PUTNAM EMS AMBULANCE SERVICE 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

1954

Legal Domicile

Principal Officer

EDWIN C HIGGINS III

Phone

8609286549

Tax Period

2023-05-01 to 2024-04-30

PUTNAM EMS AMBULANCE SERVICE INC, founded in 1954, is a community nonprofit in the Public Safety sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 10% operating deficit.

Mission

RESPONDING TO MEDICAL CALLS. PROVIDING MUTUAL AID TO SURROUNDING TOWNS.

Program Service Accomplishments

Program 1

Expenses: $1,426,868

THE AMBULANCE CORP RESPONDED TO 1,062 AMBULANCE CALLS AND TRANSPORTED THOSE INJURED PERSONS TO THE HOSPITAL AS NECESSARY.

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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 $546,180

Program Service Revenue $757,420

Investment Income $19

Other Revenue $0

TOTAL REVENUE $1,303,619

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,149,140

Fundraising Expenses $0

Program Expenses $1,432,628

Other Expenses $289,461

TOTAL EXPENSES $1,438,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,303,619	$1,269,602	+0.0%
Expenses	$1,438,601	$1,277,223	+0.1%
Net Income	$-134,982	$-7,621	+16.7%

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

N/A

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
EDWIN C HIGGINS III	PRESIDENT	N/A	Officer Director	$0	$0	$0
TARA PERRON	TREASURER	N/A	Officer Director	$0	$0	$0
PETER PLACE	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
SUSAN MORRISON	SECRETARY	N/A	Officer Director	$0	$0	$0
DAN HERINDEEN	DIRECTOR EX	N/A	Director	$0	$0	$0
SCOTT BELLVILLE	DIRECTOR	N/A	Director	$0	$0	$0
SHAYNE KETTLE	DIRECTOR	N/A	Director	$0	$0	$0
KATIE WEBSTER	DIRECTOR	N/A	Director	$0	$0	$0
MARY ANN PEZANKO	DIRECTOR	N/A	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
2024	$1,303,619	$1,438,601	$255,605	$-134,982
2021	$452,542	$442,450	$417,689	$10,092
2020	$510,470	$494,611	$406,598	$15,859