WEST HANCOCK COUNTY AMBULANCE SERVICE INC (EIN 421054522) - 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

1976

Legal Domicile

Principal Officer

GARY AUSBORN

Phone

6418433750

Tax Period

2024-01-01 to 2024-12-31

WEST HANCOCK COUNTY AMBULANCE SERVICE INC, founded in 1976, is a small nonprofit that reported $633K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $705K exceeded revenue, resulting in a 11% operating deficit.

Mission

WEST HANCOCK AMBULANCE SERVICE (WHAS)WAS FOUNDED IN 1976 BY A SMALL GROUP OF DEDICATED INDIVIDUALS INTENT ON PROVIDING EMERGENCY MEDICAL CARE TO THE RESIDENTS OF HANCOCK COUNTY. WHAS IS AN EMT-PARAMEDIC SERVICE PROVIDING QUALITY PRE-HOSPITAL EMERGENCY MEDICAL CARE AND TRANSPORTATION TO THE WEST HALF OF HANCOCK COUNTY IN RURAL, NORTH CENTRAL IOWA.

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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 $232,972

Program Service Revenue $370,444

Investment Income $29,274

Other Revenue $0

TOTAL REVENUE $632,690

Expense Breakdown

Grants Paid $0

Salaries & Benefits $389,558

Fundraising Expenses $0

Program Expenses $704,582

Other Expenses $315,024

TOTAL EXPENSES $704,582

Year-over-Year Comparison

	2024	2023	Change
Revenue	$632,690	$536,463	+0.2%
Expenses	$704,582	$657,060	+0.1%
Net Income	$-71,892	$-120,597	-0.4%

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

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

$12,736

Total Directors

$12,736

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY AUSBORN	PRESIDENT	2.00	Officer Director	$2,102	$198	$2,300
GABBY HEJLIK	VICE PRESIDE	2.00	Officer Director	$2,410	$227	$2,637
LAURIE BURGARDT	SECRETARY	2.00	Officer Director	$252	$24	$276
RICHARD FREESEMANN	TREASURER	2.00	Officer Director	$4,695	$443	$5,138
BRAYDEN LANGFITT	AT LARGE	2.00	Officer Director	$2,179	$206	$2,385

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	$632,690	$704,582	$921,539	$-71,892
2023	$536,463	$657,060	$962,790	$-120,597
2022	$524,131	$556,587	$1,082,796	$-32,456
2021	$778,254	$596,644	$1,121,548	$181,610
2020	$520,115	$499,624	$987,783	$20,491
2019	$533,806	$445,112	$923,767	$88,694
2018	$556,031	$423,595	$835,781	$132,436

WEST HANCOCK COUNTY AMBULANCE SERVICE INC