PHELPS AMBULANCE INC (EIN 201321365) - 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

2004

Legal Domicile

Phone

3155483862

Tax Period

2023-01-01 to 2023-12-31

PHELPS AMBULANCE INC, founded in 2004, is a small nonprofit in the Public Safety sector that reported $303K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $369K exceeded revenue, resulting in a 22% operating deficit.

Mission

PHELPS AMBULANCE, INC. IS A 501(C)(3) NOT-FOR-PROFIT CORPORATION FORMED TO PROVIDE AMBULANCE AND OTHER EMERGENCY MEDICAL SERVICES TO THE COMMUNITIES WE SERVE.

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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 $3,762

Program Service Revenue $298,509

Investment Income $437

Other Revenue $0

TOTAL REVENUE $302,708

Expense Breakdown

Grants Paid $0

Salaries & Benefits $242,336

Fundraising Expenses $0

Program Expenses $356,065

Other Expenses $118,254

TOTAL EXPENSES $369,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$302,708	$231,084	+0.3%
Expenses	$369,370	$270,902	+0.4%
Net Income	$-66,662	$-39,818	+0.7%

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

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

$12,997

Total Directors

$61,701

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT DUNPHY	BOARD MEMBER	40.00	Director	$48,704	$0	$48,704
PHILIP FRERE	Treasurer	4.00	Officer Director	$12,195	$0	$12,195
TOM ASSELTA	Vice President	3.00	Officer Director	$802	$0	$802
BRANDON DEBAERE	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE VIENNA	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT TYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE DEBAERE	Secretary	3.00	Officer Director	$0	$0	$0
RONALD NIESKES	President	4.00	Officer Director	$0	$0	$0
HOWARD HUGHSON	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$302,708	$369,370	$40,990	$-66,662
2022	$231,084	$270,902	$107,652	$-39,818
2021	$272,222	$284,316	$147,471	$-12,094
2020	$213,664	$285,928	$186,968	$-72,264

PHELPS AMBULANCE INC