Lake Region Ambulance Service (EIN 450283168) - 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

1996

Legal Domicile

Principal Officer

Frank Mack

Phone

7016628832

Tax Period

2024-01-01 to 2024-12-31

Lake Region Ambulance Service, founded in 1996, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

Ambulance service

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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 $202,039

Program Service Revenue $1,587,992

Investment Income $304

Other Revenue $21,319

TOTAL REVENUE $1,811,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,627,544

Fundraising Expenses $0

Program Expenses $2,269,405

Other Expenses $641,861

TOTAL EXPENSES $2,269,405

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,811,654	$1,482,283	+0.2%
Expenses	$2,269,405	$1,983,004	+0.1%
Net Income	$-457,751	$-500,721	-0.1%

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

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
Scott Thompson	Treasurer	1.00	Director	$0	$0	$0
Frank MacK	President	1.00	Director	$0	$0	$0
Dr Jeffery Vaagen	Secretary	1.00	Director	$0	$0	$0
Scott Privratsky	Board Member	1.00	Director	$0	$0	$0
Kale Stromme	Board Member	1.00	Director	$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
2025	No data	No data	No data	No data
2024	$1,811,654	$2,269,405	$2,278,102	$-457,751
2023	$1,482,283	$1,983,004	$2,473,018	$-500,721
2022	$1,633,285	$2,017,681	$2,973,739	$-384,396
2021	$1,940,244	$2,038,351	$3,358,135	$-98,107
2020	$2,085,195	$1,923,789	$3,456,242	$161,406
2019	$1,918,803	$1,800,046	$3,294,836	$118,757
2018	$1,553,941	$1,511,034	$3,176,079	$42,907

Lake Region Ambulance Service