Revenue has shown a declining trend from $157,995 in 2020 to $120,799 in 2023, which could impact long-term sustainability.
The organization's net assets have decreased from $502,820 in 2020 to $422,341 in 2023, suggesting expenses are consistently exceeding revenues.
Strengths
Maintains a strong asset base relative to its revenue, with $422,341 in assets reported in 2023.
Operates with a 100% volunteer leadership, eliminating executive compensation costs.
Consistently reports zero liabilities, indicating strong financial solvency and no debt burden.
AI Transparency Report
Parsippany Volunteer Ambulance Inc is a unknown nonprofit based in Parsippany, New Jersey, with reported revenue of $320K and assets of $591K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. - Financial statements are publicly available through IRS Form 990 filings.
- The organization consistently reports zero liabilities and no compensation to officers, directors, trustees, or key employees.
- Detailed program service accomplishments are briefly described in Form 990, but lack specific metrics. Executive compensation is reported as $0 across all available filings, indicating a fully volunteer-run leadership structure. Revenue has declined -18% across 13 filing periods.