Is Boothbay Region Ambulance Service Legit?

Boothbay Region Ambulance Service demonstrates consistent financial health, with revenues generally exceeding expenses in recent years, leading to growth in assets. For example, in the 202306 period, revenue was $2,099,736 against expenses of $1,717,204, resulting in a surplus. The organization's assets have steadily increased from $1,235,612 in 201506 to $3,496,779 in 202306, indicating sound financial management and capacity building. Liabilities remain relatively low compared to assets, suggesting a healthy balance sheet. Spending efficiency appears strong, particularly given the nature of emergency services. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the consistent operational surpluses suggest effective resource allocation. The absence of reported officer compensation across all filings indicates a commitment to directing funds towards the mission rather than executive salaries, which is a positive sign for donor confidence and operational efficiency. Transparency is high regarding executive compensation, as no officer compensation has been reported in any of the available filings. This suggests either a volunteer leadership structure or that compensation falls below reporting thresholds, both of which are favorable for a nonprofit. The consistent filing of IRS Form 990s over many years also points to a commitment to public accountability.