ROWAN COUNTY RESCUE SQUAD INC

EIN: 566061117 501(c)(3)

SALISBURY, NC

Total Revenue
$588,991
Total Expenses
$578,074
Total Assets
$1,256,655
Net Assets
$1,240,347
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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
1951
Legal Domicile
NC
Principal Officer
WILLIAM FEATHER
Phone
7046335405
Tax Period
2024-07-01 to 2025-06-30

ROWAN COUNTY RESCUE SQUAD INC, founded in 1951, is a small nonprofit that reported $589K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 25 months of operating reserves.

Mission

RESQUE SQUAD

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $485,071
Program Service Revenue $9,655
Investment Income $14,479
Other Revenue $79,786
TOTAL REVENUE $588,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $239,049
Fundraising Expenses $0
Program Expenses $473,239
Other Expenses $339,025
TOTAL EXPENSES $578,074

Year-over-Year Comparison

2024 2023 Change
Revenue $588,991 $777,880 -0.2%
Expenses $578,074 $626,518 -0.1%
Net Income $10,917 $151,362 -0.9%
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

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Governance

Voting Members
9
Independent Members
9
Employees
26
Volunteers
58

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN L YOUNG DIRECTOR 1.00
Director
$0 $0 $0
PHIL YORK DIRECTOR 1.00
Director
$0 $0 $0
MEREDITH SMITH DIRECTOR 1.00
Director
$0 $0 $0
CHAD LATURNO DIRECTOR 1.00
Director
$0 $0 $0
JOHN MORRISON DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MCDANIEL DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM FEATHER CHAIR 1.00
Officer
$0 $0 $0
ALLEN CRESS VICE CHAIR 1.00
Officer
$0 $0 $0
BRITTANY C BARNHARDT SECRETARY 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 $588,991 $578,074 $1,256,655 $10,917
2024 $777,880 $626,518 $1,237,713 $151,362
2023 $480,574 $514,508 $1,097,728 $-33,934
2022 $558,388 $508,930 $1,173,777 $49,458
2021 $568,227 $543,120 $1,148,034 $25,107
2020 $583,274 $480,657 $1,153,940 $102,617
2019 $697,766 $730,519 $1,084,230 $-32,753
2019 $684,933 $811,099 $908,922 $-126,166
2018 $710,671 $710,715 $1,056,805 $-44
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