Broome Volunteer Emergency Squad Inc

Broome Volunteer Emergency Squad shows strong revenue growth and asset accumulation with no reported officer compensation.

EIN: 161106258 · Binghamton, NY · NTEE: E62Z · Updated: 2026-03-28

$2.0MRevenue

$1.0MAssets

92/100Mission Score (Excellent)

E62Z

About Broome Volunteer Emergency Squad Inc

Broome Volunteer Emergency Squad Inc (EIN: 161106258) is a nonprofit organization based in Binghamton, NY, classified under NTEE code E62Z. The organization reported total revenue of $2.0M and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Broome Volunteer Emergency Squad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Broome Volunteer Emergency Squad Inc demonstrates a generally stable financial position with consistent revenue streams over the past decade, averaging around $1.2 million to $1.3 million annually, with a notable increase in the latest filing period to $1,898,736. The organization consistently operates with expenses closely aligned with revenue, indicating a lean operational model. Their asset base has shown significant growth, more than doubling from $529,265 in 2019 to $1,163,956 in 2023, suggesting effective asset accumulation or investment. Liabilities have fluctuated but remain manageable relative to assets.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings, which suggests a volunteer-driven leadership or that compensation is not reported in this category. This contributes to a higher proportion of funds likely directed towards program services. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and transparency.

Overall, Broome Volunteer Emergency Squad Inc appears to be a financially sound and efficiently managed organization. The significant increase in revenue and assets in the most recent period (202310) suggests successful fundraising or increased demand for services, while maintaining a tight control over expenses. The absence of reported officer compensation is a key indicator of their operational model and commitment to directing resources to their mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Broome Volunteer Emergency Squad Inc 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Broome Volunteer Emergency Squad Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as officer compensation, which is a strong positive for directing funds to mission.

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 Broome Volunteer Emergency Squad Inc:

Consistent 0% officer compensation reported across all filings, indicating high efficiency and volunteer leadership.
Significant revenue growth in the latest filing period (202310) to $1,898,736 from $1,384,933 in 202210.
Strong asset growth, more than doubling from $529,265 in 2019 to $1,163,956 in 2023.
Expenses consistently managed close to revenue, indicating efficient operations.
Long history of IRS 990 filings (13 periods), demonstrating transparency and compliance.

Frequently Asked Questions about Broome Volunteer Emergency Squad Inc

Is Broome Volunteer Emergency Squad Inc a good charity?

Based on the financial data, Broome Volunteer Emergency Squad Inc appears to be a very good charity. They demonstrate strong financial health, efficient spending with no reported officer compensation, and consistent growth in assets and revenue.

How has the organization's financial health changed over time?

The organization has shown consistent financial health, with revenue generally stable around $1.2-$1.3 million for most of the past decade, followed by a significant increase to $1.89 million in 2023. Assets have more than doubled since 2019, indicating strong growth and financial stability.

What is the trend in their liabilities?

Liabilities have fluctuated, ranging from $0 in 2019 to $334,042 in 2023. While there's an increase in the latest period, they remain manageable relative to the organization's growing asset base of $1,163,956.

Filing History

IRS 990 filing history for Broome Volunteer Emergency Squad Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Broome Volunteer Emergency Squad Inc's revenue has grown by 58.9%, moving from $1.2M to $1.9M. Total assets increased by 152.7% over the same period, from $461K to $1.2M. Total functional expenses rose by 50%, from $1.1M to $1.6M. In its most recent filing year (2023), Broome Volunteer Emergency Squad Inc reported a surplus of $284K, with revenue exceeding expenses. The organization holds $334K in liabilities against $1.2M in assets (debt-to-asset ratio: 28.7%), resulting in net assets of $830K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.9M	$1.6M	$1.2M	$334K	—	View 990
2022	$1.4M	$1.4M	$878K	$333K	—	View 990
2021	$1.2M	$1.3M	$573K	$52K	—	View 990
2020	$1.2M	$1.2M	$636K	$87K	—	View 990
2019	$1.2M	$1.2M	$529K	$0	—	View 990
2018	$1.3M	$1.3M	$460K	$7K	—	View 990
2017	$1.3M	$1.3M	$537K	$67K	—	View 990
2016	$1.3M	$1.3M	$635K	$182K	—	View 990
2015	$1.3M	$1.3M	$642K	$185K	—	View 990
2014	$1.3M	$1.3M	$568K	$208K	—	View 990
2013	$1.2M	$1.2M	$699K	$318K	—	View 990
2012	$1.3M	$1.1M	$641K	$277K	—	View 990
2011	$1.2M	$1.1M	$461K	$267K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.9M, expenses of $1.6M, and assets of $1.2M (revenue +37.1% year-over-year).
2022: Revenue of $1.4M, expenses of $1.4M, and assets of $878K (revenue +11.9% year-over-year).
2021: Revenue of $1.2M, expenses of $1.3M, and assets of $573K (revenue +5.5% year-over-year).
2020: Revenue of $1.2M, expenses of $1.2M, and assets of $636K (revenue -5.0% year-over-year).
2019: Revenue of $1.2M, expenses of $1.2M, and assets of $529K (revenue -1.3% year-over-year).
2018: Revenue of $1.3M, expenses of $1.3M, and assets of $460K (revenue -6.6% year-over-year).
2017: Revenue of $1.3M, expenses of $1.3M, and assets of $537K (revenue +5.9% year-over-year).
2016: Revenue of $1.3M, expenses of $1.3M, and assets of $635K (revenue -6.2% year-over-year).
2015: Revenue of $1.3M, expenses of $1.3M, and assets of $642K (revenue +6.3% year-over-year).
2014: Revenue of $1.3M, expenses of $1.3M, and assets of $568K (revenue +1.6% year-over-year).
2013: Revenue of $1.2M, expenses of $1.2M, and assets of $699K (revenue -3.5% year-over-year).
2012: Revenue of $1.3M, expenses of $1.1M, and assets of $641K (revenue +8.2% year-over-year).
2011: Revenue of $1.2M, expenses of $1.1M, and assets of $461K.

Data Sources and Methodology

This transparency report for Broome Volunteer Emergency Squad 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.