Consistent revenue growth, from $2,775,169 in 2019 to $3,755,385 in 2023.
Steady asset accumulation, reaching $6,482,531 in 2023.
Consistent operational surpluses, with revenue generally exceeding expenses (e.g., $3,755,385 revenue vs. $3,645,019 expenses in 2023).
No reported officer compensation, indicating a volunteer-driven leadership and efficient use of funds.
Relatively low liabilities compared to assets, suggesting strong financial solvency.
Spending Breakdown
How Vigilant Engine & Hook & Ladder Co Inc 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 Vigilant Engine & Hook & Ladder Co Inc
Is Vigilant Engine & Hook & Ladder Co Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vigilant Engine & Hook & Ladder Co Inc (EIN: 111441443) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Vigilant Engine & Hook & Ladder Co Inc a good charity to donate to?
Vigilant Engine & Hook & Ladder Co Inc has a Mission Score of 92/100. Revenue: $4.3M. Assets: $6.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Vigilant Engine & Hook & Ladder Co Inc?
The Employer Identification Number (EIN) for Vigilant Engine & Hook & Ladder Co Inc is 111441443. 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 Vigilant Engine & Hook & Ladder Co Inc spend its money?
Vigilant Engine & Hook & Ladder Co Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Vigilant Engine & Hook & Ladder Co Inc's tax-exempt status?
You can verify Vigilant Engine & Hook & Ladder Co Inc's tax-exempt status using EIN 111441443 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
Vigilant Engine & Hook & Ladder Co Inc demonstrates consistent financial stability and growth over the past decade. The organization has shown a steady increase in both revenue and assets, with the latest reported revenue at $3,755,385 and assets at $6,482,531 for the 202312 period. Expenses have generally remained below revenue, indicating sound financial management and an ability to build reserves. For instance, in 202312, expenses were $3,645,019 against $3,755,385 in revenue, resulting in a surplus. The organization's liabilities have fluctuated but remain a relatively small portion of total assets, suggesting a healthy balance sheet.
The organization's NTEE code M24 (Volunteer Firefighters & Related Organizations) suggests a strong program focus on public safety. While specific program spending percentages are not detailed in the provided data, the consistent operational surpluses imply that core activities are well-funded. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership, which is a significant positive for spending efficiency and donor confidence. This structure inherently reduces administrative overhead related to executive salaries.
Overall, Vigilant Engine & Hook & Ladder Co Inc appears to be a financially healthy and efficiently run organization. Its consistent growth, prudent management of expenses relative to revenue, and volunteer leadership contribute to a positive assessment of its financial health and transparency. The organization's ability to maintain a strong asset base while consistently covering its operational costs reflects a sustainable model for its mission.