LAKE MILLS AMBULANCE SERVICE (EIN 237305160) - 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

1973

Legal Domicile

Principal Officer

MEGAN FJELSTAD

Phone

6412511881

Tax Period

2024-10-01 to 2025-09-30

LAKE MILLS AMBULANCE SERVICE, founded in 1973, is a small nonprofit that reported $203K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $190K left a modest 6% surplus.

Mission

TO PROVIDE AMBULANCE SERVICE TO THE LAKE MILLS COMMUNITY

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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 $42,656

Program Service Revenue $159,371

Investment Income $44

Other Revenue $995

TOTAL REVENUE $203,066

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,179

Fundraising Expenses $0

Program Expenses $177,450

Other Expenses $113,279

TOTAL EXPENSES $190,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,066	$161,181	+0.3%
Expenses	$190,458	$187,234	+0.0%
Net Income	$12,608	$-26,053	-1.5%

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

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
ROSS BOYSEN	MAINTENANCE	N/A	Officer	$0	$0	$0
LAURA FJELSTAD	TREASURER	N/A	Officer	$0	$0	$0
MEGAN FJELSTAD	PRESIDENT	N/A	Officer	$0	$0	$0
KENDRA FOLVEN	V. PRESIDENT	N/A	Officer	$0	$0	$0
CAROL WEAVER	SECRETARY	N/A	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
2025	$203,066	$190,458	$257,477	$12,608
2024	$161,181	$187,234	$244,497	$-26,053
2023	$134,546	$215,813	$270,550	$-81,267
2022	$160,907	$229,479	$351,821	$-68,572
2021	$185,656	$224,584	$420,393	$-38,928
2020	$190,760	$184,529	$459,321	$6,231
2019	$183,723	$168,049	$453,089	$15,674

LAKE MILLS AMBULANCE SERVICE