VANCEBORO RESCUE SQUAD INC

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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

1977

Legal Domicile

Principal Officer

TIMOTHY WEATHERINGTON

Phone

2522440017

Tax Period

2024-07-01 to 2025-06-30

VANCEBORO RESCUE SQUAD INC, founded in 1977, is a small nonprofit that reported $706K in total revenue in fiscal year 2024. Expenses of $678K left a modest 4% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE EMERGENCY MEDICAL SERVICES TO PRESERVE LIFE AND PROVIDE FIRST AID.

Program Service Accomplishments

Program 1

Expenses: $677,657 Revenue: $704,351

THE PURPOSE OF THE CORPORATION BEING ORGANIZED IS TO PRESERVE LIFE AND TO PROVIDE FIRST AID; TO TEACH SAFETY AND THE PRINCIPALS OF FIRST AID AND LIFE SAVING; ALSO TO PERFORM SERVICES NECESSARY TO...

THE PURPOSE OF THE CORPORATION BEING ORGANIZED IS TO PRESERVE LIFE AND TO PROVIDE FIRST AID; TO TEACH SAFETY AND THE PRINCIPALS OF FIRST AID AND LIFE SAVING; ALSO TO PERFORM SERVICES NECESSARY TO MINIMIZE INJURIES TO PERSONS AND DAMAGE TO PROPERTY IN CASES OF AN EMERGENCY TO THE CITIZENS OF TOWNSHIP ONE IN CRAVEN COUNTY.

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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 $1,400

Program Service Revenue $704,351

Investment Income $480

Other Revenue $0

TOTAL REVENUE $706,231

Expense Breakdown

Grants Paid $350

Salaries & Benefits $487,728

Fundraising Expenses $0

Program Expenses $677,657

Other Expenses $189,579

TOTAL EXPENSES $677,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$706,231	$692,337	+0.0%
Expenses	$677,657	$615,939	+0.1%
Net Income	$28,574	$76,398	-0.6%

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

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
MIKE KITE	BOARD OF DIR	0.00	Director	$0	$0	$0
TOMMY DAIL	BOARD OF DIR	0.00	Director	$0	$0	$0
JEFF VANVORHEES	BOARD OF DIR	0.00	Director	$0	$0	$0
STACEY LEWIS	BOARD OF DIR	0.00	Director	$0	$0	$0
TIMOTHY WEATHERINGTON	PRESIDENT	8.00	Officer	$0	$0	$0
MARGARET KITE	SECRETARY	8.00	Officer	$0	$0	$0
MICHAEL WETHERINGTON	TREASURER	8.00	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
2025	$706,231	$677,657	$1,384,671	$28,574
2024	$692,337	$615,939	$1,363,173	$76,398
2023	$694,332	$657,970	$1,344,872	$36,362
2022	$593,006	$573,411	$1,361,564	$19,595
2021	$724,946	$637,398	$1,357,632	$87,548