GLOUCESTER VOLUNTEER FIRE & RESCUE SQUAD INC (EIN 237028667) - 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

1952

Legal Domicile

Principal Officer

LEWIS HORSLEY

Phone

7573033018

Tax Period

2024-01-01 to 2024-12-31

GLOUCESTER VOLUNTEER FIRE & RESCUE SQUAD INC, founded in 1952, is a community nonprofit in the Public Safety sector that reported $1.9M in total revenue in fiscal year 2018. The organization ran a surplus of $743K, a strong 39% operating margin.

Mission

FIRE & RESCUEPROVIDE EMERGENCY FIRE AND RESCUE SERVICES TO UPPER GLOUCESTER COUNTY, VA

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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 $3,165,236

Program Service Revenue $0

Investment Income $377,121

Other Revenue $108,468

TOTAL REVENUE $3,650,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,749

Fundraising Expenses $17,790

Program Expenses $1,570,962

Other Expenses $1,196,003

TOTAL EXPENSES $1,588,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,650,825	$2,849,656	+0.3%
Expenses	$1,588,752	$1,403,214	+0.1%
Net Income	$2,062,073	$1,446,442	+0.4%

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

197

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
BRUCE SOLES	President	10.00	Officer Director	$0	$0	$0
TONY DECOASTER	Vice President	8.00	Officer Director	$0	$0	$0
KAREN KRAMER	Secretary	6.00	Officer Director	$0	$0	$0
TOBY CALLOWAY	Treasurer	10.00	Officer Director	$0	$0	$0
RICHARD BROWN	Chaplain	2.00	Director	$0	$0	$0
JASPER CLEMENTS	Fire Chief	10.00	Director	$0	$0	$0
LEWIS KERNS	Asst EMS Chief	10.00	Director	$0	$0	$0
JON WILLIAMS	Asst Fire Chief	10.00	Director	$0	$0	$0
FORREST CONNER	Asst Fire Chief	10.00	Director	$0	$0	$0
W L JOHNSON	Asst Fire Chief	10.00	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	$3,650,825	$1,588,752	$18,957,099	$2,062,073
2023	$2,849,656	$1,403,214	$16,904,049	$1,446,442
2022	$3,861,308	$1,334,426	$14,626,718	$2,526,882
2021	$2,292,871	$1,118,786	$12,110,476	$1,174,085
2020	$2,300,446	$1,075,280	$10,922,892	$1,225,166
2019	$1,837,318	$1,153,619	$10,437,536	$683,699
2018	$1,883,747	$1,140,368	$9,782,558	$743,379

GLOUCESTER VOLUNTEER FIRE & RESCUE SQUAD INC