Middlebury Volunteer Ambulance Association Inc
- Assets
- $4.1m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 70
- Location
- Middlebury, VT
- Founding
- 11/1970
- Data as of
- 06/2022
- EIN
- 23-7085925
Organization Overview
Middlebury Volunteer Ambulance Association Inc, operating under the name Middlebury Regional Emergency & Medical Services Inc, is located in Middlebury, VT. The organization was established in 1970. 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 06/2022, Middlebury Regional Emergency & Medical Services Inc employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middlebury Regional Emergency & Medical Services 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 06/2022, Middlebury Regional Emergency & Medical Services Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $2.2m during the year ending 06/2022. While expenses have increased by 8.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AMBULANCE SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EMERGENCY MEDICAL SERVICES AND AMBULANCE SERVICE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walter Ducharme President | Officer | 2 | $0 |
Ben Fuller Vice President | Officer | 2 | $0 |
Mark Young Treasurer | Officer | 2 | $0 |
Kate Rothwell Director | Trustee | 2 | $105,081 |
Eric Murray Trustee | Trustee | 2 | $0 |
Bill Nelson Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,515,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,515,294 |
| Total Program Service Revenue | $1,581,523 |
| Investment income | $438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,103,180 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,241,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $98,217 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,924 |
| Fees for services: Accounting | $10,238 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,746 |
| Office expenses | $14,884 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,086 |
| Travel | $51 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,027 |
| Insurance | $106,807 |
| All other expenses | $442,252 |
| Total functional expenses | $2,172,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,773 |
| Savings and temporary cash investments | $540,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,288 |
| 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 | $24,566 |
| Net Land, buildings, and equipment | $3,071,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,138,405 |
| Accounts payable and accrued expenses | $15,971 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $169,980 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,994 |
| Total liabilities | $195,945 |
| Net assets without donor restrictions | $3,942,460 |
| 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 | $4,138,405 |