Regional Ambulance Service Inc
- Assets
- $12.9m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 85
- Location
- Rutland, VT
- Founding
- 09/1983
- Data as of
- 06/2023
- EIN
- 03-0286379
Organization Overview
Regional Ambulance Service Inc is located in Rutland, VT. The organization was established in 1983. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 06/2023, Regional Ambulance Service Inc employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regional Ambulance Service Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Regional Ambulance Service Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $4.3m during the year ending 06/2023. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS SERVING PEOPLE FIRST WITH PRIDE, PROFICIENCY AND PROFESSIONALISM. WE OFFER EMERGENCY, AMBULANCE, AND PARAMEDIC SERVICES FOR RUTLAND CITY AND SURROUNDING TOWNS IN VERMONT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICENSED AT THE PARAMEDIC LEVEL, THE REGIONAL AMBULANCE SERVICE IS A NON-PROFIT CORPORATION SERVING THE TOWNS OF CASTLETON, KILLINGTON, RUTLAND CITY, CHITTENDEN, MENDON, WEST RUTLAND, CLARENDON, PITTSFORD, RUTLAND TOWN, IRA, PROCTOR, AND SHREWSBURY IN VERMONT. REGIONAL AMBULANCE SERVICE, INC. IS NOW THE LARGEST AMBULANCE SERVICE IN VERMONT. THE SERVICE HAS BEEN LICENSED AS A PARAMEDIC SERVICE SINCE 1990 AND PROVIDES ADVANCED LIFE SUPPORT TO THE CITIZENS WE SERVE IN 12 COMMUNITIES. THE SERVICE HAS SEVEN AMBULANCES AND A QUALIFIED STAFF OF OVER 50 STATE CERTIFIED EMERGENCY MEDICAL TECHNICIANS AND PARAMEDICS. REGIONAL AMBULANCE RESPONDED TO 11,255 CALLS LAST YEAR. EACH YEAR WE HAVE SPECIAL TRAINING IN CRITICAL CARE PARAMEDICINE, ADVANCED CARDIAC LIFE SUPPORT, BASIC LIFE SUPPORT, PREHOSPITAL ADVANCED TRAUMA LIFE SUPPORT, PEDIATRIC ADVANCED LIFE SUPPORT, EMERGENCY VEHICLE OPERATOR, BLOODBORNE PATHOGENS AND A VARIETY OF CONTINUING EDUCATION PROGRAMS. OUR PROFESSIONAL STAFF IS EXTREMELY CAPABLE AND DEDICATED. R.A.S. DRAWS ITS STRENGTH FROM THE SKILL AND DEDICATION OF ITS STAFF. WE BELIEVE THAT IN THE FUTURE THIS SOURCE OF STRENGTH WILL CONTINUE TO BE OUR MOST IMPORTANT ASSET. MONTHLY C.P.R. CLASSES ARE TAUGHT AT REGIONAL AMBULANCE. LAST YEAR, THROUGH THE R.A.S. TRAINING CENTER, 1,755 PEOPLE WERE TRAINED IN C.P.R., A FIGURE WHICH IS BEGINNING TO REBOUND AFTER COVID. TOURS,LECTURES, DEMONSTRATIONS, AND C.P.R. CLASSES ARE AVAILABLE FOR THE GENERAL PUBLIC. CHILD CAR SEAT INSPECTIONS ARE HELD WEDNESDAYS AT THE REGIONAL AMBULANCE BUILDING AND 65 CHILD CAR SEAT INSPECTIONS WERE COMPLETED THROUGH THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James A Finger Cea | Officer | 40 | $135,196 |
Paul Kulig President | OfficerTrustee | 2 | $0 |
Mary Ann Reich Director | Trustee | 1 | $0 |
Joseph Bernor Director | Trustee | 1 | $0 |
Jerri Hoffman Director | Trustee | 1 | $0 |
Aleda Dutton Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $157,199 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,980 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $186,179 |
| Total Program Service Revenue | $4,411,429 |
| Investment income | $135,422 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $28,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,761,416 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $135,196 |
| Compensation of current officers, directors, key employees. | $135,196 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,299,954 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $386,727 |
| Payroll taxes | $183,121 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,019 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,590 |
| Advertising and promotion | $5,338 |
| Office expenses | $51,985 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,815 |
| Travel | $28,902 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $308,111 |
| Insurance | $167,983 |
| All other expenses | $35,323 |
| Total functional expenses | $4,314,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $725 |
| Savings and temporary cash investments | $879,833 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $519,649 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $207,060 |
| Net Land, buildings, and equipment | $2,049,567 |
| Investments—publicly traded securities | $9,253,896 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,910,730 |
| Accounts payable and accrued expenses | $218,947 |
| Grants payable | $0 |
| Deferred revenue | $24,465 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,600 |
| Total liabilities | $251,012 |
| Net assets without donor restrictions | $12,659,718 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,910,730 |