SUFFIELD VOL AMBUL ASSOC INC

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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

1991

Legal Domicile

Principal Officer

DR ANDREW WAKEFIELD

Phone

8606683881

Tax Period

2024-05-01 to 2025-04-30

SUFFIELD VOL AMBUL ASSOC INC, founded in 1991, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 27% operating deficit.

Mission

VOLUNTEER AMBULANCE SERVICE SERVING SUFFIELD CT AND IMMEDIATELY SURROUNDING TOWNS.

Program Service Accomplishments

Program 1

Expenses: $1,725,421 Revenue: $1,155,039

TO PROVIDE AMBULANCE TRANSPORTATION AND EMERGENCY MEDICAL SERVICES TO THE RESIDENTS OF SUFFIELD AND NEIGHBORING COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $173,474

Program Service Revenue $1,155,039

Investment Income $204,568

Other Revenue $50,989

TOTAL REVENUE $1,584,070

Expense Breakdown

Grants Paid $450,000

Salaries & Benefits $408,726

Fundraising Expenses $7,136

Program Expenses $1,725,421

Other Expenses $1,154,584

TOTAL EXPENSES $2,013,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,584,070	$1,727,099	-0.1%
Expenses	$2,013,310	$1,555,588	+0.3%
Net Income	$-429,240	$171,511	-3.5%

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
RUSS SWEENY	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER MICHALMAN	SECRETARY	4.00	Officer Director	$0	$0	$0
JUSTIN PEDNEAULT	DIRECTOR	2.00	Director	$0	$0	$0
JACK MUSKA	DIRECTOR	3.00	Director	$0	$0	$0
JACQUELYN GUZIE	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA DALEY	TREASURER	4.00	Officer Director	$0	$0	$0
JAY PRESSER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREW WAKEFIELD	PRESIDENT	4.00	Officer Director	$0	$0	$0
RENAE RANSDELL	DIRECTOR	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
2025	$339,268	$282,393	$6,258,844	$56,875
2025	$1,584,070	$2,013,310	$6,042,984	$-429,240
2024	$1,727,099	$1,555,588	$6,491,393	$171,511
2023	$1,455,668	$1,223,519	$6,187,048	$232,149
2022	$1,808,305	$1,036,516	$5,921,548	$771,789
2021	$1,101,431	$946,916	$5,435,961	$154,515
2020	$1,081,652	$906,388	$4,686,817	$175,264
2019	$1,003,168	$987,520	$4,571,088	$15,648