Scotch Plains Rescue Squad Inc

Scotch Plains Rescue Squad Inc consistently operates at a deficit but maintains strong assets and zero liabilities.

EIN: 208027814 · Scotch Plains, NJ · NTEE: M23 · Updated: 2026-03-28

$255KRevenue

$1.4MAssets

80/100Mission Score (Excellent)

M23

About Scotch Plains Rescue Squad Inc

Scotch Plains Rescue Squad Inc (EIN: 208027814) is a nonprofit organization based in Scotch Plains, NJ, classified under NTEE code M23. The organization reported total revenue of $255K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scotch Plains Rescue Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Scotch Plains Rescue Squad Inc demonstrates a consistent operational presence, providing emergency services as indicated by its NTEE code (M23). Financially, the organization shows a pattern of expenses often exceeding revenue, particularly in recent years. For instance, in 2023, expenses were $201,512 against revenues of $90,494, and in 2020, expenses were $263,806 against revenues of $195,921. Despite these operational deficits, the organization maintains a healthy asset base, with assets consistently over $1 million, reaching $1,448,639 in the latest filing. This suggests a reliance on accumulated reserves or non-operating income to sustain operations.

The organization's transparency is strong regarding executive compensation, reporting 0% officer compensation across all available filings. This indicates that the leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is a positive sign for donor confidence. However, without a detailed breakdown of expenses beyond total expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The consistent lack of liabilities ($0 across all filings) is a significant strength, indicating sound financial management and no reliance on debt.

Overall, while the Scotch Plains Rescue Squad Inc faces recurring operational deficits, its strong asset base and complete absence of liabilities provide a stable financial foundation. The transparency in executive compensation is commendable, though more detailed expense breakdowns would further enhance financial clarity and allow for a more precise assessment of spending efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Scotch Plains Rescue Squad Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Scotch Plains Rescue Squad Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all filings, indicating that officers are likely volunteers or compensated through non-officer means, which is highly favorable for a nonprofit of this size with latest revenue of $254,843.

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 Scotch Plains Rescue Squad Inc's IRS 990 filings:

Consistent operational deficits where expenses frequently exceed revenue (e.g., 2023: $201,512 expenses vs. $90,494 revenue), which could indicate reliance on reserves or unsustainable funding models if not addressed.

Strengths

The following positive indicators were identified for Scotch Plains Rescue Squad Inc:

Strong asset base, consistently over $1 million, providing financial stability ($1,448,639 in latest filing).
Zero liabilities reported across all filings, indicating excellent debt management and financial health.
0% officer compensation reported, demonstrating a commitment to volunteer leadership and efficient use of funds.
Consistent filing history (13 filings) indicates good compliance and transparency with IRS reporting requirements.

Frequently Asked Questions about Scotch Plains Rescue Squad Inc

Is Scotch Plains Rescue Squad Inc a good charity?

Based on the available data, the organization demonstrates strong financial stability with substantial assets ($1,448,639) and zero liabilities, and excellent transparency regarding executive compensation (0%). While it frequently operates with expenses exceeding revenue, its ability to maintain operations and asset levels suggests effective management of its resources, likely through accumulated reserves. The NTEE code M23 indicates a focus on emergency services, which is a direct community benefit.

How does the organization cover its operational deficits?

The organization consistently reports expenses exceeding revenue in many periods (e.g., 2023: $201,512 expenses vs. $90,494 revenue; 2020: $263,806 expenses vs. $195,921 revenue). This suggests that operational deficits are likely covered by drawing from its significant accumulated assets, which consistently exceed $1 million, or through non-operating income not reflected in the 'Revenue' line item.

What is the trend in the organization's assets?

The organization's assets have shown a general upward trend over the past decade, increasing from $1,170,746 in 2014 to $1,448,639 in the latest period, with a peak of $1,764,617 in 2022. This indicates a healthy accumulation and retention of financial resources.

Filing History

IRS 990 filing history for Scotch Plains Rescue Squad Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Scotch Plains Rescue Squad Inc's revenue has declined by 46%, moving from $168K to $90K. Total assets increased by 23.9% over the same period, from $1.2M to $1.5M. Total functional expenses rose by 2.7%, from $196K to $202K. In its most recent filing year (2023), Scotch Plains Rescue Squad Inc reported a deficit of $111K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$90K	$202K	$1.5M	$0	—	—
2022	$254K	$210K	$1.8M	$0	—	View 990
2021	$133K	$229K	$1.5M	$0	—	View 990
2020	$196K	$264K	$1.4M	$0	—	—
2019	$215K	$250K	$1.3M	$0	—	View 990
2018	$189K	$242K	$1.1M	$0	—	View 990
2017	$225K	$177K	$1.3M	$0	—	View 990
2016	$219K	$209K	$1.2M	$0	—	View 990
2015	$189K	$187K	$1.1M	$0	—	View 990
2014	$178K	$210K	$1.2M	$0	—	View 990
2013	$151K	$193K	$1.2M	$0	—	View 990
2012	$225K	$236K	$1.2M	$0	—	View 990
2011	$168K	$196K	$1.2M	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $90K, expenses of $202K, and assets of $1.5M (revenue -64.3% year-over-year).
2022: Revenue of $254K, expenses of $210K, and assets of $1.8M (revenue +90.3% year-over-year).
2021: Revenue of $133K, expenses of $229K, and assets of $1.5M (revenue -31.9% year-over-year).
2020: Revenue of $196K, expenses of $264K, and assets of $1.4M (revenue -8.7% year-over-year).
2019: Revenue of $215K, expenses of $250K, and assets of $1.3M (revenue +13.6% year-over-year).
2018: Revenue of $189K, expenses of $242K, and assets of $1.1M (revenue -15.9% year-over-year).
2017: Revenue of $225K, expenses of $177K, and assets of $1.3M (revenue +2.4% year-over-year).
2016: Revenue of $219K, expenses of $209K, and assets of $1.2M (revenue +15.7% year-over-year).
2015: Revenue of $189K, expenses of $187K, and assets of $1.1M (revenue +6.6% year-over-year).
2014: Revenue of $178K, expenses of $210K, and assets of $1.2M (revenue +17.8% year-over-year).
2013: Revenue of $151K, expenses of $193K, and assets of $1.2M (revenue -32.9% year-over-year).
2012: Revenue of $225K, expenses of $236K, and assets of $1.2M (revenue +34.1% year-over-year).
2011: Revenue of $168K, expenses of $196K, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Scotch Plains 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.