Davidson County Rescue Squad Inc (EIN 566063472) - 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

Christy T Morrow

Phone

3362490465

Tax Period

2023-11-01 to 2024-10-31

Davidson County Rescue Squad Inc, founded in 1941, is a small nonprofit in the Health Care sector that reported $286K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $94K, a strong 33% operating margin.

Mission

Provide Rescue Services To Davidson County, NC

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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 (2023)

Revenue Breakdown

Contributions & Grants $261,963

Program Service Revenue $6,951

Investment Income $16,732

Other Revenue $0

TOTAL REVENUE $285,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $191,490

Other Expenses $191,490

TOTAL EXPENSES $191,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,646	$173,815	+0.6%
Expenses	$191,490	$155,344	+0.2%
Net Income	$94,156	$18,471	+4.1%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Derrick Barcombe	Director - President	5.00	Officer Director	$0	$0	$0
Eric Morrow	Director - Vice President	5.00	Officer Director	$0	$0	$0
Christy Morrow	Director-Treasurer	5.00	Officer Director	$0	$0	$0
Dawn Hewett	Director-Secretary	5.00	Officer Director	$0	$0	$0
Richard Greene	Director	5.00	Director	$0	$0	$0
Terry Shoaf	Director	5.00	Director	$0	$0	$0
Kim Workman	Director	5.00	Director	$0	$0	$0
Brandy Alexander	Director	5.00	Director	$0	$0	$0
Danny Covington	Director	5.00	Director	$0	$0	$0
Ronnie Alexander	Director	5.00	Director	$0	$0	$0
Tim Surratt	Director	5.00	Director	$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
2024	$285,646	$191,490	$395,160	$94,156
2023	$173,815	$155,344	$477,101	$18,471
2022	$320,557	$127,438	$473,676	$193,119
2021	$189,267	$134,815	$289,161	$54,452
2020	$163,003	$126,748	$271,188	$36,255
2019	$151,735	$126,941	$248,794	$24,794
2018	$156,139	$169,634	$251,394	$-13,495

Davidson County Rescue Squad Inc