Haddam Volunteer Ambulance Assoc (EIN 060960697) - 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

1976

Legal Domicile

Principal Officer

Rhonda Boisvert

Tax Period

2023-01-01 to 2023-12-31

Haddam Volunteer Ambulance Assoc, founded in 1976, is a small nonprofit that reported $567K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $528K left a modest 7% surplus.

Mission

PROVIDING AMBULANCE SERVICE TO THE TOWNS OF HADDAM & HIGGANUM, CT.

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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 $17,640

Program Service Revenue $548,655

Investment Income $861

Other Revenue $0

TOTAL REVENUE $567,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,337

Fundraising Expenses $0

Program Expenses $528,403

Other Expenses $173,066

TOTAL EXPENSES $528,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$567,156	$461,405	+0.2%
Expenses	$528,403	$515,217	+0.0%
Net Income	$38,753	$-53,812	-1.7%

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

$1,270

Total Directors

$26,320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Dole	Board Member	10.00	Director	$8,230	$0	$8,230
Rosemarie Picard Eberl	Board Member	10.00	Director	$6,150	$0	$6,150
Rene Karas Johnson	Board Member	10.00	Director	$6,150	$0	$6,150
Rudolph Durinick	Board Member	10.00	Director	$4,520	$0	$4,520
Rhonda Boisvert	President	10.00	Officer Director	$1,270	$0	$1,270
Paul Ross	Board Member	10.00	Director	$0	$0	$0
Josh Meyer	Board Member	10.00	Director	$0	$0	$0
Rick Johnson	Board Member	10.00	Director	$0	$0	$0
Raymond Roberge	Board Member	10.00	Director	$0	$0	$0
Cindy Sadlowski	Treasurer	0.00	Officer	$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	No data	No data	No data	No data
2023	$567,156	$528,403	$262,222	$38,753
2022	$461,405	$515,217	$239,422	$-53,812
2021	$447,544	$462,691	$296,474	$-15,147
2020	$414,748	$455,801	$326,864	$-41,053
2019	$451,320	$524,385	$383,160	$-73,065
2018	$523,028	$484,218	$471,315	$38,810

Haddam Volunteer Ambulance Assoc