Hope Valley Ambulance Squad Inc

EIN: 510173270 501(c)(3) Health Care

Hope Valley, RI

Total Revenue
$733,339
Total Expenses
$893,581
Total Assets
$864,975
Net Assets
$471,684
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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
1961
Legal Domicile
RI
Phone
4015392839
Tax Period
2024-01-01 to 2024-12-31

Hope Valley Ambulance Squad Inc, founded in 1961, is a small nonprofit in the Health Care sector that reported $733K in total revenue in fiscal year 2024. Expenses of $894K exceeded revenue, resulting in a 22% operating deficit.

Mission

To provide emergency medical services to the geographic territory as specified in the 911 cooperative agreements, provide mutual aid service to area organizations, and provide the public with health information through various classes, training and programs.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $221,659
Program Service Revenue $485,695
Investment Income $25,985
Other Revenue $0
TOTAL REVENUE $733,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $470,215
Fundraising Expenses $0
Program Expenses $893,581
Other Expenses $423,366
TOTAL EXPENSES $893,581

Year-over-Year Comparison

2024 2023 Change
Revenue $733,339 $726,705 +0.0%
Expenses $893,581 $779,882 +0.1%
Net Income $-160,242 $-53,177 +2.0%
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

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Governance

Voting Members
7
Independent Members
7
Employees
25
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
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Daniel Sherman Chief 20.00
Officer Director
$0 $0 $0
Patrick Hawkins Treasurer 20.00
Officer Director
$0 $0 $0
Kevin Matson Vice President 20.00
Officer Director
$0 $0 $0
George Sherman Deputy Chief 20.00
Officer Director
$0 $0 $0
Sandie Lee Myers President 20.00
Officer Director
$0 $0 $0
Devin Cook Secretary 20.00
Officer 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
2024 $733,339 $893,581 $864,975 $-160,242
2023 $726,705 $779,882 $1,057,776 $-53,177
2022 $642,590 $659,149 $833,119 $-16,559
2021 $548,422 $556,582 $915,103 $-8,160
2020 $580,165 $546,385 $949,043 $33,780
2019 $642,690 $646,261 $812,334 $-3,571
2018 $603,268 $658,881 $862,641 $-55,613
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