HILLSBORO AREA AMBULANCE SERVICE INC

EIN: 370988121 501(c)(3)

HILLSBORO, IL

Total Revenue
$957,071
Total Expenses
$1,195,476
Total Assets
$1,363,732
Net Assets
$1,363,732
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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
1974
Legal Domicile
IL
Tax Period
2022-12-01 to 2023-11-30

HILLSBORO AREA AMBULANCE SERVICE INC, founded in 1974, is a small nonprofit that reported $957K in total revenue in fiscal year 2022. Expenses of $1.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

THE SERVICES PURPOSE IS TO OPERATE AN AMBULANCE SYSTEM IN HILLSBORO ILLINOIS AND TO PROVIDE ASSISTANCE WITH AMBULANCE SERVICE TO THE SURROUNDING COMMUNITIES

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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 (2022)

Revenue Breakdown

Contributions & Grants $100
Program Service Revenue $937,368
Investment Income $14,100
Other Revenue $5,503
TOTAL REVENUE $957,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $797,790
Fundraising Expenses $0
Program Expenses $1,065,466
Other Expenses $397,686
TOTAL EXPENSES $1,195,476

Year-over-Year Comparison

2022 2021 Change
Revenue $957,071 $925,648 +0.0%
Expenses $1,195,476 $1,115,489 +0.1%
Net Income $-238,405 $-189,841 +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
7
Independent Members
7
Employees
26
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
1
$89,979
Total Directors
7
$0
Key Employees
1
$89,979
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA SCHMEDEKE SECRETARYTREASURER 40.00
Officer Key Emp
$89,979 $0 $89,979
DAVE SCHLUCKEBIER DIRECTOR 0.00
Director
$0 $0 $0
TOM ANDERSON DIRECTOR 0.00
Director
$0 $0 $0
CAROL BOOHER DIRECTOR 0.00
Director
$0 $0 $0
BRAUNDA HOPWOOD DIRECTOR 0.00
Director
$0 $0 $0
STEVE CULLISON PRESIDENT 0.00
Director
$0 $0 $0
GUY SHERIDAN VICE PRESIDENT 0.00
Director
$0 $0 $0
TODD DEAN DIRECTOR 0.00
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 No data No data No data No data
2023 $957,071 $1,195,476 $1,363,732 $-238,405
2022 $925,648 $1,115,489 $1,602,137 $-189,841
2021 $1,077,209 $1,093,071 $1,791,978 $-15,862
2020 $1,021,357 $957,822 $1,929,830 $63,535
2019 $861,819 $980,180 $1,744,370 $-118,361
2018 $881,108 $952,428 $1,862,756 $-71,320
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