MAGNOLIA AMBULANCE CORPS INC (EIN 226069760) - 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

1955

Legal Domicile

Principal Officer

NICK D'AMICO

Phone

8564358480

Tax Period

2023-01-01 to 2023-12-31

MAGNOLIA AMBULANCE CORPS INC, founded in 1955, is a small nonprofit that reported $737K in total revenue in fiscal year 2023. Revenue surged 96% from the prior year, signaling strong growth momentum. Expenses of $629K left a modest 15% surplus.

Mission

TO PROVIDE EMERGENCY AMBULANCE SERVICE FOR MAGNOLIA, SOMERDALE AND LAWNSIDE.

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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 $61,286

Program Service Revenue $650,035

Investment Income $1,070

Other Revenue $24,170

TOTAL REVENUE $736,561

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $390

Program Expenses $569,706

Other Expenses $628,718

TOTAL EXPENSES $628,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$736,561	$376,269	+1.0%
Expenses	$628,718	$382,378	+0.6%
Net Income	$107,843	$-6,109	-18.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW BALLINGER	ENGINEER	20.00	Director	$0	$0	$0
SUSAN BARTON	TREASURER	10.00	Officer Director	$0	$0	$0
NICK D'AMICO	PRESIDENT	10.00	Officer Director	$0	$0	$0
AL DUDLEY	TRUSTEEQ	10.00	Officer Director	$0	$0	$0
KAREN DUDLEY	LIEUTENANT/T	20.00	Director	$0	$0	$0
ABBY EVANS	SECRETARY	10.00	Officer Director	$0	$0	$0
SAMANTHA EVENS	TRUSTEE	5.00	Director	$0	$0	$0
NICK MILLER	VICE PRES.	10.00	Officer Director	$0	$0	$0
ANN PHILLIPS	TRUSTEE	5.00	Director	$0	$0	$0
JOEY REMY	TRUSTEE	5.00	Director	$0	$0	$0
CHRISTOPHER BALLINGER	DEPUTY CHIEF	20.00	Officer	$0	$0	$0
KIM BERDINE	CHIEF	20.00	Officer	$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	$736,561	$628,718	$358,507	$107,843
2022	$376,269	$382,378	$269,934	$-6,109
2021	$325,522	$380,853	$276,043	$-55,331
2020	$331,176	$358,859	$374,919	$-27,683
2019	$339,034	$377,258	$399,728	$-38,224
2018	$332,289	$382,043	$419,367	$-49,754

MAGNOLIA AMBULANCE CORPS INC