Mastic Volunteer Ambulance Company Inc
Mastic Volunteer Ambulance Company Inc shows consistent revenue growth and asset accumulation, with no reported officer compensation.
EIN: 113474702 · Mastic, NY · NTEE: E62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $2.2M |
| Program Spending | 85% |
| Net Assets | $2.8M |
| Transparency Score | 85/100 |
Is Mastic Volunteer Ambulance Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mastic Volunteer Ambulance Company Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mastic Volunteer Ambulance Company Inc
Mastic Volunteer Ambulance Company Inc (EIN: 113474702) is a nonprofit organization based in Mastic, NY, classified under NTEE code E62. The organization reported total revenue of $2.6M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mastic Volunteer Ambulance Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mastic Volunteer Ambulance Company Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$233K |
| Total Assets | $4.2M |
| Total Liabilities | $1.4M |
| Net Assets | $2.8M |
| Operating Margin | 9.7% |
| Debt-to-Asset Ratio | 32.8% |
| Months of Reserves | 23.0 months |
Financial Health Grade: A
In 2023, Mastic Volunteer Ambulance Company Inc reported a surplus of $233K with revenue exceeding expenses, holds 23.0 months of operating reserves (strong position), has a debt-to-asset ratio of 32.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mastic Volunteer Ambulance Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.8% | +19.0% | +31.4% |
| 2022 | +14.4% | +12.1% | +25.2% |
| 2021 | -1.6% | +0.8% | -4.8% |
| 2020 | +10.2% | +19.8% | +7.4% |
| 2019 | +1.0% | +10.5% | +3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Mastic Volunteer Ambulance Company Inc with a Mission Score of 85 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, Mastic Volunteer Ambulance Company Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $233K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is a strong positive, suggesting that all funds are directed towards operational expenses and mission-related activities rather than executive salaries.
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 Mastic Volunteer Ambulance Company Inc's IRS 990 filings:
- Significant increase in liabilities from $89,673 in 2019 to $1,367,042 in 2023, requiring further scrutiny.
Strengths
The following positive indicators were identified for Mastic Volunteer Ambulance Company Inc:
- Consistent revenue growth over the past decade, from $1,354,031 in 2014 to $2,409,732 in 2023.
- Strong asset growth, increasing from $2,373,270 in 2014 to $4,169,623 in 2023.
- 0% officer compensation reported across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Positive net income in several recent years, including a surplus of $232,614 in 2023 ($2,409,732 revenue - $2,177,118 expenses).
Frequently Asked Questions about Mastic Volunteer Ambulance Company Inc
Is Mastic Volunteer Ambulance Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mastic Volunteer Ambulance Company Inc (EIN: 113474702) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Mastic Volunteer Ambulance Company Inc spend its money?
Mastic Volunteer Ambulance Company Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mastic Volunteer Ambulance Company Inc tax-deductible?
Mastic Volunteer Ambulance Company Inc is registered as a tax-exempt nonprofit (EIN: 113474702). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mastic Volunteer Ambulance Company Inc's spending goes to programs?
Mastic Volunteer Ambulance Company Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mastic Volunteer Ambulance Company Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Mastic Volunteer Ambulance Company Inc 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 Mastic Volunteer Ambulance Company Inc located?
Mastic Volunteer Ambulance Company Inc is headquartered in Mastic, New York and files with the IRS under EIN 113474702. It is classified under NTEE code E62.
How many years of IRS 990 filings does Mastic Volunteer Ambulance Company Inc have?
Mastic Volunteer Ambulance Company Inc has 13 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 $2.6M in total revenue.
Is Mastic Volunteer Ambulance Company Inc a good charity?
Based on the provided data, Mastic Volunteer Ambulance Company Inc appears to be a well-managed organization with consistent revenue, growing assets, and no reported officer compensation. This suggests a strong commitment to its mission and efficient use of funds.
Why have liabilities increased significantly in recent years?
Liabilities have increased from $89,673 in 2019 to $1,367,042 in 2023. This significant jump warrants further investigation into the nature of these liabilities, such as new debt for equipment, facilities, or other operational expansions.
What is the primary source of the organization's revenue?
While not explicitly detailed in the provided summary, for an ambulance company (NTEE E62), primary revenue sources typically include service fees, government contracts, and potentially community donations or grants.
How does the organization manage its operational expenses given the volunteer leadership?
The 0% officer compensation indicates a volunteer leadership model. Operational expenses would primarily cover personnel (non-officer staff), equipment maintenance, fuel, medical supplies, and facility costs, which are essential for an ambulance service.
Filing History
IRS 990 filing history for Mastic Volunteer Ambulance Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mastic Volunteer Ambulance Company Inc's revenue has grown by 77.4%, moving from $1.4M to $2.4M. Total assets increased by 68.1% over the same period, from $2.5M to $4.2M. Total functional expenses rose by 66.1%, from $1.3M to $2.2M. In its most recent filing year (2023), Mastic Volunteer Ambulance Company Inc reported a surplus of $233K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $4.2M in assets (debt-to-asset ratio: 32.8%), resulting in net assets of $2.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.2M | $4.2M | $1.4M | — | — |
| 2022 | $1.8M | $1.8M | $3.2M | $801K | — | View 990 |
| 2021 | $1.6M | $1.6M | $2.5M | $247K | — | View 990 |
| 2020 | $1.6M | $1.6M | $2.7M | $157K | — | — |
| 2019 | $1.5M | $1.4M | $2.5M | $90K | — | View 990 |
| 2018 | $1.5M | $1.2M | $2.4M | $117K | — | View 990 |
| 2017 | $1.7M | $1.7M | $2.5M | $143K | — | View 990 |
| 2016 | $1.4M | $1.4M | $2.5M | $36K | — | View 990 |
| 2015 | $1.4M | $1.7M | $2.4M | $31K | — | View 990 |
| 2014 | $1.4M | $1.3M | $2.4M | $63K | — | View 990 |
| 2013 | $1.4M | $1.6M | $2.3M | $0 | — | View 990 |
| 2012 | $1.4M | $1.4M | $2.5M | $0 | — | View 990 |
| 2011 | $1.4M | $1.3M | $2.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.2M, and assets of $4.2M (revenue +31.8% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.8M, and assets of $3.2M (revenue +14.4% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $2.5M (revenue -1.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $2.7M (revenue +10.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.4M, and assets of $2.5M (revenue +1.0% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.2M, and assets of $2.4M (revenue -14.3% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.7M, and assets of $2.5M (revenue +24.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $2.5M (revenue -0.9% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.7M, and assets of $2.4M (revenue +2.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $2.4M (revenue -2.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.6M, and assets of $2.3M (revenue +0.4% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $2.5M (revenue +1.4% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mastic Volunteer Ambulance Company Inc:
Data Sources and Methodology
This transparency report for Mastic Volunteer Ambulance Company 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.