Civic Intelligence

Mad River Valley Ambulance Service Inc.

EIN 23-7153864 • 501(c)3 • Waitsfield, VT

Pub. 78 Eligible

Profile

To provide 24-hour emergency medical service to residents and visitors of the mad river valley as well as the sugarbush and mad river glen ski areas.

PO Box 305Waitsfield, VT 05673

www.mrvas.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

26th percentile

0.00x

Higher debt load relative to revenue than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

80th percentile

30%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

61st percentile

14%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,744,344

Up $190,196 (+12%) from 2024

Liabilities

Down

$2,625

Down $243 (-8.5%) from 2024

Net Assets

Up

$1,741,719

Up $190,439 (+12%) from 2024

Revenue

Up

$578,772

Up $72,919 (+14%) from 2024

Expenses

Down

$406,991

Down $10,960 (-2.6%) from 2024

Net Income

Up

$171,781

Up $83,879 (+95%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2019: $1,231,183Liabilities 2019: $17,993Net Assets 2019: $1,213,1902019Assets 2020: $1,350,231Liabilities 2020: $6,599Net Assets 2020: $1,343,6322020Assets 2021: $1,429,670Liabilities 2021: $0Net Assets 2021: $1,429,6702021Assets 2022: $1,484,944Liabilities 2022: $6,288Net Assets 2022: $1,478,6562022Assets 2023: $1,458,141Liabilities 2023: $3,088Net Assets 2023: $1,455,0532023Assets 2024: $1,554,148Liabilities 2024: $2,868Net Assets 2024: $1,551,2802024Assets 2025: $1,744,344Liabilities 2025: $2,625Net Assets 2025: $1,741,7192025

Highlighted filing

2025

Assets$1,744,344
Liabilities$2,625
Net Assets$1,741,719

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2019: $340,589Expenses 2019: $353,415Net Income 2019: -$12,8262019Revenue 2020: $504,476Expenses 2020: $371,502Net Income 2020: $132,9742020Revenue 2021: $487,816Expenses 2021: $391,008Net Income 2021: $96,8082021Revenue 2022: $516,811Expenses 2022: $430,623Net Income 2022: $86,1882022Revenue 2023: $430,889Expenses 2023: $465,209Net Income 2023: -$34,3202023Revenue 2024: $505,853Expenses 2024: $417,951Net Income 2024: $87,9022024Revenue 2025: $578,772Expenses 2025: $406,991Net Income 2025: $171,7812025

Highlighted filing

2025

Revenue$578,772
Expenses$406,991
Net Income$171,781

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Apr 16, 2026
Return Version
2025v4.0
Gross Receipts
$578,772
Mission and Program Overview

Mission

To provide 24-hour emergency medical service to residents and visitors of the mad river valley as well as the sugarbush and mad river glen ski areas.

To provide the mad river valley with emergency first aid care and ambulance transportation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$642,103$794,422▲ $152,319
Land, Buildings, and Equipment, Net$803,331$774,709▼ $28,622
Savings and Temporary Cash Investments$42,813$87,830▲ $45,017
Accounts Receivable$40,496$56,446▲ $15,950
Prepaid Expenses and Deferred Charges$21,533$24,068▲ $2,535
Cash and Non-Interest-Bearing Accounts$2,872$5,869▲ $2,997
Intangible Assets$1,000$1,000→ $0
Total Assets$1,554,148$1,744,344▲ $190,196
Liabilities
Accounts Payable and Accrued Expenses$2,868$2,625▼ $243
Total Liabilities$2,868$2,625▼ $243
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,543,842$1,734,221▲ $190,379
Net Assets With Donor Restrictions$7,438$7,498▲ $60
Total Net Assets Fund Balance$1,551,280$1,741,719▲ $190,439
Total Liabilities and Net Assets / Fund Balance$1,554,148$1,744,344▲ $190,196

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$466,354$1,539,929$2,006,283
Buildings$261,447$379,652$641,099
Land$46,908-$46,908
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sara Van SchaickPresident
Daniel KellerAls Officer
Joni ZweigHead Dispatc
Danielle HamptonMember at La
Marge BowerMember at La
Chris LowensteinOperations O
Kevin Van SchaickRescue Coord
Ryan GreySecretary
Mark GiomettiTreasurer
Brian LaveryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$211,848
Program Service Revenue
$352,707
Investment Income
$14,217
Other Revenue
$0
All Other Contributions
$153,328
Change in Net Assets
$171,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,703
Salaries, Compensation, and Employee Benefits$64,288
Total Fundraising Expense$4,542
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$97,625--$97,625
Other Salaries and Wages-$59,474-$59,474
All Other Expenses$36,056$15,475$4,542$56,073
Office Expenses-$56,045-$56,045
Insurance$24,801--$24,801
Other Expenses$16,157--$16,157
Fees for Services Accounting-$5,700-$5,700
Payroll Taxes-$4,814-$4,814
Conferences and Meetings$4,336--$4,336
Fees for Services Other$3,750--$3,750
Advertising$459--$459
Total Functional Expenses$260,941$141,508$4,542$406,991
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Kevin van schaick kerv's construction maintenance services provided kevin van schaick sara van schaick family relationship

Form 990, Page 6, Part VI, Line 6

Mrvas has over 70 voting members. Included in this number are the 10 voting members of the governing body (board of directors). Every january, the voting members elect a board of directors, approve any by-law changes and any major purchases and/or major projects.

Form 990, Page 6, Part VI, Line 7A

Refer to explanation for "form 990, part vi, section a, line 6" provided above.

Form 990, Page 6, Part VI, Line 7B

Refer to explanation for "form 990, part vi, section a, line 6" provided above.

Form 990, Page 6, Part VI, Line 11B

The 990 is prepared by an outside cpa. A draft copy is provided to the board of directors during regularly held meetings where it is reviewed and approved by the board before it is filed.

Form 990, Page 6, Part VI, Line 19

Information can be obtained by calling mrvas at (802) 496-8888. Mrvas can also be reached through email: [email protected]

Filing and Contact Details

Filer

Filer Name
Mad River Valley Ambulance Service
EIN
23-7153864
Phone
8024968888
Address
PO BOX 305, WAITSFIELD, VT 05673

Signing Officer

Name
Kevin Van Schaick
Title
Rescue Coordinator
Phone
8024968888
Signed
2026-04-16

Organization Details

Principal Officer
Kevin Van Schaick
Formed
1970
Legal Domicile
Vt
Voting Board Members
10
Independent Board Members
8
Employees
2
Volunteers
72

Preparer

Firm
Mudgett Jennett & Krogh-wisner
Address
141 MAIN ST STE 2, MONTPELIER, VT 05602
Preparer
Erin J Packie CPA
Phone
8022299193
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Since 1970, the mad river valley ambulance service (mrvas) has been providing 24-hour emergency medical service to residents and visitors of the mad river valley, as well as the sugarbush and mad river glen ski areas. Since its inception, mrvas has undergone considerable growth to keep pace with the growing needs of the community, as well as advances in emergency medical care. The service is fortunate to have a highliy dedicated group of over 60 volunteers, many of whom have advanced training and certification which enables them to perform advanced life support procedures. None of these volunteers are compensated for their time, which includes a minimum of five 12-hour duty shifts per month, plus at least one night of training each month as well as other duties required by mrvas.

Form 990, Part IX, Line 24E

Professional services 15,650 0 0 equipment repair and main 10,306 0 0 miscellaneous 10,100 0 0 building maintenance 0 8,203 0 utilities 0 7,272 0 subscriptions 0 0 4,542 total 36,056 15,475 4,542

Financial Statement Notes

Schedule D, Page 3, Part X

Mad river valley ambulance service (mrvas) is exempt from federal income taxes under section 501(c)(3) of the internal revenue code (the code) and is classified as an organization that is not a private foundation as defined in section 509(a). Mrvas would be subject to tax on income unrelated to its exempt purposes (unless that income is otherwise excluded by the code). The tax years 2024, 2023, and 2022 are still open for audit for both federal and state purposes. Contributions to mrvas are tax deductible to donors under section 170 of the code.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MAD RIVER VALLEY AMBULANCE SERVICE (MRVAS) IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION AS DEFINED IN SECTION 509(A). MRVAS WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES (UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE). THE TAX YEARS 2024, 2023, AND 2022 ARE STILL OPEN FOR AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. CONTRIBUTIONS TO MRVAS ARE TAX DEDUCTIBLE TO DONORS UNDER SECTION 170 OF THE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SINCE 1970, THE MAD RIVER VALLEY AMBULANCE SERVICE (MRVAS) HAS BEEN PROVIDING 24-HOUR EMERGENCY MEDICAL SERVICE TO RESIDENTS AND VISITORS OF THE MAD RIVER VALLEY, AS WELL AS THE SUGARBUSH AND MAD RIVER GLEN SKI AREAS. SINCE ITS INCEPTION, MRVAS HAS UNDERGONE CONSIDERABLE GROWTH TO KEEP PACE WITH THE GROWING NEEDS OF THE COMMUNITY, AS WELL AS ADVANCES IN EMERGENCY MEDICAL CARE. THE SERVICE IS FORTUNATE TO HAVE A HIGHLIY DEDICATED GROUP OF OVER 60 VOLUNTEERS, MANY OF WHOM HAVE ADVANCED TRAINING AND CERTIFICATION WHICH ENABLES THEM TO PERFORM ADVANCED LIFE SUPPORT PROCEDURES. NONE OF THESE VOLUNTEERS ARE COMPENSATED FOR THEIR TIME, WHICH INCLUDES A MINIMUM OF FIVE 12-HOUR DUTY SHIFTS PER MONTH, PLUS AT LEAST ONE NIGHT OF TRAINING EACH MONTH AS WELL AS OTHER DUTIES REQUIRED BY MRVAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1KEVIN VAN SCHAICK KERV'S CONSTRUCTION MAINTENANCE SERVICES PROVIDED KEVIN VAN SCHAICK SARA VAN SCHAICK FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MRVAS HAS OVER 70 VOTING MEMBERS. INCLUDED IN THIS NUMBER ARE THE 10 VOTING MEMBERS OF THE GOVERNING BODY (BOARD OF DIRECTORS). EVERY JANUARY, THE VOTING MEMBERS ELECT A BOARD OF DIRECTORS, APPROVE ANY BY-LAW CHANGES AND ANY MAJOR PURCHASES AND/OR MAJOR PROJECTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REFER TO EXPLANATION FOR "FORM 990, PART VI, SECTION A, LINE 6" PROVIDED ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REFER TO EXPLANATION FOR "FORM 990, PART VI, SECTION A, LINE 6" PROVIDED ABOVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 990 IS PREPARED BY AN OUTSIDE CPA. A DRAFT COPY IS PROVIDED TO THE BOARD OF DIRECTORS DURING REGULARLY HELD MEETINGS WHERE IT IS REVIEWED AND APPROVED BY THE BOARD BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INFORMATION CAN BE OBTAINED BY CALLING MRVAS AT (802) 496-8888. MRVAS CAN ALSO BE REACHED THROUGH EMAIL: [email protected]
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PROFESSIONAL SERVICES 15,650 0 0 EQUIPMENT REPAIR AND MAIN 10,306 0 0 MISCELLANEOUS 10,100 0 0 BUILDING MAINTENANCE 0 8,203 0 UTILITIES 0 7,272 0 SUBSCRIPTIONS 0 0 4,542 TOTAL 36,056 15,475 4,542
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