Cool Springs Volunteer Firedepartment
Cool Springs Volunteer Firedepartment shows consistent asset growth and zero officer compensation over a decade.
EIN: 205437367 · Birmingham, AL · NTEE: M24 · Updated: 2026-03-28
Is Cool Springs Volunteer Firedepartment Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cool Springs Volunteer Firedepartment directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cool Springs Volunteer Firedepartment
Cool Springs Volunteer Firedepartment (EIN: 205437367) is a nonprofit organization based in Birmingham, AL, classified under NTEE code M24. The organization reported total revenue of $107K and total assets of $536K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cool Springs Volunteer Firedepartment's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cool Springs Volunteer Firedepartment is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $51K |
| Surplus / Deficit | +$49K |
| Total Assets | $501K |
| Total Liabilities | $29K |
| Net Assets | $472K |
| Operating Margin | 49.2% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 118.0 months |
Financial Health Grade: A
In 2023, Cool Springs Volunteer Firedepartment reported a surplus of $49K with revenue exceeding expenses, holds 118.0 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cool Springs Volunteer Firedepartment's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +41.0% | +10.9% |
| 2022 | +24.6% | -14.8% | +14.8% |
| 2021 | +5.6% | -27.6% | +18.7% |
| 2020 | -1.2% | +17.1% | +4.1% |
| 2019 | +13.8% | +12.0% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Cool Springs Volunteer Firedepartment with a Mission Score of 95 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, Cool Springs Volunteer Firedepartment 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a nonprofit of its size with assets exceeding $500,000.
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 Cool Springs Volunteer Firedepartment:
- Consistent asset growth, from $260,109 in 2014 to $500,873 in 2023.
- Zero officer compensation reported across all 13 filings, indicating high efficiency and dedication to mission.
- Positive revenue trend, increasing from $63,606 in 2014 to $100,334 in 2023.
- Strong financial management with expenses consistently lower than revenue in recent years (e.g., $50,921 expenses vs. $100,334 revenue in 2023).
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency.
Frequently Asked Questions about Cool Springs Volunteer Firedepartment
Is Cool Springs Volunteer Firedepartment a legitimate charity?
Based on AI analysis of IRS 990 filings, Cool Springs Volunteer Firedepartment (EIN: 205437367) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Cool Springs Volunteer Firedepartment spend its money?
Cool Springs Volunteer Firedepartment directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cool Springs Volunteer Firedepartment tax-deductible?
Cool Springs Volunteer Firedepartment is registered as a tax-exempt nonprofit (EIN: 205437367). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Cool Springs Volunteer Firedepartment a good charity?
Based on the financial data, Cool Springs Volunteer Firedepartment appears to be a very good charity. They demonstrate strong financial health with growing assets, increasing revenue, and a remarkable commitment to directing all funds to their mission by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Assets have nearly doubled from $260,109 in 2014 to $500,873 in 2023, and revenue has grown from $63,606 to $100,334 in the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
Cool Springs Volunteer Firedepartment has a highly commendable approach to executive compensation, reporting 0% officer compensation in all 13 filings. This means that no salaries are paid to officers, ensuring all funds are used for operational and program expenses.
Filing History
IRS 990 filing history for Cool Springs Volunteer Firedepartment showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cool Springs Volunteer Firedepartment's revenue has declined by 45.6%, moving from $185K to $100K. Total assets increased by 53.5% over the same period, from $326K to $501K. Total functional expenses fell by 51.6%, from $105K to $51K. In its most recent filing year (2023), Cool Springs Volunteer Firedepartment reported a surplus of $49K, with revenue exceeding expenses. The organization holds $29K in liabilities against $501K in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $472K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $51K | $501K | $29K | — | View 990 |
| 2022 | $94K | $36K | $451K | $29K | — | View 990 |
| 2021 | $76K | $42K | $393K | $29K | — | View 990 |
| 2020 | $72K | $59K | $331K | $0 | — | View 990 |
| 2019 | $73K | $50K | $318K | $0 | — | View 990 |
| 2018 | $64K | $45K | $296K | $0 | — | View 990 |
| 2017 | $67K | $60K | $276K | $0 | — | View 990 |
| 2016 | $70K | $59K | $270K | $0 | — | View 990 |
| 2015 | $62K | $63K | $259K | $0 | — | View 990 |
| 2014 | $64K | $91K | $260K | $0 | — | View 990 |
| 2013 | $73K | $94K | $287K | $0 | — | View 990 |
| 2012 | $60K | $77K | $308K | $0 | — | View 990 |
| 2011 | $185K | $105K | $326K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $51K, and assets of $501K (revenue +6.3% year-over-year).
- 2022: Revenue of $94K, expenses of $36K, and assets of $451K (revenue +24.6% year-over-year).
- 2021: Revenue of $76K, expenses of $42K, and assets of $393K (revenue +5.6% year-over-year).
- 2020: Revenue of $72K, expenses of $59K, and assets of $331K (revenue -1.2% year-over-year).
- 2019: Revenue of $73K, expenses of $50K, and assets of $318K (revenue +13.8% year-over-year).
- 2018: Revenue of $64K, expenses of $45K, and assets of $296K (revenue -4.1% year-over-year).
- 2017: Revenue of $67K, expenses of $60K, and assets of $276K (revenue -5.0% year-over-year).
- 2016: Revenue of $70K, expenses of $59K, and assets of $270K (revenue +13.7% year-over-year).
- 2015: Revenue of $62K, expenses of $63K, and assets of $259K (revenue -3.1% year-over-year).
- 2014: Revenue of $64K, expenses of $91K, and assets of $260K (revenue -13.1% year-over-year).
- 2013: Revenue of $73K, expenses of $94K, and assets of $287K (revenue +21.4% year-over-year).
- 2012: Revenue of $60K, expenses of $77K, and assets of $308K (revenue -67.3% year-over-year).
- 2011: Revenue of $185K, expenses of $105K, and assets of $326K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cool Springs Volunteer Firedepartment:
Data Sources and Methodology
This transparency report for Cool Springs Volunteer Firedepartment 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.