North Iredell Rescue Squad Inc (EIN 562026726) - 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

1997

Legal Domicile

Principal Officer

Richard Renegar

Phone

7045462542

Tax Period

2024-07-01 to 2025-06-30

North Iredell Rescue Squad Inc, founded in 1997, is a small nonprofit in the Public Safety sector that reported $844K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $369K, a strong 44% operating margin.

Mission

Rescue 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 $797,460

Program Service Revenue $0

Investment Income $31,114

Other Revenue $15,746

TOTAL REVENUE $844,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,718

Fundraising Expenses $0

Program Expenses $451,090

Other Expenses $275,730

TOTAL EXPENSES $475,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$844,320	$511,655	+0.7%
Expenses	$475,111	$334,694	+0.4%
Net Income	$369,209	$176,961	+1.1%

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

Total Directors

$41,666

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Cook	Director	35.00	Director Highest	$41,666	$0	$41,666
Atley Brown	Director	5.00	Director	$0	$0	$0
Diana Shaver	Director	5.00	Director	$0	$0	$0
Keith Dobson	Director	5.00	Director	$0	$0	$0
Jason Shoemaker	Director	5.00	Director	$0	$0	$0
Gene Powers	Director	5.00	Director	$0	$0	$0
David Redmond	Director	5.00	Director	$0	$0	$0
Richard Renegar	Chairman	5.00	Officer	$0	$0	$0
Sandra Redmond	Secretary	5.00	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	$844,320	$475,111	$1,058,112	$369,209
2024	$511,655	$334,694	$740,087	$176,961
2022	$312,337	$344,462	$625,657	$-32,125
2020	$297,476	$354,469	$763,715	$-56,993
2019	$238,583	$399,101	$846,688	$-160,518
2018	$257,779	$291,753	$1,032,440	$-33,974

North Iredell Rescue Squad Inc