Quick charity verification for Hollis Firemens Association (EIN: 20370433)
Verdict: Hollis Firemens Association appears trustworthy
85/100Mission Score
$41KRevenue
$64KAssets
1Red Flags
4Strengths
Red Flags
Expenses exceeded revenue in the most recent filing (202403), indicating a deficit for that period.
Strengths
Consistently reports zero liabilities across all filings, indicating strong financial solvency.
Consistently reports 0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
Maintains a healthy asset base relative to its annual revenue, despite fluctuations.
Long filing history (6 filings) suggests consistent operation and compliance.
Spending Breakdown
How Hollis Firemens Association allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Hollis Firemens Association
Is Hollis Firemens Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Hollis Firemens Association (EIN: 20370433) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Hollis Firemens Association a good charity to donate to?
Hollis Firemens Association has a Mission Score of 85/100. Revenue: $41K. Assets: $64K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hollis Firemens Association?
The Employer Identification Number (EIN) for Hollis Firemens Association is 20370433. 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 Hollis Firemens Association spend its money?
Hollis Firemens Association allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hollis Firemens Association's tax-exempt status?
You can verify Hollis Firemens Association's tax-exempt status using EIN 20370433 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 Hollis Firemens Association demonstrates consistent financial activity, with revenues fluctuating between $26,657 and $76,618 over the past six filings. The organization's assets have varied significantly, from a low of $37,428 in 2022 to a high of $97,838 in 2014, indicating some volatility in its financial position. Notably, the association consistently reports zero liabilities and zero officer compensation across all available filings, which are strong indicators of financial stability and a volunteer-driven operational model. However, the most recent filing (202403) shows expenses ($52,314) exceeding revenue ($39,288), resulting in a deficit for that period, which warrants monitoring. The lack of detailed expense breakdowns in the provided data limits a deeper analysis of spending efficiency, but the absence of officer compensation suggests a lean administrative structure.