Charity Search / PALMER AMBULANCE SERVICE INC
Health Care (E62Z) 990 on File

PALMER AMBULANCE SERVICE INC

EIN: 04-2803567 · PALMER, MA 01069-1441 · United States · FY 2023 Data
3 out of 5 53 / 100 Based on 2+ years of filings
Financial strength (30%) 76/100
Reliability (20%) 55/100
Effectiveness (25%) 75/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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Financial Overview — FY 2023
$1.1M
Total Revenue
$1.4M
Total Expenses
$739K
Net Assets
39
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 79.2%
Fundraising Efficiency N/A
Operating Reserve 6.39x
Liability-to-Asset 8.5%
Revenue Diversification 98.1%
Compared with Peers
FY 2023
Compared with 4,434 similar organizations (United States, Health Care, $1M–$10M in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
79.2% 84.9%
P10P90
Below median
Admin expense ratio
Management and general / total expenses · lower is better
20.8% 11.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
6.4 mo 9.7 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
8.5% 14.7%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
98.1% 91.3%
P10P90
Below median
Revenue growth
Year over year revenue growth
-20.8% 5.6%
P10P90
Expense growth
Year over year expense growth
5.3% 9.2%
P10P90
Surplus margin
Surplus as a share of revenue
-31.1% 1.3%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $1.1M $1.4M $739K 79.2% 39
2022 $1.3M $1.3M $1.1M 77.5% 36
2021 $1.1M $1.2M N/A 40
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Organization Details
EIN
04-2803567
State
MA
City
PALMER
ZIP
01069-1441
Classification
E62Z
Category
Health Care
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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