Laurel Volunteer Rescue Squad Inc (EIN 526044884) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Phone

3017253345

Tax Period

2024-07-01 to 2025-06-30

Laurel Volunteer Rescue Squad Inc, founded in 1952, is a small nonprofit that reported $817K in total revenue in fiscal year 2024. The organization ran a surplus of $328K, a strong 40% operating margin.

Mission

Laurel Volunteer Rescue Squad, Inc. is a completely volunteer organization serving the citizens of Laurel, MD by providing fire, EMS, and rescue services to the citizens of the Laurel, Maryland Community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $241,632

Program Service Revenue $219,162

Investment Income $355,994

Other Revenue $0

TOTAL REVENUE $816,788

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $23,815

Program Expenses $443,197

Other Expenses $464,619

TOTAL EXPENSES $488,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$816,788	$816,239	+0.0%
Expenses	$488,434	$505,131	0.0%
Net Income	$328,354	$311,108	+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

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
Eric Globerman	President	10.00	Officer Director	$0	$0	$0
Raphael Gibson	Board Member	10.00	Officer Director	$0	$0	$0
Russell Ruehl	Board Member	10.00	Officer Director	$0	$0	$0
Chris Ruehl	Board Member	50.00	Officer Director	$0	$0	$0
Michael Skidmore	Board Member	10.00	Officer Director	$0	$0	$0
Justin Titman	Secretary	0.00	Director	$0	$0	$0
Bill Faucette	Treasurer	10.00	Officer	$0	$0	$0
Dawn Nakroshis	Secretary	5.00	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	$816,788	$488,434	$2,927,163	$328,354
2024	$341,555	$430,308	$2,363,690	$-88,753
2023	$816,239	$505,131	$2,558,071	$311,108
2022	$592,434	$478,619	$2,480,985	$113,815
2021	$415,149	$580,725	$2,829,049	$-165,576
2020	$513,342	$593,082	$2,562,869	$-79,740
2019	$463,920	$610,118	$2,837,131	$-146,198
2018	$727,730	$411,514	$2,511,869	$316,216

Laurel Volunteer Rescue Squad Inc