SOLOMONS VOLUNTEER RESCUE SQUAD & FIRE DEPARTMENT INC (EIN 526074375) - 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

1954

Legal Domicile

Principal Officer

TERRY ANDERSON

Phone

4103266657

Tax Period

2023-10-01 to 2024-09-30

SOLOMONS VOLUNTEER RESCUE SQUAD & FIRE DEPARTMENT INC, founded in 1954, is a small nonprofit in the Public Safety sector that reported $707K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $666K left a modest 6% surplus.

Mission

VOLUNEER FIRE & RESCUE SERVICE

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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 $706,757

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $706,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $28,989

Program Expenses $574,167

Other Expenses $665,577

TOTAL EXPENSES $665,577

Year-over-Year Comparison

	2023	2022	Change
Revenue	$706,757	$604,341	+0.2%
Expenses	$665,577	$609,460	+0.1%
Net Income	$41,180	$-5,119	-9.0%

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

120

Independent Members

120

Employees

N/A

Volunteers

155

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
TERRY ANDERSON	PRESIDENT	35.00	Director	$0	$0	$0
WAYNE SHERANKO	VICE PRESIDENT	14.00	Director	$0	$0	$0
CAROL LANGLEY	CORRESPONDING SEC	35.00	Director	$0	$0	$0
LAUREN KREAMER	TREASURER	10.00	Director Highest	$0	$0	$0
ALEJANDRO VELAZQUEZ	BOD/CHIEF	40.00	Officer Director	$0	$0	$0
JOSEPH FORD SR	BOD	4.00	Officer Director	$0	$0	$0
DAVID HUPP	BOD	4.00	Director	$0	$0	$0
KAREN LACEY	BOD	4.00	Director	$0	$0	$0
DONNA FORD	RECORDING SECRETARY	15.00	Director	$0	$0	$0
DAVID ACKERMAN	BOD	4.00	Director	$0	$0	$0
RICHARD HARGRAVE SR	BOD	4.00	Officer 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	$706,757	$665,577	No data	$41,180
2023	$604,341	$609,460	No data	$-5,119
2022	$640,057	$549,075	No data	$90,982
2021	$732,368	$664,119	No data	$68,249
2020	$474,092	$360,573	No data	$113,519
2019	$557,170	$523,522	No data	$33,648
2018	$474,360	$498,981	No data	$-24,621

SOLOMONS VOLUNTEER RESCUE SQUAD & FIRE DEPARTMENT INC