Mad River Valley Ambulance Service Inc
- Assets
- $1.5m
- Revenue
- $516.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Waitsfield, VT
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 23-7153864
Organization Overview
Mad River Valley Ambulance Service Inc is located in Waitsfield, VT. The organization was established in 1998. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, Mad River Valley Ambulance Service Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mad River Valley 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 12/2022, Mad River Valley Ambulance Service Inc generated $516.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $430.6k during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 4 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
TO PROVIDE THE MAD RIVER VALLEY WITH EMERGENCY FIRST AID CARE AND AMBULANCE TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1970, THE MAD RIVER VALLEY AMBULANCE SERVICE (MRVAS) HAS BEEN PROVIDING 24-HOUR EMERGENCY MEDICAL SERVICE TO RESIDENTS AND VISITORS OF THE MAD RIVER VALLEY, AS WELL AS THE SUGARBUSH AND MAD RIVER GLEN SKI AREAS. SINCE ITS INCEPTION, MRVAS HAS UNDERGONE CONSIDERABLE GROWTH TO KEEP PACE WITH THE GROWING NEEDS OF THE COMMUNITY, AS WELL AS ADVANCES IN EMERGENCY MEDICAL CARE. THE SERVICE IS FORTUNATE TO HAVE A HIGHLIY DEDICATED GROUP OF OVER 60 VOLUNTEERS, MANY OF WHOM HAVE ADVANCED TRAINING AND CERTIFICATION WHICH ENABLES THEM TO PERFORM ADVANCED LIFE SUPPORT PROCEDURES. NONE OF THESE VOLUNTEERS ARE COMPENSATED FOR THEIR TIME, WHICH INCLUDES A MINIMUM OF FIVE 12-HOUR DUTY SHIFTS PER MONTH, PLUS AT LEAST ONE NIGHT OF TRAINING EACH MONTH AS WELL AS OTHER DUTIES REQUIRED BY MRVAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Walker Randall Rescue Coord | Trustee | 10 | $0 |
Mark Haviland Als Officer | Trustee | 3 | $0 |
Patricia Martley Head Dispatc | Trustee | 10 | $0 |
Susan Burbank Member At La | Trustee | 2 | $0 |
David Schantz Member At La | Trustee | 2 | $0 |
Sheila Ware President | OfficerTrustee | 27 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $50,825 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $162,898 |
| Total Program Service Revenue | $344,947 |
| Investment income | $7,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $516,811 |
| 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 | $56,881 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,351 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,393 |
| Advertising and promotion | $0 |
| Office expenses | $39,752 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,714 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $141,130 |
| Insurance | $26,354 |
| All other expenses | $46,456 |
| Total functional expenses | $430,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,511 |
| Savings and temporary cash investments | $2,880 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $80,136 |
| 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 | $23,619 |
| Net Land, buildings, and equipment | $935,686 |
| Investments—publicly traded securities | $362,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,484,944 |
| Accounts payable and accrued expenses | $6,288 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,288 |
| Net assets without donor restrictions | $1,458,188 |
| Net assets with donor restrictions | $20,468 |
| 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 | $1,484,944 |