ELKIN EMERGENCY RESCUE SQUAD INC (EIN 237088953) - Form 990 Financial Analysis & Trantor Score

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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

1941

Legal Domicile

Principal Officer

Mike Bovender

Phone

3368354101

Tax Period

2024-07-01 to 2025-06-30

ELKIN EMERGENCY RESCUE SQUAD INC, founded in 1941, is a small nonprofit in the Health Care sector that reported $391K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $129K, a strong 33% operating margin.

Mission

to provide rescue and emergency medical 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $184,665

Program Service Revenue $211,397

Investment Income $-25,089

Other Revenue $19,671

TOTAL REVENUE $390,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,101

Fundraising Expenses $2,725

Program Expenses $246,917

Other Expenses $143,941

TOTAL EXPENSES $261,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,644	$357,287	+0.1%
Expenses	$261,767	$227,559	+0.2%
Net Income	$128,877	$129,728	0.0%

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

N/A

Employees

Volunteers

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

$12,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Bovender	Chief/Treasurer	20	Officer	$9,175	$0	$9,175
Eddie Bobbitt	Asst Chief	5	Officer	$3,501	$0	$3,501
Rudy Holbrook	President	1	Officer	$0	$0	$0
Tim Hodges	Vice President	1	Officer	$0	$0	$0
Mary Beth Rountree	Secretary	1	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	$390,644	$261,767	$1,193,708	$128,877
2024	$357,287	$227,559	$1,115,919	$129,728
2023	$236,556	$68,931	$932,367	$167,625
2022	$177,122	$149,314	$818,688	$27,808
2021	$173,385	$70,613	$825,088	$102,772

ELKIN EMERGENCY RESCUE SQUAD INC