MICHIGAN AREA AMBULANCE SERVICE INC (EIN 363417532) - 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

1988

Legal Domicile

Principal Officer

LUKE LILLEHAUGEN

Phone

2187790960

Tax Period

2024-01-01 to 2024-12-31

MICHIGAN AREA AMBULANCE SERVICE INC, founded in 1988, is a small nonprofit in the Health Care sector that reported $247K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

PROVIDE RURAL AMBULANCE SERVICE TO SEVERAL COMMUNITIES AND PROVIDE TRAINING IN THE AREAS OF SAFETY AND EMERGENCY SERVICES TO AMBULANCE SERVICE STAFF AND THE GENERAL PUBLIC.

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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 $168,075

Program Service Revenue $76,728

Investment Income $10

Other Revenue $2,568

TOTAL REVENUE $247,381

Expense Breakdown

Grants Paid $0

Salaries & Benefits $210,662

Fundraising Expenses $0

Program Expenses $250,472

Other Expenses $39,810

TOTAL EXPENSES $250,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$247,381	$191,304	+0.3%
Expenses	$250,472	$232,827	+0.1%
Net Income	$-3,091	$-41,523	-0.9%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COLLEEN ANDERSON	SECRETARY/TR	5.00	Director	$0	$0	$0
BETH DONAGHY	DIRECTOR	5.00	Director	$0	$0	$0
LUKE LILLEHAUGEN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MELISSA RADER	DIRECTOR	5.00	Director	$0	$0	$0
KEVIN SUNDRE	VICE-PRESIDE	5.00	Officer 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	$247,381	$250,472	$76,029	$-3,091
2022	$240,414	$186,229	$119,063	$54,185

MICHIGAN AREA AMBULANCE SERVICE INC