Economy Volunteer Ambulance Service Inc (EIN 251639162) - 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

1989

Legal Domicile

Principal Officer

Kevin Joy

Tax Period

2023-01-01 to 2023-12-31

Economy Volunteer Ambulance Service Inc, founded in 1989, is a community nonprofit in the Public Safety sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $1.6M left a modest 11% surplus.

Mission

Provides emergency medical services to the community by providing transportation services for the sick and injured.

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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 $11,050

Program Service Revenue $1,768,310

Investment Income $7,276

Other Revenue $2,013

TOTAL REVENUE $1,788,649

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,185,159

Fundraising Expenses $0

Program Expenses $1,430,298

Other Expenses $404,059

TOTAL EXPENSES $1,589,218

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,788,649	$1,282,007	+0.4%
Expenses	$1,589,218	$1,254,913	+0.3%
Net Income	$199,431	$27,094	+6.4%

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

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

$52,355

Total Directors

$139,424

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Daniel	Board Member	10.00	Director	$41,125	$0	$41,125
Michael Guraly	Board Member	10.00	Director	$40,834	$0	$40,834
Kevin Joy	Treasurer	15.00	Officer Director	$24,495	$0	$24,495
Randall Dawson	President	15.00	Officer Director	$22,441	$0	$22,441
David Farah	Board Member	10.00	Director	$3,900	$0	$3,900
Robert Szymoniak Jr	Vice President	15.00	Officer Director	$3,559	$0	$3,559
Matthew Loftus	Secretary	15.00	Officer Director	$1,860	$0	$1,860
Christian Shallcross	Board Member	10.00	Director	$1,210	$0	$1,210
Eric Brewer	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	No data	No data	No data	No data
2023	$1,788,649	$1,589,218	$1,251,203	$199,431
2022	$1,282,007	$1,254,913	$935,826	$27,094
2021	$1,133,172	$1,039,123	$817,684	$94,049
2020	$1,018,030	$912,910	$732,713	$105,120
2019	$854,588	$858,030	$626,576	$-3,442

Economy Volunteer Ambulance Service Inc