Milford Holland Rescue Squad Inc
Milford Holland Rescue Squad: Declining Revenue and Assets Raise Concerns
EIN: 222271712 · Milford, NJ · NTEE: E620 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $583K |
| Total Expenses | $578K |
| Program Spending | 75% |
| Net Assets | $133K |
| Transparency Score | 65/100 |
Is Milford Holland Rescue Squad Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Milford Holland Rescue Squad Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Milford Holland Rescue Squad Inc
Milford Holland Rescue Squad Inc (EIN: 222271712) is a nonprofit organization based in Milford, NJ, classified under NTEE code E620. The organization reported total revenue of $583K and total assets of $139K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Milford Holland Rescue Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Milford Holland Rescue Squad Inc is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $500K |
| Total Expenses | $578K |
| Surplus / Deficit | $-77,293 |
| Total Assets | $133K |
| Net Assets | $133K |
| Operating Margin | -15.4% |
| Months of Reserves | 2.8 months |
Financial Health Grade: C
In 2023, Milford Holland Rescue Squad Inc reported a deficit of $77K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Milford Holland Rescue Squad Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.3% | -5.3% | -29.0% |
| 2022 | -30.2% | -24.6% | -26.0% |
| 2021 | +98.8% | +53.0% | -3.2% |
| 2020 | -16.5% | -12.2% | -17.8% |
| 2019 | +122.7% | +11.0% | +58.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Milford Holland Rescue Squad Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Milford Holland Rescue Squad Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the available data, preventing a specific assessment of individual salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Milford Holland Rescue Squad Inc's IRS 990 filings:
- Significant and consistent decline in total revenue over the past three years, from $866,812 in 2021 to $500,496 in 2023.
- Steady decrease in total assets, indicating potential financial instability or asset depletion.
- Expenses frequently exceed revenue, as seen in 2023 ($577,789 expenses vs. $500,496 revenue) and 2022 ($609,937 expenses vs. $604,967 revenue).
Strengths
The following positive indicators were identified for Milford Holland Rescue Squad Inc:
- Consistent reporting of 0% lobbying expenses, suggesting a focus on direct mission-related activities.
- Long operational history indicated by data spanning from 2016 to 2023.
Frequently Asked Questions about Milford Holland Rescue Squad Inc
Is Milford Holland Rescue Squad Inc a legitimate charity?
Milford Holland Rescue Squad Inc (EIN: 222271712) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $583K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Milford Holland Rescue Squad Inc spend its money?
Milford Holland Rescue Squad Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Milford Holland Rescue Squad Inc tax-deductible?
Milford Holland Rescue Squad Inc is registered as a tax-exempt nonprofit (EIN: 222271712). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Milford Holland Rescue Squad Inc's spending goes to programs?
Milford Holland Rescue Squad Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Milford Holland Rescue Squad Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Milford Holland Rescue Squad Inc is above average for NTEE category E620 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Milford Holland Rescue Squad Inc located?
Milford Holland Rescue Squad Inc is headquartered in Milford, New Jersey and files with the IRS under EIN 222271712. It is classified under NTEE code E620.
How many years of IRS 990 filings does Milford Holland Rescue Squad Inc have?
Milford Holland Rescue Squad Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $583K in total revenue.
What does Milford Holland Rescue Squad Inc do?
Milford Holland Rescue Squad Inc is a nonprofit organization in the Health Care sector, located in Milford, New Jersey. It is classified under NTEE code E620.
How much revenue does Milford Holland Rescue Squad Inc have?
Milford Holland Rescue Squad Inc reported total revenue of $582,757. Based on 13 IRS 990 filings on record.
What are Milford Holland Rescue Squad Inc's total assets?
Milford Holland Rescue Squad Inc holds total assets of $138,670 as reported in IRS 990 filings.
Where is Milford Holland Rescue Squad Inc located?
Milford Holland Rescue Squad Inc is based in Milford, New Jersey.
What is Milford Holland Rescue Squad Inc's EIN?
Milford Holland Rescue Squad Inc's Employer Identification Number (EIN) is 222271712. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Milford Holland Rescue Squad Inc?
Milford Holland Rescue Squad Inc is classified under NTEE code E620 (Health Care).
Is Milford Holland Rescue Squad Inc a registered 501(c)(3)?
Yes, Milford Holland Rescue Squad Inc is recognized as a tax-exempt organization by the IRS. EIN: 222271712.
Does Milford Holland Rescue Squad Inc file IRS Form 990?
Yes, Milford Holland Rescue Squad Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Milford Holland Rescue Squad Inc's revenue in 2023?
In the 202312 filing period, Milford Holland Rescue Squad Inc reported total revenue of $500,496, total expenses of $577,789, and net assets of $132,639.
Is Milford Holland Rescue Squad Inc's revenue growing or declining?
Milford Holland Rescue Squad Inc's revenue is declining. Revenue went from $604,967 (202212) to $500,496 (202312), a -17.3% change. Based on 13 filings on record.
What is Milford Holland Rescue Squad Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Milford Holland Rescue Squad Inc covers tax period 202312. It shows revenue of $500,496, expenses of $577,789, total assets of $132,639, and liabilities of N/A.
How much does Milford Holland Rescue Squad Inc spend on programs vs administration?
Based on IRS 990 analysis, Milford Holland Rescue Squad Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Milford Holland Rescue Squad Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Milford Holland Rescue Squad Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Milford Holland Rescue Squad Inc?
The following concerns were identified: Significant and consistent decline in total revenue over the past three years, from $866,812 in 2021 to $500,496 in 2023.. Steady decrease in total assets, indicating potential financial instability or asset depletion.. Expenses frequently exceed revenue, as seen in 2023 ($577,789 expenses vs. $500,496 revenue) and 2022 ($609,937 expenses vs. $604,967 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Milford Holland Rescue Squad Inc's strengths?
Positive indicators for Milford Holland Rescue Squad Inc include: Consistent reporting of 0% lobbying expenses, suggesting a focus on direct mission-related activities.. Long operational history indicated by data spanning from 2016 to 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Milford Holland Rescue Squad Inc compensate executives?
Executive compensation details are not explicitly provided in the available data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the consistent decline in revenue and assets, and what strategies are in place to reverse this trend?
The provided data does not specify the causes for the revenue and asset decline. Further investigation into fundraising strategies, community engagement, and operational changes would be necessary to understand and address these trends.
How does the organization manage to sustain operations with expenses frequently exceeding revenue, as observed in multiple years?
The consistent deficit between revenue and expenses suggests the organization may be drawing from reserves or experiencing operational challenges. A detailed look into their balance sheet and cash flow statements would be needed to understand their financial resilience.
Filing History
IRS 990 filing history for Milford Holland Rescue Squad Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Milford Holland Rescue Squad Inc's revenue has grown by 46.2%, moving from $342K to $500K. Total assets decreased by 36.9% over the same period, from $210K to $133K. Total functional expenses rose by 58.2%, from $365K to $578K. In its most recent filing year (2023), Milford Holland Rescue Squad Inc reported a deficit of $77K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $500K | $578K | $133K | $0 | — | — |
| 2022 | $605K | $610K | $187K | $0 | — | View 990 |
| 2021 | $867K | $809K | $252K | $0 | — | View 990 |
| 2020 | $436K | $529K | $261K | $0 | — | View 990 |
| 2019 | $522K | $602K | $317K | $0 | — | View 990 |
| 2018 | $234K | $542K | $200K | $0 | — | View 990 |
| 2017 | $688K | $474K | $507K | $0 | — | View 990 |
| 2016 | $188K | $185K | $251K | $0 | — | View 990 |
| 2015 | $403K | $415K | $258K | $0 | — | View 990 |
| 2014 | $367K | $361K | $249K | $0 | — | View 990 |
| 2013 | $509K | $438K | $242K | $14K | — | View 990 |
| 2012 | $263K | $328K | $173K | $16K | — | View 990 |
| 2011 | $342K | $365K | $210K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $500K, expenses of $578K, and assets of $133K (revenue -17.3% year-over-year).
- 2022: Revenue of $605K, expenses of $610K, and assets of $187K (revenue -30.2% year-over-year).
- 2021: Revenue of $867K, expenses of $809K, and assets of $252K (revenue +98.8% year-over-year).
- 2020: Revenue of $436K, expenses of $529K, and assets of $261K (revenue -16.5% year-over-year).
- 2019: Revenue of $522K, expenses of $602K, and assets of $317K (revenue +122.7% year-over-year).
- 2018: Revenue of $234K, expenses of $542K, and assets of $200K (revenue -65.9% year-over-year).
- 2017: Revenue of $688K, expenses of $474K, and assets of $507K (revenue +266.0% year-over-year).
- 2016: Revenue of $188K, expenses of $185K, and assets of $251K (revenue -53.4% year-over-year).
- 2015: Revenue of $403K, expenses of $415K, and assets of $258K (revenue +9.7% year-over-year).
- 2014: Revenue of $367K, expenses of $361K, and assets of $249K (revenue -27.9% year-over-year).
- 2013: Revenue of $509K, expenses of $438K, and assets of $242K (revenue +93.9% year-over-year).
- 2012: Revenue of $263K, expenses of $328K, and assets of $173K (revenue -23.3% year-over-year).
- 2011: Revenue of $342K, expenses of $365K, and assets of $210K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Milford Holland Rescue Squad Inc:
Data Sources and Methodology
This transparency report for Milford Holland Rescue Squad Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.