Ambulance Service Corporation Inc
- Assets
- $8.1m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 91
- Location
- Glasgow, KY
- Founding
- 12/1976
- Data as of
- 06/2022
- EIN
- 61-0868296
Organization Overview
Ambulance Service Corporation Inc is located in Glasgow, KY. The organization was established in 1976. 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, Ambulance Service Corporation Inc employed 91 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ambulance Service Corporation 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, Ambulance Service Corporation Inc generated $5.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. While expenses have increased by 12.0% 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
TO PROVIDE EMERGENCY MEDICAL SERVICES AND MEDICAL TRANSPORTATION TO THE CITIZENS OF BARREN AND METCALFE COUNTIES IN SOUTH CENTRAL KENTUCKY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EMERGENCY MEDICAL SERVICES AND TRANSPORTATION TO THE CITIZENS OF BARREN AND METCALFE COUNTIES IN SOUTH CENTRAL KENTUCKY. THE AMBULANCE SERVICE RESPONDED TO A TOTAL OF 10,796 REQUESTS FOR SERVICES FOR WHICH GLASGOW/BARREN COUNTY STATION RESPONDED TO 9,217 AND THE EDMONTON/METCALFE STATION RESPONDED TO 1,579.
TO PROVIDE EMERGENCY MEDICAL SERVICES AND MEDICAL TRANSPORTATION TO THE CITIZENS OF BARREN AND METCALFE COUNTIES IN SOUTH CENTRAL KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ervin Sorrell Secretary/tr | OfficerTrustee | 0.5 | $0 |
Fay Neal Chairman | OfficerTrustee | 0.5 | $0 |
Neil Thornbury Vice Chairma | OfficerTrustee | 0.5 | $0 |
Jackie Brown Member | Trustee | 0.5 | $0 |
Micheal Hale Member | Trustee | 0.5 | $0 |
Harold Stilts Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,281,578 |
| Government grants | $31,474 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,835,705 |
| Total Program Service Revenue | $3,882,182 |
| Investment income | $1,866 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,637 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,725,219 |
| 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 | $2,354,920 |
| Pension plan accruals and contributions | $2,176,848 |
| Other employee benefits | $479,319 |
| Payroll taxes | $183,112 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,285 |
| Fees for services: Accounting | $16,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $572,236 |
| Advertising and promotion | $0 |
| Office expenses | $6,812 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,041 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $417,442 |
| Insurance | $156,904 |
| All other expenses | $32,974 |
| Total functional expenses | $6,927,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,634,546 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,157 |
| 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 | $4,524,260 |
| Net Land, buildings, and equipment | $1,546,938 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,835 |
| Total assets | $8,091,736 |
| Accounts payable and accrued expenses | $696,193 |
| Grants payable | $0 |
| Deferred revenue | $2,472,460 |
| 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 | $12,726,016 |
| Total liabilities | $15,894,669 |
| Net assets without donor restrictions | -$7,802,933 |
| 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 | $8,091,736 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Care Ambulance Network Ashtabula, OH | $8,251,226 | $16,332,903 |
Memphis Medical Center Air Ambulance Service Inc Memphis, TN | $52,176,003 | $31,799,991 |
Sandy Valley Transportation Services Inc Prestonsburg, KY | $8,772,616 | $10,534,380 |
Monongalia Emergency Medical Services Inc Morgantown, WV | $4,567,760 | $10,479,493 |
Morristown Hamblen Emergency Medical Service Company Morristown, TN | $2,987,795 | $7,412,179 |
Community Ambulance Service Zanesville, OH | $6,559,824 | $6,872,731 |
Ambulance Service Corporation Inc Glasgow, KY | $8,091,736 | $5,725,219 |
Galesburg Hospitals Ambulance Service Galesburg, IL | $11,948,040 | $6,693,156 |
Fisher-Titus Affiliated Services Norwalk, OH | $1,560,174 | $4,662,550 |
Princeton Rescue Squad Inc Princeton, WV | $6,888,373 | $5,148,962 |
Ambulance Inc Of Laurel County London, KY | $1,730,148 | $4,966,913 |
Greater Joplin Area Emergency Medical Services System Inc Joplin, MO | $7,078,353 | $5,759,807 |