MALVERNE VOLUNTEER AMBULANCE CORPS INC (EIN 237024065) - 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

1988

Legal Domicile

Principal Officer

Luis Lora

Phone

5163417353

Tax Period

2023-11-01 to 2024-10-31

MALVERNE VOLUNTEER AMBULANCE CORPS INC, founded in 1988, is a micro nonprofit in the Health Care sector that reported $25K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $36K exceeded revenue, resulting in a 44% operating deficit.

Mission

The Malverne Volunteer Ambulance Corps Inc. exempt purpose and program services provided is a free continuous 24 hour emergency care and transportation to a population in excess of 10,000 people.

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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 $0

Program Service Revenue $0

Investment Income $24,971

Other Revenue $0

TOTAL REVENUE $24,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,995

Other Expenses $36,013

TOTAL EXPENSES $36,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,971	$19,054	+0.3%
Expenses	$36,013	$41,422	-0.1%
Net Income	$-11,042	$-22,368	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luis Lora	President	10.00	Director	$0	$0	$0
Victoria Lora	Vice-President	10.00	Director	$0	$0	$0
Areeb Yaseen	Board Member	10.00	Director	$0	$0	$0
William Malone	Chairman of the Board	10.00	Director	$0	$0	$0
John J Hassett Sr	Treasurer and Board Member	10.00	Director	$0	$0	$0
Carol A Hassett	Secretary and Board Member	10.00	Director	$0	$0	$0
Kanishka Yaseen	Board Member	10.00	Director	$0	$0	$0
Matt Crimmins	Board Member	10.00	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
2024	$24,971	$36,013	$629,583	$-11,042
2023	$19,054	$41,422	$640,261	$-22,368
2022	$67,691	$71,660	$648,717	$-3,969
2021	$74,467	$73,524	$652,686	$943
2020	$80,420	$85,894	$651,743	$-5,474

MALVERNE VOLUNTEER AMBULANCE CORPS INC