WASHINGTON AMBULANCE ASSOCIATION I… - Form 990 Financial Data

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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

1942

Legal Domicile

Principal Officer

PHILIP WILDMAN

Phone

8608687913

Tax Period

2024-10-01 to 2025-09-30

WASHINGTON AMBULANCE ASSOCIATION INC, founded in 1942, is a small nonprofit in the Health Care sector that reported $279K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $211K, a strong 75% operating margin.

Mission

TO SERVE THE TOWN OF WASHINGTON, CT BY PROVIDING PROFESSIONAL AND COMPASSIONATE EMERGENCY MEDICAL SERVICES

Program Service Accomplishments

Program 1

Expenses: $48,626

TO SERVE THE TOWN OF WASHINGTON, CT BY PROVIDING PROFESSIONAL AND COMPASSIONATE EMERGENCY MEDICAL SERVICES

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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 $255,788

Program Service Revenue $0

Investment Income $23,693

Other Revenue $0

TOTAL REVENUE $279,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,902

Program Expenses $48,626

Other Expenses $68,501

TOTAL EXPENSES $68,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,481	$229,288	+0.2%
Expenses	$68,501	$196,114	-0.7%
Net Income	$210,980	$33,174	+5.4%

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

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
PHILIP WILDMAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
TERRANCE J TIERNAN	TREASURER	5.00	Officer Director	$0	$0	$0
SCOTT BOWMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN K PASCAL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN QUIST	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DARCY WRIGHT CAMPBELL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WERKHOVEN	DIRECTOR	1.00	Director	$0	$0	$0
MITCHEL SOLOMON	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH FREDLUND	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE CALDARA	DIRECTOR	1.00	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
2025	$279,481	$68,501	$1,041,235	$210,980
2024	$229,288	$196,114	$814,958	$33,174
2023	$271,669	$60,261	$781,784	$211,408
2022	$154,273	$54,459	$572,998	$99,814
2021	$146,446	$70,121	$470,562	$76,325
2018	$126,120	$107,672	$344,316	$18,448

WASHINGTON AMBULANCE ASSOCIATION INC