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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
Donations18,604.68
In-Kind Donations6,800.00
Insurance Proceeds319,409.62
Levy Funds164,989.20
Private Pay11,656.20
Total Income$521,459.70 
GROSS PROFIT$521,459.70 
Expenses
Advertising & Marketing380.4
Car & Truck25,338.43
Contractors23,089.81
Depreciation Expense1,529.00
Insurance32,468.58
Interest Paid7,610.30
Job Supplies2,317.53
Office Supplies & Software1,312.89
Other Business Expenses860
Payroll248,219.98
Reimbursable Expenses5,022.10
Repairs & Maintenance22,484.41
Taxes & Licenses400
Utilities2,498.91
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
Donations20,500.00
In-Kind Donations3,300.00
Insurance Proceeds221,275.36
Levy Funds242,586.57
Private Pay5,233.39
Refunds-151.11
Total Income$492,744.21 
GROSS PROFIT$492,744.21 
Expenses
Car & Truck16,880.36
Contractors17,705.69
Depreciation Expense7,674.65
Education & Training519.55
Insurance38,516.27
Interest Paid5,658.82
Job Supplies10,034.58
Legal & Professional Services2,175.00
Office Supplies & Software1,359.09
Other Business Expenses1,170.00
Payroll257,762.43
Repairs & Maintenance29,522.81
Taxes & Licenses339
Utilities2,164.34
Total Expenses$391,482.59 
NET OPERATING INCOME$101,261.62 
Other Income
Other Miscellaneous Income10,000.00
PPP Income63,100.00
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 Proceeds150,021.24
Levy Funds307,224.78
Private Pay3,488.12
Refunds-50
Sales4,250.00
Total Income$464,934.14 
GROSS PROFIT$464,934.14 
Expenses
Car & Truck12,183.52
Contractors13,412.95
Depreciation Expense7,788.80
Education & Training150
Insurance25,210.06
Interest Paid4,763.23
Job Supplies6,715.47
Legal & Professional Services1,150.00
Office Supplies & Software3,425.05
Other Business Expenses360
Payroll303,214.03
Postage48.35
Reimbursable Expenses123.52
Repairs & Maintenance11,056.35
Taxes & Licenses475
Uncategorized Expense85.61
Utilities4,256.08
Total Expenses$394,418.02 
NET OPERATING INCOME$70,516.12 
Other Income
Other Miscellaneous Income75,021.71
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
Donations45,500.00
Insurance Proceeds72,785.62
Levy Funds439,079.44
Private Pay4,765.05
Refunds1,716.32
Total Income$563,846.43 
GROSS PROFIT$563,846.43 
Expenses
911 Coverage (other agency)101,292.80
Bank Charges & Fees30
Car & Truck31,134.59
Contractors7,264.45
Education & Training4,390.61
Insurance19,708.62
Interest Paid2,040.40
Job Supplies7,592.16
Legal & Professional Services1,150.00
Office Supplies & Software3,443.80
Other Business Expenses240
Payroll215,389.06
Postage55
Reimbursable Expenses94.03
Rent & Lease1,500.00
Repairs & Maintenance26,956.16
Taxes & Licenses225
Utilities5,589.95
Total Expenses$428,096.63 
NET OPERATING INCOME$135,749.80 
NET INCOME$135,749.80 

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