MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Memphis Medical Center Air Ambulance Services Inc, founded in 1987, is a small nonprofit in the Health Care sector that reported $338K in total revenue in fiscal year 2023. Revenue surged 229% from the prior year, signaling strong growth momentum. The organization ran a surplus of $243K, a strong 72% operating margin.
TO ESTABLISH, MAINTAIN, CONDUCT, MANAGE, OWN AND OPERATE AN AIR AMBULANCE SERVICE FOR THE TRANSPORTATION AND CARE OF THE SICK, INJURED, DISABLED OR DISEASED OR OTHER PERSONS IN NEED OF SUCH SERVICES.
DURING THE YEAR 2021, MEMPHIS MEDICAL CENTER AIR AMBULANCE WAS INVOLVED IN A BUSINESS SALE WHERE MED TRANS PURCHASED THEIR ASSETS EXCLUDING ACCOUNTS RECEIVABLE. IT HAS CEASED ITS NORMAL OPERATING...
DURING THE YEAR 2021, MEMPHIS MEDICAL CENTER AIR AMBULANCE WAS INVOLVED IN A BUSINESS SALE WHERE MED TRANS PURCHASED THEIR ASSETS EXCLUDING ACCOUNTS RECEIVABLE. IT HAS CEASED ITS NORMAL OPERATING ACTIVITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $338,488 | $102,760 | +2.3% |
| Expenses | $95,562 | $47,274,049 | -1.0% |
| Net Income | $242,926 | $-47,171,289 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| N/A | SECRETARY/TREASURER | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | VP/VICE CHAIR | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | PRESIDENT/CHAIR | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| N/A | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| N/A | CEO | 40.0 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $338,488 | $95,562 | $4,235,180 | $242,926 |
| 2022 | $102,760 | $47,274,049 | $3,972,276 | $-47,171,289 |
| 2021 | $31,799,991 | $13,490,034 | $52,176,003 | $18,309,957 |
| 2020 | $16,015,297 | $17,748,253 | $34,368,610 | $-1,732,956 |
| 2019 | $18,152,631 | $20,555,941 | $35,360,980 | $-2,403,310 |
| 2018 | $21,635,309 | $23,154,524 | $37,882,410 | $-1,519,215 |
Compare Memphis Medical Center Air Ambulance Services Inc with other nonprofits in Tennessee and across the country.