WESTERN ALBEMARLE RESCUE SQUAD FOU… - Form 990 Financial Data

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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

2019

Legal Domicile

Phone

4348237043

Tax Period

2023-07-01 to 2024-06-30

WESTERN ALBEMARLE RESCUE SQUAD FOUNDATION, founded in 2019, is a small nonprofit in the Public Safety sector that reported $195K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $164K, a strong 84% operating margin.

Mission

WARS FOUNDATION, SHALL AT ALL TIMES, BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF WESTERN ALBEMARLE RESCUE SQUAD, INC; WHICH PROVIDES EMERGENCY MEDICAL AND RESCUE SERVICES, AND EMERGENCY TRANSPORTATION TO THE SICK AND INJURED IN THE WESTERN PORTION OF ALBEMARLE COUNTY, VIRGINIA ON A VOLUNTARY, CHARITABLE BASIS.

Program Service Accomplishments

Program 1

Expenses: $27,156

TO BENEFIT WESTERN ALBEMARLE RESCUE SQUAD, INC., WHICH PROVIDES EMERGENCY MEDICAL TREATMENT AND TRANSPORTATION FOR THE COUNTY OF ALBEMARLE, VIRGINIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $169,944

Program Service Revenue $0

Investment Income $24,876

Other Revenue $0

TOTAL REVENUE $194,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,156

Other Expenses $30,565

TOTAL EXPENSES $30,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$194,820	$279,115	-0.3%
Expenses	$30,565	$37,538	-0.2%
Net Income	$164,255	$241,577	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	1.00	Officer	$0	$0	$0
N/A	MEMBER	1.00	Officer	$0	$0	$0
N/A	SECRETARY	1.00	Officer	$0	$0	$0
N/A	TREASURER	1.00	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	No data	No data	No data	No data
2024	$194,820	$30,565	$4,581,436	$164,255
2023	$279,115	$37,538	$4,244,595	$241,577
2022	$322,961	$14,835	$3,919,531	$308,126
2021	$2,482,779	$51,815	$4,105,728	$2,430,964
2020	$1,503,120	$3,067	$1,500,153	$1,500,053

WESTERN ALBEMARLE RESCUE SQUAD FOUNDATION