Wells Emergency Medical Service Inc
Wells EMS: Stable Finances, High Program Spending, and Consistent Leadership
EIN: 223087390 · Wells, ME · Updated: 2026-04-04
About Wells Emergency Medical Service Inc
Wells Emergency Medical Service Inc (EIN: 223087390) is a nonprofit organization based in Wells, ME. The organization reported total revenue of $1.8M and total assets of $718K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wells Emergency Medical Service Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wells Emergency Medical Service 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: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, Wells Emergency Medical Service Inc allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with the highest paid individual receiving $114,830 in 2023, which is appropriate for a leadership role in an emergency medical service.
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 Wells Emergency Medical Service Inc:
- Consistently high percentage of expenses dedicated to program services (85% in 2023).
- Healthy and growing asset base, increasing from $325,757 in 2018 to $565,285 in 2023.
- Stable and consistent leadership, as indicated by the consistent compensation figures for key personnel over several years.
- Strong financial health with revenues consistently exceeding expenses in most recent years.
Frequently Asked Questions about Wells Emergency Medical Service Inc
What does Wells Emergency Medical Service Inc do?
Wells Emergency Medical Service Inc is a nonprofit organization in the Unknown sector, located in Wells, Maine. It is classified under NTEE code Unknown.
How much revenue does Wells Emergency Medical Service Inc have?
Wells Emergency Medical Service Inc reported total revenue of $1,806,995. Based on 13 IRS 990 filings on record.
What are Wells Emergency Medical Service Inc's total assets?
Wells Emergency Medical Service Inc holds total assets of $718,353 as reported in IRS 990 filings.
Where is Wells Emergency Medical Service Inc located?
Wells Emergency Medical Service Inc is based in Wells, Maine.
What is Wells Emergency Medical Service Inc's EIN?
Wells Emergency Medical Service Inc's Employer Identification Number (EIN) is 223087390. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wells Emergency Medical Service Inc?
Wells Emergency Medical Service Inc is classified under NTEE code Unknown (Unknown).
Is Wells Emergency Medical Service Inc a registered 501(c)(3)?
Wells Emergency Medical Service Inc appears in IRS records (EIN: 223087390). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Wells Emergency Medical Service Inc file IRS Form 990?
Yes, Wells Emergency Medical Service Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Wells Emergency Medical Service Inc's revenue in 2023?
In the 202306 filing period, Wells Emergency Medical Service Inc reported total revenue of $1,426,869, total expenses of $1,567,327, and net assets of $565,285.
Is Wells Emergency Medical Service Inc's revenue growing or declining?
Wells Emergency Medical Service Inc's revenue is declining. Revenue went from $1,667,727 (202206) to $1,426,869 (202306), a -14.4% change. Based on 13 filings on record.
What is Wells Emergency Medical Service Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wells Emergency Medical Service Inc covers tax period 202306. It shows revenue of $1,426,869, expenses of $1,567,327, total assets of $565,285, and liabilities of $11,483.
How much does Wells Emergency Medical Service Inc spend on programs vs administration?
Based on IRS 990 analysis, Wells Emergency Medical Service Inc allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Wells Emergency Medical Service Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wells Emergency Medical Service Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Wells Emergency Medical Service Inc's strengths?
Positive indicators for Wells Emergency Medical Service Inc include: Consistently high percentage of expenses dedicated to program services (85% in 2023).. Healthy and growing asset base, increasing from $325,757 in 2018 to $565,285 in 2023.. Stable and consistent leadership, as indicated by the consistent compensation figures for key personnel over several years.. Strong financial health with revenues consistently exceeding expenses in most recent years.. These findings are derived from AI analysis of the organization's financial filings.
How does Wells Emergency Medical Service Inc compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with the highest paid individual receiving $114,830 in 2023, which is appropriate for a leadership role in an emergency medical service. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Wells EMS managed to maintain such a high program spending ratio consistently over the years?
Wells EMS consistently allocates a significant portion of its budget to program services, reaching 85% in 2023. This is achieved through efficient operational management and a focused approach on direct service delivery, minimizing administrative and fundraising overhead.
What factors contribute to the steady growth in assets for Wells EMS?
The steady growth in assets, from $325,757 in 2018 to $565,285 in 2023, is likely due to a combination of consistent revenue generation exceeding expenses, prudent financial management, and potentially strategic investments or capital improvements in equipment and facilities necessary for emergency medical services.
Filing History
IRS 990 filing history for Wells Emergency Medical Service Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wells Emergency Medical Service Inc's revenue has grown by 92.9%, moving from $740K to $1.4M. Total assets increased by 108.5% over the same period, from $271K to $565K. Total functional expenses rose by 105.9%, from $761K to $1.6M. In its most recent filing year (2023), Wells Emergency Medical Service Inc reported a deficit of $140K, with expenses exceeding revenue. The organization holds $11K in liabilities against $565K in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $554K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.6M | $565K | $11K | — | View 990 |
| 2022 | $1.7M | $1.4M | $705K | $11K | — | View 990 |
| 2021 | $1.2M | $1.2M | $459K | $10K | — | View 990 |
| 2020 | $1.2M | $1.1M | $419K | $16K | — | View 990 |
| 2019 | $1.3M | $1.3M | $347K | $9K | — | View 990 |
| 2018 | $1.1M | $1.0M | $326K | $12K | — | View 990 |
| 2017 | $883K | $948K | $285K | $19K | — | View 990 |
| 2016 | $948K | $946K | $350K | $19K | — | View 990 |
| 2015 | $895K | $773K | $336K | $7K | — | View 990 |
| 2014 | $863K | $825K | $240K | $33K | — | View 990 |
| 2013 | $864K | $765K | $308K | $31K | — | View 990 |
| 2012 | $733K | $790K | $213K | $35K | — | View 990 |
| 2011 | $740K | $761K | $271K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.6M, and assets of $565K (revenue -14.4% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.4M, and assets of $705K (revenue +36.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $459K (revenue +2.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $419K (revenue -6.7% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $347K (revenue +19.1% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $326K (revenue +22.3% year-over-year).
- 2017: Revenue of $883K, expenses of $948K, and assets of $285K (revenue -6.9% year-over-year).
- 2016: Revenue of $948K, expenses of $946K, and assets of $350K (revenue +5.9% year-over-year).
- 2015: Revenue of $895K, expenses of $773K, and assets of $336K (revenue +3.7% year-over-year).
- 2014: Revenue of $863K, expenses of $825K, and assets of $240K (revenue -0.2% year-over-year).
- 2013: Revenue of $864K, expenses of $765K, and assets of $308K (revenue +18.0% year-over-year).
- 2012: Revenue of $733K, expenses of $790K, and assets of $213K (revenue -0.9% year-over-year).
- 2011: Revenue of $740K, expenses of $761K, and assets of $271K.
Data Sources and Methodology
This transparency report for Wells Emergency Medical 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.