Walden Ambulance Corp
Walden Ambulance Corp shows consistent revenue and asset growth with no reported officer compensation.
EIN: 146024740 · Walden, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $403K |
| Transparency Score | 85/100 |
Is Walden Ambulance Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Walden Ambulance Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Walden Ambulance Corp
Walden Ambulance Corp (EIN: 146024740) is a nonprofit organization based in Walden, NY. The organization reported total revenue of $2.7M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Walden Ambulance Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Walden Ambulance Corp is a mid-size nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$175K |
| Total Assets | $753K |
| Total Liabilities | $351K |
| Net Assets | $403K |
| Operating Margin | 8.3% |
| Debt-to-Asset Ratio | 46.5% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2023, Walden Ambulance Corp reported a surplus of $175K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 46.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Walden Ambulance Corp's revenue has grown at a compound annual growth rate (CAGR) of 20.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +77.6% | +86.9% | +41.7% |
| 2022 | +26.3% | +20.0% | +109.4% |
| 2021 | +37.2% | +14.7% | +150.5% |
| 2020 | +11.9% | +17.1% | -24.2% |
| 2019 | +8.9% | +15.0% | -44.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Walden Ambulance Corp 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Walden Ambulance Corp allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $175K, with revenue exceeding expenses.
- Debt-to-asset ratio: 46.5%.
Executive Compensation Analysis
Walden Ambulance Corp consistently reports 0% officer compensation across all available filings, indicating that its executive leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is highly unusual for an organization of its size with over $2 million in revenue.
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 Walden Ambulance Corp's IRS 990 filings:
- No reported officer compensation despite significant revenue, which could indicate compensation is reported under other categories or a fully volunteer executive team, warranting further investigation.
Strengths
The following positive indicators were identified for Walden Ambulance Corp:
- Consistent and substantial revenue growth over the past decade, from $228,966 in 2014 to $2,104,761 in 2023.
- Healthy asset growth, increasing from $244,563 in 2014 to $753,470 in 2023, indicating strong financial health.
- Consistent positive net income in recent years, demonstrating sound financial management (e.g., $174,755 in 2023).
- No reported officer compensation, suggesting a potentially high proportion of resources directed towards mission-related activities.
Frequently Asked Questions about Walden Ambulance Corp
Is Walden Ambulance Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Walden Ambulance Corp (EIN: 146024740) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Walden Ambulance Corp spend its money?
Walden Ambulance Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Walden Ambulance Corp tax-deductible?
Walden Ambulance Corp is registered as a tax-exempt nonprofit (EIN: 146024740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Walden Ambulance Corp CEO make?
Walden Ambulance Corp's highest-compensated officer earns $2 annually. The organization reported $2.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Walden Ambulance Corp located?
Walden Ambulance Corp is headquartered in Walden, New York and files with the IRS under EIN 146024740.
How many years of IRS 990 filings does Walden Ambulance Corp have?
Walden Ambulance Corp 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 $2.7M in total revenue.
Is Walden Ambulance Corp financially stable?
Yes, Walden Ambulance Corp demonstrates strong financial stability, with consistent revenue growth from $228,966 in 2014 to $2,104,761 in 2023, and a healthy increase in assets from $244,563 to $753,470 over the same period. They have consistently operated with a positive net income in recent years.
How has Walden Ambulance Corp's revenue changed over time?
Walden Ambulance Corp has experienced significant revenue growth, increasing from $228,966 in 2014 to $2,104,761 in 2023, representing nearly a tenfold increase over a decade.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available IRS 990 filings, suggesting that its executive leadership is not compensated through traditional officer salaries.
Filing History
IRS 990 filing history for Walden Ambulance Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Walden Ambulance Corp's revenue has grown by 873.5%, moving from $216K to $2.1M. Total assets increased by 151.1% over the same period, from $300K to $753K. Total functional expenses rose by 836.4%, from $206K to $1.9M. In its most recent filing year (2023), Walden Ambulance Corp reported a surplus of $175K, with revenue exceeding expenses. The organization holds $351K in liabilities against $753K in assets (debt-to-asset ratio: 46.5%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $1.9M | $753K | $351K | — | — |
| 2022 | $1.2M | $1.0M | $532K | $304K | — | View 990 |
| 2021 | $939K | $860K | $254K | $178K | — | View 990 |
| 2020 | $684K | $750K | $101K | $50K | — | View 990 |
| 2019 | $612K | $640K | $134K | $71K | — | View 990 |
| 2018 | $561K | $557K | $241K | $98K | — | View 990 |
| 2017 | $425K | $412K | $262K | $123K | — | View 990 |
| 2016 | $445K | $431K | $155K | $29K | — | View 990 |
| 2015 | $365K | $415K | $169K | $56K | — | View 990 |
| 2014 | $229K | $237K | $245K | $82K | — | View 990 |
| 2013 | $217K | $217K | $356K | $150K | — | View 990 |
| 2012 | $240K | $254K | $356K | $150K | — | View 990 |
| 2011 | $216K | $206K | $300K | $80K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $1.9M, and assets of $753K (revenue +77.6% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.0M, and assets of $532K (revenue +26.3% year-over-year).
- 2021: Revenue of $939K, expenses of $860K, and assets of $254K (revenue +37.2% year-over-year).
- 2020: Revenue of $684K, expenses of $750K, and assets of $101K (revenue +11.9% year-over-year).
- 2019: Revenue of $612K, expenses of $640K, and assets of $134K (revenue +8.9% year-over-year).
- 2018: Revenue of $561K, expenses of $557K, and assets of $241K (revenue +32.2% year-over-year).
- 2017: Revenue of $425K, expenses of $412K, and assets of $262K (revenue -4.5% year-over-year).
- 2016: Revenue of $445K, expenses of $431K, and assets of $155K (revenue +21.7% year-over-year).
- 2015: Revenue of $365K, expenses of $415K, and assets of $169K (revenue +59.6% year-over-year).
- 2014: Revenue of $229K, expenses of $237K, and assets of $245K (revenue +5.7% year-over-year).
- 2013: Revenue of $217K, expenses of $217K, and assets of $356K (revenue -9.8% year-over-year).
- 2012: Revenue of $240K, expenses of $254K, and assets of $356K (revenue +11.1% year-over-year).
- 2011: Revenue of $216K, expenses of $206K, and assets of $300K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Walden Ambulance Corp:
Data Sources and Methodology
This transparency report for Walden Ambulance Corp 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.