IRVINGTON VOLUNTEER AMBULANCE CORPS (EIN 136147390) - 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

1961

Legal Domicile

Principal Officer

LUCAS ISOLA

Phone

9145915151

Tax Period

2023-08-01 to 2024-07-31

IRVINGTON VOLUNTEER AMBULANCE CORPS, founded in 1961, is a small nonprofit that reported $319K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $371K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE EMERGENCY AMBULANCE SERVICE TO THE VILLAGE OF IRVINGTON, NY AND NEIGHBORING COMMUNITIES AND TO EDUCATE FIRST RESPONDERS AND THE COMMUNITY IN EMERGENCY MEDICINE.

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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 $56,144

Program Service Revenue $249,375

Investment Income $13,947

Other Revenue $0

TOTAL REVENUE $319,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $4,584

Program Expenses $358,298

Other Expenses $370,806

TOTAL EXPENSES $370,806

Year-over-Year Comparison

	2023	2022	Change
Revenue	$319,466	$538,064	-0.4%
Expenses	$370,806	$364,707	+0.0%
Net Income	$-51,340	$173,357	-1.3%

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

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
LUCAS ISOLA	CAPTAIN	40.00	Officer Director	$0	$0	$0
SARAH A PALERMO	TREASURER	6.00	Officer Director	$0	$0	$0
BRIAN O'NEILL	DIRECTOR	2.00	Director	$0	$0	$0
NANCY ADLER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID GRAYBEAL	DIRECTOR	2.00	Director	$0	$0	$0
RANDELL DODGE	DIRECTOR	2.00	Director	$0	$0	$0
MITCH KOCH	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN L LEWIT	DIRECTOR	2.00	Director	$0	$0	$0
ADRIANA RIVERA	FIRST LIEUTENANT	24.00	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	$319,466	$370,806	$699,263	$-51,340
2023	$538,064	$364,707	$749,569	$173,357
2022	$609,381	$333,688	$576,214	$275,693
2021	$382,433	$346,581	$300,521	$35,852
2020	$286,447	$335,626	$264,669	$-49,179
2019	$284,388	$357,410	$275,382	$-73,022
2018	$222,167	$316,712	$348,404	$-94,545

IRVINGTON VOLUNTEER AMBULANCE CORPS