Portage Area Ambulance Association (EIN 251220659) - 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

1948

Legal Domicile

Principal Officer

Charles Rimini

Phone

8147364358

Tax Period

2024-01-01 to 2024-12-31

Portage Area Ambulance Association, founded in 1948, is a small nonprofit in the Health Care sector that reported $474K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $613K exceeded revenue, resulting in a 30% operating deficit.

Mission

Medical assistance and ambulance transportation

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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 (2024)

Revenue Breakdown

Contributions & Grants $105,076

Program Service Revenue $345,642

Investment Income $22,961

Other Revenue $0

TOTAL REVENUE $473,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $417,033

Fundraising Expenses $0

Program Expenses $599,538

Other Expenses $196,396

TOTAL EXPENSES $613,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,679	$659,154	-0.3%
Expenses	$613,429	$859,300	-0.3%
Net Income	$-139,750	$-200,146	-0.3%

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

$2,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Shunick	President	25.00	Officer Director	$0	$0	$0
Matthew Decort	Treasurer	10.00	Director	$0	$0	$0
Matthew Decort	Secretary	10.00	Officer Director	$0	$0	$0
Ken Crum	Board Member	5.00	Officer Director	$0	$0	$0
Charles Rimini	Board Member	20.00	Director	$2,695	$0	$2,695
Pauline Minor	Board Member	5.00	Director	$0	$0	$0
Nancy Sherbine	Board Member	5.00	Director	$0	$0	$0
Ray Kargo	Board Member	5.00	Director	$0	$0	$0
Ken Crum	Board Member	5.00	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	$473,679	$613,429	$218,541	$-139,750
2023	$659,154	$859,300	$395,073	$-200,146
2022	$583,308	$720,984	$575,460	$-137,676
2021	$818,188	$686,095	$763,275	$132,093
2020	$801,749	$607,427	$663,086	$194,322
2019	$547,397	$679,193	$483,513	$-131,796
2018	$631,554	$590,417	$558,164	$41,137

Portage Area Ambulance Association