MOOSABEC AMBULANCE SERVICE

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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

2001

Legal Domicile

Phone

2072635391

Tax Period

2023-01-01 to 2023-12-31

MOOSABEC AMBULANCE SERVICE, founded in 2001, is a small nonprofit in the Health Care sector that reported $258K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $54K, a strong 21% operating margin.

Mission

Provide ambulance services for the towns of Jonesport and Beals Maine

Program Service Accomplishments

Program 1

Expenses: $203,287 Revenue: $25,766,559

Moosabec Ambulance Service provides ambulance services to Jonesport and Beals Maine. They transport those needing medical care to hospitals in Machias Ellsworth and Bangor. They are usually the first on the scene for car accident drug overdoses and other medical emergencies in the area. Without the availability of local service the response time would be much longer.

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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 (2023)

Revenue Breakdown

Contributions & Grants $139,087

Program Service Revenue $108,640

Investment Income $9,928

Other Revenue $0

TOTAL REVENUE $257,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $142,060

Fundraising Expenses $0

Program Expenses $203,287

Other Expenses $61,227

TOTAL EXPENSES $203,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,655	$146,682	+0.8%
Expenses	$203,287	$165,793	+0.2%
Net Income	$54,368	$-19,111	-3.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lorin Gray	President	1.00	Officer	$0	$0	$0
Michael Gray	Vice-President	1.00	Officer	$0	$0	$0
Kelly Stewart	Secretary Treasurer Bookkeeper Biller	30.00	Officer	$0	$0	$0
Renee Gray	President of Charter	15.00	Officer	$0	$0	$0
Roger Dame	Board Member	1.00	Officer	$0	$0	$0
Carlen Jay	Board Member Asst Chief	1.00	Officer	$0	$0	$0
Andrew Phillips	Chief	30.00	Officer	$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	No data	No data	No data	No data
2023	$257,655	$203,287	$391,808	$54,368
2022	$146,682	$165,793	$337,440	$-19,111
2021	$167,494	$175,410	$356,551	$-7,916
2020	$151,365	$145,133	$364,467	$6,232
2019	$159,681	$142,525	$358,235	$17,156