MIDDLESEX COUNTY VOLUNTEER RESCUE SQUAD INC (EIN 541233778) - 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

1958

Legal Domicile

Principal Officer

LESLIE KROM

Phone

8045050602

Tax Period

2023-08-01 to 2024-07-31

MIDDLESEX COUNTY VOLUNTEER RESCUE SQUAD INC, founded in 2000, is a small nonprofit in the Health Care sector that reported $814K in total revenue in fiscal year 2018. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $712K left a modest 13% surplus.

Mission

PROVIDING EMERGENCY MEDICAL SERVICE RESCUE SQUAD FOR THE COUNTY OF MIDDLESEX, VIRGINIA. THIS SERVICE IS BY VOLUNTEERS

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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 $398,482

Program Service Revenue $512,579

Investment Income $20,203

Other Revenue $189,077

TOTAL REVENUE $1,120,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $19,310

Program Expenses $1,125,510

Other Expenses $1,166,273

TOTAL EXPENSES $1,166,273

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,120,341	$1,469,318	-0.2%
Expenses	$1,166,273	$1,266,016	-0.1%
Net Income	$-45,932	$203,302	-1.2%

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
LESLIE KROM	TREASURER	N/A	Officer Director	$0	$0	$0
LYNN WHITE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JIM BREWER	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
TERRENCE HESS	SECRETARY	N/A	Officer Director	$0	$0	$0
OLE ALBERT	CAPTAIN	N/A	Officer Director	$0	$0	$0
ELLEN VEST	1ST LIEUTENA	N/A	Officer Director	$0	$0	$0
ANGIE ZABEL	2ND LIEUTENA	N/A	Officer Director	$0	$0	$0
WAYNE BAILEY	ENGINEER	N/A	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	$1,120,341	$1,166,273	$1,915,991	$-45,932
2023	$1,469,318	$1,266,016	$1,961,689	$203,302
2022	$923,272	$1,135,733	$1,772,379	$-212,461
2021	$904,277	$800,551	$1,976,798	$103,726
2020	$762,435	$887,142	$1,867,122	$-124,707
2019	$814,089	$712,115	$1,972,662	$101,974

MIDDLESEX COUNTY VOLUNTEER RESCUE SQUAD INC