Is Tri Boro First Aid Squad Inc Legit?

Quick charity verification for Tri Boro First Aid Squad Inc (EIN: 220062560)

Verdict: Tri Boro First Aid Squad Inc appears trustworthy

85/100Mission Score

$692KRevenue

$297KAssets

3Red Flags

4Strengths

Red Flags

Expenses exceeding revenue in recent years (e.g., 2023 and 2022)
Decreasing assets from 2021 to 2023 ($717,375 to $429,656)
Increasing liabilities over the past few years ($179,449 in 2021 to $274,260 in 2023)

Strengths

Consistent 0% officer compensation across all filings, indicating strong commitment to mission over executive pay.
Long history of IRS 990 filings (14 filings), demonstrating transparency and compliance.
Provides essential emergency services (First Aid Squad, NTEE E62Z) to the community.
Demonstrated ability to generate significant revenue in certain years (e.g., $933,939 in 2021).

Spending Breakdown

How Tri Boro First Aid Squad Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Tri Boro First Aid Squad Inc

Is Tri Boro First Aid Squad Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Tri Boro First Aid Squad Inc (EIN: 220062560) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Tri Boro First Aid Squad Inc a good charity to donate to?

Tri Boro First Aid Squad Inc has a Mission Score of 85/100. Revenue: $692K. Assets: $297K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Tri Boro First Aid Squad Inc?

The Employer Identification Number (EIN) for Tri Boro First Aid Squad Inc is 220062560. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Tri Boro First Aid Squad Inc spend its money?

Tri Boro First Aid Squad Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Tri Boro First Aid Squad Inc's tax-exempt status?

You can verify Tri Boro First Aid Squad Inc's tax-exempt status using EIN 220062560 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Tri Boro First Aid Squad Inc demonstrates a consistent operational presence, providing emergency services as indicated by its NTEE code E62Z. The organization's financial health shows some volatility in recent years. For instance, in 2023, expenses of $773,353 exceeded revenue of $575,304, leading to a deficit. This trend of expenses exceeding revenue was also observed in 2022 ($705,301 expenses vs. $520,820 revenue) and 2018 ($517,451 expenses vs. $506,536 revenue). However, there have also been periods of surplus, such as in 2021 where revenue of $933,939 significantly outpaced expenses of $652,208. The organization's assets have fluctuated, reaching a high of $717,375 in 2021 but decreasing to $429,656 by 2023, while liabilities have generally increased over the past few years, reaching $274,260 in 2023. This indicates a need for careful financial management to ensure long-term sustainability.

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 available filings suggests a strong commitment to directing funds towards operations rather than executive salaries, which is a positive indicator for efficiency. The organization's primary function as a first aid squad inherently implies a high proportion of spending on direct program services, such as equipment, training, and personnel for emergency response. The lack of officer compensation also contributes positively to transparency, as it indicates that leadership is likely volunteer-based or compensated through other means not classified as officer compensation.

Transparency is generally good given the consistent filing of IRS Form 990s over 14 periods and the clear reporting of financial figures. The absence of officer compensation is a notable point of transparency, as it removes a common area of scrutiny for nonprofits. However, a more detailed breakdown of expenses beyond total expenses would further enhance transparency, allowing for a clearer understanding of how funds are allocated across different functions. The fluctuations in revenue and expenses, along with changes in assets and liabilities, suggest that while the organization is transparent in its reporting, its financial stability requires ongoing monitoring.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.