Boothbay Region Ambulance Service

Boothbay Region Ambulance Service consistently generates surpluses and grows assets with no reported officer compensation.

EIN: 10345660 · Boothbay, ME · NTEE: E62Z · Updated: 2026-03-28

$1.9MRevenue

$3.5MAssets

92/100Mission Score (Excellent)

E62Z

About Boothbay Region Ambulance Service

Boothbay Region Ambulance Service (EIN: 10345660) is a nonprofit organization based in Boothbay, ME, classified under NTEE code E62Z. The organization reported total revenue of $1.9M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boothbay Region Ambulance Service's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

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.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Boothbay Region Ambulance Service with a Mission Score of 92 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Boothbay Region Ambulance Service allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported in any of the 13 available IRS 990 filings, indicating either a volunteer leadership or that compensation is below reporting thresholds, which is highly favorable for a nonprofit of its size (latest revenue $1,889,648).

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.

Strengths

The following positive indicators were identified for Boothbay Region Ambulance Service:

Consistent operational surpluses in recent years (e.g., $382,532 in 202306).
Steady growth in assets, increasing from $1,235,612 in 201506 to $3,496,779 in 202306.
No reported officer compensation across all 13 filings, indicating strong resource allocation to mission.
Low liabilities relative to assets, demonstrating a healthy balance sheet.
Consistent IRS 990 filing history, indicating good transparency and compliance.

Frequently Asked Questions about Boothbay Region Ambulance Service

Is Boothbay Region Ambulance Service financially stable?

Yes, the organization appears financially stable. It has consistently generated surpluses in most recent years (e.g., $382,532 in 202306) and has shown steady growth in assets from $1,235,612 in 201506 to $3,496,779 in 202306.

How does Boothbay Region Ambulance Service manage its liabilities?

The organization manages its liabilities effectively, keeping them relatively low compared to its assets. For instance, in 202306, liabilities were $152,686 against assets of $3,496,779, indicating a strong financial position.

Does Boothbay Region Ambulance Service pay its officers?

Based on the provided IRS 990 data, Boothbay Region Ambulance Service has reported 0% officer compensation across all 13 filings, suggesting that officers are either volunteers or their compensation is not reportable.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Boothbay Region Ambulance Service's revenue has grown by 175.6%, moving from $762K to $2.1M. Total assets increased by 187.1% over the same period, from $1.2M to $3.5M. Total functional expenses rose by 182.4%, from $608K to $1.7M. In its most recent filing year (2023), Boothbay Region Ambulance Service reported a surplus of $383K, with revenue exceeding expenses. The organization holds $153K in liabilities against $3.5M in assets (debt-to-asset ratio: 4.4%), resulting in net assets of $3.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.1M	$1.7M	$3.5M	$153K	—	View 990
2022	$1.6M	$1.4M	$3.1M	$185K	—	View 990
2021	$1.5M	$1.5M	$2.8M	$51K	—	View 990
2020	$1.6M	$1.4M	$2.8M	$55K	—	View 990
2019	$1.2M	$1.2M	$2.6M	$42K	—	View 990
2018	$1.1M	$1.1M	$2.6M	$126K	—	View 990
2017	$741K	$1.1M	$2.6M	$60K	—	View 990
2016	$2.7M	$1.0M	$2.9M	$41K	—	View 990
2015	$938K	$973K	$1.2M	$24K	—	View 990
2014	$917K	$908K	$1.3M	$34K	—	View 990
2013	$876K	$715K	$1.4M	$101K	—	View 990
2012	$737K	$656K	$1.3M	$151K	—	View 990
2011	$762K	$608K	$1.2M	$177K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.1M, expenses of $1.7M, and assets of $3.5M (revenue +32.5% year-over-year).
2022: Revenue of $1.6M, expenses of $1.4M, and assets of $3.1M (revenue +2.5% year-over-year).
2021: Revenue of $1.5M, expenses of $1.5M, and assets of $2.8M (revenue -5.1% year-over-year).
2020: Revenue of $1.6M, expenses of $1.4M, and assets of $2.8M (revenue +34.0% year-over-year).
2019: Revenue of $1.2M, expenses of $1.2M, and assets of $2.6M (revenue +13.0% year-over-year).
2018: Revenue of $1.1M, expenses of $1.1M, and assets of $2.6M (revenue +45.3% year-over-year).
2017: Revenue of $741K, expenses of $1.1M, and assets of $2.6M (revenue -72.5% year-over-year).
2016: Revenue of $2.7M, expenses of $1.0M, and assets of $2.9M (revenue +186.6% year-over-year).
2015: Revenue of $938K, expenses of $973K, and assets of $1.2M (revenue +2.4% year-over-year).
2014: Revenue of $917K, expenses of $908K, and assets of $1.3M (revenue +4.7% year-over-year).
2013: Revenue of $876K, expenses of $715K, and assets of $1.4M (revenue +18.8% year-over-year).
2012: Revenue of $737K, expenses of $656K, and assets of $1.3M (revenue -3.2% year-over-year).
2011: Revenue of $762K, expenses of $608K, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Boothbay Region Ambulance Service 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.