MEDSTAR INC

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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

1992

Legal Domicile

Principal Officer

KOLBY MILLER

Phone

5864686510

Tax Period

2025-01-01 to 2025-12-31

MEDSTAR INC, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $86.7M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $81.2M left a modest 6% surplus.

Mission

AS A NON-PROFIT COMMUNITY SERVICE, MEDSTAR STRIVES TO DELIVER THE HIGHEST QUALITY PATIENT CARE, SERVICE, AND EDUCATION THROUGH OUR COMMITMENT TO COMPASSION, INTEGRITY, AND TEAMWORK.

Program Service Accomplishments

Program 1

Expenses: $74,418,211 Revenue: $86,366,227

PROVIDED AMBULANCE SERVICES AND NON-EMERGENCY MEDICAL TRANSPORTATION SERVICES TO THE COMMUNITIES AND INSTITUTIONS WE SERVE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $319,370

Program Service Revenue $86,366,227

Investment Income $8,793

Other Revenue $-13,819

TOTAL REVENUE $86,680,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,453,350

Fundraising Expenses $0

Program Expenses $74,418,211

Other Expenses $29,716,887

TOTAL EXPENSES $81,170,237

Year-over-Year Comparison

	2025	2024	Change
Revenue	$86,680,571	$79,474,237	+0.1%
Expenses	$81,170,237	$77,826,198	+0.0%
Net Income	$5,510,334	$1,648,039	+2.3%

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

Governance

Voting Members

Independent Members

Employees

978

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

$874,177

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID SHEPHERD	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
ROBERT CANNON	SECRETARY	1.00	Officer Director	$0	$0	$0
BART BUXTON	MEMBER	1.00	Director	$0	$0	$0
CHARLES ANDERSON	MEMBER	1.00	Director	$0	$0	$0
DOUGLAS BLATT	MEMBER	1.00	Director	$0	$0	$0
DR JOHN DELEDDA	MEMBER	1.00	Director	$0	$0	$0
KEVIN GRADY	MEMBER	1.00	Director	$0	$0	$0
ERIC WALLS	MEMBER	1.00	Director	$0	$0	$0
CHAD GRANT	MEMBER	1.00	Director	$0	$0	$0
KOLBY MILLER	CEO	50.00	Officer	$505,071	$123,476	$628,547
LALAINIA BUDZYNOWSKI	VP OF FINANC	50.00	Officer	$218,331	$27,299	$245,630
KEVIN WILKINSON	VP HEALTHCAR	50.00	Highest	$207,822	$55,552	$263,374
SUSAN BURGHARDT	VP OF CLINIC	50.00	Highest	$203,692	$48,188	$251,880
JOSEPH MCHARDY	PARAMEDIC	90.00	Highest	$187,193	$9,859	$197,052
STEPHANIE LUMETTA	PARAMEDIC	75.00	Highest	$189,383	$11,750	$201,133
TIMOTHY DOW	PARAMEDIC	75.00	Highest	$169,330	$1,490	$170,820

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	$86,680,571	$81,170,237	$45,137,357	$5,510,334
2024	$79,474,237	$77,826,198	$42,639,250	$1,648,039
2023	$73,676,499	$77,587,300	$43,837,356	$-3,910,801
2022	$65,963,500	$64,822,283	$40,641,204	$1,141,217
2021	$63,042,020	$58,497,603	$36,783,651	$4,544,417
2020	$48,743,880	$47,079,718	$33,424,256	$1,664,162
2019	$38,404,776	$36,385,187	$28,699,373	$2,019,589
2018	$33,689,610	$31,897,540	$21,568,848	$1,792,070