PRINCE EDWARD VOLUNTEER RESCUE SQUAD (EIN 237013291) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

CAROL BROADWATER

Phone

4343926973

Tax Period

2024-01-01 to 2024-12-31

PRINCE EDWARD VOLUNTEER RESCUE SQUAD, founded in 1969, is a small nonprofit that reported $855K in total revenue in fiscal year 2018. Revenue decreased 12% compared to the prior year.

Mission

THE PRINCE EDWARD VOLUNTEER RESCUE SQUAD IS AN ORGANIZATION DEDICATED TO PROVIDING THE CITIZENS OF PRINCE EDWARD COUNTY WITH EXCEPTIONAL EMERGENCY MEDICAL SERVICES AT A MOMENTS NOTICE. AT THE HEART OF THE ORGANIZATION ARE ITS MEMBERS WHO ARE REPRESENTATIVE OF THE DIVERSE POPULATION IN WHICH IT SERVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $239,686

Program Service Revenue $908,936

Investment Income $73,258

Other Revenue $5,191

TOTAL REVENUE $1,227,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $805,703

Fundraising Expenses $0

Program Expenses $1,217,986

Other Expenses $482,901

TOTAL EXPENSES $1,288,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,227,071	$1,332,766	-0.1%
Expenses	$1,288,604	$1,327,564	0.0%
Net Income	$-61,533	$5,202	-12.8%

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

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

$15,882

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEANNA JONES	EXECUTIVE DI	40.00	Director	$15,882	$0	$15,882
CAROL BROADWATER	TREASURER	3.00	Officer	$0	$0	$0
RICHARD BROADWATER	VICE PRESIDE	3.00	Officer	$0	$0	$0
MIA RAGLAND	SECRETARY	3.00	Officer	$0	$0	$0
DAVID WILMOTH	PRESIDENT	3.00	Officer	$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	$1,227,071	$1,288,604	$1,763,691	$-61,533
2023	$1,332,766	$1,327,564	$1,910,536	$5,202
2022	$1,088,153	$1,268,349	$2,140,854	$-180,196
2021	$1,340,365	$1,188,812	$2,396,853	$151,553
2020	$1,580,102	$1,097,067	$2,379,466	$483,035
2019	$1,177,349	$1,026,239	$1,887,363	$151,110
2018	$855,496	$914,879	$1,840,411	$-59,383

PRINCE EDWARD VOLUNTEER RESCUE SQUAD