NORFOLK VOLUNTEER RESCUE SQUAD INC (EIN 222412252) - 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

1981

Legal Domicile

Principal Officer

RONALD ALDRIDGE JR

Phone

3153844656

Tax Period

2024-01-01 to 2024-12-31

NORFOLK VOLUNTEER RESCUE SQUAD INC, founded in 1981, is a small nonprofit in the Health Care sector that reported $139K in total revenue in fiscal year 2024. Expenses of $220K exceeded revenue, resulting in a 58% operating deficit.

Mission

PROVIDE EMERGENCY MEDICAL CARE

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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 $21,231

Program Service Revenue $115,864

Investment Income $218

Other Revenue $1,672

TOTAL REVENUE $138,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,761

Other Expenses $219,714

TOTAL EXPENSES $219,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,985	$136,406	+0.0%
Expenses	$219,714	$134,929	+0.6%
Net Income	$-80,729	$1,477	-55.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE ANDRASIK	1ST ASSISTAN	1.00	Officer Director	$0	$0	$0
MOLLY ANDRASIK	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD ALDRIDGE JR	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRYON KIPP	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ERIC MOLNAR	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
SEAN MURPHY	TREASURER	1.00	Officer Director	$0	$0	$0
BRIAN SIMONS	CHIEF	1.00	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	$138,985	$219,714	$280,402	$-80,729
2023	$136,406	$134,929	$392,267	$1,477

NORFOLK VOLUNTEER RESCUE SQUAD INC