LIFECARE AMBULANCE (EIN 382441192) - 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

1983

Legal Domicile

Principal Officer

RONALD SLAGELL

Phone

7344776289

Tax Period

2024-07-01 to 2025-06-30

LIFECARE AMBULANCE, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $17.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HIGH-QUALITY EMERGENCY MEDICAL AND TRANSPORTATION SERVICES TO THE COMMUNITIES IN SOUTHERN MICHIGAN.

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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 $127,783

Program Service Revenue $16,758,887

Investment Income $105,661

Other Revenue $1,930

TOTAL REVENUE $16,994,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,199,343

Fundraising Expenses $0

Program Expenses $14,936,607

Other Expenses $6,735,712

TOTAL EXPENSES $16,935,055

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,994,261	$15,067,108	+0.1%
Expenses	$16,935,055	$15,709,690	+0.1%
Net Income	$59,206	$-642,582	-1.1%

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

N/A

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

$467,437

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY HERMEN	TRUSTEE	1.00	Director	$0	$0	$0
THERESA L DAWSON	TRUSTEE	1.00	Director	$0	$0	$0
HAL FISHER	TRUSTEE	1.00	Director	$0	$0	$0
WYHOMME S MATTHEWS	TRUSTEE	1.00	Director	$0	$0	$0
SHANNON D BAGLEY	TRUSTEE	1.00	Director	$0	$0	$0
TIM GOERGEN	TRUSTEE	1.00	Director	$0	$0	$0
KENDRA DANIELSEN	TRUSTEE	1.00	Director	$0	$0	$0
SHIANDREA PITTS	TRUSTEE	1.00	Director	$0	$0	$0
CONNIE J WINBIGLER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
LAURA SUTTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHUCK LILLIS	CHAIR	1.00	Officer Director	$0	$0	$0
RONALD SLAGELL	CEO	1.00	Officer	$0	$57,187	$467,437

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
2025	$16,994,261	$16,935,055	$10,002,393	$59,206
2024	No data	No data	No data	No data
2023	$13,842,963	$14,047,003	$11,043,383	$-204,040
2022	$12,638,055	$12,884,078	$11,328,905	$-246,023
2021	$11,685,228	$12,881,063	$10,682,817	$-1,195,835
2020	$12,495,288	$13,190,698	$11,226,306	$-695,410
2019	$13,151,447	$13,209,689	$11,492,872	$-58,242

LIFECARE AMBULANCE