GARNER VOLUNTEER AMBULANCE SERVICE (EIN 421052040) - 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

1975

Legal Domicile

Principal Officer

Christopher Chute

Phone

6419232546

Tax Period

2024-07-01 to 2025-06-30

GARNER VOLUNTEER AMBULANCE SERVICE, founded in 1975, is a small nonprofit in the Health Care sector that reported $373K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $484K exceeded revenue, resulting in a 30% operating deficit.

Mission

Ambulance service for Garner, Iowa and other surrounding communities which is coordinated and staffed by mainly volunteers.

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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 $143,984

Program Service Revenue $220,883

Investment Income $7,910

Other Revenue $0

TOTAL REVENUE $372,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,937

Fundraising Expenses $1,765

Program Expenses $452,544

Other Expenses $321,724

TOTAL EXPENSES $483,661

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,777	$401,371	-0.1%
Expenses	$483,661	$359,388	+0.3%
Net Income	$-110,884	$41,983	-3.6%

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

N/A

Employees

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

$38,161

Total Directors

$50,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Belinda Rasmuson-Oulman	Coordinator	10.00	Director	$12,395	$0	$12,395
Christopher Chute	Treasurer	10.00	Officer Director	$11,689	$0	$11,689
Ethan Curry	President	10.00	Officer Director	$8,570	$0	$8,570
James Janssen	Secretary	10.00	Officer Director	$8,255	$0	$8,255
Erika Elbert	Finan Secretary	10.00	Officer Director	$6,202	$0	$6,202
Jay Campbell	Vice President	10.00	Officer Director	$3,445	$0	$3,445

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
2025	$372,777	$483,661	$946,199	$-110,884
2024	No data	No data	No data	No data
2023	$395,098	$329,620	$1,015,100	$65,478
2022	$223,411	$226,727	$949,622	$-3,316
2021	$291,310	$223,158	$952,938	$68,152
2020	$240,035	$230,891	$884,786	$9,144

GARNER VOLUNTEER AMBULANCE SERVICE