BAY AMBULANCE INC

EIN: 381912383 501(c)(3) Health Care

BARAGA, MI

Total Revenue
$1,269,902
Total Expenses
$1,330,590
Total Assets
$1,742,009
Net Assets
$1,714,905
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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
1968
Legal Domicile
MI
Principal Officer
GARY WADAGA
Phone
9063536196
Tax Period
2024-01-01 to 2024-12-31

BAY AMBULANCE INC, founded in 1968, is a community nonprofit in the Health Care sector that reported $1.3M in total revenue in fiscal year 2024.

Mission

To establish, maintain, promote and conduct ambulance and Emergency Medical Services.

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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 $121,864
Program Service Revenue $1,146,162
Investment Income $376
Other Revenue $1,500
TOTAL REVENUE $1,269,902

Expense Breakdown

Grants Paid $0
Salaries & Benefits $699,260
Fundraising Expenses $0
Program Expenses $1,124,583
Other Expenses $631,330
TOTAL EXPENSES $1,330,590

Year-over-Year Comparison

2024 2023 Change
Revenue $1,269,902 $1,311,500 0.0%
Expenses $1,330,590 $1,130,938 +0.2%
Net Income $-60,688 $180,562 -1.3%
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
10
Independent Members
10
Employees
45
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
4
$151,581
Total Directors
10
$151,581
Key Employees
1
$151,581
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY WADAGA Executive Director/Secretary 040.00
Officer Director Key Emp Highest
$124,601 $26,980 $151,581
CORY FRISK President 001.00
Officer Director
$0 $0 $0
CHRISTOPHER WIGGINS Treasurer 001.00
Officer Director
$0 $0 $0
JAMES SOLI Vice President 001.00
Officer Director
$0 $0 $0
RYAN MCGAHAN Director 001.00
Director
$0 $0 $0
SHELLEY LLOYD Director 001.00
Director
$0 $0 $0
CARL RASANEN Director 001.00
Director
$0 $0 $0
KATHY MAYO Director 001.00
Director
$0 $0 $0
MARY DEE SHANAHAN Director 001.00
Director
$0 $0 $0
MATT ROBISON Director 001.00
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 $1,269,902 $1,330,590 $1,742,009 $-60,688
2023 $1,311,500 $1,130,938 $1,809,553 $180,562
2022 $959,888 $947,204 $1,613,152 $12,684
2021 $1,191,978 $891,641 $1,608,174 $300,337
2020 $965,572 $896,177 $1,318,199 $69,395
2019 $851,012 $823,100 $1,223,516 $27,912
2018 $829,791 $863,206 $1,204,960 $-33,415
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