Quick charity verification for Goodwater Fire Department Incorporated (EIN: 205399638)
Verdict: Goodwater Fire Department Incorporated appears trustworthy
85/100Mission Score
$250KRevenue
$250KAssets
1Red Flags
4Strengths
Red Flags
Fluctuating expense-to-revenue ratio in prior years (e.g., expenses exceeding revenue in 2021)
Strengths
Consistent 0% officer compensation across all filings
Significant asset growth from $64,762 in 2021 to $326,905 in 2023
Mission-aligned NTEE code (M24 - Fire Prevention & Control)
Latest filing (2023) shows revenue matching expenses, indicating sound budgeting for the period
Spending Breakdown
How Goodwater Fire Department Incorporated allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Goodwater Fire Department Incorporated
Is Goodwater Fire Department Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Goodwater Fire Department Incorporated (EIN: 205399638) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Goodwater Fire Department Incorporated a good charity to donate to?
Goodwater Fire Department Incorporated has a Mission Score of 85/100. Revenue: $250K. Assets: $250K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Goodwater Fire Department Incorporated?
The Employer Identification Number (EIN) for Goodwater Fire Department Incorporated is 205399638. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Goodwater Fire Department Incorporated spend its money?
Goodwater Fire Department Incorporated allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Goodwater Fire Department Incorporated's tax-exempt status?
You can verify Goodwater Fire Department Incorporated's tax-exempt status using EIN 205399638 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Goodwater Fire Department Incorporated demonstrates a fluctuating financial picture over the past three years. While the latest filing (2023) shows revenue and expenses perfectly balanced at $326,905, suggesting a break-even year, the prior year (2022) had significantly lower expenses ($104,913) compared to revenue ($199,049), leading to an increase in assets. Conversely, 2021 saw expenses ($246,519) exceed revenue ($211,281). The organization's assets have grown from $64,762 in 2021 to $326,905 in 2023, indicating an overall positive trend in financial accumulation. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership, which is a positive indicator for donor confidence and efficient use of funds. The NTEE code M24 (Fire Prevention & Control) aligns well with the organization's name and implied mission.