Bassett Rescue Squad Inc (EIN 540939626) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1955

Legal Domicile

Principal Officer

Ray Cooley

Phone

2766293107

Tax Period

2024-01-01 to 2024-12-31

Bassett Rescue Squad Inc, founded in 1955, is a small nonprofit in the Health Care sector that reported $242K in total revenue in fiscal year 2018.

Mission

Rescue Squad Operations

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $36,059

Program Service Revenue $205,551

Investment Income $6,083

Other Revenue $6,363

TOTAL REVENUE $254,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $273,938

Other Expenses $282,615

TOTAL EXPENSES $282,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,056	$360,992	-0.3%
Expenses	$282,615	$262,439	+0.1%
Net Income	$-28,559	$98,553	-1.3%

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

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
Ray Cooley	President	2.00	Officer Director	$0	$0	$0
Christopher Ashley	Vice President	2.00	Officer Director	$0	$0	$0
W Marcus Stone	Director	2.00	Director	$0	$0	$0
Paul Kennedy	Director	2.00	Director	$0	$0	$0
Melissa Delello	Treasurer/Secretary	2.00	Officer Director	$0	$0	$0
Jeff Fulcher	Director	2.00	Director	$0	$0	$0
Kippy Cassell	Director	2.00	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
2024	$254,056	$282,615	$235,351	$-28,559
2023	$360,992	$262,439	$265,270	$98,553
2022	$210,435	$219,614	$167,103	$-9,179
2021	$74,345	$125,568	$175,982	$-51,223
2020	$168,145	$275,518	$228,830	$-107,373
2019	$270,618	$257,906	$334,534	$12,712
2018	$242,257	$264,319	$323,472	$-22,062

Bassett Rescue Squad Inc