Reid Health Ambulance Inc (EIN 832911570) - 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

Phone

7659833000

Tax Period

2023-01-01 to 2023-12-31

Reid Health Ambulance Inc, founded in 2018, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $5.1M exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE EMERGENT AND NON-EMERGENT AMBULANCE TRANSPORTATION TO THE COMMUNITIES THAT WE SERVE.

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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 $168,079

Program Service Revenue $3,891,920

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,059,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,630,374

Fundraising Expenses $0

Program Expenses $5,147,454

Other Expenses $1,517,080

TOTAL EXPENSES $5,147,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,059,999	$3,267,997	+0.2%
Expenses	$5,147,454	$4,270,195	+0.2%
Net Income	$-1,087,455	$-1,002,198	+0.1%

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

N/A

Volunteers

150

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

$1,290,355

Total Directors

$4,551,271

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD MEMBER - SECRETARY	3.0	Officer Director	$0	$0	$0
N/A	PRESIDENT - CHIEF EXECUTIVE OFFICER	12.5	Officer Director	$0	$148,722	$1,290,355
N/A	BOARD MEMBER - 2ND VICE CHAIR	3.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER - TREASURER	3.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER - 1ST VICE CHAIR	3.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER - CHAIR	6.0	Officer Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$26,615	$409,041
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$51,082	$802,205
N/A	BOARD MEMBER	3.0	Director	$0	$53,515	$542,263
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$0	$0
N/A	BOARD MEMBER	3.0	Director	$0	$54,355	$1,093,364
N/A	BOARD MEMBER (Term Ended)	3.0	Director	$0	$42,257	$414,043

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	No data	No data	No data	No data
2023	$4,059,999	$5,147,454	$2,108,676	$-1,087,455
2022	$3,267,997	$4,270,195	$2,078,045	$-1,002,198
2021	$2,627,653	$2,847,946	$4,943,043	$-220,293
2020	$1,767,167	$1,811,319	$3,058,345	$-44,152
2019	$980,741	$1,141,494	$1,881,194	$-160,753

Reid Health Ambulance Inc