MEMORIAL AMBULANCE CORPS (EIN 010278130) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

WILLIAM WIEGMANN

Phone

2073485686

Tax Period

2024-01-01 to 2024-12-31

MEMORIAL AMBULANCE CORPS, founded in 1967, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 296% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 69% operating margin.

Mission

EMERGENCY TRANSPORTATION OF PATIENTS LOCATED IN THE DEER ISLE - STONINGTON, MAINE REGION, A REGION NOT OTHERWISE SERVED BY AMBULANCE SERVICES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,401,437

Program Service Revenue $191,353

Investment Income $59,006

Other Revenue $732

TOTAL REVENUE $1,652,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,795

Fundraising Expenses $19,106

Program Expenses $467,289

Other Expenses $145,839

TOTAL EXPENSES $517,634

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,652,528	$417,066	+3.0%
Expenses	$517,634	$409,430	+0.3%
Net Income	$1,134,894	$7,636	+147.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$55,981

Total Directors

$90,772

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE PELLETIER	TRUSTEE	24.00	Director	$39,850	$0	$39,850
WILLIAM WIEGMANN	PRESIDENT	15.00	Officer Director	$29,259	$0	$29,259
ALLEN G DOWNS	VP & SECRETA	10.00	Officer Director	$10,738	$0	$10,738
WILDA EATON	SERVICE CHIE	10.00	Officer Director	$9,226	$0	$9,226
KELLY FIFIELD	ASST TREASUR	5.00	Officer	$5,059	$0	$5,059
PHILIP G GOSSARD	TREASURER	1.00	Officer Director	$1,699	$0	$1,699
WILLIAM ANDERSON	TRUSTEE	0.50	Director	$0	$0	$0
ANNIE TAYLOR GRAY	TRUSTEE	0.50	Director	$0	$0	$0
RICHARD HOWE	TRUSTEE	0.50	Director	$0	$0	$0
GWYN MURRAY	TRUSTEE	0.50	Director	$0	$0	$0
KAREN RAYNES	TRUSTEE	0.50	Director	$0	$0	$0
VICKI REESER	TRUSTEE	0.50	Director	$0	$0	$0
JACKIE WILSON	TRUSTEE	0.50	Director	$0	$0	$0
NORBERT YANKIELUN	TRUSTEE	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,652,528	$517,634	$3,409,090	$1,134,894
2023	$417,066	$409,430	$2,116,540	$7,636
2022	$389,726	$364,032	$1,929,801	$25,694
2021	$365,379	$336,147	$2,099,672	$29,232
2020	$420,704	$324,680	$1,815,758	$96,024
2019	$324,236	$286,868	$1,681,285	$37,368
2018	$274,104	$243,694	$1,435,023	$30,410

MEMORIAL AMBULANCE CORPS