Ambulance Service Inc

Ambulance Service Inc. maintains stable finances with no reported officer compensation.

EIN: 10323915 · Fort Kent, ME · Updated: 2026-03-28

$1.5MRevenue

$1.5MAssets

85/100Mission Score (Excellent)

Is Ambulance Service Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Ambulance Service Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Ambulance Service Inc

Ambulance Service Inc (EIN: 10323915) is a nonprofit organization based in Fort Kent, ME. The organization reported total revenue of $1.5M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ambulance Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Ambulance Service Inc. demonstrates a generally stable financial position, with assets consistently exceeding liabilities across the reviewed periods. While revenue and expenses have fluctuated, the organization has maintained a positive net asset position. For instance, in 2023, assets were $1,230,229 against liabilities of $468,902. The organization's financial health appears sound, with a consistent ability to cover its obligations. 

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent operation and growth in assets suggest effective management of resources to deliver its services. The absence of reported officer compensation is a notable point regarding executive spending. 

Transparency is good given the consistent filing of IRS Form 990s. The organization has a long history of public filings, indicating a commitment to disclosing its financial activities. However, the lack of specific NTEE code information makes it harder to benchmark against similar organizations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Ambulance Service Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Ambulance Service Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Ambulance Service Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size and revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Ambulance Service Inc's IRS 990 filings:

Unusually low or zero reported officer compensation for an organization of this size, which might indicate alternative compensation structures or volunteer leadership not fully captured.
NTEE Code is unknown, making it difficult to benchmark against peer organizations for efficiency metrics.

Strengths

The following positive indicators were identified for Ambulance Service Inc:

Consistent financial stability with assets regularly exceeding liabilities.
Strong history of IRS 990 filings, indicating good transparency.
No reported officer compensation, suggesting resources are not allocated to executive salaries.
Consistent revenue generation and asset growth over the past decade.

Frequently Asked Questions about Ambulance Service Inc

Is Ambulance Service Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Ambulance Service Inc (EIN: 10323915) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

How does Ambulance Service Inc spend its money?

Ambulance Service Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Ambulance Service Inc tax-deductible?

Ambulance Service Inc is registered as a tax-exempt nonprofit (EIN: 10323915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Ambulance Service Inc. financially stable?

Yes, Ambulance Service Inc. appears financially stable. Their assets consistently exceed liabilities, for example, in 2023, assets were $1,230,229 against liabilities of $468,902, indicating a healthy balance sheet.

Does Ambulance Service Inc. pay its officers?

Based on the IRS 990 filings, Ambulance Service Inc. consistently reports 0% officer compensation, suggesting no salaries or other compensation were paid to its officers, directors, trustees, or key employees.

How has Ambulance Service Inc.'s revenue trended?

Ambulance Service Inc.'s revenue has fluctuated but shown overall growth, from $852,729 in 2014 to $1,081,828 in 2023, with a peak of $1,173,101 in 2022.

What is the organization's asset growth like?

The organization has shown consistent asset growth, increasing from $1,098,036 in 2014 to $1,230,229 in 2023, demonstrating a healthy accumulation of resources over time.

Filing History

IRS 990 filing history for Ambulance Service Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Ambulance Service Inc's revenue has grown by 35.1%, moving from $801K to $1.1M. Total assets increased by 101% over the same period, from $612K to $1.2M. Total functional expenses rose by 45.4%, from $771K to $1.1M. In its most recent filing year (2023), Ambulance Service Inc reported a deficit of $39K, with expenses exceeding revenue. The organization holds $469K in liabilities against $1.2M in assets (debt-to-asset ratio: 38.1%), resulting in net assets of $761K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.1M	$1.1M	$1.2M	$469K	—	—
2022	$1.2M	$1.1M	$1.0M	$222K	—	View 990
2021	$830K	$872K	$1.1M	$417K	—	View 990
2020	$924K	$832K	$933K	$187K	—	—
2019	$878K	$848K	$772K	$117K	—	View 990
2018	$903K	$944K	$744K	$119K	—	View 990
2017	$993K	$918K	$679K	$13K	—	—
2016	$778K	$946K	$743K	$152K	—	View 990
2015	$847K	$920K	$985K	$227K	—	View 990
2014	$853K	$817K	$1.1M	$267K	—	View 990
2013	$874K	$754K	$1.0M	$224K	—	View 990
2012	$1.0M	$809K	$862K	$186K	—	View 990
2011	$801K	$771K	$612K	$155K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.1M, expenses of $1.1M, and assets of $1.2M (revenue -7.8% year-over-year).
2022: Revenue of $1.2M, expenses of $1.1M, and assets of $1.0M (revenue +41.3% year-over-year).
2021: Revenue of $830K, expenses of $872K, and assets of $1.1M (revenue -10.1% year-over-year).
2020: Revenue of $924K, expenses of $832K, and assets of $933K (revenue +5.2% year-over-year).
2019: Revenue of $878K, expenses of $848K, and assets of $772K (revenue -2.8% year-over-year).
2018: Revenue of $903K, expenses of $944K, and assets of $744K (revenue -9.1% year-over-year).
2017: Revenue of $993K, expenses of $918K, and assets of $679K (revenue +27.7% year-over-year).
2016: Revenue of $778K, expenses of $946K, and assets of $743K (revenue -8.1% year-over-year).
2015: Revenue of $847K, expenses of $920K, and assets of $985K (revenue -0.7% year-over-year).
2014: Revenue of $853K, expenses of $817K, and assets of $1.1M (revenue -2.4% year-over-year).
2013: Revenue of $874K, expenses of $754K, and assets of $1.0M (revenue -15.0% year-over-year).
2012: Revenue of $1.0M, expenses of $809K, and assets of $862K (revenue +28.3% year-over-year).
2011: Revenue of $801K, expenses of $771K, and assets of $612K.

Data Sources and Methodology

This transparency report for Ambulance Service Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.