HERITAGE VILLAGE AMBULANCE ASSOCIATION INC (EIN 237102822) - 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

1971

Legal Domicile

Principal Officer

CAROL RUSSO

Phone

2032644600

Tax Period

2024-01-01 to 2024-12-31

HERITAGE VILLAGE AMBULANCE ASSOCIATION INC, founded in 1971, is a small nonprofit that reported $183K in total revenue in fiscal year 2024. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $412K exceeded revenue, resulting in a 125% operating deficit.

Mission

TO PROVIDE TRANSPORTATION TO HERITAGE VILLAGE RESIDENTS TO LOCAL HOSPITALS FOR EMERGENCY MEDICAL 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 $1,075

Program Service Revenue $182,767

Investment Income $-638

Other Revenue $0

TOTAL REVENUE $183,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,228

Fundraising Expenses $414

Program Expenses $285,784

Other Expenses $332,541

TOTAL EXPENSES $411,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$183,204	$1,131,959	-0.8%
Expenses	$411,769	$769,602	-0.5%
Net Income	$-228,565	$362,357	-1.6%

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
SHEILA CHRISTENSON	2ND VICE PRE	N/A	Officer	$0	$0	$0
GEORGE GOODWIN	PRESIDENT	N/A	Officer	$0	$0	$0
CAROL RUSSO	TREASURER	N/A	Officer	$0	$0	$0
BONNIE SMITH	V 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
2025	No data	No data	No data	No data
2024	$183,204	$411,769	$160,070	$-228,565
2023	$1,131,959	$769,602	$375,374	$362,357
2022	$613,536	$718,863	$28,653	$-105,327
2021	$491,930	$641,659	$133,980	$-149,729
2020	$781,428	$596,563	$355,109	$184,865
2019	$499,845	$586,978	$98,844	$-87,133
2018	$468,861	$546,609	$185,977	$-77,748
2017	$442,392	$530,310	$263,725	$-87,918

HERITAGE VILLAGE AMBULANCE ASSOCIATION INC