SOMERSET AREA AMBULANCE ASSOCIATION (EIN 251159185) - 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

1966

Legal Domicile

Principal Officer

EUGENE L GALENTINE

Phone

8144456141

Tax Period

2023-08-01 to 2024-07-31

SOMERSET AREA AMBULANCE ASSOCIATION, founded in 1966, is a community nonprofit in the Health Care sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 9% surplus.

Mission

EMERGENCY & NON-EMERGENCY AMBULANCE TRANSPORT FOR MEMBERS AND THE GENERAL PUBLIC.

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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 $373,949

Program Service Revenue $3,395,230

Investment Income $70,491

Other Revenue $41,299

TOTAL REVENUE $3,880,969

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,519,587

Fundraising Expenses $39,098

Program Expenses $3,094,081

Other Expenses $998,555

TOTAL EXPENSES $3,518,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,880,969	$3,434,343	+0.1%
Expenses	$3,518,142	$3,209,293	+0.1%
Net Income	$362,827	$225,050	+0.6%

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

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
EUGENE L GALENTINE	PRESIDENT	4.00	Officer Director	$0	$0	$0
FRED BEERS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JOALYCE KOPINSKI	TREASURER	2.00	Officer Director	$0	$0	$0
RAY GRANT	SECRETARY	2.00	Officer Director	$0	$0	$0
ETTA KAY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
BILL BARLOW	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MATASSA	DIRECTOR	1.00	Director	$0	$0	$0
LEANN KALTENBAUGH	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LINDBERG	DIRECTOR	1.00	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
2024	$3,880,969	$3,518,142	$3,856,297	$362,827
2023	$3,434,343	$3,209,293	$3,190,485	$225,050
2022	$3,058,962	$2,695,890	$2,780,103	$363,072
2021	$2,698,531	$2,253,432	$2,541,364	$445,099
2020	$2,465,517	$2,132,260	$2,031,424	$333,257
2019	$2,254,723	$2,165,486	$1,542,860	$89,237
2018	$2,229,516	$2,046,954	$1,506,325	$182,562

SOMERSET AREA AMBULANCE ASSOCIATION