Boom Bay Volunteer Fire Co Ltd
EIN: 391359825 · Fremont, WI
| Metric | Value |
|---|---|
| Total Revenue | $187K |
| Total Expenses | $27K |
| Net Assets | $164K |
Is Boom Bay Volunteer Fire Co Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Boom Bay Volunteer Fire Co Ltd
Boom Bay Volunteer Fire Co Ltd (EIN: 391359825) is a nonprofit organization based in Fremont, WI. The organization reported total revenue of $187K and total assets of $523K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Boom Bay Volunteer Fire Co Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Boom Bay Volunteer Fire Co Ltd is a small nonprofit that has been operating for 51 years, with 7 years of IRS 990 filings on record (2016–2022). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $62K |
| Total Expenses | $27K |
| Surplus / Deficit | +$36K |
| Total Assets | $303K |
| Total Liabilities | $139K |
| Net Assets | $164K |
| Operating Margin | 56.9% |
| Debt-to-Asset Ratio | 45.8% |
| Months of Reserves | 135.1 months |
Financial Health Grade: A
In 2022, Boom Bay Volunteer Fire Co Ltd reported a surplus of $36K with revenue exceeding expenses, holds 135.1 months of operating reserves (strong position), has a debt-to-asset ratio of 45.8% (moderate leverage).
Financial Trends
Over 7 years of filings (2016–2022), Boom Bay Volunteer Fire Co Ltd's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +34.8% | -48.3% | +8.8% |
| 2021 | +28.7% | +74.0% | -1.2% |
| 2020 | -13.9% | -2.3% | -1.5% |
| 2019 | -21.2% | -22.6% | -7.9% |
| 2018 | +5.5% | -0.2% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1975 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Boom Bay Volunteer Fire Co Ltd 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 Boom Bay Volunteer Fire Co Ltd 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $36K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.8%.
Frequently Asked Questions about Boom Bay Volunteer Fire Co Ltd
Is Boom Bay Volunteer Fire Co Ltd a legitimate charity?
Boom Bay Volunteer Fire Co Ltd (EIN: 391359825) is a registered tax-exempt nonprofit based in Wisconsin. It has 7 years of IRS 990 filings on record. Total revenue: $187K. No red flags identified. Financial health grade: A.
How does Boom Bay Volunteer Fire Co Ltd spend its money?
Boom Bay Volunteer Fire Co Ltd reported $187K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Boom Bay Volunteer Fire Co Ltd tax-deductible?
Boom Bay Volunteer Fire Co Ltd is registered as a tax-exempt nonprofit (EIN: 391359825). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Boom Bay Volunteer Fire Co Ltd located?
Boom Bay Volunteer Fire Co Ltd is headquartered in Fremont, Wisconsin and files with the IRS under EIN 391359825.
How many years of IRS 990 filings does Boom Bay Volunteer Fire Co Ltd have?
Boom Bay Volunteer Fire Co Ltd has 7 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 $187K in total revenue.
Filing History
IRS 990 filing history for Boom Bay Volunteer Fire Co Ltd showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2016–2022), Boom Bay Volunteer Fire Co Ltd's revenue has grown by 50.9%, moving from $41K to $62K. Total assets decreased by 4.5% over the same period, from $317K to $303K. Total functional expenses fell by 25.6%, from $36K to $27K. In its most recent filing year (2022), Boom Bay Volunteer Fire Co Ltd reported a surplus of $36K, with revenue exceeding expenses. The organization holds $139K in liabilities against $303K in assets (debt-to-asset ratio: 45.8%), resulting in net assets of $164K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $62K | $27K | $303K | $139K | — | View 990 |
| 2021 | $46K | $52K | $278K | $150K | — | View 990 |
| 2020 | $36K | $30K | $282K | $161K | — | View 990 |
| 2019 | $42K | $31K | $286K | $171K | — | View 990 |
| 2018 | $53K | $40K | $310K | $181K | — | View 990 |
| 2017 | $50K | $40K | $303K | $186K | — | View 990 |
| 2016 | $41K | $36K | $317K | $195K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $62K, expenses of $27K, and assets of $303K (revenue +34.8% year-over-year).
- 2021: Revenue of $46K, expenses of $52K, and assets of $278K (revenue +28.7% year-over-year).
- 2020: Revenue of $36K, expenses of $30K, and assets of $282K (revenue -13.9% year-over-year).
- 2019: Revenue of $42K, expenses of $31K, and assets of $286K (revenue -21.2% year-over-year).
- 2018: Revenue of $53K, expenses of $40K, and assets of $310K (revenue +5.5% year-over-year).
- 2017: Revenue of $50K, expenses of $40K, and assets of $303K (revenue +21.4% year-over-year).
- 2016: Revenue of $41K, expenses of $36K, and assets of $317K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Boom Bay Volunteer Fire Co Ltd:
Data Sources and Methodology
This transparency report for Boom Bay Volunteer Fire Co Ltd 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.