CALEDONIA ESSEX AREA AMBULANCE SERVICE (EIN 222532563) - 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

1984

Legal Domicile

Principal Officer

MICHAEL WRIGHT

Phone

8027487542

Tax Period

2024-01-01 to 2024-12-31

CALEDONIA ESSEX AREA AMBULANCE SERVICE, founded in 1984, is a community nonprofit in the Health Care sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $2.3M left a modest 11% surplus.

Mission

CALEX IS A COMMUNITY BASED LEADER DEDICATED TO DELIVERING THE HIGHER LEVEL OF EMERGENCY MEDICAL CARE AND COMMUNITY EDUCATION WITH INTEGRITY AND COMPASSION.

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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 $66,162

Program Service Revenue $2,489,831

Investment Income $3,382

Other Revenue $13,948

TOTAL REVENUE $2,573,323

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,425,283

Fundraising Expenses $0

Program Expenses $2,023,717

Other Expenses $861,970

TOTAL EXPENSES $2,287,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,573,323	$1,937,443	+0.3%
Expenses	$2,287,253	$1,993,900	+0.1%
Net Income	$286,070	$-56,457	-6.1%

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

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

$175,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SOPHRIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON BAKER	TREASURER	1.00	Officer Director	$0	$0	$0
KIM DARBY	DIRECTOR	1.00	Director	$0	$0	$0
ROGER LEROUX	DIRECTOR	1.00	Director	$0	$0	$0
TJ TANNER	DIRECTOR	1.00	Director	$0	$0	$0
TRACEY TURNER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD FISHER	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE GILMAN	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CORCORAN	SECRTARY	1.00	Officer Director	$0	$0	$0
MICHAEL WRIGHT	CEO/CHIEF	40.00	Officer	$92,953	$16,370	$109,323
DIANE THOMPSON	FINANCE MANAGER	40.00	Officer	$64,973	$748	$65,721

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	$2,573,323	$2,287,253	$1,556,971	$286,070
2023	$1,937,443	$1,993,900	$1,249,088	$-56,457
2022	$1,581,218	$1,924,275	$1,207,228	$-343,057
2021	$2,378,179	$2,031,617	$1,590,225	$346,562
2020	$2,294,377	$2,129,512	$1,433,267	$164,865

CALEDONIA ESSEX AREA AMBULANCE SERVICE