LETCHER VOLUNTEER FIRE AND RESCUE SQUAD AMBULANCE

EIN: 611148252 501(c)(3)

WHITESBURG, KY

Total Revenue
$621,301
Total Expenses
$658,686
Total Assets
$86,056
Net Assets
$-237,944
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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
1983
Legal Domicile
KY
Principal Officer
PAUL RADPSEVICH
Tax Period
2019-01-01 to 2019-12-31

LETCHER VOLUNTEER FIRE AND RESCUE SQUAD AMBULANCE, founded in 1983, is a small nonprofit that reported $621K in total revenue in fiscal year 2019.

Mission

AMBULANCE/FIRE DEPT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $45,881
Program Service Revenue $426,109
Investment Income $0
Other Revenue $149,311
TOTAL REVENUE $621,301

Expense Breakdown

Grants Paid $0
Salaries & Benefits $437,619
Fundraising Expenses $0
Program Expenses $647,777
Other Expenses $221,067
TOTAL EXPENSES $658,686

Year-over-Year Comparison

2019 2018 Change
Revenue $621,301 $625,208 0.0%
Expenses $658,686 $679,453 0.0%
Net Income $-37,385 $-54,245 -0.3%
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
9
Independent Members
9
Employees
23
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
4
$41,712
Total Directors
5
$24,748
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLACE BOLLING Jr DIRECTOR 0.00
Director
$24,748 $0 $24,748
DORIS BANKS DIRECTOR 0.00
Director
$0 $0 $0
TAMMY WHITAKER DIRECTOR 0.00
Director
$0 $0 $0
LOYE CAUDILL DIRECTOR 0.00
Director
$0 $0 $0
BOB BANKS DIRECTOR 0.00
Director
$0 $0 $0
PAUL RADPSEVICH CHAIRMAN 0.00
Officer
$0 $0 $0
BERMA MATTHEWS SECRETARY 0.00
Officer
$0 $0 $0
HARRY COLLINS TREASURER 0.00
Officer
$0 $0 $0
SHAWN GILLEY EX DIRECTOR 0.00
Officer
$41,712 $0 $41,712
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 $621,301 $658,686 $86,056 $-37,385
2018 $625,208 $679,453 $154,205 $-54,245
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