Winona Area Ambulance Service 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

1996

Legal Domicile

Principal Officer

Rachelle Heising-Schultz

Phone

5074525351

Tax Period

2024-01-01 to 2024-09-30

Winona Area Ambulance Service Inc, founded in 1996, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring.

Mission

Winona Area Ambulance Service provides advanced emergency medical services and transportation to the Community through excellent patient care, education, and collaborative partnerships.

Program Service Accomplishments

Program 1

Expenses: $1,132,756 Revenue: $1,639,346

Winona Area Ambulance Service (WAAS) will provide excellence in patient care & education and commit to continuously improving the quality of the services we provide. WAAS provides advanced emergency medical services and transportation to the community through excellent patient care, education, and collaborative partnerships.WAAS is committed to our community by providing the highest level of clinical care and putting patient safety and quality first. It means treating our patients, their families, first responders, other medical providers, co-workers and all others that we come into contact with, with respect, compassion, and dignity. We believe that our core values (Continued on Schedule O)accurately communicate the things that drive us as an organization. As employees of Winona Area Ambulance Service, Inc. we are expected to live the values and embrace the spirit of our behavioral standards, holding each other professionally accountable.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,639,346

Investment Income $24,538

Other Revenue $0

TOTAL REVENUE $1,663,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,208,355

Fundraising Expenses $0

Program Expenses $1,132,756

Other Expenses $616,710

TOTAL EXPENSES $1,825,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,663,884	$2,586,889	-0.4%
Expenses	$1,825,065	$2,438,889	-0.3%
Net Income	$-161,181	$148,000	-2.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ken Mogren	Chair as of 7/1	1.00	Officer Director	$0	$0	$0
Steve Blue	Director as of 7/1	1.00	Director	$0	$0	$0
Matthew Broghammer MD	Director as of 7/1	1.00	Director	$0	$0	$0
E Allen Beguin MD	Director as of 7/1	1.00	Director	$0	$0	$0
Hugh Miller	Director as of 7/1	1.00	Director	$0	$0	$0
Sandra Burke	Director as of 7/1	1.00	Director	$0	$0	$0
Greg Evans	Director as of 7/1	1.00	Director	$0	$0	$0
Nicholas Modjeski MD	Director as of 7/1	1.00	Director	$0	$0	$0
Brian Semling	Director as of 7/1	1.00	Director	$0	$0	$0
Robert Williams	Director as of 7/1	1.00	Director	$0	$0	$0
David Vaselaar	Director as of 7/1	1.00	Director	$0	$0	$0
Fatima Said	Director as of 7/1	1.00	Director	$0	$0	$0
Todd Paulson	Director as of 7/1	1.00	Director	$0	$0	$0
Dave Gilmer	Director as of 7/1	1.00	Director	$0	$0	$0
Katrina Hammel MD	Director as of 7/1	1.00	Director	$0	$0	$0
Toni Highum	Director (July - Dec)	1.00	Director	$0	$0	$0
Rachelle Heising-Schultz	President/CEO/Director (as of 7/1)	2.00	Officer Director	$0	$0	$0
Rebecca Lamberty President	thru 6/30, Chief Admin Officer	0.00	Officer Director	$0	$0	$0
Francisco Perez-Guerra	VP through 06/30	1.00	Officer Director	$0	$0	$0
Madison Johnson	Secretary/Treas through 6/1	1.00	Officer Director	$0	$0	$0
Chester Doering	Board Member through 6/30	1.00	Director	$0	$0	$0
Chris Watras	Board Member through 6/30	1.00	Director	$0	$0	$0
Michael McKee	Board Member through 6/30	1.00	Director	$0	$0	$0
Jessica Remington	CFO/Treasurer as of 7/1	1.00	Officer	$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	$1,663,884	$1,825,065	$1,928,894	$-161,181
2023	$2,586,889	$2,438,889	$2,057,754	$148,000
2022	$2,156,901	$2,236,655	$1,898,544	$-79,754
2021	$1,884,127	$1,749,611	$1,964,156	$134,516
2020	$1,758,000	$1,662,945	$1,815,658	$95,055
2019	$1,911,214	$1,748,222	$1,759,960	$162,992