SOUTHERN OKLAHOMA AMBULANCE SERVICE INC

EIN: 730717399 501(c)(3) Health Care

ARDMORE, OK

Total Revenue
$7,685,153
Total Expenses
$5,382,435
Total Assets
$5,386,917
Net Assets
$5,334,564
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1962
Legal Domicile
OK
Principal Officer
BOB HARGIS
Phone
5802231226
Tax Period
2024-01-01 to 2024-12-31

SOUTHERN OKLAHOMA AMBULANCE SERVICE INC, founded in 1962, is a community nonprofit in the Health Care sector that reported $7.7M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 30% operating margin.

Mission

TO PROVIDE AMBULANCE AND EMERGENCY MEDICAL SERVICES TO CARTER AND EASTERN JEFFERSON COUNTIES, OK, HOME TO SOME 49,000 PEOPLE.

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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 $2,988,659
Program Service Revenue $4,599,746
Investment Income $96,748
Other Revenue $0
TOTAL REVENUE $7,685,153

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,779,505
Fundraising Expenses $0
Program Expenses $4,470,116
Other Expenses $1,602,930
TOTAL EXPENSES $5,382,435

Year-over-Year Comparison

2024 2023 Change
Revenue $7,685,153 $5,513,407 +0.4%
Expenses $5,382,435 $5,190,998 +0.0%
Net Income $2,302,718 $322,409 +6.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
64
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
12
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DALE ANDERSON MEDICAL DIRE N/A
Officer Director
$0 $0 $0
MITA BATES TREASURER N/A
Officer Director
$0 $0 $0
GLEN BURNS DIRECTOR N/A
Officer Director
$0 $0 $0
CHRIS CRADDOCK DIRECTOR N/A
Officer Director
$0 $0 $0
SHERYL ELLIS DIRECTOR N/A
Officer Director
$0 $0 $0
ROBERT MADDOX VICE PRESIDE N/A
Officer Director
$0 $0 $0
SUMMER MCMANUS DIRECTOR N/A
Officer Director
$0 $0 $0
JEFFREY MOEN DIRECTOR N/A
Officer Director
$0 $0 $0
CODY NOBLE PRESIDENT N/A
Officer Director
$0 $0 $0
DOUG PHAU DIRECTOR N/A
Officer Director
$0 $0 $0
DARYLE VOSS DIRECTOR N/A
Officer Director
$0 $0 $0
LINDSEY WILSON DIRECTOR N/A
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 $7,685,153 $5,382,435 $5,386,917 $2,302,718
2023 $5,513,407 $5,190,998 $3,041,738 $322,409
2022 $4,206,336 $4,304,171 $2,717,355 $-97,835
2021 $4,190,294 $3,710,101 $2,818,269 $480,193
2020 $3,602,711 $3,797,438 $2,822,372 $-194,727
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