Palmyra Ambulance Association of Palmyra NJ

EIN: 226061577 501(c)(3)

Palmyra, NJ

Total Revenue
$952,424
Total Expenses
$857,876
Total Assets
$1,028,581
Net Assets
$1,028,581
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
NJ
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.

Program Service Accomplishments

Program 1
Expenses: $791,536

Provided 24 hour emergency medical services to the residents of the communities of Palmyra, Cinnaminson and Riverton, NJ as well as residents of other surrounding communities as needed.

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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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
35
Volunteers
25

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
4
$8,244
Total Directors
9
$8,244
Key Employees
0
$0
Highest Compensated
0
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
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