Is Selma Volunteer Fire Dept Legit?

The Selma Volunteer Fire Dept demonstrates consistent financial stability with a healthy asset base relative to its annual revenue. Over the past five years, assets have steadily grown from $249,240 in 2019 to $260,814 in 2023, indicating responsible financial management and accumulation of resources for its mission. The organization consistently spends less than it takes in, as evidenced by 2023 revenue of $21,596 against expenses of $14,302, allowing for asset growth. Its liabilities have remained stable at $19,800 for several years, suggesting predictable and manageable financial obligations. The absence of officer compensation further indicates that resources are directly applied to operational costs rather than executive salaries, enhancing its financial efficiency and public trust. Given its status as a volunteer fire department, the primary expenses are likely operational, such as equipment maintenance, fuel, and training. The consistent positive net income each year contributes to its long-term sustainability and ability to serve the community. The organization's financial health appears robust for its size and mission, with a clear focus on maintaining its operational capacity without significant financial strain. The consistent filing of IRS 990 forms over 13 periods also demonstrates a commitment to transparency.