PRINCETON FIRST AID AND RESCUE SQUAD (EIN 237140015) - 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

1939

Legal Domicile

Principal Officer

MARK FREDA

Phone

6099243338

Tax Period

2024-01-01 to 2024-12-31

PRINCETON FIRST AID AND RESCUE SQUAD, founded in 1939, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $2.7M exceeded revenue, resulting in a 44% operating deficit.

Mission

INDEPENDENT NONPROFIT DELIVERING SKILLED & CARING EMERGENCY MEDICAL & RESCUE SERVICES FOR 80+ YEARS.

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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 $572,441

Program Service Revenue $1,206,281

Investment Income $81,336

Other Revenue $5,395

TOTAL REVENUE $1,865,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,479,549

Fundraising Expenses $159,457

Program Expenses $2,181,381

Other Expenses $1,206,624

TOTAL EXPENSES $2,686,173

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,865,453	$2,318,417	-0.2%
Expenses	$2,686,173	$2,367,222	+0.1%
Net Income	$-820,720	$-48,805	+15.8%

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

Volunteers

114

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

$91,438

Total Directors

$91,438

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FREDA	PRESIDENT	20.00	Officer Director	$84,847	$6,591	$91,438
KATHERINE BENESCH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN GRIFFITH III	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA SWORD	TRUSTEE	1.00	Director	$0	$0	$0
SIMON PANKOVE	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
ANISH SHETH	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER S TARR	TRUSTEE CHAIR	1.00	Director	$0	$0	$0
MATT STIFF	CHIEF	40.00	Highest	$111,767	$9,508	$121,275

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
2025	No data	No data	No data	No data
2024	$1,865,453	$2,686,173	$14,090,321	$-820,720
2023	$2,318,417	$2,367,222	$14,615,875	$-48,805
2022	$2,582,951	$2,245,494	$14,356,052	$337,457
2021	$2,011,463	$2,085,859	$13,849,591	$-74,396
2020	$1,895,491	$2,152,410	$13,693,338	$-256,919
2019	$3,693,151	$1,905,811	$14,112,095	$1,787,340
2018	$2,838,534	$1,840,338	$11,465,843	$998,196

PRINCETON FIRST AID AND RESCUE SQUAD