HAVRE DE GRACE AMBULANCE CORPS INC (EIN 521472637) - 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

1986

Legal Domicile

Principal Officer

NATHAN ARMSTRONG

Phone

4109393988

Tax Period

2023-07-01 to 2024-06-30

HAVRE DE GRACE AMBULANCE CORPS INC, founded in 1986, is a small nonprofit in the Health Care sector that reported $778K in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $212K, a strong 27% operating margin.

Mission

TO PROVIDE SUPERIOR RESPONSE TO EMS CALLS FOR SERVICE, WITH A SECONDARY MISSION OF COMMUNITY EDUCATION AND INVOLVEMENT TO IMPROVE OUTCOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $741,375

Program Service Revenue $754

Investment Income $29,367

Other Revenue $6,805

TOTAL REVENUE $778,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,045

Fundraising Expenses $0

Program Expenses $125,018

Other Expenses $491,293

TOTAL EXPENSES $566,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$778,301	$904,676	-0.1%
Expenses	$566,338	$774,833	-0.3%
Net Income	$211,963	$129,843	+0.6%

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

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

$35,711

Total Directors

$35,711

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN NILSEN	DIRECTOR	20.00	Director	$0	$0	$0
NATHAN ARMSTRONG	PRESIDENT	20.00	Officer Director	$0	$0	$0
BRANDY GRAZIOSI	TREASURER (1/1-6/30)	20.00	Officer Director	$640	$0	$640
SUSAN ANGELUCCI	SECRETARY	20.00	Officer Director	$32,943	$0	$32,943
BENJAMIN KECK JR	TREASURER (7/1-1/1)	20.00	Officer Director	$830	$0	$830
BENJAMIN LEO	VICE PRESIDENT	20.00	Officer Director	$1,298	$0	$1,298
JEREMY MOTHERSHED	DIRECTOR	20.00	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	$778,301	$566,338	$3,859,392	$211,963
2023	$904,676	$774,833	$3,598,040	$129,843
2022	$1,103,078	$811,431	$3,480,627	$291,647
2021	$933,643	$830,181	$3,313,118	$103,462
2020	$911,320	$869,877	$3,101,007	$41,443
2019	$1,003,070	$939,599	$3,138,008	$63,471
2018	$1,061,425	$937,871	$3,043,088	$123,554

HAVRE DE GRACE AMBULANCE CORPS INC