VIRGINIA BEACH RESCUE SQUAD FOUNDA… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

PAGE ATKINSON MIYARES

Phone

7574370968

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC, founded in 1982, is a small nonprofit that reported $895K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $2.5M exceeded revenue, resulting in a 176% operating deficit.

Mission

TO SUPPORT AN INDEPENDENT AND VITAL VIRGINIA BEACH VOLUNTEER RESCUE SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $1,010,221

PAYMENTS TO OR ON BEHALF OF VIRGINIA BEACH RESCUE SQUAD, INC.

Program 2

Expenses: $963,145

PROVIDE TOTAL FUNDING FOR RECRUITMENT AND RETENTION CAMPAIGN FOR VOLUNTEERS FOR VIRGINIA BEACH RESCUE SQUAD SYSTEM.

Program 3

Expenses: $155,541

AN ANNUAL GRANT PROGRAM AVAILABLE TO ALL RESCUE-RELATED ENTITIES IN VIRGINIA BEACH.

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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 (2023)

Revenue Breakdown

Contributions & Grants $400,724

Program Service Revenue $0

Investment Income $547,190

Other Revenue $-52,421

TOTAL REVENUE $895,493

Expense Breakdown

Grants Paid $891,896

Salaries & Benefits $288,205

Fundraising Expenses $90,190

Program Expenses $2,134,307

Other Expenses $1,290,384

TOTAL EXPENSES $2,470,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$895,493	$697,641	+0.3%
Expenses	$2,470,485	$2,159,573	+0.1%
Net Income	$-1,574,992	$-1,461,932	+0.1%

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

$110,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA BENEFIEL	EXECUTIVE DI	40.00	Officer	$110,188	$0	$110,188
CLARENCE J SMITH III	IMMED PAST P	N/A	Officer Director	$0	$0	$0
PAGE ATKINSON MIYARES	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN C STEIN	TREASURER	N/A	Officer Director	$0	$0	$0
ELIZABETH A TWOHY	VICE-PRESIDE	N/A	Officer Director	$0	$0	$0
LISA E PARKS	SECRETARY	N/A	Officer Director	$0	$0	$0
THOMAS L HARP JR	DIRECTOR	N/A	Director	$0	$0	$0
IZAAK GLASSER	DIRECTOR	N/A	Director	$0	$0	$0
C DAVID WHITLEY	DIRECTOR	N/A	Director	$0	$0	$0
ELLEN MCBRIDE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN W RICHARDSON	DIRECTOR	N/A	Director	$0	$0	$0
TOM BARTON III	DIRECTOR	N/A	Director	$0	$0	$0
MOLLIE SESSOMS KORTE	DIRECTOR	N/A	Director	$0	$0	$0
WALTON E YANCEY JR	DIRECTOR	N/A	Director	$0	$0	$0
HERBERT A CULPEPPER JR	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL V UNGER	DIRECTOR	N/A	Director	$0	$0	$0
JOHN NEUMAYER	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN ALLEN	DIRECTOR	N/A	Director	$0	$0	$0
BUFFY BAREFOOT	DIRECTOR	N/A	Director	$0	$0	$0
MATTHEW CHIARADIA	DIRECTOR	N/A	Director	$0	$0	$0
ANDREW COHEN	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL MCCRACKEN	DIRECTOR	N/A	Director	$0	$0	$0
RICK SCHOEW	DIRECTOR	N/A	Director	$0	$0	$0
ERIC V WRAY II	DIRECTOR	N/A	Director	$0	$0	$0
ADDISON BLACKWELL	DIRECTOR	N/A	Director	$0	$0	$0
PAUL FEAKINS	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$895,493	$2,470,485	$15,171,463	$-1,574,992
2022	$697,641	$2,159,573	$15,740,028	$-1,461,932
2021	$1,429,433	$1,606,890	$18,609,784	$-177,457
2020	$1,370,966	$879,963	$16,953,805	$491,003
2019	$1,310,846	$1,136,844	$16,655,043	$174,002
2018	$485,707	$1,231,360	$14,474,368	$-745,653

VIRGINIA BEACH RESCUE SQUAD FOUNDATION INC