ELY AREA AMBULANCE SERVICE (EIN 262572853) - 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

2008

Legal Domicile

Phone

2182358489

Tax Period

2024-01-01 to 2024-12-31

ELY AREA AMBULANCE SERVICE, founded in 2008, is a small nonprofit in the Human Services sector that reported $797K in total revenue in fiscal year 2024. The organization ran a surplus of $158K, a strong 20% operating margin.

Mission

PROVIDES EMERGENCY MEDICAL SERVICES VIA AN AMBULANCE TO THE SICK AND INJURED IN OUR PRIMARY SERVICE AREA WHICH INCLUDES THE CITY OF ELY & WINTON MN, AND THE TOWNSHIP OF FALL LAKE., LAKE COUNTY MN AND THE TOWNSHIP OF MORSE, SAINT LOUIS COUNTY MN, AS WELL AS UNORGANIZED TOWNSHIPS.

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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 $327,991

Program Service Revenue $580,162

Investment Income $0

Other Revenue $-110,961

TOTAL REVENUE $797,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $468,160

Fundraising Expenses $0

Program Expenses $617,246

Other Expenses $171,330

TOTAL EXPENSES $639,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$797,192	N/A	N/A
Expenses	$639,490	N/A	N/A
Net Income	$157,702	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
DUSTIN MORAVITZ	EXECUTIVE DIRECTOR	Officer	$0	$0	$0
JOE BALTICH	PRESIDENT	Officer	$0	$0	$0
SCOTT KELLERMAN	SECRETARY	Officer	$0	$0	$0
ROBERT BERRINI	VICE PRESIDENT	Officer	$0	$0	$0
MARY ANN SMITH	DIRECTOR	Officer	$0	$0	$0
ROD GRUBA	DIRECTOR	Officer	$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	$797,192	$639,490	$159,345	$157,702
2023	$725,743	$699,321	$56,665	$26,422
2022	$489,043	$723,440	$29,104	$-234,397
2021	$672,059	$810,988	$263,488	$-138,929
2020	$670,444	$690,481	$405,722	$-20,037
2018	$440,528	$678,971	$498,330	$-238,443

ELY AREA AMBULANCE SERVICE