INDIAN LAKE VOLUNTEER AMBULANCE CORP INC (EIN 141792597) - 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

1972

Legal Domicile

Principal Officer

ELIZABETH GUNDEL

Phone

5186480095

Tax Period

2023-01-01 to 2023-12-31

INDIAN LAKE VOLUNTEER AMBULANCE CORP INC, founded in 1972, is a small nonprofit in the Public Safety sector that reported $717K in total revenue in fiscal year 2023. Expenses of $669K left a modest 7% surplus.

Mission

EMERGENCY CARE SERVICES TO AREA HOSPITALS

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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 $526,297

Program Service Revenue $163,139

Investment Income $2,932

Other Revenue $25,000

TOTAL REVENUE $717,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $522,630

Fundraising Expenses $0

Program Expenses $554,692

Other Expenses $135,876

TOTAL EXPENSES $668,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$717,368	$697,533	+0.0%
Expenses	$668,986	$634,775	+0.1%
Net Income	$48,382	$62,758	-0.2%

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

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

$77,297

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA WELLS	CAPTAIN	40	Director	$76,775	$0	$76,775
CHARLES BRUSO	BOARD MEMBER	0.50	Director	$522	$0	$522
ALICE FISH	BOARD MEMBER	2	Director	$0	$0	$0
MARGARET FLEMING	SECRETARY	3	Director	$0	$0	$0
ELIZABETH GUNDEL	BOARD PRESIDENT	2	Director	$0	$0	$0
CINDY MORROW	BOARD MEMBER	2	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	$717,368	$668,986	$734,499	$48,382
2022	$697,533	$634,775	$934,464	$62,758
2021	$592,819	$585,025	$871,706	$7,794
2020	$571,949	$474,183	$863,912	$97,766
2019	$547,807	$491,000	$665,145	$56,807
2018	$526,159	$480,390	$610,072	$45,769

INDIAN LAKE VOLUNTEER AMBULANCE CORP INC