KB AMBULANCE CORPS 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

1960

Legal Domicile

Principal Officer

STEPHEN VARGA

Phone

8607747625

Tax Period

2022-05-01 to 2023-04-30

KB AMBULANCE CORPS INC, founded in 1960, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year. Expenses of $3.1M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE EMERGENCY MEDICAL SERVICE TO THE TOWN OF KILLINGLY AND SURROUNDING TOWNS.

Program Service Accomplishments

Program 1

Expenses: $2,766,619 Revenue: $2,094,064

EMERGENCY MEDICAL SERVICES - TO PROVIDE EMERGENCY MEDICAL SERVICES TO THE TOWN OF KILLINGLY AND SURROUNDING TOWNS IN THE NORTHEAST CORNER OF CT. THE SURROUNDING TOWNS INCLUDE THOMPSON, HAMPTON...

EMERGENCY MEDICAL SERVICES - TO PROVIDE EMERGENCY MEDICAL SERVICES TO THE TOWN OF KILLINGLY AND SURROUNDING TOWNS IN THE NORTHEAST CORNER OF CT. THE SURROUNDING TOWNS INCLUDE THOMPSON, HAMPTON, POMFRET, AND EASTFORD. THE ORGANIZATION RESPONDED TO A TOTAL OF 6,905 CALLS DURING THE FISCAL YEAR.

Program 2

Expenses: $20,092 Revenue: $27,382

KB AMBULANCE TRAINING CENTER - HELPS ENHANCE THE QUALITY OF EMERGENCY MEDICAL CARE PROVIDED TO THE COMMUNITY THROUGH TRAINING, EDUCATION, RESEARCH, AND SPECIALTY PROGRAMS. THESE PROGRAMS HELP TO...

KB AMBULANCE TRAINING CENTER - HELPS ENHANCE THE QUALITY OF EMERGENCY MEDICAL CARE PROVIDED TO THE COMMUNITY THROUGH TRAINING, EDUCATION, RESEARCH, AND SPECIALTY PROGRAMS. THESE PROGRAMS HELP TO PREPARE THE PUBLIC AND EMERGENCY RESPONDERS FOR EMERGENCY SITUATIONS, AS WELL AS KEEP THEM UP TO DATE WITH CURRENT MEDICAL SCIENCE. LAST YEAR PROVIDING 131 AHA CLASSES AND 8 OTHER EMS-RELATED CLASSES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $556,068

Program Service Revenue $2,121,446

Investment Income $3,570

Other Revenue $7,048

TOTAL REVENUE $2,688,132

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,177,571

Fundraising Expenses $0

Program Expenses $2,786,711

Other Expenses $888,632

TOTAL EXPENSES $3,066,203

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,688,132	$2,951,137	-0.1%
Expenses	$3,066,203	$2,868,707	+0.1%
Net Income	$-378,071	$82,430	-5.6%

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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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

$120,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SHATNEY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JASON BURGESS	TREASURER	5.00	Officer Director	$0	$0	$0
CAROL COOPER RYLEY	SECRETARY	5.00	Officer Director	$0	$0	$0
RENE MAZZARELLA	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN THOMPSON	DIRECTOR	5.00	Director	$0	$0	$0
RONALD CURRAN	DIRECTOR, THRU 7/1/22	5.00	Director	$0	$0	$0
MICHAEL CHARRON	DIRECTOR, THRU 11/15/22	5.00	Director	$0	$0	$0
MARY BETH SWORIN	DIRECTOR, THRU 6/1/22	5.00	Director	$0	$0	$0
STEPHEN VARGA	CHIEF ADMINISTRATOR	40.00	Officer	$84,827	$35,364	$120,191

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	$2,688,132	$3,066,203	$1,976,066	$-378,071
2023	$598,920	$609,056	$1,949,523	$-10,136
2022	$2,951,137	$2,868,707	$2,317,066	$82,430
2021	$2,119,838	$2,170,805	$2,236,184	$-50,967
2020	$1,856,940	$1,832,860	$2,516,247	$24,080
2019	$1,932,256	$1,859,839	$2,384,163	$72,417