The Westerly Ambulance Corps Inc
- Assets
- $4.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 59
- Location
- Westerly, RI
- Founding
- 05/1927
- Data as of
- 12/2021
- EIN
- 05-6009804
Organization Overview
The Westerly Ambulance Corps Inc is located in Westerly, RI. The organization was established in 1927. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 12/2021, Westerly Ambulance Corps Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westerly Ambulance Corps Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Westerly Ambulance Corps Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 4.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE WESTERLY AMBULANCE CORPS PROVIDES THE HIGHEST QUALITY EMERGENCY MEDICAL AND DISPATCH SERVICES TO THE WESTERLY COMMUNITY AND THE NEARBY TOWNS IN SOUTHERN RHODE ISLAND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, WESTERLY AMBULANCE CORPS RESPONDED TO 6,245 CALLS FOR HELP THROUGH ITS AMBULANCE AND RESCUE SERVICES THAT CONTINUE TO PROVIDE EMERGENCY SERVICES TO AREA RESIDENTS AND THOSE VISITING OR TRAVELING THROUGH THE AREA.
THE WESTERLY AMBULANCE CORPS PROVIDES DISPATCH SERVICES FOR 13 OTHER LOCAL AREA VOLUNTEER FIRE AND AMBULANCE ASSOCIATIONS.
THE CORPS PROVIDES TRAINING TO THE COMMUNITY FOR FIRST AID, CPR, ETC. AS PART OF REGULARLY SCHEDULED CLASSES OR UPON REQUEST OF THE COMMUNITY AT LARGE BY OTHER SPONSORING ORGANIZATIONS.
THE WESTERLY AMBULANCE CORPS PROVIDES ANNUAL SCHOLARSHIPS TO STUDENTS WHO ARE ENTERING HEALTH RELATED FIELDS OF STUDY. THE AMOUNT PROVIDED TO STUDENTS IN 2021 WAS 3,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brancato Treasurer | OfficerTrustee | 45 | $81,048 |
Ronald Macdonald III President | OfficerTrustee | 5 | $19,678 |
Carl Sposato Vice Preside | OfficerTrustee | 7 | $2,216 |
Dawn Smith Secretary | OfficerTrustee | 5 | $2,000 |
Thomas Gibney Jr Assistant Se | OfficerTrustee | 5 | $0 |
Stephen R Cofone Comm. Board | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $107,445 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $776 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,721 |
| Total Program Service Revenue | $1,968,185 |
| Investment income | $7,597 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,439 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,503,156 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,942 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,430,499 |
| Pension plan accruals and contributions | $17,378 |
| Other employee benefits | $179,209 |
| Payroll taxes | $127,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,142 |
| Fees for services: Accounting | $5,470 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,963 |
| Fees for services: Other | $105,580 |
| Advertising and promotion | $0 |
| Office expenses | $7,669 |
| Information technology | $36,015 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $247,665 |
| Insurance | $115,815 |
| All other expenses | $25,238 |
| Total functional expenses | $2,671,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,319 |
| Savings and temporary cash investments | $189,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $481,654 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $49,862 |
| Prepaid expenses and deferred charges | $58,947 |
| Net Land, buildings, and equipment | $2,406,819 |
| Investments—publicly traded securities | $1,152,199 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,474 |
| Total assets | $4,557,028 |
| Accounts payable and accrued expenses | $31,917 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $87,295 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,511 |
| Total liabilities | $156,723 |
| Net assets without donor restrictions | $4,400,305 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,557,028 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Westerly Ambulance Corps Inc has recieved totaling $31.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trinity Health Of New England Emergency Medical Services Inc Hartford, CT | $6,945,018 | $12,377,305 |
The Stamford Emergency Medical Services Inc Stamford, CT | $6,406,004 | $10,234,183 |
Greenwich Emergency Medical Service Incorporated Riverside, CT | $9,847,811 | $9,658,090 |
New Britain Emergency Medical Services Incorporated New Britain, CT | $4,306,412 | $9,201,553 |
North Adams Ambulance Service Inc North Adams, MA | $5,688,006 | $7,310,779 |
Webster Emergency Medical Services Inc Webster, MA | $3,286,799 | $3,028,468 |
Kb Ambulance Corps Inc Danielson, CT | $2,317,066 | $2,951,137 |
Groton Ambulance Assoc Inc Groton, CT | $844,681 | $2,264,654 |
Wolcott Volunteer Ambulance Association Inc Wolcott, CT | $805,073 | $2,805,832 |
The Westerly Ambulance Corps Inc Westerly, RI | $4,557,028 | $2,503,156 |
Echo Hose Hook And Ladder Ambulance Corps Inc Shelton, CT | $1,401,654 | $2,612,832 |
Lower Cape Ambulance Assoc Provincetown, MA | $1,724,895 | $2,911,710 |