PEAPACK GLADSTONE FIRST AID RESCUE SQUAD (EIN 226047848) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

THOMAS SCANLON

Phone

9082340253

Tax Period

2024-01-01 to 2024-12-31

PEAPACK GLADSTONE FIRST AID RESCUE SQUAD, founded in 1990, is a small nonprofit in the Health Care sector that reported $149K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $165K exceeded revenue, resulting in a 11% operating deficit.

Mission

VOLUNTEER FIRST AID & RESCUE SQUAD

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $113,930

Program Service Revenue $3,536

Investment Income $10,617

Other Revenue $20,422

TOTAL REVENUE $148,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,298

Program Expenses $155,825

Other Expenses $165,491

TOTAL EXPENSES $165,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,505	$163,184	-0.1%
Expenses	$165,491	$172,456	0.0%
Net Income	$-16,986	$-9,272	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HECK	TREASURER	4.00	Officer	$0	$0	$0
THOMAS SCANLON	PRESIDENT	4.00	Officer	$0	$0	$0
VALERIE ZOLLER	SECRETARY	4.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$148,505	$165,491	$964,076	$-16,986
2023	$163,184	$172,456	$981,062	$-9,272
2022	$149,574	$154,323	$990,333	$-4,749
2021	$188,647	$120,780	$995,082	$67,867
2020	$58,622	$119,595	$926,015	$-60,973
2019	$136,146	$142,047	$986,988	$-5,901
2018	$163,124	$150,046	$999,657	$13,078

PEAPACK GLADSTONE FIRST AID RESCUE SQUAD