Middlebury Volunteer Ambulance Association Inc (EIN 237085925) - 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

1970

Legal Domicile

Principal Officer

Walter Ducharme

Phone

8023883286

Tax Period

2023-07-01 to 2024-06-30

Middlebury Volunteer Ambulance Association Inc, founded in 1970, is a community nonprofit in the Health Care sector that reported $2.9M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $536K, a strong 18% operating margin.

Mission

Ambulance service.

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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 $257,725

Program Service Revenue $2,615,384

Investment Income $25,803

Other Revenue $0

TOTAL REVENUE $2,898,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,309,509

Fundraising Expenses $13,881

Program Expenses $2,307,963

Other Expenses $1,053,578

TOTAL EXPENSES $2,363,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,898,912	$3,989,541	-0.3%
Expenses	$2,363,087	$3,361,019	-0.3%
Net Income	$535,825	$628,522	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Walter Ducharme	President	2.00	Officer	$0	$0	$0
Ben Fuller	Vice President	2.00	Officer	$0	$0	$0
Mark Young	Treasurer	2.00	Officer	$0	$0	$0
Kate Rothwell	Director	2.00	Director	$0	$0	$0
John Hudson	Trustee	2.00	Director	$0	$0	$0
Renee Mosier	Secretary	2.00	Officer	$0	$0	$0
Kevin Parizo	Trustee	2.00	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
2025	No data	No data	No data	No data
2024	$2,898,912	$2,363,087	$5,213,770	$535,825
2023	$3,989,541	$3,361,019	$4,681,119	$628,522
2022	$3,103,180	$2,172,390	$4,138,405	$930,790
2021	$1,951,420	$2,024,075	$3,456,461	$-72,655
2021	$1,951,420	$2,024,075	$3,456,461	$-72,655
2020	$1,951,420	$2,024,075	$3,536,032	$-72,655
2019	$1,799,278	$1,644,938	$3,572,546	$154,340
2018	$1,808,743	$1,404,223	$3,273,148	$404,520

Middlebury Volunteer Ambulance Association Inc