OLD SAYBROOK AMBULANCE ASSOCIATION INC

EIN: 237396898 501(c)(3) Health Care

OLD SAYBROOK, CT

Total Revenue
$940,943
Total Expenses
$721,199
Total Assets
$4,035,333
Net Assets
$4,015,706
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CT
Principal Officer
JOSEPH CASTRO
Phone
8603880161
Tax Period
2024-05-01 to 2025-04-30

OLD SAYBROOK AMBULANCE ASSOCIATION INC, founded in 1974, is a small nonprofit in the Health Care sector that reported $941K in total revenue in fiscal year 2024. The organization ran a surplus of $220K, a strong 23% operating margin.

Mission

TO PROVIDE SAFE AND TIMELY TRANSPORT TO MEDICAL FACILITIES, IN TIMES OF MEDICAL EMERGENCIES, TO THE RESIDENTS OF OLD SAYBROOK AND NEIGHBORING COMMUNITIES. TO ADMINISTER APPROPRIATE INTERMEDIATE MEDICAL ASSISTANCE WHILE THE PATIENT IS IN TRANSIT TO A MEDICAL FACILITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,140
Program Service Revenue $740,880
Investment Income $144,923
Other Revenue $0
TOTAL REVENUE $940,943

Expense Breakdown

Grants Paid $11,828
Salaries & Benefits $367,600
Fundraising Expenses $3,948
Program Expenses $537,240
Other Expenses $341,771
TOTAL EXPENSES $721,199

Year-over-Year Comparison

2024 2023 Change
Revenue $940,943 $895,647 +0.1%
Expenses $721,199 $697,826 +0.0%
Net Income $219,744 $197,821 +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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Governance

Voting Members
12
Independent Members
8
Employees
30
Volunteers
35

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
3
$0
Total Directors
12
$115,760
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHI FOWLER Bookkeeper 30.00
Director
$60,000 $0 $60,000
WILLIAM E ROCHETTE BOARD MEMBER 14.00
Director
$33,190 $0 $33,190
PATRICK HANLEY BOARD MEMBER 5.00
Director
$13,460 $0 $13,460
CHRISTOPHER CESTARO BOARD MEMBER 4.00
Director
$9,110 $0 $9,110
PAMELA WERTHEIM BOARD MEMBER 1.00
Director
$0 $0 $0
BIANCA HEINSSEN BOARD MEMBER 1.00
Director
$0 $0 $0
PHILIP APPELL BOARD MEMBER 1.00
Director
$0 $0 $0
RYAN WALSH BOARD MEMBER 1.00
Director
$0 $0 $0
MARTIN DROBIARZ Treasurer 1.00
Officer Director
$0 $0 $0
DAN WELCH BOARD MEMBER 1.00
Director
$0 $0 $0
BARRY O'NEIL Secretary 1.00
Officer Director
$0 $0 $0
JOSEPH CASTRO President 1.00
Officer 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 $940,943 $721,199 $4,035,333 $219,744
2024 $895,647 $697,826 $3,779,315 $197,821
2023 $1,320,437 $665,583 $3,408,356 $654,854
2022 $760,655 $608,735 $3,318,125 $151,920
2021 $638,251 $596,802 $3,231,966 $41,449
2020 $752,130 $596,700 $2,693,835 $155,430
2019 $674,011 $536,894 $2,603,834 $137,117
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