Calhoun EMS Profit & Loss Statements Cause More Questions

Calhoun EMS Director, Jason Wilson, has released the Profit & Loss Statements for the years 2019 through 2022 for the Calhoun EMS Agency. Although we appreciate the transparency that Wilson has gone above and beyond to show, those statements may raise more questions than answers. While I have warned Ridgeview readers on multiple occasions that “math” is not my forte, is profit not a good thing? From all appearances on the Statements each year 2019 through 2022, even with the un-billed runs from last year, Calhoun EMS showed a profit. Considerable profit.

My question would then be, why was the Calhoun EMS struggling? All four statements are listed below.

	Calhoun EMS, Inc
Profit and Loss
January – December 2019
		TOTAL
Income
Donations		18,604.68
In-Kind Donations		6,800.00
Insurance Proceeds		319,409.62
Levy Funds		164,989.20
Private Pay		11,656.20
Total Income		$521,459.70
GROSS PROFIT		$521,459.70
Expenses
Advertising & Marketing		380.4
Car & Truck		25,338.43
Contractors		23,089.81
Depreciation Expense		1,529.00
Insurance		32,468.58
Interest Paid		7,610.30
Job Supplies		2,317.53
Office Supplies & Software		1,312.89
Other Business Expenses		860
Payroll		248,219.98
Reimbursable Expenses		5,022.10
Repairs & Maintenance		22,484.41
Taxes & Licenses		400
Utilities		2,498.91
Total Expenses		$373,532.34
NET OPERATING INCOME		$147,927.36
NET INCOME		$147,927.36

	Calhoun EMS, Inc
Profit and Loss
January – December 2020
		TOTAL
Income
Donations		20,500.00
In-Kind Donations		3,300.00
Insurance Proceeds		221,275.36
Levy Funds		242,586.57
Private Pay		5,233.39
Refunds		-151.11
Total Income		$492,744.21
GROSS PROFIT		$492,744.21
Expenses
Car & Truck		16,880.36
Contractors		17,705.69
Depreciation Expense		7,674.65
Education & Training		519.55
Insurance		38,516.27
Interest Paid		5,658.82
Job Supplies		10,034.58
Legal & Professional Services		2,175.00
Office Supplies & Software		1,359.09
Other Business Expenses		1,170.00
Payroll		257,762.43
Repairs & Maintenance		29,522.81
Taxes & Licenses		339
Utilities		2,164.34
Total Expenses		$391,482.59
NET OPERATING INCOME		$101,261.62
Other Income
Other Miscellaneous Income		10,000.00
PPP Income		63,100.00
Total Other Income		$73,100.00
NET OTHER INCOME		$73,100.00
NET INCOME		$174,361.62

	Calhoun EMS, Inc
Profit and Loss
January – December 2021
		TOTAL
Income
Insurance Proceeds		150,021.24
Levy Funds		307,224.78
Private Pay		3,488.12
Refunds		-50
Sales		4,250.00
Total Income		$464,934.14
GROSS PROFIT		$464,934.14
Expenses
Car & Truck		12,183.52
Contractors		13,412.95
Depreciation Expense		7,788.80
Education & Training		150
Insurance		25,210.06
Interest Paid		4,763.23
Job Supplies		6,715.47
Legal & Professional Services		1,150.00
Office Supplies & Software		3,425.05
Other Business Expenses		360
Payroll		303,214.03
Postage		48.35
Reimbursable Expenses		123.52
Repairs & Maintenance		11,056.35
Taxes & Licenses		475
Uncategorized Expense		85.61
Utilities		4,256.08
Total Expenses		$394,418.02
NET OPERATING INCOME		$70,516.12
Other Income
Other Miscellaneous Income		75,021.71
Total Other Income		$75,021.71
NET OTHER INCOME		$75,021.71
NET INCOME		$145,537.83

	Calhoun EMS, Inc
Profit and Loss
January – December 2022
		TOTAL
Income
Donations		45,500.00
Insurance Proceeds		72,785.62
Levy Funds		439,079.44
Private Pay		4,765.05
Refunds		1,716.32
Total Income		$563,846.43
GROSS PROFIT		$563,846.43
Expenses
911 Coverage (other agency)		101,292.80
Bank Charges & Fees		30
Car & Truck		31,134.59
Contractors		7,264.45
Education & Training		4,390.61
Insurance		19,708.62
Interest Paid		2,040.40
Job Supplies		7,592.16
Legal & Professional Services		1,150.00
Office Supplies & Software		3,443.80
Other Business Expenses		240
Payroll		215,389.06
Postage		55
Reimbursable Expenses		94.03
Rent & Lease		1,500.00
Repairs & Maintenance		26,956.16
Taxes & Licenses		225
Utilities		5,589.95
Total Expenses		$428,096.63
NET OPERATING INCOME		$135,749.80
NET INCOME		$135,749.80