Is South Orange Rescue Squad Inc Legit?

The South Orange Rescue Squad Inc. demonstrates a generally stable financial position with consistent revenue growth in recent years. Their latest filing (202306) shows revenue of $537,883 exceeding expenses of $374,772, indicating a healthy surplus. This trend of revenue outpacing expenses is a positive development, especially compared to earlier periods like 201906 where expenses ($316,119) exceeded revenue ($248,601). The organization's assets have also shown growth, reaching $679,918 in 202306, which provides a solid financial foundation. Their liabilities have fluctuated but remained manageable, with a notable decrease from $148,704 in 202006 to $13,900 in 202306, suggesting effective financial management. Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to provide a precise assessment. However, the consistent reporting of 0% officer compensation across all filings is a strong indicator of efficient use of funds, as it suggests a volunteer-driven leadership structure. This practice significantly reduces overhead costs that might otherwise be allocated to executive salaries. The NTEE code M20 (Ambulance & Emergency Medical Services) implies that the majority of their expenses would naturally be program-related, covering operational costs for emergency services. In terms of transparency, the organization has a robust filing history with 13 IRS 990 filings, indicating consistent compliance with reporting requirements. The readily available financial data across multiple years allows for a comprehensive review of their financial trajectory. The absence of officer compensation also contributes to a perception of transparency and dedication to their mission, as it suggests that leadership is not drawing salaries from the organization's funds.