GLASTONBURY VOLUNTEER AMBULANCE ASSOCIATION INC (EIN 061016971) - 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

1958

Legal Domicile

Principal Officer

HEIDI HEIM

Phone

8606336554

Tax Period

2023-07-01 to 2024-06-30

GLASTONBURY VOLUNTEER AMBULANCE ASSOCIATION INC, founded in 1958, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 7% surplus.

Mission

EMERGENCY AMBULANCE 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 $45,000

Program Service Revenue $1,428,901

Investment Income $127,890

Other Revenue $0

TOTAL REVENUE $1,601,791

Expense Breakdown

Grants Paid $0

Salaries & Benefits $808,863

Fundraising Expenses $0

Program Expenses $1,172,805

Other Expenses $677,244

TOTAL EXPENSES $1,486,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,601,791	$1,451,120	+0.1%
Expenses	$1,486,107	$1,569,101	-0.1%
Net Income	$115,684	$-117,981	-2.0%

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

N/A

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

$13,452

Total Directors

$16,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEIDI HEIM	TREASURER	5.00	Officer Director	$12,157	$0	$12,157
CRAIG MALAN	BOARD MEMBER	5.00	Director	$1,741	$0	$1,741
CHRIS FERRALL	PRESIDENT	5.00	Officer Director	$1,295	$0	$1,295
AARON MANDELL	BOARD MEMBER	5.00	Director	$971	$0	$971

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	$1,601,791	$1,486,107	$1,138,437	$115,684
2023	$1,451,120	$1,569,101	$1,022,753	$-117,981
2022	$1,351,266	$1,476,889	$1,140,734	$-125,623
2021	$1,333,384	$1,425,555	$1,272,904	$-92,171
2020	$1,260,548	$1,418,650	$1,380,830	$-158,102
2019	$1,288,633	$1,700,262	$1,516,630	$-411,629

GLASTONBURY VOLUNTEER AMBULANCE ASSOCIATION INC