Empire Hose Company No 1 Of Piermont New York Inc
Volunteer Fire Company Maintains Stable Finances with No Officer Compensation Over a Decade.
EIN: 133259885 · Piermont, NY · NTEE: M24 · Updated: 2026-03-28
Is Empire Hose Company No 1 Of Piermont New York Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Empire Hose Company No 1 Of Piermont New York Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Empire Hose Company No 1 Of Piermont New York Inc
Empire Hose Company No 1 Of Piermont New York Inc (EIN: 133259885) is a nonprofit organization based in Piermont, NY, classified under NTEE code M24. The organization reported total revenue of $6.0M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Empire Hose Company No 1 Of Piermont New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Empire Hose Company No 1 Of Piermont New York Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97K |
| Total Expenses | $131K |
| Surplus / Deficit | $-33,993 |
| Total Assets | $714K |
| Total Liabilities | $82K |
| Net Assets | $632K |
| Operating Margin | -34.9% |
| Debt-to-Asset Ratio | 11.5% |
| Months of Reserves | 65.1 months |
Financial Health Grade: B
In 2023, Empire Hose Company No 1 Of Piermont New York Inc reported a deficit of $34K with expenses exceeding revenue, holds 65.1 months of operating reserves (strong position), has a debt-to-asset ratio of 11.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Empire Hose Company No 1 Of Piermont New York Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.0% | -12.0% | -6.9% |
| 2022 | +39.4% | +59.6% | -0.5% |
| 2021 | -4.6% | -19.4% | +6.0% |
| 2020 | -18.6% | -22.9% | -4.0% |
| 2019 | +18.7% | +2.2% | -2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Empire Hose Company No 1 Of Piermont New York Inc with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Empire Hose Company No 1 Of Piermont New York Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $34K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers, which is highly efficient for an organization of its size.
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 Empire Hose Company No 1 Of Piermont New York Inc:
- Consistent zero officer compensation, indicating volunteer leadership and efficient use of funds.
- Stable asset base (e.g., $713,542 in 2023) relative to liabilities ($81,979 in 2023), showing financial stability.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency.
- Strong program focus, as most expenses for a volunteer fire company are inherently programmatic.
- Healthy equity position with assets significantly exceeding liabilities.
Frequently Asked Questions about Empire Hose Company No 1 Of Piermont New York Inc
Is Empire Hose Company No 1 Of Piermont New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Empire Hose Company No 1 Of Piermont New York Inc (EIN: 133259885) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Empire Hose Company No 1 Of Piermont New York Inc spend its money?
Empire Hose Company No 1 Of Piermont New York Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Empire Hose Company No 1 Of Piermont New York Inc tax-deductible?
Empire Hose Company No 1 Of Piermont New York Inc is registered as a tax-exempt nonprofit (EIN: 133259885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Empire Hose Company No 1 Of Piermont New York Inc a good charity?
Based on the available IRS 990 data, Empire Hose Company No 1 Of Piermont New York Inc appears to be a very good charity. It consistently reports zero officer compensation, indicating volunteer leadership, and maintains stable finances with a healthy asset-to-liability ratio.
How does the organization fund its operations?
The organization's revenue, typically ranging from $96,000 to $194,000 annually, likely comes from a combination of community donations, local government support, and potentially fundraising events, given its mission as a volunteer fire company.
What is the trend in the organization's financial health?
The organization's financial health has been stable over the past decade, with assets consistently around $700,000-$800,000 and liabilities under $150,000. While some years show small deficits (e.g., $131,445 expenses vs. $97,452 revenue in 2023), these are typical for small nonprofits and do not indicate significant financial distress.
Filing History
IRS 990 filing history for Empire Hose Company No 1 Of Piermont New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Empire Hose Company No 1 Of Piermont New York Inc's revenue has declined by 21.9%, moving from $125K to $97K. Total assets decreased by 14.6% over the same period, from $836K to $714K. Total functional expenses rose by 32.6%, from $99K to $131K. In its most recent filing year (2023), Empire Hose Company No 1 Of Piermont New York Inc reported a deficit of $34K, with expenses exceeding revenue. The organization holds $82K in liabilities against $714K in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $632K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97K | $131K | $714K | $82K | — | View 990 |
| 2022 | $155K | $149K | $766K | $97K | — | View 990 |
| 2021 | $111K | $94K | $770K | $111K | — | View 990 |
| 2020 | $116K | $116K | $726K | $124K | — | View 990 |
| 2019 | $143K | $151K | $757K | $136K | — | View 990 |
| 2018 | $120K | $147K | $777K | $148K | — | View 990 |
| 2017 | $195K | $136K | $792K | $137K | — | View 990 |
| 2016 | $103K | $130K | $735K | $142K | — | View 990 |
| 2015 | $96K | $135K | $767K | $147K | — | View 990 |
| 2014 | $98K | $136K | $811K | $152K | — | View 990 |
| 2013 | $159K | $148K | $852K | $156K | — | View 990 |
| 2012 | $312K | $343K | $797K | $111K | — | View 990 |
| 2011 | $125K | $99K | $836K | $120K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97K, expenses of $131K, and assets of $714K (revenue -37.0% year-over-year).
- 2022: Revenue of $155K, expenses of $149K, and assets of $766K (revenue +39.4% year-over-year).
- 2021: Revenue of $111K, expenses of $94K, and assets of $770K (revenue -4.6% year-over-year).
- 2020: Revenue of $116K, expenses of $116K, and assets of $726K (revenue -18.6% year-over-year).
- 2019: Revenue of $143K, expenses of $151K, and assets of $757K (revenue +18.7% year-over-year).
- 2018: Revenue of $120K, expenses of $147K, and assets of $777K (revenue -38.2% year-over-year).
- 2017: Revenue of $195K, expenses of $136K, and assets of $792K (revenue +88.4% year-over-year).
- 2016: Revenue of $103K, expenses of $130K, and assets of $735K (revenue +7.4% year-over-year).
- 2015: Revenue of $96K, expenses of $135K, and assets of $767K (revenue -2.0% year-over-year).
- 2014: Revenue of $98K, expenses of $136K, and assets of $811K (revenue -38.2% year-over-year).
- 2013: Revenue of $159K, expenses of $148K, and assets of $852K (revenue -49.2% year-over-year).
- 2012: Revenue of $312K, expenses of $343K, and assets of $797K (revenue +150.3% year-over-year).
- 2011: Revenue of $125K, expenses of $99K, and assets of $836K.
Data Sources and Methodology
This transparency report for Empire Hose Company No 1 Of Piermont New York 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.