LAKES REGION EMS INC

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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

AARRON REINERT

Phone

6512774911

Tax Period

2024-01-01 to 2024-12-31

LAKES REGION EMS INC, founded in 1970, is a mid-sized nonprofit in the Health Care sector that reported $11.1M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $9.6M left a modest 14% surplus.

Mission

TO LEASE, MAINTAIN AND OPERATE AN EMERGENCY RESCUE AND AMBULANCE SERVICE WHICH WILL SERVE THE CHISAGO LAKES, MN AREA TO RENDER AID TO THE SICK, INJURED OR DISABLED WITHOUT REGARD TO RACE, CREED, OR TO STATION IN LIFE. TO SERVE THE SOCIAL WELFARE OF PEOPLE OF THE AREA.

Program Service Accomplishments

Program 1

Expenses: $6,672,196 Revenue: $10,758,125

THE AMBULANCE SERVICE, STAFFED BY TRAINED PERSONNEL, PROVIDES AMBULANCE SERVICE FOR THE COMMUNITIES OF CHISAGO LAKES, RUSH CITY, AND NORTH BRANCH, MINNESOTA, AS WELL AS A PART OF POLK COUNTY IN...

THE AMBULANCE SERVICE, STAFFED BY TRAINED PERSONNEL, PROVIDES AMBULANCE SERVICE FOR THE COMMUNITIES OF CHISAGO LAKES, RUSH CITY, AND NORTH BRANCH, MINNESOTA, AS WELL AS A PART OF POLK COUNTY IN WISCONSIN.

Program 2

Expenses: $12,468 Revenue: $0

PROVIDING EMS EDUCATION AND TRAINING SERVICES FOR CRITICAL CARE PARAMEDIC, EMT, AND EMR GROUPS.

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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 $216,051

Program Service Revenue $9,840,175

Investment Income $95,733

Other Revenue $982,760

TOTAL REVENUE $11,134,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,551,673

Fundraising Expenses $0

Program Expenses $6,684,664

Other Expenses $4,012,220

TOTAL EXPENSES $9,563,893

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,134,719	$9,637,283	+0.2%
Expenses	$9,563,893	$8,558,998	+0.1%
Net Income	$1,570,826	$1,078,285	+0.5%

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

114

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

$459,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH CARLSON	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE CARROLL	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAN MEYER	TREASURER	1.00	Officer Director	$0	$0	$0
BRYAN GAFFY	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HOWELL	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON THYEN	DIRECTOR	1.00	Director	$0	$0	$0
AARRON REINERT	EXECUTIVE DIRECTOR	40.00	Officer	$253,446	$7,181	$260,627
MICHELLE ANDERSON	DIRECTOR OF ADMINISTRATION	40.00	Officer	$170,575	$28,235	$198,810
BEN WASMUND	DIRECTOR OF OPERATIONS	40.00	Highest	$197,370	$35,242	$232,612
LEE HUBER	OPERATIONS MANAGER	40.00	Highest	$140,774	$33,233	$174,007
TENAMARIE MEYER	CLINICAL MANAGER	40.00	Highest	$142,881	$5,357	$148,238
BRANDON TRAUBA	OPERATIONS MANAGER	40.00	Highest	$118,833	$4,753	$123,586
BRIAN MEYER	OPERATIONS SUPERVISOR	40.00	Highest	$127,751	$5,110	$132,861

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	$11,134,719	$9,563,893	$13,353,046	$1,570,826
2023	$9,637,283	$8,558,998	$10,793,046	$1,078,285
2022	$9,194,965	$8,685,839	$9,417,121	$509,126
2021	$8,777,002	$8,717,459	$9,463,082	$59,543
2020	$7,649,274	$6,818,619	$9,928,225	$830,655
2019	$6,632,768	$6,355,284	$8,459,153	$277,484
2018	$6,248,259	$5,830,700	$7,885,737	$417,559