SONCO AMBULANCE INC (EIN 382967523) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

WILLIAM WITT

Phone

9068273598

Tax Period

2024-07-01 to 2025-06-30

SONCO AMBULANCE INC, founded in 1995, is a community nonprofit in the Public Safety sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $527K, a strong 43% operating margin.

Mission

TO PROVIDE AMBULANCE SERVICE TO RURAL AREAS IN ONTONAGON COUNTY, MICHIGAN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,764

Program Service Revenue $472,668

Investment Income $4,019

Other Revenue $732,784

TOTAL REVENUE $1,214,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $366,489

Fundraising Expenses $0

Program Expenses $642,070

Other Expenses $321,096

TOTAL EXPENSES $687,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,214,235	$779,457	+0.6%
Expenses	$687,585	$641,390	+0.1%
Net Income	$526,650	$138,067	+2.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER HAAPALA	TRUSTEE	N/A	Director	$0	$0	$0
JIM HICKS	TRUSTEE	N/A	Director	$0	$0	$0
LEE ANNE JESSUP	TREASURER	N/A	Officer Director	$0	$0	$0
JAMES MILES	TRUSTEE	N/A	Director	$0	$0	$0
CHRISTINE RAISANEN	SECRETARY	N/A	Officer Director	$0	$0	$0
JOHN STRASSER	TRUSTEE	N/A	Director	$0	$0	$0
BARB URBIS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
WILLIAM WITT	PRESIDENT	N/A	Officer 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
2025	$1,214,235	$687,585	$1,937,042	$526,650
2024	No data	No data	No data	No data
2023	$655,747	$609,128	$1,261,658	$46,619
2022	$653,231	$573,972	$1,207,372	$79,259
2021	$654,135	$606,110	$1,128,113	$48,025
2020	$502,950	$556,214	$1,080,088	$-53,264
2019	$448,486	$501,755	$1,133,352	$-53,269
2018	$513,922	$373,826	$1,186,621	$140,096

SONCO AMBULANCE INC