WOLCOTT VOLUNTEER AMBULANCE ASSOC INC (EIN 237450981) - 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

WILLIAM BARRATT

Phone

2038794122

Tax Period

2023-07-01 to 2024-06-30

WOLCOTT VOLUNTEER AMBULANCE ASSOC INC, founded in 1973, is a community nonprofit in the Health Care sector that reported $3.3M in total revenue in fiscal year 2023.

Mission

VOLUNTEER AMBULANCE ASSOCIATION THAT PROVIDES EMT SERVICES IN WOLCOTT, CT

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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 $2,205,693

Program Service Revenue $1,082,397

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,288,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,957,407

Fundraising Expenses $6,191

Program Expenses $2,726,508

Other Expenses $1,405,478

TOTAL EXPENSES $3,362,885

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,288,090	$3,132,652	+0.0%
Expenses	$3,362,885	$3,117,493	+0.1%
Net Income	$-74,795	$15,159	-5.9%

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

$299,310

Total Directors

$733,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRATT WILLIAM	CHIEF	050.00	Officer Director	$119,560	$0	$119,560
NORVILLE RACHEL	CAPTAIN	040.00	Director	$97,141	$0	$97,141
KAMINSKI PETER	DEPUTY CHIEF	050.00	Officer Director	$91,930	$0	$91,930
O'DONNELL JASON	LIEUTENANT	040.00	Director	$91,589	$0	$91,589
ALBERT ANDREW	DEPUTY CHIEF	050.00	Officer Director	$87,820	$0	$87,820
SKELLY DANIEL	LIEUTENANT	040.00	Director	$85,209	$0	$85,209
BEGLEY JOHN	LIEUTENANT	040.00	Director	$81,667	$0	$81,667
O'DEA JOHN	LIEUTENANT	032.00	Director	$64,045	$0	$64,045
TROMPETER MARK	CAPTAIN	008.00	Director	$14,347	$0	$14,347
CLEARY DENNIS JR	BOARD MEMBER	002.00	Director	$0	$0	$0
HUNT DAVID	LIEUTENANT	002.00	Officer Director	$0	$0	$0
SAVAGE STEVEN	BOARD MEMBER	002.00	Director	$0	$0	$0
SKERRITT JOSEPH JR	ASSISTANT CHIEF	002.00	Officer Director	$0	$0	$0
VALENTI CARA	LIEUTENANT	002.00	Director	$0	$0	$0
YENO PAUL	CAPTAIN/TREASURER	002.00	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	No data	No data	No data	No data
2024	$3,288,090	$3,362,885	$769,447	$-74,795
2023	$3,132,652	$3,117,493	$812,777	$15,159
2022	$2,805,832	$2,671,394	$805,073	$134,438
2021	$2,287,711	$2,367,437	$821,248	$-79,726
2020	$2,390,176	$2,274,642	$802,581	$115,534
2019	$1,864,761	$2,003,844	$672,116	$-139,083

WOLCOTT VOLUNTEER AMBULANCE ASSOC INC