NEW CITY VOLUNTEER AMBULANCE CORPS

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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

1960

Legal Domicile

Principal Officer

BERNICE GARATTI

Phone

8456397060

Tax Period

2024-01-01 to 2024-12-31

NEW CITY VOLUNTEER AMBULANCE CORPS, founded in 1960, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $316K, a strong 20% operating margin.

Mission

To provide emergency, medical and ambulance service to the community, at any time such service may be neccessary.

Program Service Accomplishments

Program 1

Expenses: $1,167,333

PROVIDING VOLUNTEER AMBULANCE AND RESCUE SERVICES TO THE 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 (2024)

Revenue Breakdown

Contributions & Grants $32,254

Program Service Revenue $1,441,791

Investment Income $55,085

Other Revenue $12,000

TOTAL REVENUE $1,541,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,212

Fundraising Expenses $0

Program Expenses $1,167,333

Other Expenses $866,134

TOTAL EXPENSES $1,225,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,541,130	$1,287,086	+0.2%
Expenses	$1,225,346	$1,060,332	+0.2%
Net Income	$315,784	$226,754	+0.4%

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

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
ZEV NUDEL	Board Member	10.00	Director	$0	$0	$0
JASON RUDNITSKY	Board Member	10.00	Director	$0	$0	$0
BERNICE GARATTI	President	10.00	Officer	$0	$0	$0
ROB BERNSTEIN	Captain	10.00	Officer	$0	$0	$0
CINDY GITLIN	Treasurer	10.00	Officer	$0	$0	$0
ELENA JACOBS	Secretary	10.00	Officer	$0	$0	$0
SCOTT FRAE	Vice President	10.00	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	$1,541,130	$1,225,346	$3,129,916	$315,784
2023	$1,287,086	$1,060,332	$2,112,988	$226,754
2022	$950,666	$865,919	$1,882,843	$84,747
2021	$987,555	$959,198	$1,617,907	$28,357
2020	$805,173	$858,662	$1,694,003	$-53,489
2019	$791,108	$915,103	$1,702,189	$-123,995
2018	$754,770	$826,717	$1,963,147	$-71,947