
Expenses	$283,534	$362,042	-0.2%
Net Income	$-114,802	$-20,122	+4.7%

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

N/A

Volunteers

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
YAKOV KORNITZER	PRESIDENT	20.00	Officer Director	$0	$0	$0
DAVID MANDEL	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
YEHUDAH BORENSTEIN	SECRETARY	10.00	Officer Director	$0	$0	$0
ABRAHAM LEVY	BOARD MEMBER	25.00	Director	$0	$0	$0
HENRY WEBER	BOARD MEMBER	4.00	Director	$0	$0	$0
VICTOR BRIEF	BOARD MEMBER	5.00	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
2023	$168,732	$283,534	$258,632	$-114,802
2022	$341,920	$362,042	$373,434	$-20,122
2021	$270,000	$341,444	$393,556	$-71,444
2020	$261,757	$333,064	$111,500	$-71,307
2019	$298,604	$346,319	$52,209	$-47,715
2018	$250,636	$350,670	$96,331	$-100,034

EAST MIDWOOD VOLUNTEER AMBULANCE