PRINCESS ANNE COURTHOUSE VRS AND FD (EIN 541139299) - 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

1947

Legal Domicile

Principal Officer

TREVOR KIRK

Tax Period

2023-01-01 to 2023-12-31

PRINCESS ANNE COURTHOUSE VRS AND FD, founded in 1947, is a small nonprofit in the Public Safety sector that reported $400K in total revenue in fiscal year 2018. Revenue surged 97% from the prior year, signaling strong growth momentum. The organization ran a surplus of $172K, a strong 43% operating margin.

Mission

TO PROVIDE RESCUE SQUAD SERVICES TO THE CITIZENS OF VIRGINIA BEACH, VA ON A VOLUNTEER BASIS

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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 (2023)

Revenue Breakdown

Contributions & Grants $307,494

Program Service Revenue $39,072

Investment Income $-2,063

Other Revenue $-21,256

TOTAL REVENUE $323,247

Expense Breakdown

Grants Paid $1,025

Salaries & Benefits $0

Fundraising Expenses $23,442

Program Expenses $319,965

Other Expenses $363,837

TOTAL EXPENSES $388,304

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,247	$415,145	-0.2%
Expenses	$388,304	$411,107	-0.1%
Net Income	$-65,057	$4,038	-17.1%

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
GREG SANDLER	BOARD MEMBER	2.00	Officer	$0	$0	$0
NIKKI MIDKIFF	CHIEF AND CEO	6.00	Officer	$0	$0	$0
DEBBIE BRIGHT	BOARD MEMBER	2.00	Officer	$0	$0	$0
DIANA COUNTS	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
TREVOR KIRK	CHAIRMAN	6.00	Officer	$0	$0	$0
LARRY WINES	BOARD MEMBER	2.00	Officer	$0	$0	$0
DANNY BOONE	BOARD MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$323,247	$388,304	$1,917,872	$-65,057
2022	$415,145	$411,107	$2,272,150	$4,038
2021	$426,590	$317,406	$2,050,721	$109,184
2020	$316,937	$266,290	$2,039,854	$50,647
2019	$188,147	$248,602	$1,853,234	$-60,455
2018	$400,443	$228,633	$1,040,509	$171,810

PRINCESS ANNE COURTHOUSE VRS AND FD