HAMILTON EMERGENCY MEDICAL SERVICES INC (EIN 581651002) - 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

1985

Legal Domicile

Principal Officer

JEFFREY D MYERS

Phone

7062782105

Tax Period

2023-10-01 to 2024-09-30

HAMILTON EMERGENCY MEDICAL SERVICES INC, founded in 1985, is a community nonprofit in the Health Care sector that reported $5.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $9.3M exceeded revenue, resulting in a 71% operating deficit.

Mission

AN ESSENTIAL MISSION OF HEMS IS TO PROVIDE SECURITY FOR THE COMMUNITY THROUGH THE OPERATION OF THE EMERGENCY MEDICAL SERVICE EVEN IF RESIDENTS OF THE COMMUNITY ARE UNABLE TO PAY FOR CHARGES ASSOCIATED WITH THEIR CARE. THE GOAL OF HEMS IS TO IMPROVE THE QUALITY, EXPAND THE ACCESSIBILITY OF EMERGENCY MEDICAL CARE AND EMERGENCY TRANSPORTATION TO THE GENERAL PUBLIC.

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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 $250,000

Program Service Revenue $5,158,130

Investment Income $500

Other Revenue $39,715

TOTAL REVENUE $5,448,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,494,891

Fundraising Expenses $0

Program Expenses $9,006,772

Other Expenses $1,798,239

TOTAL EXPENSES $9,293,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,448,345	$4,890,768	+0.1%
Expenses	$9,293,130	$8,325,854	+0.1%
Net Income	$-3,844,785	$-3,435,086	+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

107

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

$3,701,201

Total Directors

$3,504,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY D MYERS	PRESIDENT/CEO AND VICE CHAIR	1.00	Officer Director	$0	$119,279	$1,673,818
SANDRA D MCKENZIE	VP/PRESIDENT OF OPERATIONS	1.00	Officer Director	$0	$56,457	$1,019,165
JULIE A SOEKORO	CFO/TREASURER	1.00	Officer Director	$0	$109,497	$811,055
GEORGE W SUTHERLAND	CHAIRMAN	1.00	Officer Director	$0	$0	$0
W TYLER WALKER MD	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN P BRIDENSTINE	ASSISTANT TREASURER	1.00	Officer	$0	$1,111	$197,163
CHRISTOPHER CLINE	PARAMEDIC	40.00	Highest	$273,414	$16,061	$289,475
PAUL FRIERSON JR	PARAMEDIC	40.00	Highest	$158,030	$12,159	$170,189
TYLER MICHAEL KNOWLTON	PARAMEDIC	40.00	Highest	$152,179	$4,489	$156,668
EASTON GALLMAN	PARAMEDIC	40.00	Highest	$152,041	$7,289	$159,330
WILLIAM MANTOOTH	PARAMEDIC	40.00	Highest	$148,347	$7,806	$156,153

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	$5,448,345	$9,293,130	$2,683,635	$-3,844,785
2023	$4,890,768	$8,325,854	$1,807,812	$-3,435,086
2022	$4,176,194	$7,095,614	$1,730,447	$-2,919,420
2021	$4,035,227	$6,451,373	$2,071,608	$-2,416,146
2020	$3,450,571	$5,945,656	$2,142,131	$-2,495,085
2019	$4,041,278	$5,747,513	$2,586,054	$-1,706,235
2018	$4,224,674	$5,390,032	$2,294,394	$-1,165,358

HAMILTON EMERGENCY MEDICAL SERVICES INC