AERO SKAGIT EMERGENCY SERVICE INC (EIN 911200257) - 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

1973

Legal Domicile

Principal Officer

RICHARD FRANK

Phone

3608538831

Tax Period

2023-01-01 to 2023-12-31

AERO SKAGIT EMERGENCY SERVICE INC, founded in 1973, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 7% surplus.

Mission

PROVIDE EMERCENCY MEDICAL 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 $554

Program Service Revenue $1,532,594

Investment Income $1,964

Other Revenue $0

TOTAL REVENUE $1,535,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,159,241

Fundraising Expenses $0

Program Expenses $1,433,141

Other Expenses $275,462

TOTAL EXPENSES $1,434,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,535,112	$1,370,473	+0.1%
Expenses	$1,434,703	$1,522,116	-0.1%
Net Income	$100,409	$-151,643	-1.7%

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

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

$16,310

Total Directors

$126,410

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELISE HEMENWAY	SECRETARY/TR	11.00	Officer	$16,310	$0	$16,310
RICHARD FRANK	PRESIDENT	2.00	Officer	$0	$0	$0
BRUCE MARTIN	VICE PRESIDE	2.00	Officer	$0	$0	$0
ROD COFFELL	DIRECTOR	11.00	Director	$16,682	$0	$16,682
ANTHONY SMITH	ADVISOR	44.00	Director	$109,728	$0	$109,728

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	$1,535,112	$1,434,703	$1,129,320	$100,409
2022	$1,370,473	$1,522,116	$1,004,530	$-151,643
2021	$1,275,437	$1,259,412	$1,137,153	$16,025
2020	$1,211,699	$1,210,644	$1,068,382	$1,055
2019	$1,277,353	$1,092,114	$1,012,378	$185,239
2018	$1,005,271	$960,909	$730,287	$44,362

AERO SKAGIT EMERGENCY SERVICE INC