FOREST CITY AREA EMERGENCY SERVICES INC (EIN 236402028) - 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

1964

Legal Domicile

Principal Officer

BARBARA MIHELC

Phone

5707853226

Tax Period

2024-01-01 to 2024-12-31

FOREST CITY AREA EMERGENCY SERVICES INC, founded in 1964, is a small nonprofit in the Health Care sector that reported $408K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $1.1M represent 31 months of operating reserves.

Mission

PROVIDE FIRE PROTECTION AND RESCUE SERVICES AND AMBULANCE SERVICES FOR THE BOROUGH OF FOREST CITY AND SURROUNDING COMMUNITIES.

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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 $57,151

Program Service Revenue $298,038

Investment Income $31,394

Other Revenue $21,233

TOTAL REVENUE $407,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,111

Fundraising Expenses $5,631

Program Expenses $390,137

Other Expenses $243,354

TOTAL EXPENSES $400,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$407,816	$360,247	+0.1%
Expenses	$400,465	$362,631	+0.1%
Net Income	$7,351	$-2,384	-4.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BOYD	DIRECTOR	N/A	Director	$0	$0	$0
KERRY L HENDERSON	SECRETARY	N/A	Officer Director	$0	$0	$0
MICHAEL VAN LEUVEN	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA MIHELC	TREASURER	N/A	Officer Director	$0	$0	$0
PAUL J MIHELC	DIRECTOR	N/A	Director	$0	$0	$0
ALAN DAUGEVELO	VICE PRESIDE	N/A	Officer	$0	$0	$0
THOMAS J PRINCE	PRESIDENT	N/A	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	$407,816	$400,465	$1,144,192	$7,351
2023	$360,247	$362,631	$1,161,703	$-2,384
2022	$673,302	$334,723	$1,185,228	$338,579
2021	$332,682	$357,331	$896,782	$-24,649
2020	$343,795	$376,275	$932,886	$-32,480
2019	$342,922	$372,585	$1,039,368	$-29,663
2018	$306,023	$359,594	$1,080,458	$-53,571

FOREST CITY AREA EMERGENCY SERVICES INC