RICH SQUARE FIRE AND RESCUE INC

EIN: 581354121 501(c)(3)

RICH SQUARE, NC

Total Revenue
$488,824
Total Expenses
$161,074
Total Assets
$868,227
Net Assets
$855,406
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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
1978
Legal Domicile
NC
Principal Officer
MIKE VICK
Phone
2525392666
Tax Period
2024-01-01 to 2024-12-31

RICH SQUARE FIRE AND RESCUE INC, founded in 1978, is a small nonprofit that reported $489K in total revenue in fiscal year 2024. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $328K, a strong 67% operating margin.

Mission

CONTROL OF FIRES

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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 (2024)

Revenue Breakdown

Contributions & Grants $458,300
Program Service Revenue $0
Investment Income $32
Other Revenue $30,492
TOTAL REVENUE $488,824

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,074
Other Expenses $158,074
TOTAL EXPENSES $161,074

Year-over-Year Comparison

2024 2023 Change
Revenue $488,824 $256,814 +0.9%
Expenses $161,074 $117,009 +0.4%
Net Income $327,750 $139,805 +1.3%
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
7
Independent Members
7
Employees
N/A
Volunteers
34

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
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BRACY DIRECTOR 1.00
Director
$0 $0 $0
BEN MOSES JR ASST CHIEF 1.00
Officer Director
$0 $0 $0
TEDDY LASSITER SECRETARY/TR 1.00
Officer Director
$0 $0 $0
DON PERRY DIRECTOR 1.00
Director
$0 $0 $0
PHILIP RICKS DIRECTOR 1.00
Director
$0 $0 $0
MARK VICK CHIEF 1.00
Officer Director
$0 $0 $0
MIKE VICK PRESIDENT 1.00
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 $488,824 $161,074 $868,227 $327,750
2023 $256,814 $117,009 $551,436 $139,805
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