AI Transparency Report
Peninsula Ambulance Corps demonstrates consistent financial growth and stability over the past decade, with revenue increasing from $772,033 in 2014 to $1,422,620 in 2023. The organization generally operates with expenses closely aligned to or slightly exceeding revenue in some years, such as 2023 where expenses were $1,439,702 against $1,422,620 in revenue, indicating a tight operational margin. However, its asset base has grown significantly, from $1,219,130 in 2014 to $1,093,297 in 2023 (with a peak in earlier years), suggesting a solid financial foundation. The organization's liabilities remain relatively low, consistently below 10% of assets, which is a positive indicator of financial health.
The absence of reported officer compensation across all available filings is a significant positive for transparency and efficiency, suggesting that leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, or that compensation is very low. This practice contributes to a higher proportion of funds potentially being directed towards program services. The consistent filing of IRS 990 forms over 13 periods also indicates a commitment to regulatory compliance and transparency.