Civic Intelligence

Reid Health Ambulance Inc

EIN 83-2911570 • 501(c)3 • Richmond, IN

Profile

To provide emergent and non-emergent ambulance transportation to the communities that we serve.

1100 Reid ParkwayRichmond, IN 47374

www.reidhealth.org

Siviq Scores

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

Liabilities / Assets

99th percentile

2.02x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

0.93x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

22nd percentile

-7.5%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

100th percentile

$2,692,980

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 51.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

28%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,413,673

Up $304,997 (+14%) from 2023

Liabilities

Up

$4,870,924

Up $697,397 (+17%) from 2023

Net Assets

Down

-$2,457,251

Down $392,400 (-19%) from 2023

Revenue

Up

$5,210,096

Up $1,150,097 (+28%) from 2023

Expenses

Up

$5,602,496

Up $455,042 (+8.8%) from 2023

Net Income

Up

-$392,400

Up $695,055 (+64%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2019: $1,881,194Liabilities 2019: $1,591,947Net Assets 2019: $289,2472019Assets 2020: $3,058,345Liabilities 2020: $2,813,250Net Assets 2020: $245,0952020Assets 2021: $4,943,043Liabilities 2021: $4,918,241Net Assets 2021: $24,8022021Assets 2022: $2,078,045Liabilities 2022: $3,055,441Net Assets 2022: -$977,3962022Assets 2023: $2,108,676Liabilities 2023: $4,173,527Net Assets 2023: -$2,064,8512023Assets 2024: $2,413,673Liabilities 2024: $4,870,924Net Assets 2024: -$2,457,2512024

Highlighted filing

2024

Assets$2,413,673
Liabilities$4,870,924
Net Assets-$2,457,251

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2019: $980,741Expenses 2019: $1,141,494Net Income 2019: -$160,7532019Revenue 2020: $1,767,167Expenses 2020: $1,811,319Net Income 2020: -$44,1522020Revenue 2021: $2,627,653Expenses 2021: $2,847,946Net Income 2021: -$220,2932021Revenue 2022: $3,267,997Expenses 2022: $4,270,195Net Income 2022: -$1,002,1982022Revenue 2023: $4,059,999Expenses 2023: $5,147,454Net Income 2023: -$1,087,4552023Revenue 2024: $5,210,096Expenses 2024: $5,602,496Net Income 2024: -$392,4002024

Highlighted filing

2024

Revenue$5,210,096
Expenses$5,602,496
Net Income-$392,400

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.1
Gross Receipts
$5,210,096
Mission and Program Overview

Mission

To provide emergent and non-emergent ambulance transportation to the communities that we serve.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$895,926$1,545,969▲ $650,043
Cash and Non-Interest-Bearing Accounts$890,822$496,035▼ $394,787
Accounts Receivable$321,928$297,587▼ $24,341
Prepaid Expenses and Deferred Charges$0$37,429▲ $37,429
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$2,108,676$2,413,673▲ $304,997
Other Assets Total$0$36,653▲ $36,653
Liabilities
Accounts Payable and Accrued Expenses$4,126,241$4,834,270▲ $708,029
Other Liabilities$47,286$36,654▼ $10,632
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,173,527$4,870,924▲ $697,397
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-2,064,851$-2,457,251▼ $392,400
Total Net Assets Fund Balance$-2,064,851$-2,457,251▼ $392,400
Total Liabilities and Net Assets / Fund Balance$2,108,676$2,413,673▲ $304,997

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,545,969$1,954,430$3,500,399
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mark HarringtonBoard Member - Treasurer (Term End 8/2024) / Board Member Chair (Term Start 8/2024)
Tom HilkertBoard Member / Chair (Term End 8/2024)
Craig KinyonPresident - Chief Executive Officer
Paul LingleBoard Member - 1st Vice Chair
James TannerBoard Member - 2nd Vice Chair
Aleasia StewartBoard Member
Annuradah Bhandari MDBoard Member
Brad CollinsBoard Member
Brett GuileyBoard Member
Dave JonesBoard Member
Denise RetzBoard Member
John HendersonBoard Member
John Mcginty MdBoard Member
Jordan Raynor MdBoard Member
Kathy GirtenBoard Member
Morgan HowardBoard Member
Robin HenryBoard Member
Sam Iden MDBoard Member
Bonita Washington-laceyBoard Member - Secretary
Garry KleerBoard Member / Board Member - Treasurer (Term Start 8/2024)
Janet Meckley MdFormer BOARD MEMBER
Roy Teng DoFormer Board Member
William BlackFormer Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$642,991
Program Service Revenue
$4,567,105
Investment Income
$0
Other Revenue
$0
All Other Contributions
$0
Change in Net Assets
$-392,400

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,055,651
Other Expenses$1,546,845
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,843,579$0$0$3,843,579
Depreciation Depletion$455,388$0$0$455,388
Fees for Services Other$247,065$0$0$247,065
Payroll Taxes$210,948$0$0$210,948
Occupancy$158,198$0$0$158,198
Travel$152,367$0$0$152,367
Insurance$142,003$0$0$142,003
Other Expenses$37,575$0$0$37,575
Office Expenses$6,974$0$0$6,974
Advertising$3,353$0$0$3,353
Other Employee Benefits$1,124$0$0$1,124
Total Functional Expenses$5,602,496$0$0$5,602,496

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$36,654
Operating Lease Liabilities-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 1A Material differences in voting rights

Each current director of reid health ambulance, inc. Is appointed as a director by the board of directors of reid hospital & health care services, inc., which is comprised primarily of independent directors.

Form 990, Part VI, Line 6 Classes of members or stockholders

The corporation's only member is reid hospital & health care services, inc., which is a 501(c)(3) organization.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Reid hospital & health care services, inc., as the corporate member of reid health ambulance,inc. May appoint and remove any director of the corporation.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Pursuant to the bylaws of reid health ambulance, inc., reid hospital & health care services, inc. (as the corporate member of reid health ambulance, inc.) holds certain reserved powers, which means that the board of directors of reid health ambulance, inc. Cannot exercise these powers without the approval of reid hospital & health care services, inc.

Form 990, Part VI, Line 11B Review of form 990 by governing body

This form 990 was prepared and reviewed by an outside accounting firm and legal counsel before being presented to management for review. Following management's review, the form 990 was presented to the board for final review and approval before filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Every year all key employees, officers, and directors are required to disclose any potential conflict of interest relating to reid health ambulance, inc. And its affiliates. This information is reviewed by the organization's administrative staff and internal auditor. During the year each employee and officer is required to disclose any conflict of interest when it occurs. The board of directors is asked if there are any conflicts of interest issues before each and every board meeting.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board of directors of reid hospital & health care services, inc. Has ultimate authority and responsibility for the compensation of reid health ambulance, inc. Directors, officers, and key employees. This responsibility extends to quality of services rendered, quality of its staff, quality of its leadership and other financial, legal, ethical, and operational considerations. As a service team providing human services, reid health ambulance, inc.'s people (leadership, staff, employees, and volunteers) represent the single most important asset possessed by the organization. More than any other factor (buildings, equipment, technology, etc.), the quality of human resources determines the quality of services ultimately provided to its patients and families. This commitment to quality and the stewardship of human resources serves as the foundation for reid health ambulance, inc.'s employee relations posture. This applies to all aspects of employee relations at all levels. A compensation philosophy that attracts and retains qualified, high quality and committed employees at all levels is in the best interest of reid health ambulance, inc. And those we serve. The president and ceo of reid hospital & health care services, inc., appointed by reid hospital & health care services, inc.'s governing board, is charged with the responsibility for developing and administering a compensation plan that reflects the previously stated philosophy and mission of reid health ambulance, inc. The compensation program addresses the following goals: 1.) the ability to attract an individual who is highly qualified by reason of professional education, past experience, and personal characteristics; 2.) appropriate recognition of performance (positive or negative); 3.) maintenance of motivation for further performance at a level of excellence; 4.) retention (when desired) of leadership expertise; and 5.) fairness. It is important to note that the issue of fairness relates to the community, reid health ambulance, inc., and the individual. The goal is not to minimize cost per se, nor to maximize income as a single objective. The goal is to achieve a compensation package that is fair to the community, fair to reid health ambulance, inc. And fair to the individual. In meeting this fairness objective, employee compensation is evaluated and determined by the following factors: market conditions, geographic considerations, third party consultations, legal review, and compensation surveys. An internal review was conducted by human resources in 2022.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The board of directors of reid hospital & health care services, inc. Has ultimate authority and responsibility for the compensation of reid health ambulance, inc. Directors, officers, and key employees. This responsibility extends to quality of services rendered, quality of its staff, quality of its leadership and other financial, legal, ethical, and operational considerations. As a service team providing human services, reid health ambulance, inc.'s people (leadership, staff, employees, and volunteers) represent the single most important asset possessed by the organization. More than any other factor (buildings, equipment, technology, etc.), the quality of human resources determines the quality of services ultimately provided to its patients and families. This commitment to quality and the stewardship of human resources serves as the foundation for reid health ambulance, inc.'s employee relations posture. This applies to all aspects of employee relations at all levels. A compensation philosophy that attracts and retains qualified, high quality and committed employees at all levels is in the best interest of reid health ambulance, inc. And those we serve. The president and ceo of reid hospital & health care services, inc., appointed by reid hospital & health care services, inc.'s governing board, is charged with the responsibility for developing and administering a compensation plan that reflects the previously stated philosophy and mission of reid health ambulance, inc. The compensation program addresses the following goals: 1.) the ability to attract an individual who is highly qualified by reason of professional education, past experience, and personal characteristics; 2.) appropriate recognition of performance (positive or negative); 3.) maintenance of motivation for further performance at a level of excellence; 4.) retention (when desired) of leadership expertise; and 5.) fairness. It is important to note that the issue of fairness relates to the community, reid health ambulance, inc., and the individual. The goal is not to minimize cost per se, nor to maximize income as a single objective. The goal is to achieve a compensation package that is fair to the community, fair to reid health ambulance, inc. And fair to the individual. In meeting this fairness objective, employee compensation is evaluated and determined by the following factors: market conditions, geographic considerations, third party consultations, legal review, and compensation surveys. An internal review was conducted by human resources in 2022.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Reid Health Ambulance Inc
EIN
83-2911570
Phone
7659833000
Address
1100 Reid Parkway, Richmond, IN 47374

Signing Officer

Name
Benjamin Wells
Title
President/CEO
Phone
8659833037
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Formed
2018
Legal Domicile
In
Voting Board Members
20
Independent Board Members
14
Employees
0
Volunteers
150

Preparer

Firm
Forvis Mazars LLP
Address
312 Walnut Street Suite 3000, Cincinnati, OH 45202
Preparer
Aaron Hershberger
Phone
5136218300
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Reid hospital & healthcare services (hospital), reid physician associates (rhpa), and reid health ambulance (rha) have been recognized as exempt from income taxes under section 501 of the internal revenue code and a similar provision of state law. However, these entities are subject to federal income tax on any unrelated business taxable income. Reid outpatient surgery and endoscopy, llc, reid anesthesia, llc, connersville pharmacy, llc, reid health properties, llc and south 37th street properties, llc are not directly subject to income taxes under the provisions of the internal revenue code and applicable state laws. Taxable income or loss is allocated to its members in accordance with their respective percentage ownership for inclusion in their respective tax returns. The hospital and its controlled subsidiaries file tax returns in the u.s. Federal jurisdiction.

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