TWO HARBORS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAKE COUNTY AMBULANCE SERVICE, founded in 1997, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 12% surplus.
TO PROVIDE MEDICAL AMBULANCE AND AUXILIARY SERVICES TO THE PUBLIC REGARDLESS OF THEIR ABILITY TO PAY, INSURANCE COVERAGE, OR GOVERNMENTAL REIMBURSEMENT.
LAKE COUNTY AMBULANCE SERVICE (LCAS) IS A NONPROFIT 501(C)(3) ORGANIZATION THAT PROVIDES EMERGENCY MEDICAL CARE TREATMENT AND TRANSPORTATION IN NORTHEASTERN MINNESOTA. LCAS IS A PART-TIME ADVANCED...
LAKE COUNTY AMBULANCE SERVICE (LCAS) IS A NONPROFIT 501(C)(3) ORGANIZATION THAT PROVIDES EMERGENCY MEDICAL CARE TREATMENT AND TRANSPORTATION IN NORTHEASTERN MINNESOTA. LCAS IS A PART-TIME ADVANCED LIFE SUPPORT AMBULANCE SERVICE WHOSE PRIMARY SERVICE AREA (PSA) INCLUDES LAKE, COOK, AND ST. LOUIS COUNTIES. THE COMMUNITIES WE SERVE INCLUDE TWO HARBORS, SILVER BAY, BEAVER BAY, FINLAND, ISABELLA, BRIMSON, AND KNIFE RIVER. OUR PSA AREA COVERS AN AREA OF APPROXIMATELY 1535 SQUARE MILES. ACCORDING TO THE 2020 CENSUS, LAKE COUNTY HAD A POPULATION OF 10,905. LAKE COUNTY ENCOMPASSES A SPARSELY POPULATED, HEAVILY FORESTED AREA ALONG THE NORTHSHORE OF LAKE SUPERIOR AND IS CONSIDERED "SUPER RURAL." LCAS STAFFS TWO STATIONS: A BASE OF OPERATIONS IN THE CITY OF TWO HARBORS AND A SUBSTATION 30 MILES NORTH IN THE CITY OF SILVER BAY. LCAS HAS 30 EMPLOYEES WHO PROVIDE AMBULANCE COVERAGE AND SUPPORT OPERATIONS. THE MAJORITY OF OUR STAFF IS MADE UP OF EMTS, WITH THE REMAINING STAFF MADE UP OF PARAMEDICS AND ADMINISTRATIVE STAFF. A BOARD OF DIRECTORS OVERSEES LCAS, COMPRISED OF 5 VOTING MEMBERS AND A MEDICAL DIRECTOR WHO IS CONTRACTED THROUGH ASPIRUS LAKE VIEW HOSPITAL. IN 2024, LCAS RESPONDED TO 1,436 CALLS FOR SERVICE.LAKE COUNTY PROVIDES LAKE COUNTY AMBULANCE SERVICE WITH A $500,000 STIPEND. THIS ONGOING FINANCIAL SUPPORT ENSURES THAT WE CAN CONTINUE TO OFFER TIMELY, HIGH-QUALITY CARE AND LIFE-SAVING ASSISTANCE TO THE RESIDENTS OF LAKE COUNTY. THE STIPEND HELPS COVER OPERATIONAL COSTS, IMPROVE EQUIPMENT, AND PROVIDE TRAINING FOR OUR DEDICATED TEAM, REINFORCING OUR COMMITMENT TO PUBLIC SAFETY AND HEALTH.
LAKE COUNTY WORKS TO CREATE A COMPREHENSIVE AND ACCESSIBLE HIGH SCHOOL EMT PROGRAM THAT EQUIPS STUDENTS WITH THE NECESSARY KNOWLEDGE, SKILLS, AND EXPERIENCE TO SUCCESSFULLY PASS THE EMT CERTIFICATION...
LAKE COUNTY WORKS TO CREATE A COMPREHENSIVE AND ACCESSIBLE HIGH SCHOOL EMT PROGRAM THAT EQUIPS STUDENTS WITH THE NECESSARY KNOWLEDGE, SKILLS, AND EXPERIENCE TO SUCCESSFULLY PASS THE EMT CERTIFICATION EXAM AND PURSUE A CAREER IN EMERGENCY MEDICAL SERVICES, CONTRIBUTING TO THE COMMUNITY'S HEALTHCARE WORKFORCE.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,981,486 | $1,580,958 | +0.3% |
| Expenses | $1,746,484 | $1,554,841 | +0.1% |
| Net Income | $235,002 | $26,117 | +8.0% |
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 |
|---|---|---|---|---|---|---|
| DERRICK GOUTERMONT | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TERRI MCDANNOLD | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KAREN KACZROWSKI | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD HOGENSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| COLE ERNEST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDY STROHMEYER | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$58,031 | $36,193 | $94,224 |
| JOHN ACHARTZ | ASSISTANT DIRECTOR | 40.00 |
Officer
|
$75,191 | $13,330 | $88,521 |
| STACY CAVALLIN | BUSINESS MANAGER | 40.00 |
Officer
|
$53,213 | $13,413 | $66,626 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,981,486 | $1,746,484 | $1,892,255 | $235,002 |
| 2023 | $1,580,958 | $1,554,841 | $1,593,366 | $26,117 |
| 2022 | $1,673,059 | $1,466,681 | $1,571,390 | $206,378 |
| 2021 | $1,791,904 | $1,447,259 | $1,374,066 | $344,645 |
| 2020 | $2,382,613 | $1,707,564 | $1,091,077 | $675,049 |
| 2019 | $1,566,994 | $1,646,974 | $760,933 | $-79,980 |
| 2018 | $1,580,029 | $1,620,814 | $830,723 | $-40,785 |
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