Civic Intelligence

Madison County Rescue Squad Inc

EIN 51-0250532 • 501(c)3 • Madison, VA

Profile

VOLUNTEER RESCUE SQUAD

PO Box 23Madison, VA 22727

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

43rd percentile

1.1%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

15%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,132,937

Up $22,750 (+1.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,132,937

Up $22,750 (+1.1%) from 2023

Revenue

Up

$26,619

Up $3,485 (+15%) from 2023

Expenses

Down

$12,055

Down $87,249 (-88%) from 2023

Net Income

Up

$14,564

Up $90,734 (+119%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $797,394Liabilities 2011: $16,736Net Assets 2011: $780,6582011Assets 2012: $1,136,836Liabilities 2012: $239,466Net Assets 2012: $897,3702012Assets 2013: $1,277,749Liabilities 2013: $209,969Net Assets 2013: $1,067,7802013Assets 2014: $1,527,037Liabilities 2014: $131,698Net Assets 2014: $1,395,3392014Assets 2015: $1,620,009Liabilities 2015: $163,942Net Assets 2015: $1,456,0672015Assets 2016: $1,844,132Liabilities 2016: $104,144Net Assets 2016: $1,739,9882016Assets 2017: $2,304,855Liabilities 2017: $230,404Net Assets 2017: $2,074,4512017Assets 2018: $2,179,209Liabilities 2018: $202,700Net Assets 2018: $1,976,5092018Assets 2019: $2,163,560Liabilities 2019: $175,813Net Assets 2019: $1,987,7472019Assets 2020: $2,107,654Liabilities 2020: $175,813Net Assets 2020: $1,931,8412020Assets 2021: $2,376,519Liabilities 2021: $175,813Net Assets 2021: $2,200,7062021Assets 2022: $2,168,221Liabilities 2022: $0Net Assets 2022: $2,168,2212022Assets 2023: $2,110,187Liabilities 2023: $0Net Assets 2023: $2,110,1872023Assets 2024: $2,132,937Liabilities 2024: $0Net Assets 2024: $2,132,9372024

Highlighted filing

2024

Assets$2,132,937
Liabilities$0
Net Assets$2,132,937

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $236,119Expenses 2011: $213,008Net Income 2011: $23,1112011Revenue 2012: $454,802Expenses 2012: $338,090Net Income 2012: $116,7122012Revenue 2013: $487,658Expenses 2013: $317,402Net Income 2013: $170,2562013Revenue 2014: $631,864Expenses 2014: $304,305Net Income 2014: $327,5592014Revenue 2015: $346,005Expenses 2015: $285,277Net Income 2015: $60,7282015Revenue 2016: $470,464Expenses 2016: $371,543Net Income 2016: $98,9212016Revenue 2017: $618,479Expenses 2017: $284,016Net Income 2017: $334,4632017Revenue 2018: $284,674Expenses 2018: $382,616Net Income 2018: -$97,9422018Revenue 2019: $254,001Expenses 2019: $242,763Net Income 2019: $11,2382019Revenue 2020: $323,053Expenses 2020: $378,959Net Income 2020: -$55,9062020Revenue 2021: $482,181Expenses 2021: $213,316Net Income 2021: $268,8652021Revenue 2022: $936,912Expenses 2022: $969,397Net Income 2022: -$32,4852022Revenue 2023: $23,134Expenses 2023: $99,304Net Income 2023: -$76,1702023Revenue 2024: $26,619Expenses 2024: $12,055Net Income 2024: $14,5642024

Highlighted filing

2024

Revenue$26,619
Expenses$12,055
Net Income$14,564

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$0.00$2.13$0.03$0.01$0.01
2023Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$0.02$0.10$0.08
2022Detailed filing. Detailed filing data is available for this year.$2.17$0.00$2.17$0.94$0.97$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.18$2.20$0.48$0.21$0.27
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.18$1.93$0.32$0.38$0.06
2019Summary only. Only limited summary data is available for this year.$2.16$0.18$1.99$0.25$0.24$0.01
2018Summary only. Only limited summary data is available for this year.$2.18$0.20$1.98$0.28$0.38$0.10
2017Summary only. Only limited summary data is available for this year.$2.30$0.23$2.07$0.62$0.28$0.33
2016Detailed filing. Detailed filing data is available for this year.$1.84$0.10$1.74$0.47$0.37$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.62$0.16$1.46$0.35$0.29$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.53$0.13$1.40$0.63$0.30$0.33
2013Detailed filing. Detailed filing data is available for this year.$1.28$0.21$1.07$0.49$0.32$0.17
2012Summary only. Only limited summary data is available for this year.$1.14$0.24$0.90$0.45$0.34$0.12
2011Summary only. Only limited summary data is available for this year.$0.80$0.02$0.78$0.24$0.21$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$38,895
Mission and Program Overview

Mission

Volunteer Rescue Squad

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$331,377$2,065,546▲ $1,734,169
Cash and Non-Interest-Bearing Accounts$1,778,504$67,085▼ $1,711,419
Accounts Receivable$306$306→ $0
Total Assets$2,110,187$2,132,937▲ $22,750
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,110,187$2,132,937▲ $22,750
Total Net Assets Fund Balance$2,110,187$2,132,937▲ $22,750
Total Liabilities and Net Assets / Fund Balance$2,110,187$2,132,937▲ $22,750
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steve GraysonPresident
Wayne JonesVice President
Betty GraysonDirector
Bill BazzleDirector
Dana SabineDirector
Davey AylorDirector
Jack BerryDirector
Jeff JenkinsDirector
Jeff KnightingDirector
Linda BazzleDirector
Mary Ellen BrunoDirector
Mike GravesDirector
Mike KestnerDirector
Paul CoatesDirector
Ricky WalkerDirector
Rose JonesDirector
Steven DodsonDirector
Colin PalmAssistant Secretary
Judy KnightingAssistant Treasurer/direct
Diane DodsonHistorian
Jeff EarlyLegal Advisor
Pam WalkerSecretary
Diane KelliherTreasurer/public Relations
Revenue and Support

Revenue Composition

Contributions and Grants
$636
Program Service Revenue
$0
Investment Income
$25,983
Other Revenue
$0
All Other Contributions
$636
Change in Net Assets
$14,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,055
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$7,190-$7,190
Insurance$4,073--$4,073
Office Expenses-$780-$780
Other Expenses-$12-$12
Total Functional Expenses$4,073$7,982$0$12,055
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Steve & betty grayson, pam & ricky walker, wayne & rose jones, and judy & jeff knighting are married.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the senior officers.

Form 990, Part VI, Section C, Line 18

The form 990 and supporting schedules are available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and other documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Madison County Rescue Squad Inc
EIN
51-0250532
Phone
5409483001
Address
PO BOX 23, MADISON, VA 22727

Signing Officer

Name
Steve Grayson
Title
President
Phone
5409483001
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Grayson
Formed
1963
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
23
Employees
0
Volunteers
23

Preparer

Firm
Hantzmon Wiebel Llp
Address
PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Robin C Swink
Phone
4342962156
Supplemental Narrative

Additional Explanations

Form 990

Madison county rescue squad, incorporated (mcrs), a volunteer rescue squad providing medical emergency transport and treatment, was formed under virginia law in madison county, virginia, in 1963, and received 501(c)(3) recognition from the internal revenue service in 1980. Over time, all providers of emergency medical services in the commonwealth of virginia were required to be licensed by the virginia department of health in order to provide these services. More recently, madison county formed its own department of medical services (ems) and contracted with mcrs to have the trained and licensed volunteers provide ems services as a part of madison county's ems department, under the county's license with the department of health in accordance with a memorandum of understanding between the county and mcrs. In august, 2021 the county notified mcrs that it was terminating the memorandum of understanding effective in 90 days, therefore mcrs no longer was licensed to provide ems in madison county. After a series of meetings, mcrs decided to begin the process of dissolving its corporate status under virginia law, the governing agency being the virginia state corporation commission. The board of directors and membership of mcrs enacted resolutions during the course of 2022 moving in the direction of an ultimate dissolution of the corporation. As a result of those resolutions, charitable contributions which had been received over the course of the last several years for the express purpose of the construction by madison county and mcrs of a new ems facility had been earmarked for this construction and held in federally insured bank accounts. Once the decision was made to move in the direction of dissolution, mcrs contacted all donors of these funds to obtain the direction of each as to whether the donor wanted a return of the contribution, or a transfer of the donee's contribution to another 501(c)(3) entity, or for mcrs to retain the donation to be used for other charitable purposes. Mcrs anticipates that the final organizational activity will be completed during calendar year 2026 and expects to file a final 990 tax return thereafter in accordance with filing time requirements.

Raw XML AppendixShowing 400 of 435 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt7LEGAL ADVISOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STEVE & BETTY GRAYSON, PAM & RICKY WALKER, WAYNE & ROSE JONES, AND JUDY & JEFF KNIGHTING ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE SENIOR OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 AND SUPPORTING SCHEDULES ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADISON COUNTY RESCUE SQUAD, INCORPORATED (MCRS), A VOLUNTEER RESCUE SQUAD PROVIDING MEDICAL EMERGENCY TRANSPORT AND TREATMENT, WAS FORMED UNDER VIRGINIA LAW IN MADISON COUNTY, VIRGINIA, IN 1963, AND RECEIVED 501(C)(3) RECOGNITION FROM THE INTERNAL REVENUE SERVICE IN 1980. OVER TIME, ALL PROVIDERS OF EMERGENCY MEDICAL SERVICES IN THE COMMONWEALTH OF VIRGINIA WERE REQUIRED TO BE LICENSED BY THE VIRGINIA DEPARTMENT OF HEALTH IN ORDER TO PROVIDE THESE SERVICES. MORE RECENTLY, MADISON COUNTY FORMED ITS OWN DEPARTMENT OF MEDICAL SERVICES (EMS) AND CONTRACTED WITH MCRS TO HAVE THE TRAINED AND LICENSED VOLUNTEERS PROVIDE EMS SERVICES AS A PART OF MADISON COUNTY'S EMS DEPARTMENT, UNDER THE COUNTY'S LICENSE WITH THE DEPARTMENT OF HEALTH IN ACCORDANCE WITH A MEMORANDUM OF UNDERSTANDING BETWEEN THE COUNTY AND MCRS. IN AUGUST, 2021 THE COUNTY NOTIFIED MCRS THAT IT WAS TERMINATING THE MEMORANDUM OF UNDERSTANDING EFFECTIVE IN 90 DAYS, THEREFORE MCRS NO LONGER WAS LICENSED TO PROVIDE EMS IN MADISON COUNTY. AFTER A SERIES OF MEETINGS, MCRS DECIDED TO BEGIN THE PROCESS OF DISSOLVING ITS CORPORATE STATUS UNDER VIRGINIA LAW, THE GOVERNING AGENCY BEING THE VIRGINIA STATE CORPORATION COMMISSION. THE BOARD OF DIRECTORS AND MEMBERSHIP OF MCRS ENACTED RESOLUTIONS DURING THE COURSE OF 2022 MOVING IN THE DIRECTION OF AN ULTIMATE DISSOLUTION OF THE CORPORATION. AS A RESULT OF THOSE RESOLUTIONS, CHARITABLE CONTRIBUTIONS WHICH HAD BEEN RECEIVED OVER THE COURSE OF THE LAST SEVERAL YEARS FOR THE EXPRESS PURPOSE OF THE CONSTRUCTION BY MADISON COUNTY AND MCRS OF A NEW EMS FACILITY HAD BEEN EARMARKED FOR THIS CONSTRUCTION AND HELD IN FEDERALLY INSURED BANK ACCOUNTS. ONCE THE DECISION WAS MADE TO MOVE IN THE DIRECTION OF DISSOLUTION, MCRS CONTACTED ALL DONORS OF THESE FUNDS TO OBTAIN THE DIRECTION OF EACH AS TO WHETHER THE DONOR WANTED A RETURN OF THE CONTRIBUTION, OR A TRANSFER OF THE DONEE'S CONTRIBUTION TO ANOTHER 501(C)(3) ENTITY, OR FOR MCRS TO RETAIN THE DONATION TO BE USED FOR OTHER CHARITABLE PURPOSES. MCRS ANTICIPATES THAT THE FINAL ORGANIZATIONAL ACTIVITY WILL BE COMPLETED DURING CALENDAR YEAR 2026 AND EXPECTS TO FILE A FINAL 990 TAX RETURN THEREAFTER IN ACCORDANCE WITH FILING TIME REQUIREMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990
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