Brooks Ambulance Inc (EIN 824345681) - 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

2019

Legal Domicile

Principal Officer

Keith Nealley

Phone

2075097261

Tax Period

2024-01-01 to 2024-12-31

Brooks Ambulance Inc, founded in 2019, is a small nonprofit in the Health Care sector that reported $419K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $578K exceeded revenue, resulting in a 38% operating deficit.

Mission

Provide ambulance services to the towns of Brooks, Jackson, Monroe and Knox, Maine

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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 (2024)

Revenue Breakdown

Contributions & Grants $202,177

Program Service Revenue $212,241

Investment Income $4,417

Other Revenue $0

TOTAL REVENUE $418,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $264,269

Fundraising Expenses $0

Program Expenses $578,439

Other Expenses $314,170

TOTAL EXPENSES $578,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,835	$531,948	-0.2%
Expenses	$578,439	$457,225	+0.3%
Net Income	$-159,604	$74,723	-3.1%

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

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

$102,307

Total Directors

$142,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Keith Nealley	President	10.00	Officer Director	$48,151	$0	$48,151
Thomas Simmons	Vice-President	5.00	Officer Director	$51,765	$0	$51,765
Dr Corey Cole	Secretary	2.00	Officer Director	$2,391	$0	$2,391
Geraldine Roberts	Ambulance Officer	2.00	Director	$9,046	$0	$9,046
Seth Violette	Ambulance Officer	2.00	Director	$10,277	$0	$10,277
George Gallagher	Ambulance Officer	2.00	Director	$18,717	$0	$18,717
Richard Shyduroff	Ambulance Officer	2.00	Director	$1,792	$0	$1,792

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	$418,835	$578,439	$419,323	$-159,604
2023	$531,948	$457,225	$579,390	$74,723
2022	$354,879	$251,579	$504,206	$103,300
2021	$227,740	$232,501	$406,396	$-4,761
2020	$391,102	$141,116	$407,034	$249,986

Brooks Ambulance Inc