Is Raymond Ambulance Inc Legit?

Raymond Ambulance Inc. demonstrates a consistent commitment to its mission of providing emergency medical services, as evidenced by its NTEE code E62Z. Financially, the organization has experienced some fluctuations in recent years. In 2023, expenses ($748,895) exceeded revenue ($694,246), resulting in a deficit, a trend also observed in 2022 and 2020. This indicates a need for careful financial management to ensure long-term sustainability. Despite these deficits, the organization maintains a healthy asset base relative to its liabilities, with assets of $288,799 and liabilities of $50,682 in 2023, suggesting a reasonable financial cushion. The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that the organization is likely volunteer-driven at the leadership level, which can significantly reduce administrative overhead and maximize funds directed towards programs. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. Transparency is high due to consistent 990 filings and the clear reporting of financial metrics. Overall, Raymond Ambulance Inc. appears to be a dedicated and efficiently run organization, though it faces the common challenge of balancing expenses with revenue in certain periods. Its strong asset-to-liability ratio and zero officer compensation are significant strengths, indicating a well-managed and mission-focused entity. Continued monitoring of revenue generation and expense control will be crucial for sustained financial health.