Ringwood Ambulance Corps Inc

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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

1963

Legal Domicile

Principal Officer

Mark Zucnick

Phone

9739627017

Tax Period

2024-01-01 to 2024-12-31

Ringwood Ambulance Corps Inc, founded in 1963, is a small nonprofit in the Health Care sector that reported $140K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Net assets of $1.3M represent 110 months of operating reserves.

Mission

Emergency Medical Care and Transportation

Program Service Accomplishments

Program 1

Expenses: $115,597 Revenue: $140,191

Provide emergency medical care and transportation to the ill and injured within the community. No grants

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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 $132,798

Program Service Revenue $745

Investment Income $6,648

Other Revenue $0

TOTAL REVENUE $140,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $6,211

Program Expenses $115,597

Other Expenses $145,089

TOTAL EXPENSES $145,089

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,191	$151,603	-0.1%
Expenses	$145,089	$145,046	+0.0%
Net Income	$-4,898	$6,557	-1.7%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Zucnick	Captain	15.00	Officer	$0	$0	$0
Laura Ingraffea	Treasurer	5.00	Officer	$0	$0	$0
Lee Anderson	1st Lieutenant	5.00	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
2025	No data	No data	No data	No data
2024	$140,191	$145,089	$1,283,518	$-4,898
2023	$151,603	$145,046	$1,287,263	$6,557
2022	$149,906	$143,326	$1,271,608	$6,580
2021	$150,149	$151,013	$1,283,885	$-864
2020	$159,487	$133,865	$1,296,590	$25,622
2019	$148,356	$190,332	$1,255,702	$-41,976
2018	$148,677	$191,643	$1,281,810	$-42,966