THE VANCE LIFE SAVING AND RESCUE SQUAD INC

EIN: 561325753 501(c)(3)

HENDERSON, NC

Total Revenue
$262,660
Total Expenses
$306,926
Total Assets
$124,386
Net Assets
$122,390
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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
1985
Legal Domicile
NC
Principal Officer
MIKE FISHER
Phone
2522262137
Tax Period
2023-01-01 to 2023-12-31

THE VANCE LIFE SAVING AND RESCUE SQUAD INC, founded in 1985, is a small nonprofit that reported $263K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $307K exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDING RESCUE SERVICES

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $200,842
Program Service Revenue $0
Investment Income $14,000
Other Revenue $47,818
TOTAL REVENUE $262,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,996
Fundraising Expenses $0
Program Expenses $243,683
Other Expenses $208,930
TOTAL EXPENSES $306,926

Year-over-Year Comparison

2023 2022 Change
Revenue $262,660 $210,313 +0.2%
Expenses $306,926 $145,771 +1.1%
Net Income $-44,266 $64,542 -1.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
11
Volunteers
40

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
4
$12,803
Total Directors
10
$23,078
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE PULLEY PRESIDENT 1.00
Officer Director
$0 $0 $0
LONNIE HALE VICE PRESIDENT 1.00
Officer Director
$12,803 $0 $12,803
RANDY NEWMAN SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL FISHER TREASURER 10.00
Officer Director
$0 $0 $0
JOSH GREEN BOARD MEMBER 1.00
Director
$2,537 $0 $2,537
CURTIS PAUL BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE LYLES BOARD MEMBER 1.00
Director
$0 $0 $0
TYLER MCDANIEL BOARD MEMBER 1.00
Director
$7,738 $0 $7,738
DENNIS SANFORD BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT EDWARDS BOARD MEMBER 1.00
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 No data No data No data No data
2023 $262,660 $306,926 $124,386 $-44,266
2022 $210,313 $145,771 $217,360 $64,542
2021 $162,140 $124,172 $209,518 $37,968
2020 $156,773 $127,899 $221,191 $28,874
2019 $142,675 $121,349 $244,680 $21,326
2018 $266,687 $102,857 $151,256 $163,830
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