Riverhead Volunteer Ambulance Corps Inc
Riverhead Volunteer Ambulance Corps Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 113396823 · Riverhead, NY · NTEE: E62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Riverhead Volunteer Ambulance Corps Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Riverhead Volunteer Ambulance Corps Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Riverhead Volunteer Ambulance Corps Inc
Riverhead Volunteer Ambulance Corps Inc (EIN: 113396823) is a nonprofit organization based in Riverhead, NY, classified under NTEE code E62. The organization reported total revenue of $2.2M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Riverhead Volunteer Ambulance Corps Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Riverhead Volunteer Ambulance Corps Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$65K |
| Total Assets | $1.8M |
| Total Liabilities | $26K |
| Net Assets | $1.8M |
| Operating Margin | 4.0% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 13.7 months |
Financial Health Grade: A
In 2023, Riverhead Volunteer Ambulance Corps Inc reported a surplus of $65K with revenue exceeding expenses, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Riverhead Volunteer Ambulance Corps Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.7% | +6.8% | +3.8% |
| 2022 | +10.8% | +16.5% | +5.2% |
| 2021 | +8.4% | +2.9% | +8.5% |
| 2020 | +2.9% | -0.8% | +2.2% |
| 2019 | +4.3% | +13.1% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Riverhead Volunteer Ambulance Corps Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Riverhead Volunteer Ambulance Corps Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $65K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, indicating a volunteer-led executive structure, which is highly efficient for an organization of its size with revenues exceeding $1.6 million.
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 Riverhead Volunteer Ambulance Corps Inc:
- Consistent revenue growth, from $833,922 in 2014 to $1,627,206 in 2023.
- Strong asset accumulation, reaching $1,784,016 in 2023.
- No reported officer compensation, indicating a volunteer-led and highly efficient executive structure.
- Low liabilities relative to assets, suggesting strong financial stability and minimal risk.
- Consistent operating surpluses in most years, demonstrating sound financial management.
Frequently Asked Questions about Riverhead Volunteer Ambulance Corps Inc
Is Riverhead Volunteer Ambulance Corps Inc a legitimate charity?
Riverhead Volunteer Ambulance Corps Inc (EIN: 113396823) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.2M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Riverhead Volunteer Ambulance Corps Inc spend its money?
Riverhead Volunteer Ambulance Corps Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Riverhead Volunteer Ambulance Corps Inc tax-deductible?
Riverhead Volunteer Ambulance Corps Inc is registered as a tax-exempt nonprofit (EIN: 113396823). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Riverhead Volunteer Ambulance Corps Inc CEO make?
Riverhead Volunteer Ambulance Corps Inc's highest-compensated officer earns $1.6 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Riverhead Volunteer Ambulance Corps Inc's spending goes to programs?
Riverhead Volunteer Ambulance Corps Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Riverhead Volunteer Ambulance Corps Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Riverhead Volunteer Ambulance Corps 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 Riverhead Volunteer Ambulance Corps Inc located?
Riverhead Volunteer Ambulance Corps Inc is headquartered in Riverhead, New York and files with the IRS under EIN 113396823. It is classified under NTEE code E62.
How many years of IRS 990 filings does Riverhead Volunteer Ambulance Corps Inc have?
Riverhead Volunteer Ambulance Corps 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 $2.2M in total revenue.
Is Riverhead Volunteer Ambulance Corps Inc a good charity?
Based on its consistent financial growth, low liabilities, and absence of reported officer compensation, Riverhead Volunteer Ambulance Corps Inc appears to be a very good charity, effectively managing its resources to provide essential ambulance services.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade, with revenue nearly doubling from $833,922 in 2014 to $1,627,206 in 2023, and assets growing from $1,213,481 to $1,784,016 in the same period, indicating strong and stable growth.
What is the significance of 0% officer compensation?
The 0% officer compensation across all filings is highly significant, suggesting that the organization's leadership is entirely volunteer-based, which can lead to more funds being directed towards program services and indicates a strong commitment to its mission.
Filing History
IRS 990 filing history for Riverhead Volunteer Ambulance Corps Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Riverhead Volunteer Ambulance Corps Inc's revenue has grown by 80.2%, moving from $903K to $1.6M. Total assets increased by 95% over the same period, from $915K to $1.8M. Total functional expenses rose by 112.2%, from $736K to $1.6M. In its most recent filing year (2023), Riverhead Volunteer Ambulance Corps Inc reported a surplus of $65K, with revenue exceeding expenses. The organization holds $26K in liabilities against $1.8M in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $1.8M | $26K | — | — |
| 2022 | $1.5M | $1.5M | $1.7M | $39K | — | View 990 |
| 2021 | $1.4M | $1.3M | $1.6M | $32K | — | View 990 |
| 2020 | $1.3M | $1.2M | $1.5M | $37K | — | View 990 |
| 2019 | $1.2M | $1.2M | $1.5M | $66K | — | View 990 |
| 2018 | $1.2M | $1.1M | $1.4M | $43K | — | View 990 |
| 2017 | $1.2M | $1.1M | $1.4M | $66K | — | View 990 |
| 2016 | $1.1M | $1.0M | $1.3M | $31K | — | View 990 |
| 2015 | $917K | $966K | $1.2M | $19K | — | View 990 |
| 2014 | $834K | $843K | $1.2M | $24K | — | View 990 |
| 2013 | $893K | $783K | $1.2M | $18K | — | View 990 |
| 2012 | $878K | $776K | $1.1M | $29K | — | View 990 |
| 2011 | $903K | $736K | $915K | $28K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.8M (revenue +5.7% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.7M (revenue +10.8% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $1.6M (revenue +8.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $1.5M (revenue +2.9% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $1.5M (revenue +4.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue +1.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue +9.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $1.3M (revenue +17.9% year-over-year).
- 2015: Revenue of $917K, expenses of $966K, and assets of $1.2M (revenue +10.0% year-over-year).
- 2014: Revenue of $834K, expenses of $843K, and assets of $1.2M (revenue -6.6% year-over-year).
- 2013: Revenue of $893K, expenses of $783K, and assets of $1.2M (revenue +1.7% year-over-year).
- 2012: Revenue of $878K, expenses of $776K, and assets of $1.1M (revenue -2.7% year-over-year).
- 2011: Revenue of $903K, expenses of $736K, and assets of $915K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Riverhead Volunteer Ambulance Corps Inc:
Data Sources and Methodology
This transparency report for Riverhead Volunteer Ambulance Corps 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.