OSSINING VOLUNTEER AMBULANCE CORPS INC

EIN: 136141685 501(c)(3) Health Care

OSSINING, NY

Total Revenue
$5,104,272
Total Expenses
$4,573,294
Total Assets
$4,874,421
Net Assets
$4,681,920
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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
1958
Legal Domicile
NY
Principal Officer
WILLIAM HANAUER
Phone
9149413941
Tax Period
2023-01-01 to 2023-12-31

OSSINING VOLUNTEER AMBULANCE CORPS INC, founded in 1958, is a community nonprofit in the Health Care sector that reported $5.1M in total revenue in fiscal year 2023. Expenses of $4.6M left a modest 10% surplus.

Mission

VOLUNTEER AMBULANCE CORP

Program Service Accomplishments

Program 1
Expenses: $4,436,711 Revenue: $4,283,352

OVAC IS LICENSED BY THE STATE OF NEW YORK AS A PROVIDER OF ALS ADVANCED LIFE SUPPORT CARE. OVAC RESPONDS TO EMERGENCY AND NONEMERGENCY CALLS WITHIN OUR RESPONSE AREA AS SET IN OUR CHARTER. OUR...

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OVAC IS LICENSED BY THE STATE OF NEW YORK AS A PROVIDER OF ALS ADVANCED LIFE SUPPORT CARE. OVAC RESPONDS TO EMERGENCY AND NONEMERGENCY CALLS WITHIN OUR RESPONSE AREA AS SET IN OUR CHARTER. OUR RESPONSE AREA COVERS THE ENTIRE OSSINING SCHOOL DISTRICT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $720,523
Program Service Revenue $4,283,352
Investment Income $35,804
Other Revenue $64,593
TOTAL REVENUE $5,104,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,193,522
Fundraising Expenses $14,446
Program Expenses $4,436,711
Other Expenses $1,379,772
TOTAL EXPENSES $4,573,294

Year-over-Year Comparison

2023 2022 Change
Revenue $5,104,272 $4,845,638 +0.1%
Expenses $4,573,294 $3,797,063 +0.2%
Net Income $530,978 $1,048,575 -0.5%
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

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Governance

Voting Members
15
Independent Members
8
Employees
135
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
7
$194,779
Total Directors
7
$194,779
Key Employees
1
$194,779
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOMINIC FRANZOSO CHIEF/EMS DIRECTOR 040.00
Officer Director Key Emp Highest
$194,779 $0 $194,779
WILLIAM HANAUER CHAIRMAN 005.00
Officer Director
$0 $0 $0
ROBERT ZUCKER LIEUTENANT 020.00
Officer Director
$0 $0 $0
ROBERT SPINK LIEUTENANT 020.00
Officer Director
$0 $0 $0
VALENTINA GARCIA LIEUTENANT 020.00
Officer Director
$0 $0 $0
DAVID LEVITT TREASURER 025.00
Officer Director
$0 $0 $0
LAURIE CHEBETAR CORRESPONDING SEC 005.00
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 $5,104,272 $4,573,294 $4,874,421 $530,978
2022 $4,845,638 $3,797,063 $4,423,191 $1,048,575
2021 $3,611,175 $3,660,702 $3,502,335 $-49,527
2020 $3,531,339 $3,134,231 $3,263,059 $397,108
2019 $2,928,743 $2,711,498 $2,922,884 $217,245
2018 $2,289,627 $2,420,274 $2,613,555 $-130,647
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