NORTH WAYNE AMBULANCE SERVICE (EIN 371088978) - 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

1980

Legal Domicile

Principal Officer

VICKIE MUGRAGE

Phone

6185164284

Tax Period

2023-01-01 to 2023-12-31

NORTH WAYNE AMBULANCE SERVICE, founded in 1980, is a small nonprofit in the Health Care sector that reported $192K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 18% operating margin.

Mission

OPERATION OF A NON-PROFIT AMBULANCE SERVICE

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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 (2023)

Revenue Breakdown

Contributions & Grants $158,556

Program Service Revenue $32,533

Investment Income $18

Other Revenue $1,380

TOTAL REVENUE $192,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,462

Fundraising Expenses $0

Program Expenses $143,866

Other Expenses $63,268

TOTAL EXPENSES $157,730

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,487	$450,286	-0.6%
Expenses	$157,730	$382,101	-0.6%
Net Income	$34,757	$68,185	-0.5%

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

$22,897

Total Directors

$4,062

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKY MUGRAGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM CHAPMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY KARR	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE HOSSELTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN REED	SECRETARY/TREASURER	1.00	Officer Director	$4,062	$0	$4,062
CONNIE FORTH	DIRECTOR	1.00	Director	$0	$0	$0
JOEY ALLISON	DIRECTOR	1.00	Director	$0	$0	$0
JAN BURROUGHS	SEC/TREAS ASST COORDINATOR	40.00	Officer	$18,835	$0	$18,835

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	$192,487	$157,730	$144,479	$34,757
2022	$450,286	$382,101	$143,598	$68,185
2021	$417,860	$371,290	$132,800	$46,570
2020	$185,869	$293,789	$44,447	$-107,920

NORTH WAYNE AMBULANCE SERVICE