WEST QUEENS VOLUNTEER AMBULANCE ASSOCIATION INC (EIN 113010572) - 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

1990

Legal Domicile

Principal Officer

Alan Wolfe

Phone

8665049927

Tax Period

2020-01-01 to 2020-12-31

WEST QUEENS VOLUNTEER AMBULANCE ASSOCIATION INC, founded in 1990, is a micro nonprofit that reported $2K in total revenue in fiscal year 2020. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $5K exceeded revenue, resulting in a 202% operating deficit.

Mission

Foster cooperation among local volunteer ambulance corps, help pool resources to provide training, assist in community education and do anything incidental to or connected with the forgoing purposes.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,687

Other Revenue $0

TOTAL REVENUE $1,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,901

Other Expenses $5,091

TOTAL EXPENSES $5,091

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,687	$15,660	-0.9%
Expenses	$5,091	N/A	N/A
Net Income	$-3,404	$15,660	-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

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
Alan Wolfe	President, Chairperson & Director	1	Officer Director	$0	$0	$0
Steven Sharkey	Director & Vice Chairperson	1	Officer Director	$0	$0	$0
Jerry Gelbard	Director	1	Director	$0	$0	$0
Kevin Mahoney	Director	1	Director	$0	$0	$0
Jose Palaez	Director	1	Director	$0	$0	$0
Kathleen Sexton	Director	1	Director	$0	$0	$0
John Alber	Director (WQEMTI Chair)	1	Director	$0	$0	$0
James Downey	Treasurer	1	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
2020	$1,687	$5,091	$126,180	$-3,404

WEST QUEENS VOLUNTEER AMBULANCE ASSOCIATION INC