RAMSEY AMBULANCE CORPS INC

EIN: 226066177 501(c)(3)

RAMSEY, NJ

Total Revenue
$216,362
Total Expenses
$244,877
Total Assets
$655,956
Net Assets
$631,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NJ
Principal Officer
DEAN ALVAREZ
Phone
2013271777
Tax Period
2023-07-01 to 2024-06-30

RAMSEY AMBULANCE CORPS INC, founded in 1997, is a small nonprofit that reported $216K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $245K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE RAMSEY AMBULANCE CORPS IS DEDICATED TO PROVIDING A VOLUNTEER AMBULANCE SERVICE FOR THE RESIDENTS OF THE BOROUGH OF RAMSEY, NEW JERSEY; TO AID THE SUFFERING OF HUMANITY AT ALL TIMES AND ASSIST RESIDENTS OF OTHER COMMUNITIES IN CASES OF NECESSITY OR EMERGENCY; TO AFFILIATE WITH ANY COUNTY, STATE, NATIONAL, OR INTERNATIONAL FIRST AID ORGANIZATION WHICH HAS FOR ITS AIM THE IMPROVEMENT OF AMBULANCE SERVICES; AND FOR SUCH OTHER PURPOSES AS MAY BE NECESSARY OR HELPFUL. THE RAMSEY AMBULANCE CORPS IS A NON-PROFIT (501C3) ORGANIZATION THAT SUBSISTS PRIMARILY ON VOLUNTARY CONTRIBUTIONS TO PROVIDE SUCH SUPERB SERVICE TO ITS COMMUNITY.

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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 $208,228
Program Service Revenue $0
Investment Income $8,134
Other Revenue $0
TOTAL REVENUE $216,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $6,730
Program Expenses $190,193
Other Expenses $244,877
TOTAL EXPENSES $244,877

Year-over-Year Comparison

2023 2022 Change
Revenue $216,362 $235,423 -0.1%
Expenses $244,877 $219,878 +0.1%
Net Income $-28,515 $15,545 -2.8%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
50

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAX BOTROS TRUSTEE 5.00
Director
$0 $0 $0
JOSEPH DOLCEMASCOLO TRUSTEE 5.00
Director
$0 $0 $0
ALISON MAGLIO TRUSTEE 5.00
Director
$0 $0 $0
PEGGY WARNET TRUSTEE 5.00
Director
$0 $0 $0
BRUCE GREENWOOD HEAD TRUSTEE 5.00
Director
$0 $0 $0
ALANA DOLCEMASCOLO RECORDING SECRETARY 10.00
Officer Director
$0 $0 $0
KERRY CONKLIN CORRESPONDING SECRETARY 10.00
Officer Director
$0 $0 $0
DEAN ALVAREZ TREASURER 10.00
Officer Director
$0 $0 $0
CHRISTINA MONTANYE VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
JANE SIMON PRESIDENT 10.00
Officer 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
2025 No data No data No data No data
2024 $216,362 $244,877 $655,956 $-28,515
2024 $216,362 $245,104 $655,957 $-28,742
2023 $235,423 $219,878 $684,471 $15,545
2022 $161,162 $261,546 $645,668 $-100,384
2021 $156,452 $238,707 $746,130 $-82,255
2020 $151,847 $224,358 $820,867 $-72,511
2019 $173,639 $185,136 $894,467 $-11,497
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