GASTON VOLUNTEER RESCUE SQUAD INC (EIN 561442444) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

Edward Porter III

Phone

2525378279

Tax Period

2024-01-01 to 2024-12-31

GASTON VOLUNTEER RESCUE SQUAD INC, founded in 1985, is a small nonprofit in the Health Care sector that reported $434K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $235K, a strong 54% operating margin.

Mission

ORGANIZATION PROVIDES RESCUE AND EMERGENCY MEDICAL SERVICES TO THE TOWN OF GASTON AND NORTHAMPTON COUNTY, NC.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,409

Program Service Revenue $153,107

Investment Income $263,525

Other Revenue $6,230

TOTAL REVENUE $434,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,292

Fundraising Expenses $0

Program Expenses $199,244

Other Expenses $197,952

TOTAL EXPENSES $199,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$434,271	$521,251	-0.2%
Expenses	$199,244	$500,570	-0.6%
Net Income	$235,027	$20,681	+10.4%

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
EDWARD PORTER III	COMMANDER	20	Officer Director	$0	$0	$0
PAUL NOWELL	DIRECTOR	20	Officer Director	$0	$0	$0
JEFFREY PITTMAN	DIRECTOR	20	Director	$0	$0	$0
CODY COOKE	DIRECTOR	20	Director	$0	$0	$0
JARVIS HORNE	DIRECTOR	20	Director	$0	$0	$0
BRAXTON JOHNSON	SECRETARY	20	Officer Director	$0	$0	$0
MICHELLE RICKS	TREASURER	25	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	$434,271	$199,244	$255,708	$235,027
2023	$521,251	$500,570	$530,991	$20,681
2022	$485,819	$558,752	$408,938	$-72,933
2021	$342,412	$276,928	$408,938	$65,484
2020	$382,390	$374,941	$336,005	$7,449

GASTON VOLUNTEER RESCUE SQUAD INC