AMBULANCE SERVICE CORPORATION INC (EIN 610868296) - 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

1975

Legal Domicile

Principal Officer

JOE MIDDLETON

Phone

2706516903

Tax Period

2022-07-01 to 2023-06-30

AMBULANCE SERVICE CORPORATION INC, founded in 1975, is a community nonprofit in the Health Care sector that reported $6.3M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE EMERGENCY MEDICAL SERVICES AND MEDICAL TRANSPORTATION TO THE CITIZENS OF BARREN AND METCALFE COUNTIES IN SOUTH CENTRAL KENTUCKY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,286,899

Program Service Revenue $3,942,883

Investment Income $15,592

Other Revenue $20,235

TOTAL REVENUE $6,265,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,851,305

Fundraising Expenses $0

Program Expenses $6,356,103

Other Expenses $1,922,066

TOTAL EXPENSES $6,773,371

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,265,609	$5,725,219	+0.1%
Expenses	$6,773,371	$6,927,061	0.0%
Net Income	$-507,762	$-1,201,842	-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

102

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACKIE BROWN	SECRETARY/TR	0.50	Officer Director	$0	$0	$0
GARLAND GILLIAM	MEMBER	0.50	Director	$0	$0	$0
KARISA PETERSON	MEMBER	0.50	Director	$0	$0	$0
ERVIN SORRELL	CHAIRMAN	0.50	Officer Director	$0	$0	$0
NEIL THORNBURY	VICE CHAIRMA	0.50	Officer Director	$0	$0	$0
LARRY WILSON	MEMBER	0.50	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	No data	No data	No data	No data
2023	$6,265,609	$6,773,371	$8,253,010	$-507,762
2022	$5,725,219	$6,927,061	$8,091,736	$-1,201,842
2021	$6,529,738	$7,296,550	$7,635,156	$-766,812

AMBULANCE SERVICE CORPORATION INC