Parsippany Volunteer Ambulance Inc
Parsippany Volunteer Ambulance: Consistent Operations, Limited Financial Growth
EIN: 222409171 · Parsippany, NJ · Updated: 2026-04-04
About Parsippany Volunteer Ambulance Inc
Parsippany Volunteer Ambulance Inc (EIN: 222409171) is a nonprofit organization based in Parsippany, NJ. The organization reported total revenue of $320K and total assets of $591K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Parsippany Volunteer Ambulance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Parsippany Volunteer Ambulance 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, Parsippany Volunteer Ambulance Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is 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 Parsippany Volunteer Ambulance Inc's IRS 990 filings:
- Revenue has shown a declining trend from $157,995 in 2020 to $120,799 in 2023, which could impact long-term sustainability.
- The organization's net assets have decreased from $502,820 in 2020 to $422,341 in 2023, suggesting expenses are consistently exceeding revenues.
Strengths
The following positive indicators were identified for Parsippany Volunteer Ambulance Inc:
- Maintains a strong asset base relative to its revenue, with $422,341 in assets reported in 2023.
- Operates with a 100% volunteer leadership, eliminating executive compensation costs.
- Consistently reports zero liabilities, indicating strong financial solvency and no debt burden.
Frequently Asked Questions about Parsippany Volunteer Ambulance Inc
What does Parsippany Volunteer Ambulance Inc do?
Parsippany Volunteer Ambulance Inc is a nonprofit organization in the Unknown sector, located in Parsippany, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Parsippany Volunteer Ambulance Inc have?
Parsippany Volunteer Ambulance Inc reported total revenue of $320,034. Based on 13 IRS 990 filings on record.
What are Parsippany Volunteer Ambulance Inc's total assets?
Parsippany Volunteer Ambulance Inc holds total assets of $591,387 as reported in IRS 990 filings.
Where is Parsippany Volunteer Ambulance Inc located?
Parsippany Volunteer Ambulance Inc is based in Parsippany, New Jersey.
What is Parsippany Volunteer Ambulance Inc's EIN?
Parsippany Volunteer Ambulance Inc's Employer Identification Number (EIN) is 222409171. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Parsippany Volunteer Ambulance Inc?
Parsippany Volunteer Ambulance Inc is classified under NTEE code Unknown (Unknown).
Is Parsippany Volunteer Ambulance Inc a registered 501(c)(3)?
Parsippany Volunteer Ambulance Inc appears in IRS records (EIN: 222409171). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Parsippany Volunteer Ambulance Inc file IRS Form 990?
Yes, Parsippany Volunteer Ambulance Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Parsippany Volunteer Ambulance Inc's revenue in 2023?
In the 202312 filing period, Parsippany Volunteer Ambulance Inc reported total revenue of $120,799, total expenses of $174,452, and net assets of $422,341.
Is Parsippany Volunteer Ambulance Inc's revenue growing or declining?
Parsippany Volunteer Ambulance Inc's revenue is declining. Revenue went from $156,009 (202212) to $120,799 (202312), a -22.6% change. Based on 13 filings on record.
What is Parsippany Volunteer Ambulance Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Parsippany Volunteer Ambulance Inc covers tax period 202312. It shows revenue of $120,799, expenses of $174,452, total assets of $422,341, and liabilities of N/A.
How much does Parsippany Volunteer Ambulance Inc spend on programs vs administration?
Based on IRS 990 analysis, Parsippany Volunteer Ambulance Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Parsippany Volunteer Ambulance Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Parsippany Volunteer Ambulance Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Parsippany Volunteer Ambulance Inc?
The following concerns were identified: Revenue has shown a declining trend from $157,995 in 2020 to $120,799 in 2023, which could impact long-term sustainability.. The organization's net assets have decreased from $502,820 in 2020 to $422,341 in 2023, suggesting expenses are consistently exceeding revenues.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Parsippany Volunteer Ambulance Inc's strengths?
Positive indicators for Parsippany Volunteer Ambulance Inc include: Maintains a strong asset base relative to its revenue, with $422,341 in assets reported in 2023.. Operates with a 100% volunteer leadership, eliminating executive compensation costs.. Consistently reports zero liabilities, indicating strong financial solvency and no debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Parsippany Volunteer Ambulance Inc compensate executives?
Executive compensation is 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.
How transparent is Parsippany Volunteer Ambulance Inc?
- Financial statements are publicly available through IRS Form 990 filings. - The organization consistently reports zero liabilities and no compensation to officers, directors, trustees, or key employees. - Detailed program service accomplishments are briefly described in Form 990, but lack specific metrics. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in revenue and net assets, what strategies are in place to ensure the long-term financial viability of Parsippany Volunteer Ambulance Inc?
The provided data does not detail specific strategies for revenue generation or asset growth. The consistent decline suggests a need for new fundraising initiatives or operational adjustments to reverse this trend.
How does the organization sustain its operations and maintain its asset base with declining revenue and no reported compensation for key personnel?
The organization likely relies heavily on volunteer labor for all operational aspects, minimizing personnel costs. The asset base, while declining, is still substantial enough to cover current operational expenses, but this trend is not sustainable indefinitely without new funding.
Filing History
IRS 990 filing history for Parsippany Volunteer Ambulance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Parsippany Volunteer Ambulance Inc's revenue has declined by 18.2%, moving from $148K to $121K. Total assets decreased by 15.1% over the same period, from $497K to $422K. Total functional expenses rose by 20%, from $145K to $174K. In its most recent filing year (2023), Parsippany Volunteer Ambulance Inc reported a deficit of $54K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $121K | $174K | $422K | $0 | — | — |
| 2022 | $156K | $160K | $475K | $0 | — | View 990 |
| 2021 | $134K | $127K | $503K | $0 | — | View 990 |
| 2020 | $158K | $140K | $503K | $0 | — | View 990 |
| 2019 | $133K | $133K | $480K | $0 | — | View 990 |
| 2018 | $136K | $127K | $472K | $0 | — | View 990 |
| 2017 | $151K | $151K | $465K | $0 | — | — |
| 2016 | $120K | $133K | $466K | $0 | — | View 990 |
| 2015 | $138K | $144K | $483K | $0 | — | View 990 |
| 2014 | $141K | $191K | $491K | $0 | — | View 990 |
| 2013 | $147K | $130K | $538K | $0 | — | View 990 |
| 2012 | $161K | $129K | $529K | $0 | — | View 990 |
| 2011 | $148K | $145K | $497K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $121K, expenses of $174K, and assets of $422K (revenue -22.6% year-over-year).
- 2022: Revenue of $156K, expenses of $160K, and assets of $475K (revenue +16.8% year-over-year).
- 2021: Revenue of $134K, expenses of $127K, and assets of $503K (revenue -15.5% year-over-year).
- 2020: Revenue of $158K, expenses of $140K, and assets of $503K (revenue +18.6% year-over-year).
- 2019: Revenue of $133K, expenses of $133K, and assets of $480K (revenue -2.3% year-over-year).
- 2018: Revenue of $136K, expenses of $127K, and assets of $472K (revenue -9.5% year-over-year).
- 2017: Revenue of $151K, expenses of $151K, and assets of $465K (revenue +26.1% year-over-year).
- 2016: Revenue of $120K, expenses of $133K, and assets of $466K (revenue -13.2% year-over-year).
- 2015: Revenue of $138K, expenses of $144K, and assets of $483K (revenue -2.4% year-over-year).
- 2014: Revenue of $141K, expenses of $191K, and assets of $491K (revenue -4.1% year-over-year).
- 2013: Revenue of $147K, expenses of $130K, and assets of $538K (revenue -8.8% year-over-year).
- 2012: Revenue of $161K, expenses of $129K, and assets of $529K (revenue +9.1% year-over-year).
- 2011: Revenue of $148K, expenses of $145K, and assets of $497K.
Data Sources and Methodology
This transparency report for Parsippany Volunteer Ambulance 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.