GREENWOOD LAKE AMBULANCE 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

EILEEN DIFFLEY

Phone

8454772200

Tax Period

2023-01-01 to 2023-12-31

GREENWOOD LAKE AMBULANCE INC, founded in 1954, is a small nonprofit that reported $240K in total revenue in fiscal year 2023. Net assets of $778K represent 39 months of operating reserves.

Mission

TO PROVIDE BASIC LIFE SUPPORT, AMBULATORY CARE, AND TRANSPORTATION TO AREA HOSPITALS FOR THE RESIDENTS OF THE VILLAGE OF GREENWOOD LAKE AND THE SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $200,910 Revenue: $235,154

GREENWOOD LAKE AMBULANCE PROVIDES TWENTY FOUR HOUR A DAY EMERGENCY 911 MEDICAL SERVICE TO THE RESIDENTS OF THE VILLAGE OF GREENWOOD LAKE AND SURROUNDING AREAS. GREENWOOD LAKE AMBULANCE PROVIDES BASIC...

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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 $0

Program Service Revenue $234,869

Investment Income $69

Other Revenue $5,504

TOTAL REVENUE $240,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,969

Fundraising Expenses $5,279

Program Expenses $200,910

Other Expenses $191,147

TOTAL EXPENSES $240,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,442	$239,322	+0.0%
Expenses	$240,395	$228,969	+0.0%
Net Income	$47	$10,353	-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
EILEEN DIFFLEY	DIRECTOR	5.00	Director	$0	$0	$0
DIANE BRAMICH	DIRECTOR	5.00	Director	$0	$0	$0
MIKE WOLFE	DIRECTOR	5.00	Director	$0	$0	$0
MIKE FINN	DIRECTOR	5.00	Director	$0	$0	$0
JOHN RADER	DIRECTOR	5.00	Director	$0	$0	$0
DIETMAR SCHULZE	DIRECTOR	5.00	Director	$0	$0	$0
ROBERT ACKERSON	DIRECTOR	5.00	Director	$0	$0	$0
MICHAEL KING	DIRECTOR	5.00	Director	$0	$0	$0
SOREN SORENSON	DIRECTOR	5.00	Director	$0	$0	$0
BOB SORENSON	DIRECTOR	5.00	Director	$0	$0	$0
JACK RADER	DIRECTOR	5.00	Director	$0	$0	$0
NANCY DEANGELO	DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$240,442	$240,395	$777,540	$47
2022	$239,322	$228,969	$777,493	$10,353
2021	$215,451	$233,132	$767,140	$-17,681
2020	$211,372	$190,197	$815,333	$21,175
2019	$234,892	$225,892	$763,644	$9,000
2018	$218,950	$198,885	$754,644	$20,065