First Branch Ambulance Service Inc
First Branch Ambulance Service: Consistent Operations, Asset Growth, and Transparency Opportunities
EIN: 222582500 · Chelsea, VT · NTEE: M23 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $437K |
| Total Expenses | $388K |
| Program Spending | 85% |
| Net Assets | $279K |
| Transparency Score | 75/100 |
Is First Branch Ambulance Service Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
First Branch Ambulance Service Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About First Branch Ambulance Service Inc
First Branch Ambulance Service Inc (EIN: 222582500) is a nonprofit organization based in Chelsea, VT, classified under NTEE code M23. The organization reported total revenue of $437K and total assets of $373K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of First Branch Ambulance Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
First Branch Ambulance Service Inc is a small nonprofit that has been operating for 11 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $416K |
| Total Expenses | $388K |
| Surplus / Deficit | +$27K |
| Total Assets | $333K |
| Total Liabilities | $54K |
| Net Assets | $279K |
| Operating Margin | 6.6% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 10.3 months |
Financial Health Grade: A
In 2023, First Branch Ambulance Service Inc reported a surplus of $27K with revenue exceeding expenses, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), First Branch Ambulance Service Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +10.5% | +2.4% |
| 2022 | -3.0% | -13.3% | +6.0% |
| 2021 | +13.2% | +17.6% | -18.0% |
| 2020 | +15.3% | +18.4% | -0.7% |
| 2019 | +23.2% | +14.1% | +25.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates First Branch Ambulance Service Inc with a Mission Score of 75 out of 100 (Good). 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, First Branch 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $27K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-based leadership structure or compensation levels below mandatory disclosure thresholds.
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 First Branch Ambulance Service Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes it difficult to fully assess operational efficiency.
- The consistent 0% compensation reported for executives could mask indirect benefits or non-cash compensation not captured in the provided data.
Strengths
The following positive indicators were identified for First Branch Ambulance Service Inc:
- Consistent revenue generation and asset growth over the past several years, with assets increasing from $299,822 in 2018 to $373,350 in 2023.
- Maintains a positive net asset position, demonstrating financial stability.
- Consistent operational presence in Chelsea, VT, providing essential emergency services.
- Low liability figures relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about First Branch Ambulance Service Inc
Is First Branch Ambulance Service Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, First Branch Ambulance Service Inc (EIN: 222582500) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does First Branch Ambulance Service Inc spend its money?
First Branch Ambulance Service Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to First Branch Ambulance Service Inc tax-deductible?
First Branch Ambulance Service Inc is registered as a tax-exempt nonprofit (EIN: 222582500). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of First Branch Ambulance Service Inc's spending goes to programs?
First Branch Ambulance Service Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does First Branch Ambulance Service Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), First Branch Ambulance Service Inc is above average for NTEE category M23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is First Branch Ambulance Service Inc located?
First Branch Ambulance Service Inc is headquartered in Chelsea, Vermont and files with the IRS under EIN 222582500. It is classified under NTEE code M23.
How many years of IRS 990 filings does First Branch Ambulance Service Inc have?
First Branch Ambulance Service Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $437K in total revenue.
What does First Branch Ambulance Service Inc do?
First Branch Ambulance Service Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Chelsea, Vermont. It is classified under NTEE code M23.
How much revenue does First Branch Ambulance Service Inc have?
First Branch Ambulance Service Inc reported total revenue of $436,796. Based on 13 IRS 990 filings on record.
What are First Branch Ambulance Service Inc's total assets?
First Branch Ambulance Service Inc holds total assets of $373,350 as reported in IRS 990 filings.
Where is First Branch Ambulance Service Inc located?
First Branch Ambulance Service Inc is based in Chelsea, Vermont.
What is First Branch Ambulance Service Inc's EIN?
First Branch Ambulance Service Inc's Employer Identification Number (EIN) is 222582500. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is First Branch Ambulance Service Inc?
First Branch Ambulance Service Inc is classified under NTEE code M23 (Public Safety & Disaster Preparedness).
Is First Branch Ambulance Service Inc a registered 501(c)(3)?
Yes, First Branch Ambulance Service Inc is recognized as a tax-exempt organization by the IRS. EIN: 222582500.
Does First Branch Ambulance Service Inc file IRS Form 990?
Yes, First Branch Ambulance Service Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was First Branch Ambulance Service Inc's revenue in 2023?
In the 202312 filing period, First Branch Ambulance Service Inc reported total revenue of $415,617, total expenses of $388,262, and net assets of $332,890.
Is First Branch Ambulance Service Inc's revenue growing or declining?
First Branch Ambulance Service Inc's revenue is growing. Revenue went from $388,765 (202212) to $415,617 (202312), a +6.9% change. Based on 13 filings on record.
What is First Branch Ambulance Service Inc's most recent 990 filing?
The most recent IRS Form 990 filing for First Branch Ambulance Service Inc covers tax period 202312. It shows revenue of $415,617, expenses of $388,262, total assets of $332,890, and liabilities of $54,012.
How much does First Branch Ambulance Service Inc spend on programs vs administration?
Based on IRS 990 analysis, First Branch Ambulance Service Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is First Branch Ambulance Service Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, First Branch Ambulance Service Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for First Branch Ambulance Service Inc?
The following concerns were identified: Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes it difficult to fully assess operational efficiency.. The consistent 0% compensation reported for executives could mask indirect benefits or non-cash compensation not captured in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are First Branch Ambulance Service Inc's strengths?
Positive indicators for First Branch Ambulance Service Inc include: Consistent revenue generation and asset growth over the past several years, with assets increasing from $299,822 in 2018 to $373,350 in 2023.. Maintains a positive net asset position, demonstrating financial stability.. Consistent operational presence in Chelsea, VT, providing essential emergency services.. Low liability figures relative to assets, indicating a healthy balance sheet.. These findings are derived from AI analysis of the organization's financial filings.
How does First Branch Ambulance Service Inc compensate executives?
Executive compensation is reported as 0% across all available filings, indicating a volunteer-based leadership structure or compensation levels below mandatory disclosure thresholds. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% executive compensation, what mechanisms are in place to ensure leadership continuity and prevent burnout in a volunteer-led emergency service organization?
While the data indicates no reported executive compensation, a volunteer-led model for an ambulance service would typically rely on strong community engagement, a robust volunteer recruitment and retention program, and potentially a board of directors providing oversight and strategic direction to mitigate burnout and ensure leadership continuity.
How does First Branch Ambulance Service Inc. manage its capital expenditures and equipment upgrades, especially with fluctuating annual revenues and a reliance on accumulated assets?
The organization's consistent asset growth, from $299,822 in 2018 to $373,350 in 2023, suggests a strategy of reinvesting surplus revenues and potentially leveraging grants or community donations to fund capital expenditures and equipment upgrades, rather than solely relying on annual revenue fluctuations.
Filing History
IRS 990 filing history for First Branch Ambulance Service Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), First Branch Ambulance Service Inc's revenue has grown by 159%, moving from $160K to $416K. Total assets increased by 74.5% over the same period, from $191K to $333K. Total functional expenses rose by 157.3%, from $151K to $388K. In its most recent filing year (2023), First Branch Ambulance Service Inc reported a surplus of $27K, with revenue exceeding expenses. The organization holds $54K in liabilities against $333K in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $279K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $416K | $388K | $333K | $54K | — | View 990 |
| 2022 | $389K | $352K | $325K | $74K | — | View 990 |
| 2021 | $401K | $406K | $307K | $92K | — | View 990 |
| 2020 | $354K | $345K | $374K | $155K | — | — |
| 2019 | $307K | $291K | $377K | $166K | — | View 990 |
| 2018 | $249K | $255K | $300K | $105K | — | View 990 |
| 2017 | $263K | $257K | $332K | $132K | — | View 990 |
| 2016 | $256K | $202K | $353K | $157K | — | View 990 |
| 2015 | $203K | $195K | $208K | $67K | — | View 990 |
| 2014 | $152K | $124K | $191K | $0 | — | View 990 |
| 2013 | $148K | $149K | $191K | $0 | — | View 990 |
| 2012 | $172K | $177K | $191K | $76K | — | View 990 |
| 2011 | $160K | $151K | $191K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $416K, expenses of $388K, and assets of $333K (revenue +6.9% year-over-year).
- 2022: Revenue of $389K, expenses of $352K, and assets of $325K (revenue -3.0% year-over-year).
- 2021: Revenue of $401K, expenses of $406K, and assets of $307K (revenue +13.2% year-over-year).
- 2020: Revenue of $354K, expenses of $345K, and assets of $374K (revenue +15.3% year-over-year).
- 2019: Revenue of $307K, expenses of $291K, and assets of $377K (revenue +23.2% year-over-year).
- 2018: Revenue of $249K, expenses of $255K, and assets of $300K (revenue -5.2% year-over-year).
- 2017: Revenue of $263K, expenses of $257K, and assets of $332K (revenue +2.7% year-over-year).
- 2016: Revenue of $256K, expenses of $202K, and assets of $353K (revenue +26.1% year-over-year).
- 2015: Revenue of $203K, expenses of $195K, and assets of $208K (revenue +33.5% year-over-year).
- 2014: Revenue of $152K, expenses of $124K, and assets of $191K (revenue +3.0% year-over-year).
- 2013: Revenue of $148K, expenses of $149K, and assets of $191K (revenue -14.2% year-over-year).
- 2012: Revenue of $172K, expenses of $177K, and assets of $191K (revenue +7.2% year-over-year).
- 2011: Revenue of $160K, expenses of $151K, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for First Branch Ambulance Service Inc:
Data Sources and Methodology
This transparency report for First Branch 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.