Is Northern Onondaga Volunteer Ambulance Inc Legit?

Quick charity verification for Northern Onondaga Volunteer Ambulance Inc (EIN: 161470051)

Verdict: Northern Onondaga Volunteer Ambulance Inc appears trustworthy

90/100Mission Score
$4.5MRevenue
$7.4MAssets
0Red Flags
5Strengths

No red flags identified.

Strengths

AI Transparency Report

Northern Onondaga Volunteer Ambulance Inc (NOVA) demonstrates consistent financial health and operational stability over the past decade. The organization consistently generates a surplus, with revenue exceeding expenses in all reported periods. For instance, in the latest 202306 period, NOVA reported revenues of $4,455,654 against expenses of $4,242,860, indicating a healthy operating margin. Assets have also shown steady growth, reaching $7,146,637 in 202306, up from $3,361,474 in 201406, suggesting prudent financial management and investment in its mission. NOVA's spending efficiency appears strong, particularly given its NTEE code (E62I - Ambulance & Emergency Medical Services), which often involves significant operational costs. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the consistent surplus generation and asset growth imply effective resource allocation. The absence of reported officer compensation is a notable positive for transparency and public trust, indicating that leadership is either volunteer-based or compensated through other means not categorized as officer compensation. Overall, NOVA presents as a financially sound and well-managed organization. Its consistent growth in assets and revenue, coupled with a history of operating surpluses, suggests a sustainable model for providing emergency medical services. The lack of reported officer compensation further enhances its transparency profile, making it appear highly dedicated to its mission.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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