Commack Volunteer Ambulance Corporation (EIN 237012685) - 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

1966

Legal Domicile

Principal Officer

THOMAS LOWENBERG

Phone

6314999342

Tax Period

2023-01-01 to 2023-12-31

Commack Volunteer Ambulance Corporation, founded in 1966, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2023. The organization ran a surplus of $525K, a strong 17% operating margin.

Mission

To provide skilled emergency medical care to victims of all injuries and medical emergencies within the Commack Volunteer Ambulance Corps district and to provide ambulance transportation for these victims to the hospital.To provide a variety of Community Outreach Services including:Basic first aid training Disaster preparednessExtremer weather preparednessAmbulance tours School presentationsAmbulance coverage for major events and Mutual aid to neighboring areas

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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 (2023)

Revenue Breakdown

Contributions & Grants $305,519

Program Service Revenue $2,729,686

Investment Income $31,923

Other Revenue $58,699

TOTAL REVENUE $3,125,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,299,584

Fundraising Expenses $13,501

Program Expenses $2,118,681

Other Expenses $1,243,639

TOTAL EXPENSES $2,600,550

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,125,827	$3,016,766	+0.0%
Expenses	$2,600,550	$2,508,555	+0.0%
Net Income	$525,277	$508,211	+0.0%

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

198

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

$207,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles CW Schwalbe	Board Member	8.00	Director	$0	$0	$0
Tom Lowenberg	Chairman	8.00	Director	$0	$0	$0
ROBERT HARDIE	Vice Chairman	8.00	Director	$0	$0	$0
EDWARD NORDSTROM	BOARD MEMBER	8.00	Director	$0	$0	$0
Paul Guttenberg	BOARD MEMBER	8.00	Director	$0	$0	$0
Dominic Pultovak	BOARD Treasurer	8.00	Director	$0	$0	$0
Justina Greenblatt	BOARD SECRETARY	8.00	Director	$0	$0	$0
Denise Rossi	Controller	40.00	Officer	$109,127	$0	$109,127
Joseph Cassano	EMS Director	40.00	Officer	$98,856	$0	$98,856
Michael Allison	CHIEF	8.00	Officer	$0	$0	$0
Troy Swantek	3rd Asst. Chief	8.00	Officer	$0	$0	$0
Joseph Vollers	1st Asst. Chief	8.00	Officer	$0	$0	$0
Kevin Reichardt	2nd Asst. Chief	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
2024	No data	No data	No data	No data
2023	$3,125,827	$2,600,550	$5,234,596	$525,277
2022	$3,016,766	$2,508,555	$4,701,585	$508,211
2021	$2,834,564	$2,461,903	$4,161,233	$372,661
2020	$3,204,138	$2,535,922	$3,851,752	$668,216
2019	$2,831,891	$2,551,853	$3,229,937	$280,038
2018	$2,703,541	$3,546,906	$3,406,391	$-843,365

Commack Volunteer Ambulance Corporation