Seneca Volunteer Ambulance Service (EIN 208480876) - 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

2007

Legal Domicile

Phone

6307231717

Tax Period

2023-01-01 to 2023-12-31

Seneca Volunteer Ambulance Service, founded in 2007, is a small nonprofit in the Health Care sector that reported $399K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $534K exceeded revenue, resulting in a 34% operating deficit.

Mission

To provide professional rescue and emergency medical treatment to all residents in Seneca, IL.

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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 $0

Program Service Revenue $372,609

Investment Income $26,610

Other Revenue $0

TOTAL REVENUE $399,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $493,604

Fundraising Expenses $0

Program Expenses $496,650

Other Expenses $40,873

TOTAL EXPENSES $534,477

Year-over-Year Comparison

	2023	2022	Change
Revenue	$399,219	$335,947	+0.2%
Expenses	$534,477	$481,411	+0.1%
Net Income	$-135,258	$-145,464	-0.1%

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

N/A

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
Karen Osmond	Treasurer	20.00		$22,882	$0	$22,882
Jason Bersano	Secretary	10.00	Director	$0	$0	$0
Robert Osmond	President	30.00		$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	$399,219	$534,477	$274,456	$-135,258
2022	$335,947	$481,411	$412,972	$-145,464
2021	$407,573	$439,867	$548,655	$-32,294
2020	$361,840	$423,783	$553,928	$-61,943
2019	$429,584	$401,989	$602,216	$27,595

Seneca Volunteer Ambulance Service