Mcgregor Memorial Ambulance Inc
Mcgregor Memorial Ambulance Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 20460399 · Durham, NH · NTEE: E62 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $1.6M |
| Program Spending | 90% |
| Net Assets | $1.3M |
| Transparency Score | 92/100 |
Is Mcgregor Memorial Ambulance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mcgregor Memorial Ambulance Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mcgregor Memorial Ambulance Inc
Mcgregor Memorial Ambulance Inc (EIN: 20460399) is a nonprofit organization based in Durham, NH, classified under NTEE code E62. The organization reported total revenue of $2.1M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mcgregor Memorial Ambulance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mcgregor Memorial Ambulance Inc is a mid-size nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$185K |
| Total Assets | $1.6M |
| Total Liabilities | $236K |
| Net Assets | $1.3M |
| Operating Margin | 10.5% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 12.0 months |
Financial Health Grade: A
In 2023, Mcgregor Memorial Ambulance Inc reported a surplus of $185K with revenue exceeding expenses, holds 12.0 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mcgregor Memorial Ambulance Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.1% | +16.5% | +11.6% |
| 2022 | -10.6% | +15.1% | +0.3% |
| 2021 | +24.9% | -4.1% | +21.5% |
| 2020 | +1.7% | +2.6% | -1.0% |
| 2019 | +1.1% | +0.9% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 6000 |
| IRS Ruling Date | 2011 |
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 Mcgregor Memorial Ambulance Inc 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Mcgregor Memorial Ambulance Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $185K, with revenue exceeding expenses.
- Debt-to-asset ratio: 15.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for resource allocation directly to mission-related activities.
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 Mcgregor Memorial Ambulance Inc:
- Consistent revenue growth, from $986,095 in 2014 to $1,761,040 in 2023.
- Strong asset accumulation, growing from $1,036,727 in 2014 to $1,570,800 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and dedication of funds to mission.
- Healthy asset-to-liability ratio, demonstrating strong financial solvency.
- Positive net income in most recent years (e.g., $1,761,040 revenue vs. $1,576,042 expenses in 2023).
Frequently Asked Questions about Mcgregor Memorial Ambulance Inc
Is Mcgregor Memorial Ambulance Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mcgregor Memorial Ambulance Inc (EIN: 20460399) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Mcgregor Memorial Ambulance Inc spend its money?
Mcgregor Memorial Ambulance Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mcgregor Memorial Ambulance Inc tax-deductible?
Mcgregor Memorial Ambulance Inc is registered as a tax-exempt nonprofit (EIN: 20460399). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mcgregor Memorial Ambulance Inc's spending goes to programs?
Mcgregor Memorial Ambulance Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mcgregor Memorial Ambulance Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Mcgregor Memorial Ambulance Inc is above average for NTEE category E62 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mcgregor Memorial Ambulance Inc located?
Mcgregor Memorial Ambulance Inc is headquartered in Durham, New Hampshire and files with the IRS under EIN 20460399. It is classified under NTEE code E62.
How many years of IRS 990 filings does Mcgregor Memorial Ambulance Inc have?
Mcgregor Memorial Ambulance 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 $2.1M in total revenue.
Is Mcgregor Memorial Ambulance Inc financially stable?
Yes, the organization appears financially stable, with consistent revenue growth (e.g., $1,265,722 in 2022 to $1,761,040 in 2023) and growing assets ($1,407,577 in 2022 to $1,570,800 in 2023), indicating a healthy financial trajectory.
How efficiently does Mcgregor Memorial Ambulance Inc use its funds?
The organization appears highly efficient, particularly given the 0% officer compensation reported across all filings, suggesting a significant portion of funds are directed towards its operational mission rather than executive salaries.
What is the trend in the organization's assets?
Mcgregor Memorial Ambulance Inc has shown a consistent upward trend in assets, growing from $1,036,727 in 2014 to $1,570,800 in 2023, indicating strong financial growth and capacity building.
Are there any concerns regarding liabilities?
Liabilities have fluctuated but remain well below assets, with a 2023 ratio of $1,570,800 in assets to $235,649 in liabilities, suggesting a healthy balance sheet and low financial risk.
Filing History
IRS 990 filing history for Mcgregor Memorial Ambulance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mcgregor Memorial Ambulance Inc's revenue has grown by 106.6%, moving from $853K to $1.8M. Total assets increased by 87.6% over the same period, from $837K to $1.6M. Total functional expenses rose by 64%, from $961K to $1.6M. In its most recent filing year (2023), Mcgregor Memorial Ambulance Inc reported a surplus of $185K, with revenue exceeding expenses. The organization holds $236K in liabilities against $1.6M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.6M | $1.6M | $236K | — | View 990 |
| 2022 | $1.3M | $1.4M | $1.4M | $266K | — | — |
| 2021 | $1.4M | $1.2M | $1.4M | $152K | — | View 990 |
| 2020 | $1.1M | $1.2M | $1.2M | $146K | — | — |
| 2019 | $1.1M | $1.2M | $1.2M | $75K | — | View 990 |
| 2018 | $1.1M | $1.2M | $1.3M | $109K | — | View 990 |
| 2017 | $1.2M | $1.1M | $1.3M | $92K | — | View 990 |
| 2016 | $1.3M | $1.1M | $1.3M | $71K | — | View 990 |
| 2015 | $1.0M | $985K | $1.1M | $71K | — | View 990 |
| 2014 | $986K | $987K | $1.0M | $68K | — | View 990 |
| 2013 | $1.0M | $1.0M | $1.0M | $78K | — | View 990 |
| 2012 | $1.2M | $955K | $1.0M | $65K | — | View 990 |
| 2011 | $853K | $961K | $837K | $77K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.6M, and assets of $1.6M (revenue +39.1% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $1.4M (revenue -10.6% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $1.4M (revenue +24.9% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue +1.7% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue +1.1% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $1.3M (revenue -6.4% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.1M, and assets of $1.3M (revenue -7.1% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.1M, and assets of $1.3M (revenue +21.2% year-over-year).
- 2015: Revenue of $1.0M, expenses of $985K, and assets of $1.1M (revenue +6.0% year-over-year).
- 2014: Revenue of $986K, expenses of $987K, and assets of $1.0M (revenue -3.2% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.0M, and assets of $1.0M (revenue -12.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $955K, and assets of $1.0M (revenue +35.8% year-over-year).
- 2011: Revenue of $853K, expenses of $961K, and assets of $837K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mcgregor Memorial Ambulance Inc:
Data Sources and Methodology
This transparency report for Mcgregor Memorial Ambulance 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.