Hoboken Volunteer Ambulance Corp
Hoboken Volunteer Ambulance Corp: Sustained Operations Amidst Financial Fluctuations
EIN: 221997188 · Hoboken, NJ · NTEE: E62 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $556K |
| Total Expenses | $315K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $394K |
| Transparency Score | 75/100 |
Is Hoboken Volunteer Ambulance Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoboken Volunteer Ambulance Corp directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Hoboken Volunteer Ambulance Corp
Hoboken Volunteer Ambulance Corp (EIN: 221997188) is a nonprofit organization based in Hoboken, NJ, classified under NTEE code E62. The organization reported total revenue of $556K and total assets of $643K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoboken Volunteer Ambulance Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoboken Volunteer Ambulance Corp is a small nonprofit that has been operating for 13 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $468K |
| Total Expenses | $315K |
| Surplus / Deficit | +$153K |
| Total Assets | $470K |
| Total Liabilities | $76K |
| Net Assets | $394K |
| Operating Margin | 32.7% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Hoboken Volunteer Ambulance Corp reported a surplus of $153K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Hoboken Volunteer Ambulance Corp's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | -29.9% | +19.8% |
| 2022 | +44.3% | +15.8% | +35.5% |
| 2021 | -24.5% | -8.8% | -15.3% |
| 2020 | +14.8% | +3.1% | +59.2% |
| 2019 | +192.9% | +64.0% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
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 Hoboken Volunteer Ambulance Corp 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, Hoboken Volunteer Ambulance Corp allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $153K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating a fully volunteer-run leadership structure.
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 Hoboken Volunteer Ambulance Corp's IRS 990 filings:
- Significant year-over-year fluctuations in total expenses (e.g., $232,287 in 2016 vs. $448,971 in 2022) without clear explanations in provided data.
- Negative net assets in multiple years (e.g., 2015, 2016, 2017, 2019) suggest potential long-term financial instability or reliance on external support.
- The organization's assets have shown a declining trend from $400,613 in 2015 to $214,761 in 2019, before recovering to $470,241 in 2023, indicating periods of asset depletion.
Strengths
The following positive indicators were identified for Hoboken Volunteer Ambulance Corp:
- Consistent reporting of $0 for executive compensation demonstrates a strong commitment to volunteerism and directs all funds towards mission-related activities.
- The organization has maintained operations for many years despite financial fluctuations, indicating resilience and community support.
- Recent financial data (2023) shows a positive net asset position and increased revenue ($467,925), suggesting a potential turnaround or improved financial health.
Frequently Asked Questions about Hoboken Volunteer Ambulance Corp
Is Hoboken Volunteer Ambulance Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoboken Volunteer Ambulance Corp (EIN: 221997188) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Hoboken Volunteer Ambulance Corp spend its money?
Hoboken Volunteer Ambulance Corp directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hoboken Volunteer Ambulance Corp tax-deductible?
Hoboken Volunteer Ambulance Corp is registered as a tax-exempt nonprofit (EIN: 221997188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hoboken Volunteer Ambulance Corp CEO make?
Hoboken Volunteer Ambulance Corp's highest-compensated officer earns $0 annually. The organization reported $556K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hoboken Volunteer Ambulance Corp's spending goes to programs?
Hoboken Volunteer Ambulance Corp directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Hoboken Volunteer Ambulance Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), Hoboken Volunteer Ambulance Corp is above average for NTEE category E62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hoboken Volunteer Ambulance Corp located?
Hoboken Volunteer Ambulance Corp is headquartered in Hoboken, New Jersey and files with the IRS under EIN 221997188. It is classified under NTEE code E62.
How many years of IRS 990 filings does Hoboken Volunteer Ambulance Corp have?
Hoboken Volunteer Ambulance Corp has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $556K in total revenue.
What does Hoboken Volunteer Ambulance Corp do?
Hoboken Volunteer Ambulance Corp is a nonprofit organization in the Health Care sector, located in Hoboken, New Jersey. It is classified under NTEE code E62.
How much revenue does Hoboken Volunteer Ambulance Corp have?
Hoboken Volunteer Ambulance Corp reported total revenue of $555,827. Based on 12 IRS 990 filings on record.
What are Hoboken Volunteer Ambulance Corp's total assets?
Hoboken Volunteer Ambulance Corp holds total assets of $642,705 as reported in IRS 990 filings.
Where is Hoboken Volunteer Ambulance Corp located?
Hoboken Volunteer Ambulance Corp is based in Hoboken, New Jersey.
What is Hoboken Volunteer Ambulance Corp's EIN?
Hoboken Volunteer Ambulance Corp's Employer Identification Number (EIN) is 221997188. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hoboken Volunteer Ambulance Corp?
Hoboken Volunteer Ambulance Corp is classified under NTEE code E62 (Health Care).
Is Hoboken Volunteer Ambulance Corp a registered 501(c)(3)?
Yes, Hoboken Volunteer Ambulance Corp is recognized as a tax-exempt organization by the IRS. EIN: 221997188.
Does Hoboken Volunteer Ambulance Corp file IRS Form 990?
Yes, Hoboken Volunteer Ambulance Corp has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Hoboken Volunteer Ambulance Corp's revenue in 2023?
In the 202306 filing period, Hoboken Volunteer Ambulance Corp reported total revenue of $467,925, total expenses of $314,750, and net assets of $470,241.
Is Hoboken Volunteer Ambulance Corp's revenue growing or declining?
Hoboken Volunteer Ambulance Corp's revenue is declining. Revenue went from $501,064 (202206) to $467,925 (202306), a -6.6% change. Based on 12 filings on record.
What is Hoboken Volunteer Ambulance Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Hoboken Volunteer Ambulance Corp covers tax period 202306. It shows revenue of $467,925, expenses of $314,750, total assets of $470,241, and liabilities of $76,404.
How much does Hoboken Volunteer Ambulance Corp spend on programs vs administration?
Based on IRS 990 analysis, Hoboken Volunteer Ambulance Corp allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Hoboken Volunteer Ambulance Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Hoboken Volunteer Ambulance Corp appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Hoboken Volunteer Ambulance Corp?
The following concerns were identified: Significant year-over-year fluctuations in total expenses (e.g., $232,287 in 2016 vs. $448,971 in 2022) without clear explanations in provided data.. Negative net assets in multiple years (e.g., 2015, 2016, 2017, 2019) suggest potential long-term financial instability or reliance on external support.. The organization's assets have shown a declining trend from $400,613 in 2015 to $214,761 in 2019, before recovering to $470,241 in 2023, indicating periods of asset depletion.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hoboken Volunteer Ambulance Corp's strengths?
Positive indicators for Hoboken Volunteer Ambulance Corp include: Consistent reporting of $0 for executive compensation demonstrates a strong commitment to volunteerism and directs all funds towards mission-related activities.. The organization has maintained operations for many years despite financial fluctuations, indicating resilience and community support.. Recent financial data (2023) shows a positive net asset position and increased revenue ($467,925), suggesting a potential turnaround or improved financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Hoboken Volunteer Ambulance Corp compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating a fully volunteer-run leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does the organization manage to attract and retain skilled leadership and operational staff to ensure effective service delivery?
The organization likely relies heavily on dedicated community volunteers and potentially leverages pro-bono services or grants to cover specialized operational needs, fostering a strong sense of community ownership and mission alignment among its members.
What specific factors contributed to the significant increase in total expenses from $232,287 in 2016 to $448,971 in 2022, and how were these expenses funded given the fluctuating revenue?
Without detailed expense breakdowns, it's difficult to pinpoint exact causes. Potential factors could include increased service demand, expansion of programs, or significant one-time capital expenditures. Funding likely came from a combination of increased donations, grants, or drawing down on accumulated assets during periods of lower revenue.
Filing History
IRS 990 filing history for Hoboken Volunteer Ambulance Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Hoboken Volunteer Ambulance Corp's revenue has grown by 321.9%, moving from $111K to $468K. Total assets increased by 214% over the same period, from $150K to $470K. Total functional expenses rose by 133.9%, from $135K to $315K. In its most recent filing year (2023), Hoboken Volunteer Ambulance Corp reported a surplus of $153K, with revenue exceeding expenses. The organization holds $76K in liabilities against $470K in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $394K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $468K | $315K | $470K | $76K | — | View 990 |
| 2022 | $501K | $449K | $392K | $150K | — | View 990 |
| 2021 | $347K | $388K | $290K | $100K | — | View 990 |
| 2020 | $460K | $425K | $342K | $106K | — | View 990 |
| 2019 | $401K | $412K | $215K | $14K | — | View 990 |
| 2017 | $137K | $251K | $181K | $49K | — | View 990 |
| 2016 | $103K | $232K | $282K | $36K | — | View 990 |
| 2015 | $104K | $245K | $401K | $25K | — | View 990 |
| 2014 | $159K | $239K | $550K | $33K | — | View 990 |
| 2013 | $712K | $226K | $520K | $355 | — | View 990 |
| 2012 | $128K | $161K | $108K | $74K | — | View 990 |
| 2011 | $111K | $135K | $150K | $82K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $468K, expenses of $315K, and assets of $470K (revenue -6.6% year-over-year).
- 2022: Revenue of $501K, expenses of $449K, and assets of $392K (revenue +44.3% year-over-year).
- 2021: Revenue of $347K, expenses of $388K, and assets of $290K (revenue -24.5% year-over-year).
- 2020: Revenue of $460K, expenses of $425K, and assets of $342K (revenue +14.8% year-over-year).
- 2019: Revenue of $401K, expenses of $412K, and assets of $215K (revenue +192.9% year-over-year).
- 2017: Revenue of $137K, expenses of $251K, and assets of $181K (revenue +32.9% year-over-year).
- 2016: Revenue of $103K, expenses of $232K, and assets of $282K (revenue -0.7% year-over-year).
- 2015: Revenue of $104K, expenses of $245K, and assets of $401K (revenue -34.8% year-over-year).
- 2014: Revenue of $159K, expenses of $239K, and assets of $550K (revenue -77.7% year-over-year).
- 2013: Revenue of $712K, expenses of $226K, and assets of $520K (revenue +457.6% year-over-year).
- 2012: Revenue of $128K, expenses of $161K, and assets of $108K (revenue +15.1% year-over-year).
- 2011: Revenue of $111K, expenses of $135K, and assets of $150K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoboken Volunteer Ambulance Corp:
Data Sources and Methodology
This transparency report for Hoboken Volunteer Ambulance Corp 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.