MASSACHUSETTS AMBULANCE ASSOCIATION INC (EIN 010894923) - 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

2007

Legal Domicile

Principal Officer

KEVIN TURNER

Phone

7812296667

Tax Period

2025-01-01 to 2025-12-31

MASSACHUSETTS AMBULANCE ASSOCIATION INC, founded in 2007, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2025. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE GENERAL PURPOSE IS TO UNITE AND ASSOCIATE TOGETHER OWNERS OF PRIVATE AMBULANCE SERVICES; TO MAINTAIN HARMONY AND GOOD GOVERNMENT AMONG THE MEMBERS OF THE CORPORATION; TO ELEVATE GENERALLY THE STANDARDS OF OWNERS OF PRIVATE AMBULANCE SERIVCES; TO ENCOURAGE THE DEVELOPMENT OF THE OPERATION OF AMBULANCES BY OWNERS OF PRIVATE AMBULANCE SERVICES; TO EXCHANGE INFORMATION AND IDEAS AMONG ITS MEMBERS; TO ACQUIRE AND DISTRIBUTE INFORMATION RELATING TO THE OPERATION OF PRIVATE AMBULANCE SERVICES; TO ESTABLISH PROPER STANDARDS OF ETHICAL CONDUCT AMONG ITS MEMBERS; TO OBTAIN AND DISTRIBUTE INFORMATION AND ADVICE CONCERNING SOUND BUSINESS PROCEDURES AND TECHNIQUES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $33,081

Program Service Revenue $2,781,654

Investment Income $21,207

Other Revenue $3,149

TOTAL REVENUE $2,839,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,183

Fundraising Expenses $0

Program Expenses $39,015

Other Expenses $3,029,613

TOTAL EXPENSES $3,192,796

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,839,091	$9,367,950	-0.7%
Expenses	$3,192,796	$5,090,870	-0.4%
Net Income	$-353,705	$4,277,080	-1.1%

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

N/A

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

$152,500

Total Directors

$152,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN TURNER	EXECUTIVE DIRECTOR	10.00	Officer Director	$152,500	$0	$152,500
DENNIS CATALDO	PRESIDENT	10.00	Director	$0	$0	$0
JOHN CHEMALY	VICE PRESIDENT	10.00	Director	$0	$0	$0
WILLIAM MERGENDAHL	DIRECTOR AT LARGE	10.00	Director	$0	$0	$0
BRIAN ANDREWS	TREASURER	10.00	Director	$0	$0	$0
RICHARD RAYMOND	CLERK	10.00	Director	$0	$0	$0
CHRISTOPHER CIFRA	GENERAL COUNSEL	10.00	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
2025	$2,839,091	$3,192,796	$3,963,049	$-353,705

MASSACHUSETTS AMBULANCE ASSOCIATION INC