Atlantic Partners Ems INC EIN 01-0373341 Form 990 (PDF) Claim this org

Atlantic Partners Ems INC

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Improves emergency medical services through education, quality assurance, and resource development for Maine's healthcare providers. For fiscal year 2024 it reported $609K in revenue, $622K in expenses, and $29K in net assets.Pt I

Type
Public charity (501(c)(3)) · Health Care
Location
Winslow, ME
Website
www.apems.org
Filings
5 on file (2020–2024)
Revenue
$609KFY2024
Expenses
$622K
Net assets
$29K
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  01-0373341 Public charity (501(c)(3)) Winslow, ME
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves emergency medical services through education, quality assurance, and resource development for Maine's healthcare providers.
Leadership
Rick Petrie · Secretary · $4K
Money in and out
$609K revenue, $622K expenses
Bottom line
73% program efficiency
Where the money goes · FY2024
Total revenue
$609K
Pt VIII · Ln 12
Total expenses
$622K
Pt IX · Ln 25
Net assets
$29K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$14K
Where spending went · Part IX cols B–D
Program services $0.73 Management & general $0.27
Program efficiency
73%
of spending reaches programs▼ -7% vs prior filing year
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▲ +40% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +78% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$609K
FY2024▲ +4%
Expenses
$622K
FY2024▼ -4%
Total assets
$112K
FY2024▼ -6%
Total liabilities
$83K
FY2024▲ +9%
Total revenue
$609K
Pt VIII · Ln 12
Total expenses
$622K
Pt IX · Ln 25
Net assets
$29K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$14K
Total assetsPt X · Ln 16$112K
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAtlantic Partners Ems INC
EINHdr · item D01-0373341
Principal addressHdr · item CWinslow, ME
WebsiteHdr · item Jwww.apems.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MME
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E62Z)
Ruling yearIRS BMFSep 1981

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Secretary
$3,617Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Rick Petrie’s $4K as Secretary is at the 2nd percentile of top reported officer pay among 1965 $100K–1M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Richard a Petrie$72,363$77,563
Sally Taylor$66,875$61,100$57,200
Rick Petrie$3,617$32,815
David Saquet$6,000$8,000$10,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $455K of program spending, described in the organization's own filed words · FY2023.
01

Atlantic partners ems is a non-profit corporation created under the laws of the state of maine to act as an extension of maine ems in providing quality improvement, ems education, and resource development services to the ambulance, rescue, and first responder services as well as hospitals and other health care agencies or organizations…

$455Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$603K · 99%
Contributions & grants$6K · 1%
Program service revenue99%$603K
Contributions & grants1%$6K
Investment income$7
Total revenueLn 12$609K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27
Program services73%$455K
Management & general27%$168K
Total functional expensesLn 25$622K

Balance Sheet

Part X · end of year
CashLn 1$33K
Total assetsLn 16$112K
Total liabilitiesLn 26$83K
Total net assetsLn 32$29K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $37K · Operating expenses/yr $622K
0.7 months
Where the money goes
Program services
Program services $455K · Total expenses $622K
73%
Management & General
Management & general $168K · Total expenses $622K
27%
Fundraising
Fundraising $0 · Total expenses $622K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $6K · Total revenue $609K
1.0%
Government reliance
Government grants — · Total revenue $609K
Earned-income share
Program service revenue $603K · Total revenue $609K
99%
Investment reliance
Investment income $7 · Total revenue $609K
<0.01%
Program self-sufficiency
Program service revenue $603K · Total expenses $622K
97%
Growth & trend
Revenue growth (YoY)
This year $609K · Prior year $586K
+4%
Revenue CAGR
FY2019 $1.2M · FY2023 $609K
-15%
Net-asset trend (YoY)
End of year $29K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $609K · Expenses $622K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $112K
Net-asset ratio
Net assets $29K · Total assets $112K
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $112K
4%
People & payroll
Highest Reported Total Compensation
Individual Rick Petrie · Reported title SECRETARY · Highest reported compensation $4K · Total expenses $622K
0.6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $314K · Total expenses $622K
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%
Overhead ratio 27%
Fundraising cost ratio 0%
Revenue growth 4%
Investment management fee ratio 4%
Legal fee ratio 0.07%
Accounting fee ratio 0.1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$6K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$609K revenue · viewing · ⤓ 990 PDF
FY2023$586K revenue · ⤓ 990 PDF
FY2022$774K revenue · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$1.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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