MIDLAND PARK AMBULANCE CORP INC (EIN 237108509) - 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

1978

Legal Domicile

Phone

2014443838

Tax Period

2024-01-01 to 2024-12-31

MIDLAND PARK AMBULANCE CORP INC, founded in 1978, is a small nonprofit in the Health Care sector that reported $178K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $165K left a modest 7% surplus.

Mission

To serve the community by providing ambulatory and first aid services.

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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 $145,629

Program Service Revenue $0

Investment Income $20,653

Other Revenue $11,550

TOTAL REVENUE $177,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,147

Other Expenses $165,147

TOTAL EXPENSES $165,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,832	$277,336	-0.4%
Expenses	$165,147	$172,262	0.0%
Net Income	$12,685	$105,074	-0.9%

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
CATHY WARBRICK	Treasurer	2.00	Officer Director	$0	$0	$0
JOE RECTOR	CHIEF	2.00	Officer Director	$0	$0	$0
STEVEN HOLDER	President	2.00	Officer Director	$0	$0	$0
DAVE WISEMAN	Trustee	2.00	Director	$0	$0	$0
COLLEEN KEEGAN	Secretary	2.00	Officer Director	$0	$0	$0
HEATHER VULPONE	Trustee	2.00	Director	$0	$0	$0
DONNA BOVINO	Trustee	0.00	Director	$0	$0	$0
GEORGE SCHMIDT	SECOND LT	2.00	Officer	$0	$0	$0
DOUG LAYDEN	SECOND VP	2.00	Officer	$0	$0	$0
CHERYL BOLAND	1ST VICE PRESID	2.00	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	$177,832	$165,147	$3,711,036	$12,685
2023	$277,336	$172,262	$3,698,351	$105,074
2022	$141,615	$174,779	$3,593,277	$-33,164
2021	$183,474	$156,589	$3,626,441	$26,885
2020	$225,482	$126,802	$3,599,556	$98,680
2019	$119,391	$161,267	$3,500,876	$-41,876
2018	$136,372	$161,519	$3,542,752	$-25,147

MIDLAND PARK AMBULANCE CORP INC