Wells Emergency Medical Services

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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

1991

Legal Domicile

Principal Officer

Steven Merrill

Phone

2076418099

Tax Period

2024-07-01 to 2025-06-30

Wells Emergency Medical Services, founded in 1991, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

To provide emergency medical services to the residents & guests of Wells, Maine.

Program Service Accomplishments

Program 1

Expenses: $1,748,155 Revenue: $1,082,609

Provided emergency first aid and medical assistance and transportation in the event of accidents, illness or civil emergency to the citizens and guests of the Town of Wells, Maine on a 24 hour basis.

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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 $591,290

Program Service Revenue $1,082,609

Investment Income $6

Other Revenue $0

TOTAL REVENUE $1,673,905

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,296,584

Fundraising Expenses $0

Program Expenses $1,748,155

Other Expenses $474,021

TOTAL EXPENSES $1,770,605

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,673,905	$1,806,995	-0.1%
Expenses	$1,770,605	$1,646,708	+0.1%
Net Income	$-96,700	$160,287	-1.6%

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

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

$106,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Toomey	Chairman	2.00	Officer Director	$0	$0	$0
Donald Gonynor	Vice Chairman	2.00	Officer Director	$0	$0	$0
Matthew Magill	Treasurer	2.00	Officer Director	$0	$0	$0
Deborah Wineberg	Secretary	2.00	Officer Director	$0	$0	$0
Timothy Wheeler	Director	2.00	Director	$0	$0	$0
Caleb Chase	Director	2.00	Director	$0	$0	$0
Rhonda Cole	Director	2.00	Director	$0	$0	$0
Steven Merrill	Executive Director	40.00	Officer	$93,329	$12,723	$106,052

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	$1,673,905	$1,770,605	$631,427	$-96,700
2024	No data	No data	No data	No data
2023	$1,426,869	$1,567,327	$565,285	$-140,458
2022	$1,667,727	$1,422,671	$705,439	$245,056
2021	$1,226,040	$1,179,365	$459,334	$46,675
2020	$1,200,070	$1,135,311	$418,908	$64,759
2019	$1,286,360	$1,261,855	$346,622	$24,505
2018	$1,079,881	$1,032,852	$325,757	$47,029