EAST LYME AMBULANCE FUND INC (EIN 061553185) - 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

1946

Legal Domicile

Principal Officer

DAVID BAER

Phone

8607393449

Tax Period

2023-07-01 to 2024-06-30

EAST LYME AMBULANCE FUND INC, founded in 1946, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 7% surplus.

Mission

PROVIDE AMBULANCE SERVICE TO THE TOWN OF EAST LYME

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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 $3,468

Program Service Revenue $1,321,508

Investment Income $20,476

Other Revenue $0

TOTAL REVENUE $1,345,452

Expense Breakdown

Grants Paid $226,295

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,156,906

Other Expenses $718,912

TOTAL EXPENSES $1,251,566

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,345,452	$1,089,481	+0.2%
Expenses	$1,251,566	$952,567	+0.3%
Net Income	$93,886	$136,914	-0.3%

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

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
ALLISON HOFFNER	SECRETARY	2.00	Officer	$0	$0	$0
DAVID CABIGTING	TREASURER	10.00	Officer	$0	$0	$0
MICHAEL NEBELUNG	VICE PRESIDENT	10.00	Officer	$0	$0	$0
DAVID BAER	PRESIDENT	10.00	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
2024	$1,345,452	$1,251,566	$2,880,300	$93,886
2023	$1,089,481	$952,567	$2,652,643	$136,914
2022	$971,121	$860,644	$2,320,154	$110,477
2021	$813,090	$782,265	$2,238,349	$30,825
2020	$811,465	$714,789	$2,277,096	$96,676
2018	$718,189	$571,378	$1,737,879	$146,811

EAST LYME AMBULANCE FUND INC