BRIDGEWATER VOLUNTEER 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

1973

Legal Domicile

Principal Officer

JIM TOWERS

Phone

5408283395

Tax Period

2023-01-01 to 2023-12-31

BRIDGEWATER VOLUNTEER RESCUE SQUAD, founded in 1973, is a small nonprofit in the Public Safety sector that reported $298K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $346K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE, WITHOUT CHARGE, THE HIGHEST QUALITY PROFESSIONAL PRE-HOSPITAL EMERGENCY MEDICAL CARE AND RESCUE SERVICES TO ALL CITIZENS IN THE COMMUNITY IN TIME OF SUDDEN ILLNESS, INJURY, OR DISASTER.

Program Service Accomplishments

Program 1

Expenses: $307,025 Revenue: $136,356

RESPOND TO 911 CALLS FOR EMERGENCIES IN THE COMMUNITY TO PROVIDE MEDICAL CARE AND TRANSPORT TO THE HOSPITAL.

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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 $68,574

Program Service Revenue $136,356

Investment Income $13,504

Other Revenue $79,765

TOTAL REVENUE $298,199

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $307,025

Other Expenses $346,463

TOTAL EXPENSES $346,463

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,199	$320,748	-0.1%
Expenses	$346,463	$344,559	+0.0%
Net Income	$-48,264	$-23,811	+1.0%

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
ROBERT O HAM III	PRESIDENT	20.00	Officer Director	$0	$0	$0
MARK NESS	VICE PRESIDE	20.00	Officer Director	$0	$0	$0
JIM TOWERS	TREASURER	20.00	Officer Director	$0	$0	$0
MAKENNA EPPARD	RECORDING SE	15.00	Officer Director	$0	$0	$0
LAUREN RAWLEY	CORRESPONDIN	15.00	Officer Director	$0	$0	$0
LUKE PACZEWSKI	CHIEF	30.00	Officer Director	$0	$0	$0
LISA AUSTIN	DEPUTY CHIEF	20.00	Officer Director	$0	$0	$0
FRANK LOKEY	CAPTAIN	20.00	Officer Director	$0	$0	$0
DANIEL DAFF	1ST LIEUTENA	20.00	Officer Director	$0	$0	$0
NANCY SHICKEL	DIRECTOR	1.00	Director	$0	$0	$0
HELEN YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
MILTON FRANKLIN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MONGER	DIRECTOR	1.00	Director	$0	$0	$0
SABRINA SHIFLETT	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERY CARR	DIRECTOR	1.00	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
2023	$298,199	$346,463	$2,273,334	$-48,264
2022	$320,748	$344,559	$2,310,250	$-23,811
2021	$311,693	$271,723	$2,348,127	$39,970
2020	$249,287	$267,743	$2,331,790	$-18,456
2019	$528,769	$302,171	$2,332,589	$226,598
2018	$256,976	$290,946	$2,158,752	$-33,970