NEW PALTZ RESCUE SQUAD INC

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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

1973

Legal Domicile

Principal Officer

JEFF SALT

Phone

8452551719

Tax Period

2024-01-01 to 2024-12-31

NEW PALTZ RESCUE SQUAD INC, founded in 1973, is a community nonprofit in the Health Care sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $3.2M left a modest 7% surplus.

Mission

TO PROVIDE HIGH QUALITY MUTUAL AID, EMERGENCY CARE, AND TREATMENT TO THE TOWN AND VILLAGE OF NEW PALTZ, NEW YORK AND SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,758,513 Revenue: $3,353,942

NEW PALTZ RESCUE SQUAD RESPONDS TO EMERGENCY CALLS IN THE TOWN AND VILLAGE OF NEW PALTZ, NEW YORK AND PROVIDES MUTUAL AID TO SURROUNDING 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 $110,623

Program Service Revenue $3,353,942

Investment Income $11,464

Other Revenue $4,014

TOTAL REVENUE $3,480,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,411,111

Fundraising Expenses $0

Program Expenses $2,758,513

Other Expenses $821,708

TOTAL EXPENSES $3,232,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,480,043	$2,008,821	+0.7%
Expenses	$3,232,819	$1,876,141	+0.7%
Net Income	$247,224	$132,680	+0.9%

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

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

$352,764

Total Directors

$160,477

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF SALT	PRESIDENT	0.50	Officer Director	$0	$0	$0
TED REISS	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
CHERYL ELSINGER	RECORDING SE	0.50	Officer Director	$0	$0	$0
ROSE RUDNITSKI	TREASURER	0.50	Officer Director	$0	$0	$0
KEVIN CASKEY	DIRECTOR	0.50	Director	$0	$0	$0
LE LARDIERE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES MARTIN	DIRECTOR	0.50	Director	$0	$0	$0
BOB ELSINGER	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW GOODNOW	CHIEF/EXEC D	48.00	Officer Director	$124,033	$36,444	$160,477
RICHARD MCNAMEE	ASSISTANT CH	40.00	Officer	$84,351	$17,299	$101,650
MEGHAN GOODNOW	BUSINESS ADM	48.00	Officer	$90,637	$0	$90,637

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	$3,480,043	$3,232,819	$1,609,475	$247,224
2023	$2,008,821	$1,876,141	$957,040	$132,680
2022	$1,424,606	$1,605,866	$685,382	$-181,260
2021	$1,510,061	$1,712,336	$878,740	$-202,275
2020	$1,316,796	$1,429,027	$992,812	$-112,231
2019	$1,122,227	$1,447,592	$1,109,160	$-325,365
2018	$1,084,211	$1,327,673	$1,432,700	$-243,462