Penfield Volunteer Emergency Ambulance Service Inc (EIN 237133070) - 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

1965

Legal Domicile

Principal Officer

Glenn Becker

Phone

5858726060

Tax Period

2024-01-01 to 2024-12-31

Penfield Volunteer Emergency Ambulance Service Inc, founded in 1965, is a community nonprofit in the Health Care sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 15% surplus.

Mission

Provide residents in the area of Penfield, New York with access to emergency medical 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 $413,174

Program Service Revenue $5,033,573

Investment Income $169,569

Other Revenue $14,034

TOTAL REVENUE $5,630,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,008,542

Fundraising Expenses $17,101

Program Expenses $3,694,403

Other Expenses $1,797,450

TOTAL EXPENSES $4,805,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,630,350	$3,232,695	+0.7%
Expenses	$4,805,992	$3,119,667	+0.5%
Net Income	$824,358	$113,028	+6.3%

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

$4,399

Total Directors

$18,499

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christina Alexander	Secretary	8.00	Officer Director	$0	$0	$0
Barbara Sforza	Board Member	3.50	Director	$0	$0	$0
Pat Markovitz	Board Member	3.50	Director	$6,000	$0	$6,000
Tom McCollough	Board Member	3.50	Director	$2,700	$0	$2,700
Glenn Becker	President	8.00	Officer Director	$4,399	$0	$4,399
Richard Jones	Board Member	3.50	Director	$5,400	$0	$5,400
Clancy McMahon	Vice President	8.00	Officer Director	$0	$0	$0
Hugh Franklin	Treasurer	8.00	Officer Director	$0	$0	$0
Alexander Brashich	Board Member	3.50	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	$5,630,350	$4,805,992	$4,886,807	$824,358
2023	$3,232,695	$3,119,667	$4,076,818	$113,028
2022	$2,838,799	$2,678,108	$3,790,698	$160,691
2021	$2,462,923	$2,852,061	$3,822,517	$-389,138
2020	$2,096,050	$2,100,504	$4,357,530	$-4,454
2019	$2,207,026	$2,102,879	$4,289,531	$104,147
2018	$1,928,600	$1,887,258	$3,835,646	$41,342

Penfield Volunteer Emergency Ambulance Service Inc