LOVELADY RESCUE SQUAD INC

EIN: 581382600 501(c)(3)

GRANITE FALLS, NC

Total Revenue
$-61,096
Total Expenses
$56,164
Total Assets
$213,219
Net Assets
$213,219
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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
1961
Legal Domicile
NC
Principal Officer
THOMAS HIGH
Phone
8283963335
Tax Period
2018-07-01 to 2019-06-30

LOVELADY RESCUE SQUAD INC, founded in 1961, is a micro nonprofit that reported $61K in total revenue in fiscal year 2018.

Mission

PUBLIC SUPPORTED RESCUE AND EMERGENCY 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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $222
Investment Income $-61,318
Other Revenue $0
TOTAL REVENUE $-61,096

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $29,811
Other Expenses $56,164
TOTAL EXPENSES $56,164

Year-over-Year Comparison

2018 2017 Change
Revenue $-61,096 $-5,419 +10.3%
Expenses $56,164 $66,918 -0.2%
Net Income $-117,260 $-72,337 +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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER STARNES SECRETARY 1.00
Officer Director
$0 $0 $0
THOMAS HIGH TREASURER 2.00
Officer Director
$0 $0 $0
BEVERLY FRYE PRESIDENT 2.00
Officer Director
$0 $0 $0
NORMAN MILLER DIRECTOR 1.00
Officer Director
$0 $0 $0
GARY WILLIAMS DIRECTOR 1.00
Officer Director
$0 $0 $0
ROGER MCGUIRE DIRECTOR 1.00
Officer Director
$0 $0 $0
CARROLL BUMGARNER DIRECTOR 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
2019 $-61,096 $56,164 $213,219 $-117,260
2018 $-5,419 $66,918 $330,479 $-72,337
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