Gold Cross Ambulance Service

What it reported doing in 2014

Education and training - see schedule o: education and training: gold cross has been designated by the american heart association (aha) as a community training center (ctc) for the aha which has established gold cross as a provider of emergency cardiac care training at various professional levels for the aha. Gold cross provides customized educational and training programs to the public, mayo clinic, mayo foundation for medical education and research, other allied health care agencies, and public safety agencies covering topics such as basic emergency care, medical-legal issues, osha requirements, environmental emergencies and other courses specific to customer needs. Throughout 2014 over 10,000 people were trained through the ctc operated by gold cross.gold cross donates training time to a variety of cities, counties, fire departments, emergency medical service agencies, as well as the general public. Gold cross has demonstrated this commitment by supporting various associations including the southeast regional ems program board, the arrowhead ems association, the central Minnesota ems joint powers board, the south central ems board, the mn ems regulatory board, the mn ems regulatory board data collection subcommittee, the mn ems regulatory board prehospital education advisory committee, the mn ems regulatory board mental health transfer task force, the rochester/olmsted county integrated emergency management system disaster exercise subcommittee, the lakehead (Minnesota) and vacationland (Wisconsin) mutual aid associations, the american heart association, the Minnesota ambulance association, and the southeast regional ems prehospital advisory committee. Approximately 8,300 hours of employee time was provided for a variety of safety-related programs to various communities, businesses, and schools. In addition, gold cross ambulance service employees participated in a large number of community events, school career fairs, student tours, brownie troops, cub scouts, boy scouts, student mentorship programs, various parades, head start events and health fairs, among others. The estimated dollar value of these efforts and other donated services exceeded $414,000. In addition gold cross has established a 2-year paramedic training program in conjunction with a local community college and the mayo school of health sciences. The investment made in the program helps secure a well-trained workforce for gold cross and other ambulance providers that depend on a continuous flow of new, well-qualified and capable paramedics into the workforce. Many local communities cannot upgrade their ambulance service from basic (bls) to advanced (als) because volunteers do not have accessible training. Inspired by this fact, gold cross has worked with a multitude of community partners to develop innovative training solutions. Similarly, volunteer community groups specializing in first response or disaster response often lack finances to make initial purchases of equipment or to upgrade equipment. Gold cross donates used equipment to such organizations regularly. The total value of donated equipment, including vehicles in 2014 was approximately $71,500. Gold cross further supports various communities by contracting with them to provide management support services for their services.over the years, gold cross has developed cooperative approaches in meeting medical center staffing needs as well as increasing training for gold cross paramedics. By collaborating with hospitals in various cities in which we provide service, gold cross paramedics provide advanced level patient care in the emergency room environment in communities that benefit from that staffing. Through this collaborative effort, gold cross paramedics receive training and experience to further enhance their skills and the hospital and medical center benefit from the availability of paramedics to assist during periods of time when they experience shortages in staffing.gold cross is a founding mem

Financial Efficiency

• Mission deployment rate: 80.8%; rating input score 81
• Program expense ratio: 84.2%; rating input score 84
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 13th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 71st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4%; rating input score 55; 55th percentile among comparable filings
• Total-asset coverage ratio: 0.54; rating input score 24; 24th percentile among comparable filings
• Liabilities to assets ratio: 0.35; rating input score 49; 49th percentile among comparable filings
• Officer compensation ratio: 2.7%; rating input score 62; 62nd percentile among comparable filings

Growth

• Program expense growth: 2.7% per year; rating input score 100; 41st percentile among comparable filings
• Revenue growth: 11% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: -9.2% per year; rating input score 0; 5th percentile among comparable filings