UNITY AMBULANCE CORPS (EIN 010278440) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

BRUCE COOK

Phone

2079486391

Tax Period

2024-01-01 to 2024-12-31

UNITY AMBULANCE CORPS is a 501(c)(3) with EIN 010278440, based in UNITY, ME. Founded in 1967, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $285,584 in total revenue and $465,732 in total expenses, with net assets of $955,630.

Mission

FURNISH AN AMBULANCE CORPS FOR THE UNITY, MAINE AREA; UNDERTAKE ALL THINGS NECESSARY TO THE EFFECTIVE PROVISION OF SAID AMBULANCE SERVICE; AND PROVIDE AMBULANCE SERVICES FOR THE TOWN OF UNITY AND SURROUNDING AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $19,022

Program Service Revenue $223,095

Investment Income $43,467

Other Revenue $0

TOTAL REVENUE $285,584

Expense Breakdown

Grants Paid $0

Salaries & Benefits $257,473

Fundraising Expenses $0

Program Expenses $416,394

Other Expenses $208,259

TOTAL EXPENSES $465,732

Year-over-Year Comparison

	2024	2023	Change
Revenue	$285,584	$298,377	0.0%
Expenses	$465,732	$410,252	+0.1%
Net Income	$-180,148	$-111,875	+0.6%

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

N/A

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

$70,061

Total Directors

$48,433

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE COOK	PRESIDENT	10.00	Officer Director	$14,433	$0	$14,433
COLBY ROBBINS	CO-CHIEF	10.00	Officer	$14,170	$0	$14,170
COURTNEY MUNGER	CO-CHIEF	10.00	Officer	$13,458	$0	$13,458
DARLENE COOK	TREASURER	10.00	Officer Director	$11,250	$0	$11,250
BARBARA DRAKE	VICE PRESIDE	10.00	Officer Director	$11,250	$0	$11,250
LISA MADORE	HR	10.00	Director	$6,000	$0	$6,000
BOBBIE GOULETTE	SECRETARY	10.00	Officer Director	$5,500	$0	$5,500

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	$285,584	$465,732	$955,630	$-180,148
2023	$298,377	$410,252	$868,635	$-111,875
2022	$355,635	$338,539	$900,897	$17,096
2021	$535,782	$219,221	$1,260,218	$316,561
2020	$203,081	$187,378	$943,669	$15,703
2019	$152,267	$179,966	$927,969	$-27,699
2018	$198,039	$175,968	$927,573	$22,071

UNITY AMBULANCE CORPS