Lower Somerset County Ambulance And Rescue Squad Inc
EIN: 521217479 · Crisfield, MD · NTEE: E11
| Metric | Value |
|---|---|
| Total Revenue | $321K |
| Total Expenses | $349K |
| Net Assets | $550K |
Is Lower Somerset County Ambulance And Rescue Squad Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lower Somerset County Ambulance And Rescue Squad Inc
Lower Somerset County Ambulance And Rescue Squad Inc (EIN: 521217479) is a nonprofit organization based in Crisfield, MD, classified under NTEE code E11. The organization reported total revenue of $321K and total assets of $569K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lower Somerset County Ambulance And Rescue Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lower Somerset County Ambulance And Rescue Squad Inc is a small nonprofit that has been operating for 5 years, with 14 years of IRS 990 filings on record (2010–2024). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $328K |
| Total Expenses | $349K |
| Surplus / Deficit | $-20,295 |
| Total Assets | $614K |
| Total Liabilities | $64K |
| Net Assets | $550K |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 10.5% |
| Months of Reserves | 21.1 months |
Financial Health Grade: B
In 2024, Lower Somerset County Ambulance And Rescue Squad Inc reported a deficit of $20K with expenses exceeding revenue, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 10.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2024), Lower Somerset County Ambulance And Rescue Squad Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.8% | +33.6% | -8.0% |
| 2023 | +7.0% | -5.7% | -6.4% |
| 2022 | +0.0% | +4.4% | +20.2% |
| 2021 | +29.6% | -6.4% | +1.1% |
| 2020 | -19.8% | +14.0% | +52.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lower Somerset County Ambulance And Rescue Squad Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lower Somerset County Ambulance And Rescue Squad Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.5%.
Frequently Asked Questions about Lower Somerset County Ambulance And Rescue Squad Inc
Is Lower Somerset County Ambulance And Rescue Squad Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lower Somerset County Ambulance And Rescue Squad Inc (EIN: 521217479) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lower Somerset County Ambulance And Rescue Squad Inc spend its money?
Detailed spending breakdown data is not yet available for Lower Somerset County Ambulance And Rescue Squad Inc. Check back for updated IRS 990 analysis.
Are donations to Lower Somerset County Ambulance And Rescue Squad Inc tax-deductible?
Lower Somerset County Ambulance And Rescue Squad Inc is registered as a tax-exempt nonprofit (EIN: 521217479). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lower Somerset County Ambulance And Rescue Squad Inc located?
Lower Somerset County Ambulance And Rescue Squad Inc is headquartered in Crisfield, Maryland and files with the IRS under EIN 521217479. It is classified under NTEE code E11.
How many years of IRS 990 filings does Lower Somerset County Ambulance And Rescue Squad Inc have?
Lower Somerset County Ambulance And Rescue Squad Inc has 14 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 $321K in total revenue.
Filing History
IRS 990 filing history for Lower Somerset County Ambulance And Rescue Squad Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2024), Lower Somerset County Ambulance And Rescue Squad Inc's revenue has grown by 621.9%, moving from $46K to $328K. Total assets increased by 49.9% over the same period, from $410K to $614K. Total functional expenses rose by 909.3%, from $35K to $349K. In its most recent filing year (2024), Lower Somerset County Ambulance And Rescue Squad Inc reported a deficit of $20K, with expenses exceeding revenue. The organization holds $64K in liabilities against $614K in assets (debt-to-asset ratio: 10.5%), resulting in net assets of $550K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $328K | $349K | $614K | $64K | — | View 990 |
| 2023 | $294K | $261K | $668K | $97K | — | View 990 |
| 2022 | $274K | $277K | $714K | $176K | — | View 990 |
| 2021 | $274K | $265K | $594K | $205K | — | — |
| 2020 | $212K | $283K | $587K | $207K | — | View 990 |
| 2019 | $264K | $249K | $385K | $54K | — | — |
| 2019 | $212K | $250K | $589K | $210K | — | — |
| 2017 | $250K | $220K | $375K | $60K | — | — |
| 2016 | $467K | $220K | $354K | $69K | — | — |
| 2015 | $249K | $222K | $358K | $86K | — | View 990 |
| 2014 | $234K | $217K | $346K | $100K | — | View 990 |
| 2012 | $184K | $176K | $403K | $98K | — | View 990 |
| 2011 | $166K | $160K | $407K | $110K | — | — |
| 2010 | $46K | $35K | $410K | $118K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $328K, expenses of $349K, and assets of $614K (revenue +11.8% year-over-year).
- 2023: Revenue of $294K, expenses of $261K, and assets of $668K (revenue +7.0% year-over-year).
- 2022: Revenue of $274K, expenses of $277K, and assets of $714K (revenue +0.0% year-over-year).
- 2021: Revenue of $274K, expenses of $265K, and assets of $594K (revenue +29.6% year-over-year).
- 2020: Revenue of $212K, expenses of $283K, and assets of $587K (revenue -19.8% year-over-year).
- 2019: Revenue of $264K, expenses of $249K, and assets of $385K (revenue +24.3% year-over-year).
- 2019: Revenue of $212K, expenses of $250K, and assets of $589K (revenue -15.0% year-over-year).
- 2017: Revenue of $250K, expenses of $220K, and assets of $375K (revenue -46.5% year-over-year).
- 2016: Revenue of $467K, expenses of $220K, and assets of $354K (revenue +87.8% year-over-year).
- 2015: Revenue of $249K, expenses of $222K, and assets of $358K (revenue +6.3% year-over-year).
- 2014: Revenue of $234K, expenses of $217K, and assets of $346K (revenue +27.5% year-over-year).
- 2012: Revenue of $184K, expenses of $176K, and assets of $403K (revenue +10.9% year-over-year).
- 2011: Revenue of $166K, expenses of $160K, and assets of $407K (revenue +264.0% year-over-year).
- 2010: Revenue of $46K, expenses of $35K, and assets of $410K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lower Somerset County Ambulance And Rescue Squad Inc:
Data Sources and Methodology
This transparency report for Lower Somerset County Ambulance And Rescue Squad 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.