Great Bay Regional Volunteer Emergency Medical Services Inc

Is Great Bay Regional Volunteer Emergency Medical Services Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Great Bay Regional Volunteer Emergency Medical Services Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Great Bay Regional Volunteer Emergency Medical Services Inc

Great Bay Regional Volunteer Emergency Medical Services Inc (EIN: 222647813) is a nonprofit organization based in Tuckerton, NJ, classified under NTEE code E62. The organization reported total revenue of $271K and total assets of $644K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Bay Regional Volunteer Emergency Medical Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Great Bay Regional Volunteer Emergency Medical Services Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.9%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Great Bay Regional Volunteer Emergency Medical Services Inc reported a surplus of $78K with revenue exceeding expenses, holds 35.7 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), Great Bay Regional Volunteer Emergency Medical Services Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Great Bay Regional Volunteer Emergency Medical Services Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 70%
• fundraising: 15%

According to IRS 990 filings, Great Bay Regional Volunteer Emergency Medical Services Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $78K, with revenue exceeding expenses.
• Debt-to-asset ratio: 4.5%.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings.

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.

Red Flags

The following concerns were identified during AI analysis of Great Bay Regional Volunteer Emergency Medical Services Inc's IRS 990 filings:

• Significant revenue volatility, with a jump from $152,491 in 2023 to $340,159 in 2024, warrants further investigation into its source and sustainability.
• Lack of clear, detailed program spending information makes it challenging to fully assess the efficiency of their mission delivery.

Strengths

The following positive indicators were identified for Great Bay Regional Volunteer Emergency Medical Services Inc:

• Consistent asset base over several years, indicating financial stability.
• Provides essential emergency medical services to the Tuckerton, NJ region.

Frequently Asked Questions about Great Bay Regional Volunteer Emergency Medical Services Inc

Filing History

IRS 990 filing history for Great Bay Regional Volunteer Emergency Medical Services Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Great Bay Regional Volunteer Emergency Medical Services Inc's revenue has declined by 9.9%, moving from $377K to $340K. Total assets decreased by 22.1% over the same period, from $1.0M to $780K. Total functional expenses rose by 30.3%, from $201K to $262K. In its most recent filing year (2024), Great Bay Regional Volunteer Emergency Medical Services Inc reported a surplus of $78K, with revenue exceeding expenses. The organization holds $35K in liabilities against $780K in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $745K.

Year-by-Year Financial Summary

• 2024: Revenue of $340K, expenses of $262K, and assets of $780K (revenue +123.1% year-over-year).
• 2023: Revenue of $152K, expenses of $204K, and assets of $661K (revenue +10.6% year-over-year).
• 2022: Revenue of $138K, expenses of $195K, and assets of $703K (revenue -1.0% year-over-year).
• 2021: Revenue of $139K, expenses of $178K, and assets of $820K (revenue -21.5% year-over-year).
• 2020: Revenue of $177K, expenses of $189K, and assets of $857K (revenue -9.7% year-over-year).
• 2019: Revenue of $197K, expenses of $189K, and assets of $864K (revenue +15.7% year-over-year).
• 2018: Revenue of $170K, expenses of $184K, and assets of $819K (revenue -0.5% year-over-year).
• 2017: Revenue of $171K, expenses of $182K, and assets of $846K (revenue -5.6% year-over-year).
• 2016: Revenue of $181K, expenses of $177K, and assets of $874K (revenue +8.0% year-over-year).
• 2015: Revenue of $168K, expenses of $155K, and assets of $890K (revenue -5.4% year-over-year).
• 2014: Revenue of $177K, expenses of $158K, and assets of $929K (revenue +1.8% year-over-year).
• 2013: Revenue of $174K, expenses of $201K, and assets of $946K (revenue -53.9% year-over-year).
• 2012: Revenue of $377K, expenses of $201K, and assets of $1.0M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Great Bay Regional Volunteer Emergency Medical Services Inc:

Data Sources and Methodology

This transparency report for Great Bay Regional Volunteer Emergency Medical Services Inc 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.