Bancs Volunteer Fire Department Inc
EIN: 550698889 · New Milton, WV · NTEE: M24
| Metric | Value |
|---|---|
| Total Expenses | $65K |
| Net Assets | $10K |
Is Bancs Volunteer Fire Department Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bancs Volunteer Fire Department Inc
Bancs Volunteer Fire Department Inc (EIN: 550698889) is a nonprofit organization based in New Milton, WV, classified under NTEE code M24. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bancs Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bancs Volunteer Fire Department Inc is a micro nonprofit that has been operating for 14 years, with 2 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $57K |
| Total Expenses | $65K |
| Surplus / Deficit | $-8,128 |
| Total Assets | $102K |
| Total Liabilities | $92K |
| Net Assets | $10K |
| Operating Margin | -14.4% |
| Debt-to-Asset Ratio | 90.1% |
| Months of Reserves | 19.0 months |
Financial Health Grade: C
In 2013, Bancs Volunteer Fire Department Inc reported a deficit of $8K with expenses exceeding revenue, holds 19.0 months of operating reserves (strong position), has a debt-to-asset ratio of 90.1% (high leverage).
Financial Trends
Over 2 years of filings (2011–2013), Bancs Volunteer Fire Department Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -0.8% | +37.2% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bancs Volunteer Fire Department Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bancs Volunteer Fire Department Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.1%.
Frequently Asked Questions about Bancs Volunteer Fire Department Inc
Is Bancs Volunteer Fire Department Inc a legitimate charity?
Bancs Volunteer Fire Department Inc (EIN: 550698889) is a registered tax-exempt nonprofit based in West Virginia. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: C.
How does Bancs Volunteer Fire Department Inc spend its money?
Bancs Volunteer Fire Department Inc reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bancs Volunteer Fire Department Inc tax-deductible?
Bancs Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 550698889). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bancs Volunteer Fire Department Inc located?
Bancs Volunteer Fire Department Inc is headquartered in New Milton, West Virginia and files with the IRS under EIN 550698889. It is classified under NTEE code M24.
How many years of IRS 990 filings does Bancs Volunteer Fire Department Inc have?
Bancs Volunteer Fire Department Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Bancs Volunteer Fire Department Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2013), Bancs Volunteer Fire Department Inc's revenue has declined by 0.8%, moving from $57K to $57K. Total assets increased by 5.1% over the same period, from $97K to $102K. Total functional expenses rose by 37.2%, from $47K to $65K. In its most recent filing year (2013), Bancs Volunteer Fire Department Inc reported a deficit of $8K, with expenses exceeding revenue. The organization holds $92K in liabilities against $102K in assets (debt-to-asset ratio: 90.1%), resulting in net assets of $10K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $57K | $65K | $102K | $92K | — | View 990 |
| 2011 | $57K | $47K | $97K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bancs Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Bancs Volunteer Fire Department Inc 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.