MUTUAL AID AMBULANCE SERVICE INC (EIN 251191386) - 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

1968

Legal Domicile

Principal Officer

WILLIAM PANASITI

Phone

7248376134

Tax Period

2023-01-01 to 2023-12-31

MUTUAL AID AMBULANCE SERVICE INC, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $25.0M in total revenue in fiscal year 2023.

Mission

AMBULANCE TRANSPORTATION AND VAN TRANSPORT

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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 $4,512,820

Program Service Revenue $19,150,590

Investment Income $1,262,256

Other Revenue $91,141

TOTAL REVENUE $25,016,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,145,368

Fundraising Expenses $0

Program Expenses $24,771,899

Other Expenses $7,841,748

TOTAL EXPENSES $25,987,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,016,807	$26,319,014	0.0%
Expenses	$25,987,116	$27,158,977	0.0%
Net Income	$-970,309	$-839,963	+0.2%

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

310

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

$129,429

Total Directors

$35,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS FREEMAN	VICE PRESIDENT	4.00	Officer Director	$3,625	$0	$3,625
WILLIAM PANASITI	PRESIDENT	6.00	Officer Director	$2,825	$0	$2,825
ROBERT REESE	TREASURER	2.00	Officer Director	$2,000	$0	$2,000
ELIZABETH CRAGO	BOARD MEMBER	1.00	Director	$2,750	$0	$2,750
LESTER HARVEY	BOARD MEMBER	1.00	Director	$3,625	$0	$3,625
JERRY GALES	BOARD MEMBER	1.00	Director	$3,000	$0	$3,000
PAUL ZIMAN	SECRETARY	2.00	Officer Director	$3,625	$0	$3,625
MAURICE HAAS	BOARD MEMBER	1.00	Director	$3,500	$0	$3,500
ROBERT CAMMARATA	BOARD MEMBER	1.00	Director	$3,000	$0	$3,000
WILLIAM JENKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY PERRY	BOARD MEMBER	1.00	Director	$2,625	$0	$2,625
FRANK KAPR	BOARD MEMBER	1.00	Director	$2,000	$0	$2,000
LEE KLINE	BOARD MEMBER	1.00	Director	$3,125	$0	$3,125
EUGENE KOMONDOR	CEO	40.00	Officer	$110,994	$6,360	$117,354
AMANDA BERNARD	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$110,651	$23,967	$134,618
DANIEL MERTZ	DEPUTY DIRECTOR OF OPERATIONS	40.00	Highest	$100,801	$23,924	$124,725
ROBERT NOONAN	DISTRICT CHIEF	40.00	Highest	$104,862	$8,022	$112,884
DEAN PETRILLO	PARAMEDIC	40.00	Highest	$100,395	$23,382	$123,777

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	No data	No data	No data	No data
2023	$25,016,807	$25,987,116	$42,748,305	$-970,309
2023	$25,028,344	$27,786,484	$42,586,388	$-2,758,140
2022	$20,741,985	$26,648,495	$38,247,746	$-5,906,510
2022	$26,319,014	$27,158,977	$43,313,662	$-839,963
2021	$14,449,938	$19,615,058	$44,444,924	$-5,165,120
2021	$15,155,292	$23,843,540	$49,278,643	$-8,688,248
2021	$14,418,931	$19,615,058	$44,413,918	$-5,196,127
2020	$14,902,156	$18,017,344	$55,851,806	$-3,115,188
2019	$16,304,260	$14,414,038	$56,968,477	$1,890,222

MUTUAL AID AMBULANCE SERVICE INC