Cannon County Rescue Squad (EIN 621637420) - 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

1978

Legal Domicile

Principal Officer

Michael Underhill

Phone

6153182688

Tax Period

2024-01-01 to 2024-12-31

Cannon County Rescue Squad, founded in 1978, is a small nonprofit in the Public Safety sector that reported $222K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $81K, a strong 36% operating margin.

Mission

Public charity rescue 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $162,790

Program Service Revenue $0

Investment Income $33,806

Other Revenue $25,561

TOTAL REVENUE $222,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $141,583

Other Expenses $141,583

TOTAL EXPENSES $141,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$222,157	$361,493	-0.4%
Expenses	$141,583	$180,830	-0.2%
Net Income	$80,574	$180,663	-0.6%

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

N/A

Volunteers

N/A

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
Michael Underhill	President	10.00	Officer	$0	$0	$0
Tim Bell	Unit Director	10.00	Officer	$0	$0	$0
Adam Hayes	Senior Vice President	10.00	Officer	$0	$0	$0
Patrick Cecil	Junior Vice President	10.00	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
2024	$222,157	$141,583	$333,656	$80,574
2023	$361,493	$180,830	$175,226	$180,663
2022	$135,295	$138,090	$85,609	$-2,795
2021	$115,473	$107,907	$122,527	$7,566
2020	$263,120	$258,471	$119,021	$4,649
2019	$91,788	$88,505	$143,486	$3,283
2018	$70,684	$88,478	$143,703	$-17,794

Cannon County Rescue Squad