Tri-State Regional Ambulance Inc (EIN 391962965) - 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

1999

Legal Domicile

Phone

6086378884

Tax Period

2023-10-01 to 2024-09-30

Tri-State Regional Ambulance Inc, founded in 1999, is a community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $6.3M exceeded revenue, resulting in a 27% operating deficit.

Mission

TRI-STATE REGIONAL AMBULANCE, INC. PROVIDES HIGH QUALITY, LOW COST MEDICAL TRANSPORTATION SERVICES TO AND FROM MEDICAL APPOINTMENTS AND HOME AFTER A HOSPITAL DISCHARGE. IN ADDITION, TRI-STATE REGIONAL AMBULANCE PROVIDES PRE-HOSPITAL EMERGENCY CARE AND INTERFACILITY ADVANCE LIFE SUPPORT TRANSPORTATION.

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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 $108,483

Program Service Revenue $4,846,531

Investment Income $2,024

Other Revenue $0

TOTAL REVENUE $4,957,038

Expense Breakdown

Grants Paid $40,479

Salaries & Benefits $4,367,673

Fundraising Expenses $0

Program Expenses $6,093,292

Other Expenses $1,884,461

TOTAL EXPENSES $6,292,613

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,957,038	$3,028,116	+0.6%
Expenses	$6,292,613	$3,782,551	+0.7%
Net Income	$-1,335,575	$-754,435	+0.8%

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

$2,881,632

Total Directors

$1,528,957

Key Employees

$206,567

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN ERDMANN	BOARD OF DIRECTORS - SECRETARY/TREASURER	2.0	Officer Director	$0	$74,345	$484,221
MICHAEL MCKEE	BOARD OF DIRECTORS - PRESIDENT	2.0	Officer Director	$0	$70,085	$351,145
MIKEL POELLINGER	BOARD OF DIRECTORS - VICE PRESIDENT	2.0	Officer Director	$0	$0	$0
CHRISTOPHER EBERLEIN MD	BOARD OF DIRECTORS - MEMBER	2.0	Director	$0	$70,228	$468,781
KIM SMITH	BOARD OF DIRECTORS - MEMBER	2.0	Director	$0	$0	$0
THERESE BINFET	BOARD OF DIRECTORS - MEMBER	2.0	Director	$0	$47,892	$224,810
JOHN CEELEN	CHIEF FINANCIAL OFFICER, TREASURER (BEGIN 2/24)	2.0	Officer	$0	$0	$0
SCOTT RATHGABER MD	CHIEF EXECUTIVE OFFICER	2.0	Officer	$0	$68,728	$1,712,949
STEVE LITTLE	INTERIM CHIEF FINANCIAL OFFICER, TREASURER (THRU 2/24)	2.0	Officer	$0	$0	$333,317
THOMAS E TORNSTROM	ADMINISTRATIVE DIRECTOR	0.0	Key Emp	$0	$42,697	$206,567
GERALD OETZEL	FORMER CHIEF FINANCIAL OFFICER	0.0		$0	$18,108	$573,176

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	$4,957,038	$6,292,613	$4,182,968	$-1,335,575
2023	$3,028,116	$3,782,551	$3,227,714	$-754,435
2022	$2,695,967	$3,749,120	$2,235,756	$-1,053,153
2021	$2,192,778	$2,367,381	$1,164,152	$-174,603
2020	$1,952,228	$2,258,391	$1,162,572	$-306,163
2019	$2,234,427	$2,410,488	$1,165,296	$-176,061
2018	$2,165,881	$2,445,900	$1,205,215	$-280,019

Tri-State Regional Ambulance Inc