GROTON AMBULANCE ASSOCIATION INC (EIN 061229018) - 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

1955

Legal Domicile

Principal Officer

CHESTER KANIECKI

Phone

8604456925

Tax Period

2024-05-01 to 2025-04-30

GROTON AMBULANCE ASSOCIATION INC, founded in 1955, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2024. Expenses of $3.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE AMBULANCE SERVICE TO THOSE IN NEED .

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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 (2024)

Revenue Breakdown

Contributions & Grants $353,935

Program Service Revenue $2,527,418

Investment Income $11,676

Other Revenue $0

TOTAL REVENUE $2,893,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,019,470

Fundraising Expenses $0

Program Expenses $3,070,520

Other Expenses $1,189,808

TOTAL EXPENSES $3,209,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,893,029	$2,734,962	+0.1%
Expenses	$3,209,278	$2,722,832	+0.2%
Net Income	$-316,249	$12,130	-27.1%

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

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

$650,937

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA BRUCKER	DIRECTOR AT-LARGE	79.92	Officer	$234,461	$32,230	$266,691
CHESTER KANIECKI	PRESIDENT	40.00	Officer	$71,700	$0	$71,700
ROBERT MCDERMOTT	VICE-PRESIDENT	10.00	Officer	$19,938	$0	$19,938
KELSEY GOMES	TRAINING OFFICER	45.08	Officer	$112,830	$8,152	$120,982
PAULA EDWARDS	DIRECTOR AT-LARGE	58.56	Officer	$152,718	$18,908	$171,626
SKLAR HATTER	HIGHLY COMPENSATED	70.46	Highest	$131,031	$6,571	$137,602
RUTH SCHNEIDER	HIGHLY COMPENSATED	62.66	Highest	$120,848	$12,423	$133,271
CHRISTIAN LOMBARDI	HIGHLY COMPENSATED	65.58	Highest	$114,907	$19,664	$134,571
KELSEY FOWLER	HIGHLY COMPENSATED	64.93	Highest	$109,526	$0	$109,526

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	$2,893,029	$3,209,278	$894,524	$-316,249
2024	$2,734,962	$2,722,832	$1,222,164	$12,130
2023	$2,914,754	$2,511,276	$1,212,803	$403,478
2022	$2,264,654	$2,692,268	$844,681	$-427,614
2021	$2,335,192	$2,229,333	$1,253,852	$105,859
2020	$1,903,938	$2,180,498	$1,109,234	$-276,560
2019	$2,148,316	$1,936,994	$1,405,865	$211,322
2018	$1,960,365	$1,546,001	$1,294,050	$414,364

GROTON AMBULANCE ASSOCIATION INC