PETIT MANAN AMBULANCE CORPS 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

1974

Legal Domicile

Principal Officer

Lori Austin

Phone

2079911178

Tax Period

2024-01-01 to 2024-12-31

PETIT MANAN AMBULANCE CORPS INC, founded in 1974, is a micro nonprofit that reported $3K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 406% operating deficit.

Mission

Ambulance Service

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $2,735

Petit Manan Ambulance Services terminated operations on March 17, 2023 due to financial strain and lack of Town funding. Finalized disposal of assets, collection of accounts receivable, payment of...

Petit Manan Ambulance Services terminated operations on March 17, 2023 due to financial strain and lack of Town funding. Finalized disposal of assets, collection of accounts receivable, payment of vendors and closure of operations during remainder of 2023 and 2024

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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 $0

Program Service Revenue $2,735

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,288

Fundraising Expenses $0

Program Expenses $0

Other Expenses $12,551

TOTAL EXPENSES $13,839

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,735	$106,669	-1.0%
Expenses	$13,839	$113,280	-0.9%
Net Income	$-11,104	$-6,611	+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

N/A

Independent Members

N/A

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

$7,467

Total Directors

$5,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Parritt	Service Manager/Secretary	8	Officer Director	$5,760	$0	$5,760
Lori Austin	Office Manager/Accountant	0	Officer	$1,707	$0	$1,707

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	$2,735	$13,839	No data	$-11,104
2023	$106,669	$113,280	$12,392	$-6,611
2022	$302,460	$274,165	$39,591	$28,295
2021	$277,158	$235,871	$63,827	$41,287
2020	$230,532	$243,555	$69,078	$-13,023
2019	$260,755	$269,380	$2,577	$-8,625
2018	$284,352	$320,694	$5,464	$-36,342