INLET VOLUNTEER EMERGENCY SERVICES (EIN 161549797) - 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

1923

Legal Domicile

Principal Officer

HERBERT SCHMID

Phone

3153576601

Tax Period

2024-01-01 to 2024-12-31

INLET VOLUNTEER EMERGENCY SERVICES, founded in 1923, is a small nonprofit in the Public Safety sector that reported $469K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $1.5M represent 39 months of operating reserves.

Mission

PROVIDES EMERGENCY AMBULANCE SERVICES AND FIRE PROTECTION SERVICES FOR RESIDENTS OF INLET, NEW YORK.

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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 $86,945

Program Service Revenue $290,438

Investment Income $27,690

Other Revenue $63,780

TOTAL REVENUE $468,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $164,486

Fundraising Expenses $0

Program Expenses $485,987

Other Expenses $332,379

TOTAL EXPENSES $496,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$468,853	$561,022	-0.2%
Expenses	$496,865	$513,362	0.0%
Net Income	$-28,012	$47,660	-1.6%

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

$73,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL SCHEIDELMAN	SQUAD CAPTAI	10.00	Officer	$69,360	$0	$69,360
HERBERT SCHMID	TREAS. IVES,	15.00	Officer	$4,500	$0	$4,500
ED BOOTON	VICE CHAIRMA	2.00	Officer	$0	$0	$0
DENNIS HUDSON	VICE PRESIDE	2.00	Officer	$0	$0	$0
ANDREW KALIL	PRESIDENT IV	15.00	Officer	$0	$0	$0
TODD MARLEAU	VICE CHAIR,	2.00	Officer	$0	$0	$0
GEORGE PETERSON	CHAIRMAN	5.00	Officer	$0	$0	$0
PHIL SANZONE	SECRETARY IV	10.00	Officer	$0	$0	$0
BECKY TOWNSEND	SECRETARY HO	5.00	Officer	$0	$0	$0
DONALD TOWNSEND	FIRE CHIEF	15.00	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	$468,853	$496,865	$1,662,635	$-28,012
2023	$561,022	$513,362	$1,723,976	$47,660
2022	$549,128	$433,736	$1,708,928	$115,392
2021	$421,440	$243,832	$1,392,313	$177,608
2020	$374,900	$226,881	$1,213,049	$148,019
2019	$296,832	$226,096	$1,063,533	$70,736
2018	$239,661	$219,383	$992,862	$20,278

INLET VOLUNTEER EMERGENCY SERVICES