Virginia Beach Rescue Squad Inc (EIN 546047133) - 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

1993

Legal Domicile

Phone

7574374830

Tax Period

2023-01-01 to 2023-12-31

VIRGINIA BEACH RESCUE SQUAD INC, founded in 1993, is a small nonprofit in the Health Care sector that reported $963K in total revenue in fiscal year 2018. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $909K left a modest 6% surplus.

Mission

RESCUE SQUAD DEDICATED TO SAVING LIVES, DELIVERING QUALITY EMERGENCY MEDICAL SERVICES AND PROVIDING COMMUNITY EDUCATION AND SAFETY.

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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 $1,197,907

Program Service Revenue $78,641

Investment Income $137,019

Other Revenue $70,198

TOTAL REVENUE $1,483,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $7,101

Program Expenses $941,607

Other Expenses $1,167,265

TOTAL EXPENSES $1,167,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,483,765	$1,362,616	+0.1%
Expenses	$1,167,265	$1,100,494	+0.1%
Net Income	$316,500	$262,122	+0.2%

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

139

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
N/A	CAPTAIN OF ADMINISTRATION	20.0	Officer Director	$0	$0	$0
N/A	CAPTAIN OF OPERATIONS	25.0	Officer Director	$0	$0	$0
N/A	SECRETARY	24.0	Officer Director	$0	$0	$0
N/A	CHIEF / PRESIDENT	34.0	Officer Director	$0	$0	$0
N/A	TREASURER	30.0	Officer Director	$0	$0	$0
N/A	ADVISORY COUNCIL CHAIR	5.0	Officer Director	$0	$0	$0
N/A	MEMBER-AT-LARGE	13.0	Director	$0	$0	$0
N/A	MEMBER-AT-LARGE	13.0	Director	$0	$0	$0
N/A	MEMBER-AT-LARGE	13.0	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	No data	No data	No data	No data
2023	$1,483,765	$1,167,265	$9,918,755	$316,500
2022	$1,362,616	$1,100,494	$9,342,232	$262,122
2021	$836,974	$858,398	$9,138,122	$-21,424
2020	$700,777	$906,374	$9,000,850	$-205,597
2019	$1,186,986	$985,335	$9,415,019	$201,651
2018	$962,940	$908,778	$8,997,004	$54,162

Virginia Beach Rescue Squad Inc