CONNEAUT LAKE AREA AMBULANCE SERVICE (EIN 251314860) - 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

1977

Legal Domicile

Principal Officer

MADEIRA PARASKOS

Phone

8143821133

Tax Period

2024-01-01 to 2024-12-31

CONNEAUT LAKE AREA AMBULANCE SERVICE, founded in 1977, is a small nonprofit that reported $561K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

TO PROVIDE AMBULANCE SERVICES TO MEMBERS AND THOSE INDIVIDUALS IN THE DESIGNATED COVERAGE AREA

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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 $68,752

Program Service Revenue $463,759

Investment Income $28,717

Other Revenue $0

TOTAL REVENUE $561,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,745

Fundraising Expenses $0

Program Expenses $487,765

Other Expenses $219,823

TOTAL EXPENSES $552,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$561,228	$660,569	-0.2%
Expenses	$552,568	$647,428	-0.1%
Net Income	$8,660	$13,141	-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

$77,410

Total Directors

$77,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN LORENO	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JAY PARKER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PERFETT	DIRECTOR	1.00	Director	$0	$0	$0
MADEIRA PARASKOS	DIRECTOR OF OPERATIONS	75.00	Officer Director	$77,410	$0	$77,410
SHEILA CARMEN	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	$561,228	$552,568	$551,463	$8,660
2023	$660,569	$647,428	$554,184	$13,141
2022	$660,976	$643,978	$513,304	$16,998
2021	$791,253	$640,383	$559,380	$150,870
2020	$642,720	$632,066	$458,575	$10,654
2019	$546,309	$576,042	$325,438	$-29,733
2018	$570,249	$548,768	$343,479	$21,481

CONNEAUT LAKE AREA AMBULANCE SERVICE