THE FOSTER AMBULANCE CORPS (EIN 050448233) - 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

1971

Legal Domicile

Principal Officer

THOMAS WALDEN

Phone

4016470498

Tax Period

2023-07-01 to 2024-06-30

THE FOSTER AMBULANCE CORPS, founded in 1971, is a micro nonprofit in the Health Care sector that reported $6K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $454K exceeded revenue, resulting in a 8075% operating deficit.

Mission

TO PROVIDE VOLUNEER EMERGENCY MEDICAL 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,542

Investment Income $17

Other Revenue $0

TOTAL REVENUE $5,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $415,183

Other Expenses $454,439

TOTAL EXPENSES $454,439

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,559	$33,693	-0.8%
Expenses	$454,439	$15,864	+27.6%
Net Income	$-448,880	$17,829	-26.2%

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

N/A

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
FRANK LUSIGNAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
MELANIE JOHNSON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LISA SAMBAIN	SECRETARY	2.00	Officer Director	$0	$0	$0
THOMAS WALDEN	TREASURER	2.00	Officer Director	$0	$0	$0
VIRGINIA COLWELL	COMMANDER	1.00	Director	$0	$0	$0
LILA ZUCHOWSKI	DEPUTY COMMANDER	1.00	Director	$0	$0	$0
PAT MORAN	CAPTAIN	1.00	Director	$0	$0	$0
KAREN RATHBUN	LIEUTENANT	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
2024	$5,559	$454,439	No data	$-448,880
2023	$33,693	$15,864	$448,880	$17,829
2022	$511,420	$514,679	$440,094	$-3,259
2021	$291,360	$298,041	$445,661	$-6,681

THE FOSTER AMBULANCE CORPS