Atlantic Firemans Education Association
Atlantic Firemans Education Association consistently grows assets and operates without officer compensation.
EIN: 16018670 · Cape Porpoise, ME · NTEE: S80Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $84K |
| Total Expenses | $49K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $310K |
| Transparency Score | 92/100 |
Is Atlantic Firemans Education Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Atlantic Firemans Education Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Atlantic Firemans Education Association
Atlantic Firemans Education Association (EIN: 16018670) is a nonprofit organization based in Cape Porpoise, ME, classified under NTEE code S80Z. The organization reported total revenue of $84K and total assets of $341K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantic Firemans Education Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlantic Firemans Education Association is a micro nonprofit that has been operating for 68 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $49K |
| Surplus / Deficit | +$13K |
| Total Assets | $310K |
| Total Liabilities | $197 |
| Net Assets | $310K |
| Operating Margin | 21.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 76.5 months |
Financial Health Grade: A
In 2023, Atlantic Firemans Education Association reported a surplus of $13K with revenue exceeding expenses, holds 76.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Atlantic Firemans Education Association's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.2% | +8.7% | +4.5% |
| 2022 | -44.2% | -10.5% | +5.0% |
| 2021 | +59.2% | +71.5% | +18.0% |
| 2020 | +1.5% | -22.6% | +13.3% |
| 2019 | +13.8% | -17.7% | +8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1958 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Atlantic Firemans Education Association with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Atlantic Firemans Education Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $13K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for an organization of its size with assets growing to over $300,000.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Atlantic Firemans Education Association:
- Consistent asset growth (from $141,095 in 2014 to $309,933 in 2023)
- Consistently reports 0% officer compensation
- Maintains very low liabilities (e.g., $197 in 2023)
- Consistent positive net income/surplus (e.g., $13,279 in 2023)
- Regular and consistent IRS 990 filing history (13 filings)
Frequently Asked Questions about Atlantic Firemans Education Association
Is Atlantic Firemans Education Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Atlantic Firemans Education Association (EIN: 16018670) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Atlantic Firemans Education Association spend its money?
Atlantic Firemans Education Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Atlantic Firemans Education Association tax-deductible?
Atlantic Firemans Education Association is registered as a tax-exempt nonprofit (EIN: 16018670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Atlantic Firemans Education Association CEO make?
Atlantic Firemans Education Association's highest-compensated officer earns $300,000. annually. The organization reported $84K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Atlantic Firemans Education Association compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Atlantic Firemans Education Association is above average for NTEE category S80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Atlantic Firemans Education Association located?
Atlantic Firemans Education Association is headquartered in Cape Porpoise, Maine and files with the IRS under EIN 16018670. It is classified under NTEE code S80Z.
How many years of IRS 990 filings does Atlantic Firemans Education Association have?
Atlantic Firemans Education Association has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $84K in total revenue.
Is Atlantic Firemans Education Association a good charity?
Based on the provided data, the Atlantic Firemans Education Association appears to be a very good charity. It consistently grows its assets, maintains very low liabilities, and reports 0% officer compensation, indicating strong financial health and a focus on its mission.
How has the organization's financial health changed over the past decade?
The organization's financial health has significantly improved over the past decade, with assets more than doubling from $141,095 in 2014 to $309,933 in 2023, demonstrating consistent growth and stability.
What is the trend in the organization's revenue and expenses?
Revenue and expenses have generally shown an upward trend, with revenue consistently exceeding expenses, leading to annual surpluses. For example, in 2023, revenue was $61,903 against expenses of $48,624.
Filing History
IRS 990 filing history for Atlantic Firemans Education Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Atlantic Firemans Education Association's revenue has grown by 98.7%, moving from $31K to $62K. Total assets increased by 135% over the same period, from $132K to $310K. Total functional expenses rose by 71.2%, from $28K to $49K. In its most recent filing year (2023), Atlantic Firemans Education Association reported a surplus of $13K, with revenue exceeding expenses. The organization holds $197 in liabilities against $310K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $310K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $62K | $49K | $310K | $197 | — | View 990 |
| 2022 | $48K | $45K | $297K | $197 | — | View 990 |
| 2021 | $86K | $50K | $283K | $0 | — | — |
| 2020 | $54K | $29K | $239K | $3K | — | — |
| 2019 | $54K | $38K | $211K | $197 | — | View 990 |
| 2018 | $47K | $46K | $195K | $197 | — | View 990 |
| 2017 | $53K | $29K | $194K | $197 | — | View 990 |
| 2016 | $48K | $28K | $170K | $197 | — | View 990 |
| 2015 | $38K | $28K | $150K | $197 | — | View 990 |
| 2014 | $35K | $30K | $141K | $581 | — | View 990 |
| 2013 | $36K | $31K | $137K | $674 | — | View 990 |
| 2012 | $39K | $28K | $131K | $871 | — | View 990 |
| 2011 | $31K | $28K | $132K | $784 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $62K, expenses of $49K, and assets of $310K (revenue +28.2% year-over-year).
- 2022: Revenue of $48K, expenses of $45K, and assets of $297K (revenue -44.2% year-over-year).
- 2021: Revenue of $86K, expenses of $50K, and assets of $283K (revenue +59.2% year-over-year).
- 2020: Revenue of $54K, expenses of $29K, and assets of $239K (revenue +1.5% year-over-year).
- 2019: Revenue of $54K, expenses of $38K, and assets of $211K (revenue +13.8% year-over-year).
- 2018: Revenue of $47K, expenses of $46K, and assets of $195K (revenue -10.9% year-over-year).
- 2017: Revenue of $53K, expenses of $29K, and assets of $194K (revenue +10.7% year-over-year).
- 2016: Revenue of $48K, expenses of $28K, and assets of $170K (revenue +26.8% year-over-year).
- 2015: Revenue of $38K, expenses of $28K, and assets of $150K (revenue +8.9% year-over-year).
- 2014: Revenue of $35K, expenses of $30K, and assets of $141K (revenue -5.2% year-over-year).
- 2013: Revenue of $36K, expenses of $31K, and assets of $137K (revenue -7.0% year-over-year).
- 2012: Revenue of $39K, expenses of $28K, and assets of $131K (revenue +25.9% year-over-year).
- 2011: Revenue of $31K, expenses of $28K, and assets of $132K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlantic Firemans Education Association:
Data Sources and Methodology
This transparency report for Atlantic Firemans Education Association is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.