BERKELEY HEIGHTS RESCUE SQUAD INC (EIN 226060353) - 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

1942

Legal Domicile

Principal Officer

Peter Glen

Phone

2014848607

Tax Period

2024-01-01 to 2024-12-31

BERKELEY HEIGHTS RESCUE SQUAD INC, founded in 1942, is a small nonprofit in the Health Care sector that reported $238K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63K, a strong 27% operating margin.

Mission

TO PROVIDE FIRST AID AND AMBULATORY SERVICES TO BERKELEY HEIGHTS AND NEIGHBORING COMMUNITIES

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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 $223,791

Program Service Revenue $0

Investment Income $13,915

Other Revenue $0

TOTAL REVENUE $237,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,693

Other Expenses $174,693

TOTAL EXPENSES $174,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$237,706	$164,998	+0.4%
Expenses	$174,693	$180,908	0.0%
Net Income	$63,013	$-15,910	-5.0%

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
CHARLES KLEINBERG	PRESIDENT	5.00	Officer	$0	$0	$0
SHARON RUBENSTEIN	VICE PRESIDENT	5.00	Officer	$0	$0	$0
PETER GLEN	TREASURER	5.00	Officer	$0	$0	$0
JANE BROWN	RECORDING SECRETARY	5.00	Officer	$0	$0	$0
STEVE KIRSCH	CORRESPONDING SECRETARY	5.00	Officer	$0	$0	$0
ALLIE DEEGAN	CHIEF	5.00	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	$237,706	$174,693	$906,741	$63,013
2023	$164,998	$180,908	$786,691	$-15,910
2022	$174,703	$175,034	$752,352	$-331
2021	$372,944	$180,764	$765,022	$192,180
2020	$224,546	$213,435	$558,696	$11,111
2019	$145,565	$169,394	$535,319	$-23,829
2018	$138,187	$138,844	$551,153	$-657

BERKELEY HEIGHTS RESCUE SQUAD INC