SOUTH IREDELL FIRE-RESCUE INC (EIN 561012902) - 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

1966

Legal Domicile

Principal Officer

JORDAN CASARELLA

Phone

7046643043

Tax Period

2024-07-01 to 2025-06-30

SOUTH IREDELL FIRE-RESCUE INC, founded in 1966, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 52% operating margin.

Mission

FIRE PROTECTION 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 $1,591,445

Program Service Revenue $0

Investment Income $470,570

Other Revenue $23,974

TOTAL REVENUE $2,085,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $398,814

Fundraising Expenses $0

Program Expenses $939,919

Other Expenses $599,945

TOTAL EXPENSES $998,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,085,989	$922,866	+1.3%
Expenses	$998,759	$1,006,236	0.0%
Net Income	$1,087,230	$-83,370	-14.0%

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

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

$67,714

Total Directors

$98,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL THOMPSON	PRESIDENT	20.00	Officer Director	$0	$0	$0
BRIAN WEATHERMAN	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
JORDAN CASARELLA	CHIEF	20.00	Director	$0	$0	$0
EMILY KING	COMMUNITY MEMBER	20.00	Director	$0	$0	$0
KIM WILSON	COMMUNITY MEMBER	20.00	Director	$0	$0	$0
SCOTT COLLINS	COMMUNITY MEMBER	20.00	Director	$0	$0	$0
SHAYNE SUMMERFIELD	SECRATARY	20.00	Officer Director	$21,144	$0	$21,144
JONATHAN BLACKLEY	DEPARTMENT MEMBER	20.00	Director	$0	$0	$0
BOB KRAUSZ	COMMUNITY MEMBER	20.00	Director	$0	$0	$0
JAKE ENGLES	DEPARTMENT MEMBER	20.00	Director	$30,801	$0	$30,801
SUSAN SWEEZY	TREASURER	32.00	Officer Director	$46,570	$0	$46,570

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	$2,085,989	$998,759	$4,263,476	$1,087,230
2024	$922,866	$1,006,236	$3,509,936	$-83,370
2023	$1,065,570	$749,528	$3,768,881	$316,042
2022	$1,352,192	$534,743	$3,752,912	$817,449
2021	$789,300	$601,431	$2,954,684	$187,869
2019	$458,627	$506,252	$2,935,002	$-47,625
2018	$465,248	$552,423	$3,132,878	$-87,175

SOUTH IREDELL FIRE-RESCUE INC