Glen Cove VEMS Association Inc (EIN 112827267) - 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

1985

Legal Domicile

Principal Officer

Andrew Carpenter

Phone

5166762331

Tax Period

2024-01-01 to 2024-12-31

Glen Cove VEMS Association Inc, founded in 1985, is a micro nonprofit that reported $23K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 14% operating deficit.

Mission

The Organization's mission is to provide Emergency Medical Care to the community on a 24 hour basis.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $23,391

TOTAL REVENUE $23,391

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $26,740

TOTAL EXPENSES $26,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,391	$39,796	-0.4%
Expenses	$26,740	$24,613	+0.1%
Net Income	$-3,349	$15,183	-1.2%

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

N/A

Employees

N/A

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
Steve Nelson	President	30.00	Officer	$0	$0	$0
Anthony Jimenz	Vice President	30.00	Officer	$0	$0	$0
Anthony J Tripp	Treasurer	30.00	Officer	$0	$0	$0
Julieann Doughty Wandelt	Secretary	30.00	Officer	$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	$23,391	$26,740	$83,663	$-3,349
2023	$39,796	$24,613	$87,012	$15,183
2022	$36,044	$19,686	$71,829	$16,358
2021	$4,555	$15,549	$56,056	$-10,994
2020	$26,067	$25,089	$66,891	$978
2019	$31,906	$25,250	$70,873	$6,656
2018	$26,786	$36,878	$59,256	$-10,092

Glen Cove VEMS Association Inc