Ashaway Ambulance Association Inc (EIN 237130170) - 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

1971

Legal Domicile

Principal Officer

Jodi Perrin

Phone

4013778312

Tax Period

2024-01-01 to 2024-12-31

Ashaway Ambulance Association Inc, founded in 1971, is a small nonprofit that reported $516K in total revenue in fiscal year 2024. Expenses of $470K left a modest 9% surplus.

Mission

To provide ambulance service for an approximate popualtion of 1,706 Ashaway residence and assist to over 8,485 population for Hopkinton and other surrounding communities.

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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 $327,525

Program Service Revenue $188,903

Investment Income $0

Other Revenue $0

TOTAL REVENUE $516,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,526

Fundraising Expenses $0

Program Expenses $440,286

Other Expenses $278,908

TOTAL EXPENSES $470,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$516,428	$517,059	0.0%
Expenses	$470,434	$357,692	+0.3%
Net Income	$45,994	$159,367	-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

N/A

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

$76,588

Total Directors

$1,584

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicholas Vetelino	Chief	37.95	Officer	$45,272	$0	$45,272
Jillian O'Connor	Secretary	26.50	Officer	$31,316	$0	$31,316
Lucas Pityer	Vice President	1.70	Director	$1,584	$0	$1,584
Patrick Pratt	Board Member	2.00	Director	$0	$0	$0
Mike Gardella	Board Member	1.00	Director	$0	$0	$0
Michael Williams	Board Member	1.00	Director	$0	$0	$0
Jodi Perrin	President	6.00	Officer	$0	$0	$0
Eric Perrin	Treasurer	6.00	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	$516,428	$470,434	$521,454	$45,994
2023	$517,059	$357,692	$529,509	$159,367
2022	$340,443	$279,579	$142,228	$60,864
2021	$258,858	$289,898	$138,500	$-31,040
2020	$231,160	$298,474	$146,745	$-67,314
2019	$237,815	$254,437	$107,483	$-16,622
2018	$224,478	$199,000	$82,902	$25,478

Ashaway Ambulance Association Inc