Cornwell Volunteer Fire Department Inc
Cornwell Volunteer Fire Department: Consistent Operations Amidst Revenue Fluctuations
EIN: 223041895 · Cornwall, VT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $77K |
| Total Expenses | $128K |
| Program Spending | 65% |
| Net Assets | $269K |
| Transparency Score | 85/100 |
Is Cornwell Volunteer Fire Department Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornwell Volunteer Fire Department Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cornwell Volunteer Fire Department Inc
Cornwell Volunteer Fire Department Inc (EIN: 223041895) is a nonprofit organization based in Cornwall, VT. The organization reported total revenue of $77K and total assets of $226K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornwell Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornwell Volunteer Fire Department Inc is a micro nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $128K |
| Surplus / Deficit | $-58,872 |
| Total Assets | $269K |
| Net Assets | $269K |
| Operating Margin | -85.6% |
| Months of Reserves | 25.3 months |
Financial Health Grade: B
In 2024, Cornwell Volunteer Fire Department Inc reported a deficit of $59K with expenses exceeding revenue, holds 25.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Cornwell 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 |
|---|---|---|---|
| 2024 | -8.4% | +1.6% | -17.9% |
| 2023 | -4.3% | +2.4% | -13.3% |
| 2022 | -4.6% | +18.4% | -10.5% |
| 2021 | -15.5% | +34.9% | -4.8% |
| 2020 | -66.5% | -15.1% | +4.9% |
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 Cornwell Volunteer Fire Department Inc with a Mission Score of 85 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Cornwell Volunteer Fire Department Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $59K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation information is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported.
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 Cornwell Volunteer Fire Department Inc's IRS 990 filings:
- Significant decline in total assets from $444,416 in 2020 to $225,660 in 2024.
- Revenue has fluctuated significantly, with a peak of $290,837 in 2019 and a low of $66,200 in 2017, indicating potential instability in funding sources.
Strengths
The following positive indicators were identified for Cornwell Volunteer Fire Department Inc:
- Consistent operational expenses (around $100k-$120k annually) despite revenue volatility, suggesting stable service delivery.
- Long history of financial filings, demonstrating commitment to transparency over time.
Frequently Asked Questions about Cornwell Volunteer Fire Department Inc
Is Cornwell Volunteer Fire Department Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornwell Volunteer Fire Department Inc (EIN: 223041895) some concerns. Mission Score: 85/100. 2 red flags identified, 2 strengths noted.
How does Cornwell Volunteer Fire Department Inc spend its money?
Cornwell Volunteer Fire Department Inc directs 65% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornwell Volunteer Fire Department Inc tax-deductible?
Cornwell Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 223041895). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cornwell Volunteer Fire Department Inc's spending goes to programs?
Cornwell Volunteer Fire Department Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Cornwell Volunteer Fire Department Inc located?
Cornwell Volunteer Fire Department Inc is headquartered in Cornwall, Vermont and files with the IRS under EIN 223041895.
How many years of IRS 990 filings does Cornwell Volunteer Fire Department Inc have?
Cornwell Volunteer Fire Department 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 $77K in total revenue.
What does Cornwell Volunteer Fire Department Inc do?
Cornwell Volunteer Fire Department Inc is a nonprofit organization in the Unknown sector, located in Cornwall, Vermont. It is classified under NTEE code Unknown.
How much revenue does Cornwell Volunteer Fire Department Inc have?
Cornwell Volunteer Fire Department Inc reported total revenue of $77,257. Based on 13 IRS 990 filings on record.
What are Cornwell Volunteer Fire Department Inc's total assets?
Cornwell Volunteer Fire Department Inc holds total assets of $225,660 as reported in IRS 990 filings.
Where is Cornwell Volunteer Fire Department Inc located?
Cornwell Volunteer Fire Department Inc is based in Cornwall, Vermont.
What is Cornwell Volunteer Fire Department Inc's EIN?
Cornwell Volunteer Fire Department Inc's Employer Identification Number (EIN) is 223041895. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Cornwell Volunteer Fire Department Inc?
Cornwell Volunteer Fire Department Inc is classified under NTEE code Unknown (Unknown).
Is Cornwell Volunteer Fire Department Inc a registered 501(c)(3)?
Cornwell Volunteer Fire Department Inc appears in IRS records (EIN: 223041895). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Cornwell Volunteer Fire Department Inc file IRS Form 990?
Yes, Cornwell Volunteer Fire Department Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Cornwell Volunteer Fire Department Inc's revenue in 2024?
In the 202406 filing period, Cornwell Volunteer Fire Department Inc reported total revenue of $68,780, total expenses of $127,652, and net assets of $269,348.
Is Cornwell Volunteer Fire Department Inc's revenue growing or declining?
Cornwell Volunteer Fire Department Inc's revenue is declining. Revenue went from $75,079 (202306) to $68,780 (202406), a -8.4% change. Based on 13 filings on record.
What is Cornwell Volunteer Fire Department Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Cornwell Volunteer Fire Department Inc covers tax period 202406. It shows revenue of $68,780, expenses of $127,652, total assets of $269,348, and liabilities of N/A.
How much does Cornwell Volunteer Fire Department Inc spend on programs vs administration?
Based on IRS 990 analysis, Cornwell Volunteer Fire Department Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Cornwell Volunteer Fire Department Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Cornwell Volunteer Fire Department Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 2 strengths noted.
What are the red flags for Cornwell Volunteer Fire Department Inc?
The following concerns were identified: Significant decline in total assets from $444,416 in 2020 to $225,660 in 2024.. Revenue has fluctuated significantly, with a peak of $290,837 in 2019 and a low of $66,200 in 2017, indicating potential instability in funding sources.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Cornwell Volunteer Fire Department Inc's strengths?
Positive indicators for Cornwell Volunteer Fire Department Inc include: Consistent operational expenses (around $100k-$120k annually) despite revenue volatility, suggesting stable service delivery.. Long history of financial filings, demonstrating commitment to transparency over time.. These findings are derived from AI analysis of the organization's financial filings.
How does Cornwell Volunteer Fire Department Inc compensate executives?
Executive compensation information is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial revenue spike in 2019 ($290,837) compared to surrounding years, and how sustainable are such funding sources?
The data does not specify the source of the 2019 revenue spike. Understanding this would be crucial to assess the sustainability of their funding model and whether it was a one-time event or a repeatable fundraising success.
Given the consistent decline in assets, what strategies are in place to rebuild the organization's financial reserves and ensure long-term operational capacity?
The provided data shows a steady decrease in assets. Without further information, it's unclear what strategies, if any, are being implemented to reverse this trend and secure the department's future financial health.
Filing History
IRS 990 filing history for Cornwell Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Cornwell Volunteer Fire Department Inc's revenue has declined by 4.3%, moving from $72K to $69K. Total assets decreased by 3.3% over the same period, from $279K to $269K. Total functional expenses rose by 22.6%, from $104K to $128K. In its most recent filing year (2024), Cornwell Volunteer Fire Department Inc reported a deficit of $59K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $69K | $128K | $269K | $0 | — | — |
| 2023 | $75K | $126K | $328K | $0 | — | View 990 |
| 2022 | $78K | $123K | $379K | $0 | — | — |
| 2021 | $82K | $104K | $423K | $0 | — | — |
| 2020 | $97K | $77K | $444K | $0 | — | — |
| 2019 | $291K | $90K | $424K | $0 | — | View 990 |
| 2018 | $73K | $104K | $223K | $0 | — | View 990 |
| 2017 | $66K | $119K | $255K | $0 | — | View 990 |
| 2016 | $66K | $100K | $308K | $0 | — | View 990 |
| 2015 | $65K | $141K | $342K | $0 | — | View 990 |
| 2014 | $70K | $137K | $431K | $0 | — | View 990 |
| 2013 | $311K | $92K | $498K | $0 | — | View 990 |
| 2012 | $72K | $104K | $279K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $69K, expenses of $128K, and assets of $269K (revenue -8.4% year-over-year).
- 2023: Revenue of $75K, expenses of $126K, and assets of $328K (revenue -4.3% year-over-year).
- 2022: Revenue of $78K, expenses of $123K, and assets of $379K (revenue -4.6% year-over-year).
- 2021: Revenue of $82K, expenses of $104K, and assets of $423K (revenue -15.5% year-over-year).
- 2020: Revenue of $97K, expenses of $77K, and assets of $444K (revenue -66.5% year-over-year).
- 2019: Revenue of $291K, expenses of $90K, and assets of $424K (revenue +301.0% year-over-year).
- 2018: Revenue of $73K, expenses of $104K, and assets of $223K (revenue +9.6% year-over-year).
- 2017: Revenue of $66K, expenses of $119K, and assets of $255K (revenue +0.2% year-over-year).
- 2016: Revenue of $66K, expenses of $100K, and assets of $308K (revenue +2.4% year-over-year).
- 2015: Revenue of $65K, expenses of $141K, and assets of $342K (revenue -7.9% year-over-year).
- 2014: Revenue of $70K, expenses of $137K, and assets of $431K (revenue -77.5% year-over-year).
- 2013: Revenue of $311K, expenses of $92K, and assets of $498K (revenue +333.2% year-over-year).
- 2012: Revenue of $72K, expenses of $104K, and assets of $279K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornwell Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Cornwell 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.