Is Chatham Rescue Squad Inc Legit?

Chatham Rescue Squad Inc demonstrates consistent financial activity, with revenues and expenses generally increasing over the past decade. In 2022, the organization reported revenues of $1,866,163 against expenses of $1,893,458, indicating a slight operational deficit for that year. However, prior years like 2021 and 2020 showed surpluses, with revenues of $1,891,080 and $1,951,910 respectively, exceeding expenses. The organization's assets have shown steady growth, increasing from $712,789 in 2013 to $1,540,690 in 2022, suggesting good financial stewardship and capacity building. Liabilities have also increased but remain manageable relative to assets. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 12 filings available. A notable aspect of its financial management is the reported 0% officer compensation across all available filings, which indicates that the organization's leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a strong indicator of dedication to its mission. This practice, combined with a healthy asset base, suggests a financially sound and mission-focused operation. While specific program spending ratios are not provided in the raw data, the nature of a rescue squad implies that the vast majority of its expenses would be directly related to its emergency services mission. The consistent growth in assets and the absence of reported officer compensation contribute positively to its overall financial health and public trust.