Is Empire Hose Company No 1 Of Piermont New York Inc Legit?

Empire Hose Company No 1 Of Piermont New York Inc appears to be a small, community-focused organization with a consistent financial history. Over the past decade, its annual revenue has typically ranged from approximately $96,000 to $194,000, with expenses generally in a similar range. For instance, in 2023, the organization reported revenue of $97,452 against expenses of $131,445, indicating a deficit for that year. This pattern of fluctuating small surpluses and deficits is common for volunteer-driven entities. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds directly for its mission, rather than administrative overhead related to salaries. Its asset base has remained relatively stable, hovering around $700,000 to $800,000, with liabilities typically under $150,000. This suggests a healthy balance sheet for an organization of its size. The latest reported assets of $713,542 in 2023, against liabilities of $81,979, show a solid equity position. The consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency, providing a clear public record of its financial activities. The absence of officer compensation further enhances its transparency and public trust. Given the nature of a volunteer fire company, most expenses are likely directly tied to operational costs, equipment, and facilities, which are inherently programmatic. The consistent financial reporting and volunteer leadership suggest a well-managed and fiscally responsible organization, albeit one operating with modest financial inflows and outflows.