Fire Wagon Hockey Inc

Fire Wagon Hockey Inc. consistently generates revenue exceeding expenses with no reported officer compensation.

EIN: 202682112 · Crystal Lake, IL · NTEE: N68 · Updated: 2026-03-28

$2.0MRevenue

$7.0MAssets

85/100Mission Score (Excellent)

N68

About Fire Wagon Hockey Inc

Fire Wagon Hockey Inc (EIN: 202682112) is a nonprofit organization based in Crystal Lake, IL, classified under NTEE code N68. The organization reported total revenue of $2.0M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fire Wagon Hockey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Fire Wagon Hockey Inc. demonstrates consistent financial operations, with revenues generally exceeding expenses over the past decade. In 2022, the organization reported revenues of $1,962,679 against expenses of $1,850,665, indicating a healthy surplus. The organization's assets have remained substantial, at $6,996,975 in 2022, though they have seen a slight decrease from a peak of $7,503,090 in 2018. Liabilities have also shown a downward trend, from $5,809,387 in 2014 to $4,284,331 in 2022, which is a positive indicator of financial stability and debt management.

The organization's spending efficiency appears strong, as evidenced by the consistent surpluses. A key aspect of their transparency is the reported 0% officer compensation across all available filings, suggesting that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a notable practice for a nonprofit of this size. This practice, combined with consistent filing of IRS Form 990s, points to a commitment to financial accountability.

While the provided data doesn't detail the exact breakdown of program, administrative, and fundraising expenses, the overall financial health, consistent revenue generation, and lack of reported officer compensation contribute to a positive view of their financial management and transparency. The organization's ability to maintain significant assets while reducing liabilities further strengthens this assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Fire Wagon Hockey 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Fire Wagon Hockey Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Fire Wagon Hockey Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with annual revenues approaching $2 million and suggests a volunteer-led executive structure or alternative compensation methods not classified as officer pay.

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 Fire Wagon Hockey Inc's IRS 990 filings:

Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Unusually low (0%) reported officer compensation for an organization of this size, which might warrant further inquiry into how leadership is compensated or structured.

Strengths

The following positive indicators were identified for Fire Wagon Hockey Inc:

Consistent revenue generation exceeding expenses (e.g., $1,962,679 revenue vs. $1,850,665 expenses in 2022)
Significant asset base ($6,996,975 in 2022)
Decreasing liabilities over time, indicating improved financial management ($5,809,387 in 2014 to $4,284,331 in 2022)
No reported officer compensation, suggesting a highly efficient or volunteer-driven leadership model
Consistent filing of IRS Form 990s, demonstrating transparency and compliance

Frequently Asked Questions about Fire Wagon Hockey Inc

Is Fire Wagon Hockey Inc. financially stable?

Yes, Fire Wagon Hockey Inc. appears financially stable, consistently generating more revenue than expenses (e.g., $1,962,679 revenue vs. $1,850,665 expenses in 2022) and maintaining substantial assets ($6,996,975 in 2022) while reducing liabilities.

How does Fire Wagon Hockey Inc. manage executive compensation?

Fire Wagon Hockey Inc. reports 0% officer compensation in all available filings, indicating that its executive leadership is likely volunteer-based or compensated through means not categorized as officer compensation on the 990 form.

Has Fire Wagon Hockey Inc.'s financial health improved or declined over time?

The organization's financial health has remained relatively stable, with consistent revenue and expense levels. Assets have slightly decreased from a peak in 2018, but liabilities have significantly decreased from $5,809,387 in 2014 to $4,284,331 in 2022, indicating improved debt management.

Filing History

IRS 990 filing history for Fire Wagon Hockey Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2022), Fire Wagon Hockey Inc's revenue has grown by 22.4%, moving from $1.6M to $2.0M. Total assets increased by 15% over the same period, from $6.1M to $7.0M. Total functional expenses rose by 37.8%, from $1.3M to $1.9M. In its most recent filing year (2022), Fire Wagon Hockey Inc reported a surplus of $112K, with revenue exceeding expenses. The organization holds $4.3M in liabilities against $7.0M in assets (debt-to-asset ratio: 61.2%), resulting in net assets of $2.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2022	$2.0M	$1.9M	$7.0M	$4.3M	—	View 990
2021	$1.8M	$1.7M	$7.0M	$4.4M	—	View 990
2020	$1.6M	$1.7M	$7.2M	$4.7M	—	View 990
2019	$2.2M	$2.1M	$7.5M	$4.9M	—	View 990
2018	$2.3M	$2.0M	$7.5M	$5.1M	—	View 990
2017	$2.4M	$2.0M	$7.5M	$5.3M	—	View 990
2016	$2.4M	$2.0M	$7.4M	$5.6M	—	View 990
2015	$2.3M	$1.9M	$7.1M	$5.8M	—	View 990
2014	$2.0M	$1.8M	$6.8M	$5.8M	—	View 990
2013	$1.9M	$1.8M	$6.5M	$5.6M	—	View 990
2012	$1.9M	$1.7M	$6.4M	$5.6M	—	View 990
2011	$1.6M	$1.3M	$6.1M	$5.5M	—	View 990

Year-by-Year Financial Summary

2022: Revenue of $2.0M, expenses of $1.9M, and assets of $7.0M (revenue +7.4% year-over-year).
2021: Revenue of $1.8M, expenses of $1.7M, and assets of $7.0M (revenue +15.7% year-over-year).
2020: Revenue of $1.6M, expenses of $1.7M, and assets of $7.2M (revenue -28.2% year-over-year).
2019: Revenue of $2.2M, expenses of $2.1M, and assets of $7.5M (revenue -4.5% year-over-year).
2018: Revenue of $2.3M, expenses of $2.0M, and assets of $7.5M (revenue -4.2% year-over-year).
2017: Revenue of $2.4M, expenses of $2.0M, and assets of $7.5M (revenue -0.2% year-over-year).
2016: Revenue of $2.4M, expenses of $2.0M, and assets of $7.4M (revenue +5.7% year-over-year).
2015: Revenue of $2.3M, expenses of $1.9M, and assets of $7.1M (revenue +13.4% year-over-year).
2014: Revenue of $2.0M, expenses of $1.8M, and assets of $6.8M (revenue +6.6% year-over-year).
2013: Revenue of $1.9M, expenses of $1.8M, and assets of $6.5M (revenue +1.2% year-over-year).
2012: Revenue of $1.9M, expenses of $1.7M, and assets of $6.4M (revenue +16.3% year-over-year).
2011: Revenue of $1.6M, expenses of $1.3M, and assets of $6.1M.

Data Sources and Methodology

This transparency report for Fire Wagon Hockey 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.