Rocky Hill Volunteer Ambulance Asso (EIN 237402112) - 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

Bryant Goodrich

Tax Period

2023-05-01 to 2024-04-30

Rocky Hill Volunteer Ambulance Asso, founded in 1973, is a small nonprofit in the Health Care sector that reported $427K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $403K left a modest 6% surplus.

Mission

Providing emergency medical services to the Rocky Hill, CT community in general, including paramedic emergency services.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $417,868

Investment Income $9,192

Other Revenue $0

TOTAL REVENUE $427,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,800

Fundraising Expenses $0

Program Expenses $377,081

Other Expenses $283,668

TOTAL EXPENSES $402,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$427,060	$341,806	+0.2%
Expenses	$402,615	$397,865	+0.0%
Net Income	$24,445	$-56,059	-1.4%

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

N/A

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

$78,800

Total Directors

$57,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryant Goodrich	President	30.00	Officer Director	$26,000	$0	$26,000
Cheryl-Ann Buckley	Assistant Chief of Operations	30.00	Officer	$21,550	$0	$21,550
Nancy A Mayeda-Brescia	Deputy Chief of Finance	30.00	Officer Director	$21,050	$0	$21,050
Kimberly Ricci	SecretaryDeputy Chief-Operat	30.00	Officer Director	$10,200	$0	$10,200

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	$427,060	$402,615	$1,440,012	$24,445
2023	$341,806	$397,865	$1,411,787	$-56,059
2022	$425,653	$429,608	$1,415,256	$-3,955
2021	$482,051	$408,719	$1,178,802	$73,332
2020	$515,909	$427,044	$1,126,563	$88,865
2019	$449,450	$409,352	$1,060,897	$40,098

Rocky Hill Volunteer Ambulance Asso