United Ambulance Bridgton (EIN 824256426) - 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

2018

Legal Domicile

Principal Officer

Paul Gosselin

Phone

2077776006

Tax Period

2023-07-01 to 2024-06-30

United Ambulance Bridgton, founded in 2018, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

Provide ambulance and wheelchair transportation services.

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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 $40,752

Program Service Revenue $1,430,509

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,471,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,442,480

Fundraising Expenses $0

Program Expenses $1,362,073

Other Expenses $183,873

TOTAL EXPENSES $1,626,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,471,261	$1,226,922	+0.2%
Expenses	$1,626,353	$1,344,825	+0.2%
Net Income	$-155,092	$-117,903	+0.3%

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

$380,111

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Littleson	President	0.50	Officer Director	$0	$0	$0
Dr John Alexander MD	Director	0.50	Director	$0	$0	$0
Dr Micah Gaspary	Director	0.50	Director	$0	$0	$0
Cindy Segar-Miller	Director	0.50	Director	$0	$0	$0
Heather Nadeau	Director	0.50	Director	$0	$0	$0
Dr Sheldon Stevenson MD	Director	0.50	Director	$0	$0	$0
Steve Jorgensen	Past Director	0.50	Director	$0	$0	$0
Paul Gosselin	Executive Director	4.00	Officer	$0	$23,814	$235,118
Maria Higgins	Business Manager	4.00	Officer	$0	$8,231	$144,993

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	$1,471,261	$1,626,353	$338,002	$-155,092
2023	$1,226,922	$1,344,825	$484,023	$-117,903
2022	$1,398,160	$1,313,901	$610,737	$84,259
2021	$1,286,581	$1,162,082	$544,545	$124,499
2020	$1,158,389	$1,019,937	$395,200	$138,452
2019	$1,146,306	$1,006,550	$374,509	$139,756

United Ambulance Bridgton