Raymond Ambulance Inc

Raymond Ambulance Inc. consistently operates with zero officer compensation but faces periodic deficits.

EIN: 20419693 · Raymond, NH · NTEE: E62Z · Updated: 2026-03-28

$699KRevenue

$182KAssets

85/100Mission Score (Excellent)

E62Z

About Raymond Ambulance Inc

Raymond Ambulance Inc (EIN: 20419693) is a nonprofit organization based in Raymond, NH, classified under NTEE code E62Z. The organization reported total revenue of $699K and total assets of $182K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raymond Ambulance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Raymond Ambulance Inc. demonstrates a consistent commitment to its mission of providing emergency medical services, as evidenced by its NTEE code E62Z. Financially, the organization has experienced some fluctuations in recent years. In 2023, expenses ($748,895) exceeded revenue ($694,246), resulting in a deficit, a trend also observed in 2022 and 2020. This indicates a need for careful financial management to ensure long-term sustainability. Despite these deficits, the organization maintains a healthy asset base relative to its liabilities, with assets of $288,799 and liabilities of $50,682 in 2023, suggesting a reasonable financial cushion.

The organization's spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings. This suggests that the organization is likely volunteer-driven at the leadership level, which can significantly reduce administrative overhead and maximize funds directed towards programs. While a detailed breakdown of program, administrative, and fundraising expenses isn't explicitly provided in the summary data, the absence of officer compensation is a positive indicator of efficient resource allocation. Transparency is high due to consistent 990 filings and the clear reporting of financial metrics.

Overall, Raymond Ambulance Inc. appears to be a dedicated and efficiently run organization, though it faces the common challenge of balancing expenses with revenue in certain periods. Its strong asset-to-liability ratio and zero officer compensation are significant strengths, indicating a well-managed and mission-focused entity. Continued monitoring of revenue generation and expense control will be crucial for sustained financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Raymond Ambulance 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: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Raymond Ambulance Inc 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

Executive compensation has consistently been reported as 0% across all available filings, indicating that leadership roles are likely filled by volunteers, which significantly reduces administrative costs and directs more funds to direct services.

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 Raymond Ambulance Inc's IRS 990 filings:

Expenses exceeded revenue in multiple recent periods (e.g., 2023, 2022, 2020), indicating potential operational deficits.

Strengths

The following positive indicators were identified for Raymond Ambulance Inc:

Consistent reporting of 0% officer compensation, indicating highly efficient leadership and volunteer-driven operations.
Healthy asset-to-liability ratio ($288,799 assets vs. $50,682 liabilities in 2023), providing a strong financial cushion.
Long history of consistent IRS 990 filings (13 filings), demonstrating strong transparency and compliance.

Frequently Asked Questions about Raymond Ambulance Inc

Is Raymond Ambulance Inc. financially stable?

While Raymond Ambulance Inc. has experienced deficits in some recent years (e.g., 2023, 2022, 2020), its asset base ($288,799 in 2023) significantly exceeds its liabilities ($50,682 in 2023), suggesting a reasonable level of financial stability despite periodic operational shortfalls.

How does Raymond Ambulance Inc. manage its leadership costs?

The organization reports 0% officer compensation in all available filings, indicating a highly efficient model where leadership is likely volunteer-based, minimizing overhead and maximizing resources for its mission.

Has Raymond Ambulance Inc.'s revenue been consistent?

Revenue has fluctuated, ranging from a high of $845,844 in 2021 to a low of $497,581 in 2014, with the latest reported revenue at $694,246 in 2023. This indicates some variability in funding streams over time.

Filing History

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

Over 13 years of IRS 990 filings (2011–2023), Raymond Ambulance Inc's revenue has grown by 41.5%, moving from $490K to $694K. Total assets increased by 0.2% over the same period, from $288K to $289K. Total functional expenses rose by 42.9%, from $524K to $749K. In its most recent filing year (2023), Raymond Ambulance Inc reported a deficit of $55K, with expenses exceeding revenue. The organization holds $51K in liabilities against $289K in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $238K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$694K	$749K	$289K	$51K	—	View 990
2022	$714K	$739K	$368K	$75K	—	—
2021	$846K	$771K	$427K	$109K	—	View 990
2020	$675K	$730K	$352K	$109K	—	—
2019	$735K	$679K	$337K	$38K	—	View 990
2018	$766K	$650K	$294K	$52K	—	View 990
2017	$614K	$632K	$190K	$64K	—	View 990
2016	$612K	$594K	$144K	$114	—	View 990
2015	$552K	$526K	$129K	$2K	—	View 990
2014	$498K	$492K	$124K	$23K	—	View 990
2013	$484K	$529K	$143K	$48K	—	View 990
2012	$521K	$560K	$211K	$71K	—	View 990
2011	$490K	$524K	$288K	$109K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $694K, expenses of $749K, and assets of $289K (revenue -2.7% year-over-year).
2022: Revenue of $714K, expenses of $739K, and assets of $368K (revenue -15.6% year-over-year).
2021: Revenue of $846K, expenses of $771K, and assets of $427K (revenue +25.3% year-over-year).
2020: Revenue of $675K, expenses of $730K, and assets of $352K (revenue -8.2% year-over-year).
2019: Revenue of $735K, expenses of $679K, and assets of $337K (revenue -4.0% year-over-year).
2018: Revenue of $766K, expenses of $650K, and assets of $294K (revenue +24.7% year-over-year).
2017: Revenue of $614K, expenses of $632K, and assets of $190K (revenue +0.4% year-over-year).
2016: Revenue of $612K, expenses of $594K, and assets of $144K (revenue +10.7% year-over-year).
2015: Revenue of $552K, expenses of $526K, and assets of $129K (revenue +11.0% year-over-year).
2014: Revenue of $498K, expenses of $492K, and assets of $124K (revenue +2.8% year-over-year).
2013: Revenue of $484K, expenses of $529K, and assets of $143K (revenue -7.0% year-over-year).
2012: Revenue of $521K, expenses of $560K, and assets of $211K (revenue +6.1% year-over-year).
2011: Revenue of $490K, expenses of $524K, and assets of $288K.

Data Sources and Methodology

This transparency report for Raymond 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.