Hope Valley Ambulance Squad Inc
- Assets
- $915.1k
- Revenue
- $548.4k
- Investments
- $0.0
- Employees
- 16
- Location
- Hope Valley, RI
- Founding
- 05/1975
- Data as of
- 12/2021
- EIN
- 51-0173270
Organization Overview
Hope Valley Ambulance Squad Inc is located in Hope Valley, RI. The organization was established in 1975. 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 12/2021, Hope Valley Ambulance Squad Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope Valley Ambulance Squad 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 12/2021, Hope Valley Ambulance Squad Inc generated $548.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $556.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE EMERGENCY MEDICAL SERVICES TO THE GEOGRAPHIC TERRITORY AS SPECIFIED IN THE 911 COOPERATIVE AGREEMENTS, PROVIDE MUTUAL AID SERVICE TO AREA ORGANIZATIONS, AND PROVIDE THE PUBLIC WITH HEALTH INFORMATION THROUGH VARIOUS CLASSES, TRAINING AND PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2021, THE AMBULANCE SQUAD RESPONDED TO APPROXIMATELY 1,400 CALLS, COVERING THE ENTIRE TOWN OF RICHMOND, RI AND APPROXIMATELY HALF OF THE TOWN OF HOPKINTON, RI. IN ADDITION, THE SERVICE AREA INCLUDES PORTION OF ROUTE 95, A MAJOR INTERSTATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alyssa Fox Treasurer | OfficerTrustee | 20 | $0 |
Daniel Sherman Chief | OfficerTrustee | 20 | $0 |
George Sherman Deputy Chief | OfficerTrustee | 20 | $0 |
Kevin Matson Vice President | OfficerTrustee | 20 | $0 |
Patrick Hawkins President | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $76,240 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $115,212 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $191,452 |
| Total Program Service Revenue | $355,303 |
| Investment income | $2,311 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $548,422 |
| 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 | $261,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,113 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,755 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,972 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,480 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,271 |
| Insurance | $57,337 |
| All other expenses | $27,299 |
| Total functional expenses | $556,582 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,200 |
| Savings and temporary cash investments | $108,508 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $557,395 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $915,103 |
| Accounts payable and accrued expenses | $0 |
| 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 | $201,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $201,052 |
| Net assets without donor restrictions | $680,867 |
| Net assets with donor restrictions | $33,184 |
| 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 | $915,103 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hope Valley Ambulance Squad Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Ashaway Charitable Trust Westerly, RI PURPOSE: OPERATIONS | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New England Life Flight Inc Bedford, MA | $98,645,956 | $52,794,964 |
Trinity Health Of New England Emergency Medical Services Inc Hartford, CT | $6,945,018 | $12,377,305 |
The Stamford Emergency Medical Services Inc Stamford, CT | $6,406,004 | $10,234,183 |
Greenwich Emergency Medical Service Incorporated Riverside, CT | $9,847,811 | $9,658,090 |
New Britain Emergency Medical Services Incorporated New Britain, CT | $4,306,412 | $9,201,553 |
North Adams Ambulance Service Inc North Adams, MA | $5,688,006 | $7,310,779 |
Webster Emergency Medical Services Inc Webster, MA | $3,286,799 | $3,028,468 |
Kb Ambulance Corps Inc Danielson, CT | $2,317,066 | $2,951,137 |
Groton Ambulance Assoc Inc Groton, CT | $844,681 | $2,264,654 |
Wolcott Volunteer Ambulance Association Inc Wolcott, CT | $805,073 | $2,805,832 |
The Westerly Ambulance Corps Inc Westerly, RI | $4,557,028 | $2,503,156 |
Echo Hose Hook And Ladder Ambulance Corps Inc Shelton, CT | $1,401,654 | $2,612,832 |