Is Wood County Firefighters Association Inc Legit?
Quick charity verification for Wood County Firefighters Association Inc (EIN: 20703955)
Verdict: Wood County Firefighters Association Inc appears trustworthy
85/100Mission Score
$29KRevenue
$406KAssets
2Red Flags
3Strengths
Red Flags
High liabilities relative to assets in multiple periods (e.g., 202112: Liabilities $437,251 vs. Assets $436,848)
Significant year-over-year revenue and expense volatility, making financial planning and predictability challenging.
Strengths
Consistent 0% officer compensation across all filings, indicating strong volunteer leadership and efficient use of funds.
Significant increase in program activity and financial scale in 2023, suggesting growth and impact.
Maintains a substantial asset base, despite fluctuations, providing some financial foundation.
Spending Breakdown
How Wood County Firefighters Association 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 Wood County Firefighters Association Inc
Is Wood County Firefighters Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wood County Firefighters Association Inc (EIN: 20703955) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Wood County Firefighters Association Inc a good charity to donate to?
Wood County Firefighters Association Inc has a Mission Score of 85/100. Revenue: $29K. Assets: $406K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Wood County Firefighters Association Inc?
The Employer Identification Number (EIN) for Wood County Firefighters Association Inc is 20703955. 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 Wood County Firefighters Association Inc spend its money?
Wood County Firefighters Association Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Wood County Firefighters Association Inc's tax-exempt status?
You can verify Wood County Firefighters Association Inc's tax-exempt status using EIN 20703955 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 Wood County Firefighters Association Inc. demonstrates fluctuating financial activity, with a notable surge in revenue and expenses in the 202312 period, reaching $414,400 in revenue and $396,600 in expenses, significantly higher than previous years where revenue typically ranged from $30,000 to $78,000. Despite this variability, the organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-driven leadership structure which is a positive sign for donor confidence and efficient use of funds. The organization's assets have seen a gradual decline from $606,848 in 2018 to $427,778 in 2023, while liabilities have remained substantial, often close to or exceeding total assets in some periods (e.g., 202112 with $436,848 assets and $437,251 liabilities). This suggests a reliance on debt or restricted funds, which warrants closer examination. The significant increase in financial activity in 2023, coupled with a relatively stable asset base, suggests a potential for growth or a specific large project undertaken in that year. The consistent reporting of 0% officer compensation is a strong indicator of transparency and dedication to mission over personal gain.