NORTH SALEM VOLUNTEER AMBULANCE COR (EIN 237218911) - 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

1973

Legal Domicile

Principal Officer

KURT GULDAN

Phone

9142774944

Tax Period

2024-01-01 to 2024-12-31

NORTH SALEM VOLUNTEER AMBULANCE COR, founded in 1973, is a small nonprofit in the Health Care sector that reported $806K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $762K left a modest 5% surplus.

Mission

THE NORTH SALEM VOLUNTEER CORPORATION (NSVAC) IS A RESCUE AND LIFE SAVINGS ORGANIZATION WHICH PROVIDES MEDICAL ASSISTANCE & COMMUNITY EDUCATIONAL PROGRAMS TO THE RESIDENCES OF THE NORTH SALEM & CARMEL, NY AREA.

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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 $805,894

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $805,894

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $737,261

Other Expenses $762,020

TOTAL EXPENSES $762,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$805,894	$1,053,411	-0.2%
Expenses	$762,020	$992,398	-0.2%
Net Income	$43,874	$61,013	-0.3%

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

N/A

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
KURT GULDAN	PRESIDENT	N/A	Officer	$0	$0	$0
KATE LANNING	VICE PRESIDE	N/A	Officer	$0	$0	$0
KAY PETROFF	SECRETARY	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
2024	$805,894	$762,020	$732,046	$43,874
2023	$1,053,411	$992,398	$763,522	$61,013
2022	$482,241	$441,459	$784,420	$40,782
2021	$592,916	$568,409	$808,153	$24,507
2020	$428,103	$504,076	$853,946	$-75,973

NORTH SALEM VOLUNTEER AMBULANCE COR