Avoca Ambulance Association Inc (EIN 232246547) - 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

1984

Legal Domicile

Principal Officer

Colleen Velehoski

Phone

5704571245

Tax Period

2024-01-01 to 2024-12-31

Avoca Ambulance Association Inc, founded in 1984, is a small nonprofit that reported $149K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $187K exceeded revenue, resulting in a 26% operating deficit.

Mission

Emergency Ambulance Service

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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 $85,783

Program Service Revenue $53,437

Investment Income $9,510

Other Revenue $0

TOTAL REVENUE $148,730

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,494

Fundraising Expenses $4,240

Program Expenses $174,225

Other Expenses $100,548

TOTAL EXPENSES $187,282

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,730	$188,596	-0.2%
Expenses	$187,282	$259,834	-0.3%
Net Income	$-38,552	$-71,238	-0.5%

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

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

$18,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Colleen Evans	President	30.00	Officer	$4,433	$0	$4,433
James McMahon	Secretary	20.00	Officer	$14,107	$0	$14,107
Elaine Blazosek	Treasurer	3.00	Officer	$247	$0	$247
Gary Halagarda	Captain	5.00	Officer	$126	$0	$126
John Soy	Vice President	3.00	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
2024	$148,730	$187,282	$119,466	$-38,552
2023	$188,596	$259,834	$302,516	$-71,238
2022	$271,368	$233,184	$341,975	$38,184
2021	$346,631	$292,679	$344,081	$53,952
2020	$362,869	$335,673	$275,244	$27,196
2019	$318,817	$338,279	$234,664	$-19,462
2018	$323,533	$356,498	$254,824	$-32,965

Avoca Ambulance Association Inc