LAKE MILLS EMERGENCY MEDICAL SERVICES (EIN 391248043) - 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

1974

Legal Domicile

Principal Officer

DEREK BLOOMGREN

Tax Period

2023-07-01 to 2024-06-30

LAKE MILLS EMERGENCY MEDICAL SERVICES, founded in 1974, is a small nonprofit that reported $538K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $315K, a strong 59% operating margin.

Mission

TO PROVIDE QUALITY LIFE SUSTAINING EMERGENCY MEDICAL SERVICES TO THE RESIDENTS OF THE CITY OF LAKE MILLS AND THE SURROUNDING AREAS

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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 $58,742

Program Service Revenue $87,242

Investment Income $392,035

Other Revenue $0

TOTAL REVENUE $538,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $78,604

Fundraising Expenses $0

Program Expenses $203,589

Other Expenses $144,004

TOTAL EXPENSES $222,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$538,019	$639,057	-0.2%
Expenses	$222,608	$519,985	-0.6%
Net Income	$315,411	$119,072	+1.6%

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

$58,654

Total Directors

$58,654

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Derek Blomgren	TREASURER	010.00	Officer Director	$19,786	$0	$19,786
Thomas Murphy	PRESIDENT	010.00	Officer Director	$18,151	$0	$18,151
Tirri Goodrich	SECRETARY	010.00	Officer Director	$13,901	$0	$13,901
James Colegrove	VICE PRESIDENT	010.00	Officer Director	$6,816	$0	$6,816
Timothy Johnston	DIRECTOR	002.00	Director	$0	$0	$0
Brian Conrad	DIRECTOR	002.00	Director	$0	$0	$0
Wesley Dawson	DIRECTOR	002.00	Director	$0	$0	$0
DR Steven Fahsel	DIRECTOR	002.00	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	$538,019	$222,608	No data	$315,411
2023	$639,057	$519,985	$505,057	$119,072
2022	$474,137	$478,810	$385,985	$-4,673
2021	$514,485	$460,143	$390,658	$54,342
2019	$434,005	$514,504	$399,959	$-80,499

LAKE MILLS EMERGENCY MEDICAL SERVICES