PRINCETON FIRST AID AND RESCUE SQUAD

EIN: 237140015 501(c)(3) Health Care

PRINCETON, NJ

Total Revenue
$1,865,453
Total Expenses
$2,686,173
Total Assets
$14,090,321
Net Assets
$13,332,177
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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
NJ
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

OUR MISSION IS TO SAVE LIVES, RELIEVE THE SUFFERING OF THE SICK AND INJURED, AND PROMOTE SAFETY.

Program Service Accomplishments

Program 1
Expenses: $2,181,381 Revenue: $1,206,281

PROVIDE EMERGENCY MEDICAL AND TECHNICAL RESCUE SERVICES TO 30,000+ PRINCETON RESIDENTS, STUDENTS, AND VISITORS, AS WELL AS MUTUAL AID TO SURROUNDING COMMUNITIES. ON AVERAGE, WE RESPOND TO...

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PROVIDE EMERGENCY MEDICAL AND TECHNICAL RESCUE SERVICES TO 30,000+ PRINCETON RESIDENTS, STUDENTS, AND VISITORS, AS WELL AS MUTUAL AID TO SURROUNDING COMMUNITIES. ON AVERAGE, WE RESPOND TO APPROXIMATELY 3,000 CALLS PER YEAR IN AN AVERAGE TIME OF SIX MINUTES.

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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%)

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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

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Governance

Voting Members
8
Independent Members
7
Employees
35
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
1
$91,438
Total Directors
8
$91,438
Key Employees
0
$0
Highest Compensated
1
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
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