Exchange Ambulance Corporation Of The Islips

Exchange Ambulance Corporation Of The Islips shows consistent revenue growth and healthy financial surpluses over the past decade with no reported officer compensation.

EIN: 112567320 · East Islip, NY · NTEE: E62Z · Updated: 2026-03-28

$4.2MRevenue

$3.1MAssets

90/100Mission Score (Excellent)

E62Z

About Exchange Ambulance Corporation Of The Islips

Exchange Ambulance Corporation Of The Islips (EIN: 112567320) is a nonprofit organization based in East Islip, NY, classified under NTEE code E62Z. The organization reported total revenue of $4.2M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Exchange Ambulance Corporation Of The Islips's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Exchange Ambulance Corporation Of The Islips demonstrates a strong and consistent financial growth trajectory over the past decade, with revenue increasing from $1,070,874 in 2014 to $2,836,549 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenues of $2,836,549 exceeded expenses of $2,598,812, indicating sound financial management. Their asset base has also grown significantly, from $714,902 in 2014 to $2,830,729 in 2023, suggesting reinvestment in their operational capacity. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership structure, which is a positive sign for donor confidence and efficient use of funds.

The organization's spending efficiency appears robust, with expenses generally well-managed relative to revenue. While specific program spending percentages are not detailed in the provided data, the consistent surpluses and growth in assets suggest that the majority of funds are likely directed towards their mission. The low liability-to-asset ratio, such as $687,001 in liabilities against $2,830,729 in assets in 2023, indicates a healthy balance sheet and low financial risk. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to regulatory compliance and transparency.

Overall, Exchange Ambulance Corporation Of The Islips appears to be a financially healthy and well-managed nonprofit. Their sustained growth, prudent financial management resulting in consistent surpluses, and the absence of executive compensation contribute to a positive assessment of their financial health and operational efficiency. The increasing asset base further strengthens their long-term sustainability and capacity to serve the community.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Exchange Ambulance Corporation Of The Islips with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Exchange Ambulance Corporation Of The Islips allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led executive structure, which is highly commendable for a nonprofit of its size with revenues reaching $2.8 million in 2023.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Strengths

The following positive indicators were identified for Exchange Ambulance Corporation Of The Islips:

Consistent revenue growth, increasing from $1,070,874 in 2014 to $2,836,549 in 2023.
Healthy financial surpluses, such as $237,737 in 2023, indicating sound financial management.
Significant growth in assets, from $714,902 in 2014 to $2,830,729 in 2023, enhancing long-term capacity.
No reported officer compensation across all filings, demonstrating a volunteer-led and highly efficient leadership structure.
Low liability-to-asset ratio, indicating a strong balance sheet and low financial risk.

Frequently Asked Questions about Exchange Ambulance Corporation Of The Islips

Is Exchange Ambulance Corporation Of The Islips financially stable?

Yes, the organization demonstrates strong financial stability with consistent revenue growth from $1,070,874 in 2014 to $2,836,549 in 2023, and consistent surpluses, such as $237,737 in 2023 ($2,836,549 revenue - $2,598,812 expenses).

How has the organization's asset base changed over time?

The organization's assets have grown significantly, from $714,902 in 2014 to $2,830,729 in 2023, indicating strong financial health and capacity building.

Does the organization pay its officers?

No, the IRS 990 filings consistently report 0% officer compensation across all periods, suggesting a volunteer-driven leadership.

What is the trend in the organization's revenue and expenses?

Both revenue and expenses have shown a strong upward trend. Revenue increased from $1,070,874 in 2014 to $2,836,549 in 2023, while expenses increased from $1,094,299 to $2,598,812 over the same period, with revenue consistently exceeding expenses in recent years.

Filing History

IRS 990 filing history for Exchange Ambulance Corporation Of The Islips showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Exchange Ambulance Corporation Of The Islips's revenue has grown by 190%, moving from $978K to $2.8M. Total assets increased by 336.5% over the same period, from $649K to $2.8M. Total functional expenses rose by 152.9%, from $1.0M to $2.6M. In its most recent filing year (2023), Exchange Ambulance Corporation Of The Islips reported a surplus of $238K, with revenue exceeding expenses. The organization holds $687K in liabilities against $2.8M in assets (debt-to-asset ratio: 24.3%), resulting in net assets of $2.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.8M	$2.6M	$2.8M	$687K	—	—
2022	$2.6M	$2.1M	$2.3M	$353K	—	View 990
2021	$2.3M	$1.7M	$1.7M	$319K	—	—
2020	$1.7M	$1.3M	$1.2M	$497K	—	View 990
2019	$1.2M	$1.2M	$906K	$544K	—	View 990
2018	$834K	$1.2M	$889K	$534K	—	View 990
2017	$1.5M	$1.1M	$1.4M	$650K	—	View 990
2016	$1.1M	$1.1M	$679K	$304K	—	View 990
2015	$1.1M	$1.1M	$586K	$235K	—	View 990
2014	$1.1M	$1.1M	$715K	$339K	—	View 990
2013	$1.0M	$1.0M	$738K	$339K	—	View 990
2012	$1.0M	$1.0M	$595K	$202K	—	View 990
2011	$978K	$1.0M	$649K	$235K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.8M, expenses of $2.6M, and assets of $2.8M (revenue +10.0% year-over-year).
2022: Revenue of $2.6M, expenses of $2.1M, and assets of $2.3M (revenue +11.2% year-over-year).
2021: Revenue of $2.3M, expenses of $1.7M, and assets of $1.7M (revenue +38.2% year-over-year).
2020: Revenue of $1.7M, expenses of $1.3M, and assets of $1.2M (revenue +37.8% year-over-year).
2019: Revenue of $1.2M, expenses of $1.2M, and assets of $906K (revenue +45.9% year-over-year).
2018: Revenue of $834K, expenses of $1.2M, and assets of $889K (revenue -42.7% year-over-year).
2017: Revenue of $1.5M, expenses of $1.1M, and assets of $1.4M (revenue +27.0% year-over-year).
2016: Revenue of $1.1M, expenses of $1.1M, and assets of $679K (revenue +2.6% year-over-year).
2015: Revenue of $1.1M, expenses of $1.1M, and assets of $586K (revenue +4.4% year-over-year).
2014: Revenue of $1.1M, expenses of $1.1M, and assets of $715K (revenue +4.4% year-over-year).
2013: Revenue of $1.0M, expenses of $1.0M, and assets of $738K (revenue +2.5% year-over-year).
2012: Revenue of $1.0M, expenses of $1.0M, and assets of $595K (revenue +2.3% year-over-year).
2011: Revenue of $978K, expenses of $1.0M, and assets of $649K.

Data Sources and Methodology

This transparency report for Exchange Ambulance Corporation Of The Islips is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

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