CONNEAUT LAKE AREA AMBULANCE SERVICE

EIN: 251314860

CONNEAUT LAKE, PA

Total Revenue
$561,228
Total Expenses
$552,568
Total Assets
$551,463
Net Assets
$541,982
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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
PA
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.

Program Service Accomplishments

Program 1
Expenses: $487,765 Revenue: $463,759

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%)

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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

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Governance

Voting Members
6
Independent Members
5
Employees
28
Volunteers
5

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
2
$77,410
Total Directors
5
$77,410
Key Employees
0
$0
Highest Compensated
0
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
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