WATERFORD RESCUE SQUAD INC (EIN 222337602) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

TRACY WEIR

Phone

5182376744

Tax Period

2024-01-01 to 2024-12-31

WATERFORD RESCUE SQUAD INC, founded in 1950, is a small nonprofit in the Health Care sector that reported $900K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $852K left a modest 5% surplus.

Mission

AMBULANCE AND RESCUE SERVICE FOR TOWN OF WATERFORD, NEW YORK

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $456,425

Program Service Revenue $442,689

Investment Income $404

Other Revenue $0

TOTAL REVENUE $899,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $582,910

Fundraising Expenses $0

Program Expenses $797,579

Other Expenses $269,354

TOTAL EXPENSES $852,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$899,518	$819,909	+0.1%
Expenses	$852,264	$787,387	+0.1%
Net Income	$47,254	$32,522	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$163,468

Total Directors

$70,181

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY WEIR	TREA/CHIEF S	40.00	Officer	$84,014	$0	$84,014
RICHARD A ELLISON	AST CHIEF SU	40.00	Officer	$79,454	$0	$79,454
JAMES CONLEY	MEMBER REP	40.00	Director	$70,181	$0	$70,181
STACEY DILBONE	DIRECTOR	N/A	Director	$0	$0	$0
LAURA DODGE	DIRECTOR	N/A	Director	$0	$0	$0
MELISSA LAMBERT	CHAIRMAN	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$899,518	$852,264	$525,698	$47,254
2023	$819,909	$787,387	$499,737	$32,522
2022	$807,415	$719,519	$486,144	$87,896
2021	$853,789	$847,134	$418,124	$6,655
2020	$770,529	$720,800	$410,140	$49,729
2019	$681,902	$743,277	$377,433	$-61,375
2018	$685,506	$709,261	$455,927	$-23,755

WATERFORD RESCUE SQUAD INC