REGIONAL AMBULANCE SERVICE INC

EIN: 030286379 501(c)(3) Health Care

RUTLAND, VT

Total Revenue
$5,583,257
Total Expenses
$5,263,450
Total Assets
$14,285,497
Net Assets
$13,991,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
VT
Principal Officer
PAUL KULIG
Phone
8027731746
Tax Period
2023-07-01 to 2024-06-30

REGIONAL AMBULANCE SERVICE INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 6% surplus.

Mission

Our mission is serving people first with pride, proficiency and professionalism. We offer emergency, ambulance, and paramedic services for Rutland City and surrounding towns in Vermont.

Program Service Accomplishments

Program 1
Expenses: $4,471,014

Licensed at the Paramedic Level, The Regional Ambulance Service is a non-profit corporation serving the towns of Castleton, Killington, Rutland City, Chittenden, Mendon, West Rutland, Clarendon...

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Licensed at the Paramedic Level, The Regional Ambulance Service is a non-profit corporation serving the towns of Castleton, Killington, Rutland City, Chittenden, Mendon, West Rutland, Clarendon, Pittsford, Rutland Town, Ira, Proctor, and Shrewsbury in Vermont. Regional Ambulance Service, Inc. is now the largest ambulance service in Vermont. The service has been licensed as a Paramedic service since 1990 and provides Advanced Life Support to the citizens we serve in 12 communities. The service has seven ambulances and a qualified staff of over 50 state certified Emergency Medical Technicians and Paramedics. Regional Ambulance responded to 11,281 calls last year. Each year we have special training in Critical Care Paramedicine, Advanced Cardiac Life Support, Basic Life Support, Prehospital Advanced Trauma Life Support, Pediatric Advanced Life Support, Emergency Vehicle Operator, Bloodborne Pathogens and a variety of continuing education programs. Our professional staff is extremely capable and dedicated. R.A.S. draws its strength from the skill and dedication of its staff. We believe that in the future this source of strength will continue to be our most important asset. Monthly C.P.R. classes are taught at Regional Ambulance. Last year, through the R.A.S. Training Center, 1,478 people were trained in C.P.R., a figure which is beginning to rebound after COVID. Tours,lectures, demonstrations, and C.P.R. classes are available for the general public. Child Car Seat inspections are held Wednesdays at the Regional Ambulance building and 68 child car seat inspections were completed through this program.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,749
Program Service Revenue $5,263,935
Investment Income $286,573
Other Revenue $0
TOTAL REVENUE $5,583,257

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,466,124
Fundraising Expenses $10,003
Program Expenses $4,471,014
Other Expenses $1,797,326
TOTAL EXPENSES $5,263,450

Year-over-Year Comparison

2023 2022 Change
Revenue $5,583,257 $4,761,416 +0.2%
Expenses $5,263,450 $4,314,621 +0.2%
Net Income $319,807 $446,795 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
95
Volunteers
8

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
5
$152,361
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES A FINGER CEA 40.00
Officer
$142,608 $9,753 $152,361
PAUL KULIG President 2.00
Officer Director
$0 $0 $0
MARY ANN REICH Director 1.00
Director
$0 $0 $0
Kevin Blongy Director 1.00
Director
$0 $0 $0
JERRI HOFFMAN Director 1.00
Director
$0 $0 $0
ALEDA DUTTON Secretary 2.00
Officer Director
$0 $0 $0
KEVIN DOUGHERTY Vice President 1.00
Officer Director
$0 $0 $0
MARTIN WASSERMAN Director 1.00
Director
$0 $0 $0
GERRY MARTIN Treasurer 2.00
Officer Director
$0 $0 $0
Matt Whitcomb Director 1.00
Director
$0 $0 $0
PEGGY PELLETIER Director 1.00
Director
$0 $0 $0
BETSY MORGAN Director 1.00
Director
$0 $0 $0
SHEENA FISHER Director 1.00
Director
$0 $0 $0
BECKY CONGDON Director 1.00
Director
$0 $0 $0
Dr Joseph R Giles Director 1.00
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 No data No data No data No data
2024 $5,583,257 $5,263,450 $14,285,497 $319,807
2023 $4,761,416 $4,314,621 $12,910,730 $446,795
2022 $4,758,009 $3,970,743 $11,708,995 $787,266
2021 $5,028,579 $3,909,547 $11,788,080 $1,119,032
2020 $3,839,572 $3,817,878 $9,616,253 $21,694
2019 $3,946,532 $3,661,683 $8,940,256 $284,849
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