KB AMBULANCE CORPS INC (EIN 061017053) - 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

1960

Legal Domicile

Principal Officer

STEPHEN VARGA

Phone

8607747625

Tax Period

2023-05-01 to 2023-06-30

KB AMBULANCE CORPS INC, founded in 1960, is a small nonprofit that reported $599K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Net assets of $1.6M represent 32 months of operating reserves.

Mission

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

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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 $185,800

Program Service Revenue $409,414

Investment Income $2,776

Other Revenue $930

TOTAL REVENUE $598,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,842

Fundraising Expenses $0

Program Expenses $564,901

Other Expenses $141,214

TOTAL EXPENSES $609,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$598,920	$2,688,132	-0.8%
Expenses	$609,056	$3,066,203	-0.8%
Net Income	$-10,136	$-378,071	-1.0%

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

Employees

N/A

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
SCOTT SHATNEY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JAMES ROY	VICE CHAIRMAN	5.00	Officer Director	$0	$0	$0
JASON BURGESS	TREASURER THRU 5/16/23	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
STEPHEN VARGA	CHIEF ADMINISTRATOR	40.00	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	$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

KB AMBULANCE CORPS INC