HALIFAX COUNTY RESCUE SQUAD

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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

ANDREW J RICHARDSON JR

Phone

4345723960

Tax Period

2025-01-01 to 2025-12-31

HALIFAX COUNTY RESCUE SQUAD, founded in 1950, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2025. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE RESCUE, EMERGENCY AND AMBULANCE SERVICES TO HALIFAX COUNTY AND SOUTH BOSTON, VIRGINIA.

Program Service Accomplishments

Program 1

Expenses: $1,518,359 Revenue: $1,362,906

TO PROVIDE RESCUE, EMERGENCY AND AMBULANCE SERVICES FOR HALIFAX COUNTY AND SOUTH BOSTON, VA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $229,014

Program Service Revenue $1,342,879

Investment Income $20,027

Other Revenue $0

TOTAL REVENUE $1,591,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,182,218

Fundraising Expenses $0

Program Expenses $1,518,359

Other Expenses $504,848

TOTAL EXPENSES $1,687,066

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,591,920	$2,031,636	-0.2%
Expenses	$1,687,066	$1,629,550	+0.0%
Net Income	$-95,146	$402,086	-1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW J RICHARDSON JR	PRESIDENT	10.00	Officer	$0	$0	$0
DUSTIN TYNDALL	VICE PRESIDENT	10.00	Officer	$0	$0	$0
ANNE CONNER	CAPTAIN	10.00	Officer	$0	$0	$0
ABBIE SAUNDERS	SECRETARY	10.00	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
2025	$1,591,920	$1,687,066	$1,246,900	$-95,146
2024	$2,031,636	$1,629,550	$1,342,045	$402,086
2023	$1,701,793	$1,609,446	$939,959	$92,347
2022	$1,422,144	$1,499,541	$847,612	$-77,397
2021	$1,502,004	$1,445,240	$925,009	$56,764
2020	$1,190,481	$1,315,299	$868,245	$-124,818
2019	$1,353,594	$1,197,919	$993,063	$155,675
2018	$1,313,633	$1,120,298	$837,388	$193,335