Palmyra Ambulance Association of Palmyra NJ (EIN 226061577) - 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

1921

Legal Domicile

Phone

8568290500

Tax Period

2023-01-01 to 2023-12-31

Palmyra Ambulance Association of Palmyra NJ, founded in 1921, is a small nonprofit that reported $952K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $858K left a modest 10% surplus.

Mission

Provide Emergency Medical Services to the residents of Burl. Cty.

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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 $357,376

Program Service Revenue $579,569

Investment Income $15,479

Other Revenue $0

TOTAL REVENUE $952,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $504,883

Fundraising Expenses $11,267

Program Expenses $791,536

Other Expenses $352,993

TOTAL EXPENSES $857,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$952,424	$863,054	+0.1%
Expenses	$857,876	$832,213	+0.0%
Net Income	$94,548	$30,841	+2.1%

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

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

$8,244

Total Directors

$8,244

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Norman	Chief & Asst Tr	10.00	Officer Director	$8,244	$0	$8,244
Eva Schultz	Vice President	3.00	Officer Director	$0	$0	$0
Kim Quigg	Trustee	3.00	Director	$0	$0	$0
John Jenkins	Chairperson	3.00	Director	$0	$0	$0
John Quigg	Trustee	3.00	Director	$0	$0	$0
JoAnne Huber	Trustee	3.00	Director	$0	$0	$0
Teree Bankowski	Treasurer	10.00	Officer Director	$0	$0	$0
Sue Kennedy	President	5.00	Officer Director	$0	$0	$0
Doug Wickizer	Trustee	3.00	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	$952,424	$857,876	$1,028,581	$94,548
2022	$863,054	$832,213	$934,033	$30,841
2021	$705,928	$801,733	$903,192	$-95,805
2020	$1,127,196	$856,789	$998,997	$270,407
2019	$921,235	$917,210	$728,590	$4,025
2018	$851,469	$934,995	$724,565	$-83,526

Palmyra Ambulance Association of Palmyra NJ