Carmel Volunteer Ambulance Corporation (EIN 237006687) - 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

1968

Legal Domicile

Principal Officer

Claire Forde

Phone

8452257000

Tax Period

2021-07-01 to 2022-06-30

Carmel Volunteer Ambulance Corporation, founded in 1968, is a small nonprofit that reported $548K in total revenue in fiscal year 2021. Expenses of $516K left a modest 6% surplus.

Mission

Emergency medical system first response agency serving the Hamlet of Carmel, NY and surrounding areas. Primary purpose is to provide emergency medical care to the sick and injured.

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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 (2021)

Revenue Breakdown

Contributions & Grants $200,000

Program Service Revenue $337,244

Investment Income $6,066

Other Revenue $4,255

TOTAL REVENUE $547,565

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $461,872

Other Expenses $515,725

TOTAL EXPENSES $516,120

Year-over-Year Comparison

	2021	2020	Change
Revenue	$547,565	$509,619	+0.1%
Expenses	$516,120	$570,070	-0.1%
Net Income	$31,445	$-60,451	-1.5%

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

N/A

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
Cindy Jacobsen	President	15.00	Officer	$0	$0	$0
Raymond Gort	Vice President	10.00	Officer	$0	$0	$0
Nicole Raucci	Secretary	10.00	Officer	$0	$0	$0
Claire Forde	Treasurer	12.00	Officer	$0	$0	$0
Jane Kershaw	Admin. Assistant	5.00	Officer	$0	$0	$0
David Jacobsen	Captain	10.00	Officer	$0	$0	$0
Steven Priolo	1st Lieutenant	8.00	Officer	$0	$0	$0
Benjamin Bernard	2nd Lietenant	8.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$547,565	$516,120	$1,138,278	$31,445
2021	$509,619	$570,070	$1,044,360	$-60,451
2019	$506,936	$485,962	$1,140,571	$20,974
2018	$449,209	$458,419	$1,125,678	$-9,210

Carmel Volunteer Ambulance Corporation