F-M AMBULANCE SERVICE INC

EIN: 450344371 Health Care

SIOUX FALLS, SD

Total Revenue
$16,041,690
Total Expenses
$17,015,113
Total Assets
$7,813,842
Net Assets
$7,706,293
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
ND
Principal Officer
BILL GASSEN
Phone
7012342000
Tax Period
2023-01-01 to 2023-12-31

F-M Ambulance Service Inc, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $16.6M in total revenue in fiscal year 2017. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.2M, a strong 26% operating margin.

Mission

"DEDICATED TO THE WORK OF HEALTH AND HEALING"

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $258,925
Program Service Revenue $15,775,616
Investment Income $0
Other Revenue $7,149
TOTAL REVENUE $16,041,690

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,677,966
Fundraising Expenses $0
Program Expenses $14,844,360
Other Expenses $3,337,147
TOTAL EXPENSES $17,015,113

Year-over-Year Comparison

2023 2022 Change
Revenue $16,041,690 $18,815,214 -0.1%
Expenses $17,015,113 $17,309,624 0.0%
Net Income $-973,423 $1,505,590 -1.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
5
Employees
N/A
Volunteers
N/A

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
9
$8,708,710
Total Directors
11
$4,486,660
Key Employees
1
$1,246,328
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE BRUHN EVP, CFO & TREASURER (END 6/23) 0.50
Officer
$0 $105,043 $3,631,305
BILL GASSEN TRUSTEE, PRESIDENT & CEO 0.50
Officer Director
$0 $439,680 $3,261,032
BILL MARLETTE INTERIM, EVP, CFO (BEG 6/23) 0.50
Officer
$0 $378 $1,306,708
TIFFANY LAWRENCE PRESIDENT & CEO, FARGO 5.00
Key Emp
$0 $174,779 $1,246,328
MARK LUNDEEN MD TRUSTEE, PHYSICIAN 0.50
Director
$0 $16,560 $608,433
ANDY NORTH TRUSTEE, SECRETARY, INDEP CONTRACTOR 0.50
Officer Director
$0 $0 $324,345
NEIL GULSVIG TRUSTEE, CHAIRPERSON 0.50
Officer Director
$0 $0 $66,718
BRENT TEIKEN TRUSTEE, PAST CHAIR 0.50
Officer Director
$0 $0 $38,404
DON JACOBS TRUSTEE (END 12/23) 0.50
Director
$0 $0 $37,332
LAURIS MOLBERT TRUSTEE, VICE CHAIR 0.50
Officer Director
$0 $0 $37,099
JAMES CAIN TRUSTEE 0.50
Director
$0 $0 $35,599
WESLEY ENGBRECHT TRUSTEE 0.50
Director
$0 $0 $34,599
MARNIE HERMANN TRUSTEE, TREASURER (BEG 4/23) 0.50
Officer Director
$0 $0 $32,099
ROBIN SMITH TRUSTEE, TREASURER (END 4/23) 0.50
Officer Director
$0 $0 $11,000
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 No data No data No data No data
2023 $16,041,690 $17,015,113 $7,813,842 $-973,423
2022 $18,815,214 $17,309,624 $8,237,188 $1,505,590
2021 $18,663,310 $15,012,754 $6,709,124 $3,650,556
2020 $17,459,515 $13,784,533 $6,442,712 $3,674,982
2019 $17,917,701 $13,636,742 $6,987,738 $4,280,959
2018 $16,558,266 $12,330,437 $6,291,021 $4,227,829
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