LA CROSSE, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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. IN 2021, ALL TSRA EMPLOYEES TRANSFERRED TO GUNDERSEN 12/31/2021. EXPANSION PROJECT STARTED AT TSRA IN WHICH TWO ADDITIONAL LOCATIONS WILL BE ADDED. AN ASSUMED NAME (DBA) WAS CREATED UNDER TSRA AS GUNDERSEN HEALTH SYSTEM AMBULANCE (IN DECEMBER). IN 2023, TRI-STATE REGIONAL AMBULANCE HAD 2,257 TRANSPORTS, 17 STANDBYS, 481 NON-TRANSPORTS, AND 2,755 TOTAL CALLS WITH 12 AMBULANCES. IN 2023, EXPANDED OUR NUMBER OF LOCATIONS IN ORDER TO BETTER PROVIDE AMBULANCE SERVICES TO RURAL AND UNDERSERVED HOSPITALS. THIS EXPANSION IS COSTLY BUT HAS DRAMATICALLY REDUCED PATIENT WAIT TIMES AND HELPED ENSURE PATIENTS WERE CARED FOR PROPERLY DURING TRANSPORT. SUCCESSFULLY CREATED A PARAMEDIC TRAINEE PROGRAM WITH NEAR 100% GRADUATION RATES. IN 2024, COMPLETED OUR SECOND YEAR OF OFFERING THE PARAMEDIC TRAINEE PROGRAM, THIS PROGRAM CONTRACTED WITH THE LOCAL TECHNICAL COLLEGE TO PROVIDE FULL-TIME PARAMEDIC EDUCATION TO 4 OF FOUR EMTS. THESE EMTS WERE HIRED INTO THESE ROLES WITH THEIR MAIN FUNCTION TO BE FULL-TIME STUDENTS AND COMPLETE THEIR EDUCATION. THE PROGRAM WAS VERY SUCCESSFUL, BUT COSTLY. TRI-STATE REGIONAL AMBULANCE HAS COMPLETED THE CAAS REACCREDITATION, HIGH STAFF 12-MONTH RETENTION RATES IN THE LOW 90%S.
TRI-STATE REGIONAL AMBULANCE PROVIDES PRIMARY EMERGENCY 911 RESPONSE AS WELL AS EMERGENCY AND NON-EMERGENCY INTERFACILITY TRANSPORT AND INTERCEPT SERVICES. TRI-STATE REGIONAL AMBULANCE, INC. UTILIZED...
TRI-STATE REGIONAL AMBULANCE PROVIDES PRIMARY EMERGENCY 911 RESPONSE AS WELL AS EMERGENCY AND NON-EMERGENCY INTERFACILITY TRANSPORT AND INTERCEPT SERVICES. TRI-STATE REGIONAL AMBULANCE, INC. UTILIZED 12 AMBULANCES, 18 PARAMEDICS, AND 21 EMT'S TO MAKE APPROXIMATELY 3,410 TRANSPORTS IN 2024 USING ADVANCED MEDICAL PROTOCOLS. WE SEND ECG'S OR ELECTROCARDIOGRAMS TO THE HOSPITALS VIA THE INTERNET TO SPEED UP THE TREATMENT OF HEART ATTACK VICTIMS. TELEHEALTH WAS INTEGRATED ALLOWING SPECIALISTS TO PARTICIPATE IN VIRTUAL CARE IN MOVING AMBULANCE. IN 2024, TRI-STATE REGIONAL HAD 22 STANDBYS, 479 NON-TRANSPORTS, AND 4,030 TOTAL CALLS.
PROVIDE NON-EMERGENCY MEDICAL TRANSPORTATION TO INDIVIDUALS NEEDING SPECIALIZED VEHICLES AND/OR ASSISTANCE. THE ORGANIZATION CONTINUED TO PROVIDE SERVICES TO LA CROSSE, MONROE, VERNON, RICHLAND...
PROVIDE NON-EMERGENCY MEDICAL TRANSPORTATION TO INDIVIDUALS NEEDING SPECIALIZED VEHICLES AND/OR ASSISTANCE. THE ORGANIZATION CONTINUED TO PROVIDE SERVICES TO LA CROSSE, MONROE, VERNON, RICHLAND, CRAWFORD, IOWA, AND GRANT COUNTIES UTILIZING 7 VANS AND REDUCED STAFFING TO 7 DRIVERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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