Bremen Volunteer Fire Company Inc
Bremen Volunteer Fire Company Inc sees declining assets amid fluctuating revenues and expenses, with no officer compensation.
EIN: 10395188 · Bremen, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $32K |
| Program Spending | 80% |
| Net Assets | $20K |
| Transparency Score | 70/100 |
Is Bremen Volunteer Fire Company Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bremen Volunteer Fire Company Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bremen Volunteer Fire Company Inc
Bremen Volunteer Fire Company Inc (EIN: 10395188) is a nonprofit organization based in Bremen, ME. The organization reported total revenue of $34K and total assets of $19K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bremen Volunteer Fire Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bremen Volunteer Fire Company Inc is a micro nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27K |
| Total Expenses | $32K |
| Surplus / Deficit | $-5,203 |
| Total Assets | $20K |
| Net Assets | $20K |
| Operating Margin | -19.1% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Bremen Volunteer Fire Company Inc reported a deficit of $5K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Bremen Volunteer Fire Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.2% | -25.4% | -20.8% |
| 2022 | +8.9% | +152.7% | -56.4% |
| 2021 | +3.5% | -19.9% | +25.4% |
| 2020 | -21.4% | -31.8% | +16.2% |
| 2019 | +34.1% | +6.6% | +11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Bremen Volunteer Fire Company Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Bremen Volunteer Fire Company Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $5K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating a fully volunteer-led executive structure and efficient use of funds by avoiding salary expenses for leadership.
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.
Red Flags
The following concerns were identified during AI analysis of Bremen Volunteer Fire Company Inc's IRS 990 filings:
- Consistent decline in assets from $60,505 in 2016 to $19,756 in 2023, indicating spending exceeding income over the long term.
- Frequent periods where expenses significantly outpace revenue, such as in 2022 where expenses were $43,445 against $31,328 in revenue.
Strengths
The following positive indicators were identified for Bremen Volunteer Fire Company Inc:
- Zero officer compensation reported across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Consistently reports zero liabilities, demonstrating strong financial solvency and no reliance on debt.
- Regularly files IRS Form 990, indicating a commitment to transparency and compliance.
Frequently Asked Questions about Bremen Volunteer Fire Company Inc
Is Bremen Volunteer Fire Company Inc a legitimate charity?
Bremen Volunteer Fire Company Inc (EIN: 10395188) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $34K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bremen Volunteer Fire Company Inc spend its money?
Bremen Volunteer Fire Company Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bremen Volunteer Fire Company Inc tax-deductible?
Bremen Volunteer Fire Company Inc is registered as a tax-exempt nonprofit (EIN: 10395188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bremen Volunteer Fire Company Inc's spending goes to programs?
Bremen Volunteer Fire Company Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bremen Volunteer Fire Company Inc located?
Bremen Volunteer Fire Company Inc is headquartered in Bremen, Maine and files with the IRS under EIN 10395188.
How many years of IRS 990 filings does Bremen Volunteer Fire Company Inc have?
Bremen Volunteer Fire Company Inc 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 $34K in total revenue.
Why have the organization's assets declined significantly from $60,505 in 2016 to $19,756 in 2023?
The decline in assets is likely due to several years where expenses exceeded revenue, such as in 2023 ($32,411 expenses vs. $27,208 revenue) and 2022 ($43,445 expenses vs. $31,328 revenue), drawing down on reserves built in prior years.
What is the primary source of the organization's revenue?
The provided data does not specify the primary source of revenue, only the total revenue figures which fluctuate annually.
How does the organization manage its expenses during years when they significantly exceed revenue?
During years when expenses exceed revenue, the organization appears to draw upon its accumulated assets, as evidenced by the decline in total assets over time.
Filing History
IRS 990 filing history for Bremen Volunteer Fire Company Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bremen Volunteer Fire Company Inc's revenue has grown by 3.2%, moving from $26K to $27K. Total assets decreased by 34.3% over the same period, from $30K to $20K. Total functional expenses rose by 85.5%, from $17K to $32K. In its most recent filing year (2023), Bremen Volunteer Fire Company Inc reported a deficit of $5K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27K | $32K | $20K | $0 | — | — |
| 2022 | $31K | $43K | $25K | $0 | — | View 990 |
| 2021 | $29K | $17K | $57K | $0 | — | View 990 |
| 2020 | $28K | $21K | $46K | $0 | — | View 990 |
| 2019 | $35K | $31K | $39K | $0 | — | View 990 |
| 2018 | $26K | $30K | $35K | $0 | — | View 990 |
| 2017 | $25K | $47K | $39K | $0 | — | View 990 |
| 2016 | $30K | $17K | $61K | $0 | — | View 990 |
| 2015 | $26K | $13K | $48K | $0 | — | View 990 |
| 2014 | $37K | $49K | $30K | $0 | — | View 990 |
| 2013 | $24K | $11K | $41K | $0 | — | View 990 |
| 2012 | $15K | $17K | $28K | $0 | — | View 990 |
| 2011 | $26K | $17K | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27K, expenses of $32K, and assets of $20K (revenue -13.2% year-over-year).
- 2022: Revenue of $31K, expenses of $43K, and assets of $25K (revenue +8.9% year-over-year).
- 2021: Revenue of $29K, expenses of $17K, and assets of $57K (revenue +3.5% year-over-year).
- 2020: Revenue of $28K, expenses of $21K, and assets of $46K (revenue -21.4% year-over-year).
- 2019: Revenue of $35K, expenses of $31K, and assets of $39K (revenue +34.1% year-over-year).
- 2018: Revenue of $26K, expenses of $30K, and assets of $35K (revenue +4.2% year-over-year).
- 2017: Revenue of $25K, expenses of $47K, and assets of $39K (revenue -14.9% year-over-year).
- 2016: Revenue of $30K, expenses of $17K, and assets of $61K (revenue +12.5% year-over-year).
- 2015: Revenue of $26K, expenses of $13K, and assets of $48K (revenue -28.4% year-over-year).
- 2014: Revenue of $37K, expenses of $49K, and assets of $30K (revenue +54.1% year-over-year).
- 2013: Revenue of $24K, expenses of $11K, and assets of $41K (revenue +65.2% year-over-year).
- 2012: Revenue of $15K, expenses of $17K, and assets of $28K (revenue -44.9% year-over-year).
- 2011: Revenue of $26K, expenses of $17K, and assets of $30K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bremen Volunteer Fire Company Inc:
Data Sources and Methodology
This transparency report for Bremen Volunteer Fire Company 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.