THE WESTERLY AMBULANCE CORPS INC

EIN: 056009804 501(c)(3)

WESTERLY, RI

Total Revenue
$2,707,455
Total Expenses
$2,823,535
Total Assets
$3,905,030
Net Assets
$3,783,135
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
RI
Principal Officer
MICHAEL T BRANCATO
Phone
4015964375
Tax Period
2023-01-01 to 2023-12-31

THE WESTERLY AMBULANCE CORPS INC, founded in 1919, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PART III - LINE 1 THE WESTERLY AMBULANCE CORPS IS COMMITTED TO PROVIDE QUALITY EMERGENCY MEDICAL AND DISPATCH SERVICES THROUGH OUR COMPASSIONATE AND CARING VOLUNTEERS AND EMPLOYEES TO THE COMMUNITY AND SURROUNDING AREAS. OUR SERVICE-ORIENTED PROFESSIONALS STRIVE FOR EXCELLENCE THROUGH TRAINING AND EDUCATION. OUR ORGANIZATION WILL CONTINUE ITS TRADITION OF COMMUNITY SERVICE THROUGH PUBLIC EDUCATION, PROVIDING SPECIAL EVENT COVERAGE AND GIVING ASSISTANCE TO OTHER EMERGENCY SERVICE PROVIDERS WHEN CALLED UPON. THE CORPS HAS FOLLOWED THIS VISION SINCE 1917 AND WILL CONTINUE TO ASSIST THOSE IN NEED INTO THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $2,301,860 Revenue: $1,702,480

IN 2023, WESTERLY AMBULANCE CORPS RESPONDED TO 6,957 CALLS FOR HELP THROUGH ITS AMBULANCE SERVICES THAT CONTINUE TO PROVIDE EMERGENCY SERVICES TO AREA RESIDENTS AND THOSE VISITING OR TRAVELING...

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IN 2023, WESTERLY AMBULANCE CORPS RESPONDED TO 6,957 CALLS FOR HELP THROUGH ITS AMBULANCE SERVICES THAT CONTINUE TO PROVIDE EMERGENCY SERVICES TO AREA RESIDENTS AND THOSE VISITING OR TRAVELING THROUGH THE AREA.

Program 2
Expenses: $182,036 Revenue: $165,560

THE WESTERLY AMBULANCE CORPS PROVIDES DISPATCH SERVICES FOR 13 OTHER LOCAL AREA VOLUNTEER FIRE AND AMBULANCE ASSOCIATIONS.

Program 3
Expenses: $10,576 Revenue: $6,125

THE CORPS PROVIDES TRAINING TO THE COMMUNITY FOR FIRST AID, CPR, ETC. AS PART OF REGULARLY SCHEDULED CLASSES OR UPON REQUEST OF THE COMMUNITY AT LARGE BY OTHER SPONSORING ORGANIZATIONS.

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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 $661,142
Program Service Revenue $1,874,165
Investment Income $161,939
Other Revenue $10,209
TOTAL REVENUE $2,707,455

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $1,949,291
Fundraising Expenses $0
Program Expenses $2,494,472
Other Expenses $871,244
TOTAL EXPENSES $2,823,535

Year-over-Year Comparison

2023 2022 Change
Revenue $2,707,455 $2,312,570 +0.2%
Expenses $2,823,535 $2,579,573 +0.1%
Net Income $-116,080 $-267,003 -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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Governance

Voting Members
8
Independent Members
8
Employees
74
Volunteers
30

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
$82,073
Total Directors
8
$82,073
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL T BRANCATO TREASURER 45.00
Officer Director
$80,073 $0 $80,073
KAREN E MCGRATH-SCARCELLO SECRETARY 5.00
Officer Director
$2,000 $0 $2,000
MARY ELLEN BUCKLEY COMM. BOARD 2.00
Director
$0 $0 $0
STEPHEN R COFONE COMM. BOARD 2.00
Director
$0 $0 $0
IAN J HOWARD ASST TREASUR 5.00
Officer Director
$0 $0 $0
MARK S MELANSON VICE PRESIDE 7.00
Officer Director
$0 $0 $0
DAWN E SMITH PRESIDENT 5.00
Officer Director
$0 $0 $0
JOHN J TURANO COMM. BOARD 2.00
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 No data No data No data No data
2023 $2,707,455 $2,823,535 $3,905,030 $-116,080
2022 $2,312,570 $2,579,573 $4,108,884 $-267,003
2021 $2,503,156 $2,671,127 $4,557,028 $-167,971
2020 $2,338,414 $2,484,406 $4,637,780 $-145,992
2019 $2,519,199 $2,642,533 $4,808,864 $-123,334
2018 $2,807,695 $2,655,878 $4,874,761 $151,817
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