Floyd Community Volunteer Firedepartment Incorporated
Floyd Community Volunteer Firedepartment shows consistent revenue growth and strong asset accumulation with zero officer compensation.
EIN: 205391726 · Floyd, IA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $75K |
| Program Spending | 90% |
| Net Assets | $333K |
| Transparency Score | 95/100 |
Is Floyd Community Volunteer Firedepartment Incorporated Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Floyd Community Volunteer Firedepartment Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Floyd Community Volunteer Firedepartment Incorporated
Floyd Community Volunteer Firedepartment Incorporated (EIN: 205391726) is a nonprofit organization based in Floyd, IA, classified under NTEE code M24. The organization reported total revenue of $125K and total assets of $342K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Floyd Community Volunteer Firedepartment Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Floyd Community Volunteer Firedepartment Incorporated is a small nonprofit that has been operating for 20 years, with 3 years of IRS 990 filings on record (2022–2024). Revenue has grown at a compound annual rate of 28.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $75K |
| Surplus / Deficit | +$49K |
| Total Assets | $346K |
| Total Liabilities | $13K |
| Net Assets | $333K |
| Operating Margin | 39.4% |
| Debt-to-Asset Ratio | 3.7% |
| Months of Reserves | 55.2 months |
Financial Health Grade: A
In 2024, Floyd Community Volunteer Firedepartment Incorporated reported a surplus of $49K with revenue exceeding expenses, holds 55.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.7% (very low leverage).
Financial Trends
Over 3 years of filings (2022–2024), Floyd Community Volunteer Firedepartment Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 28.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +36.4% | -7.7% | +0.6% |
| 2023 | +20.4% | +27.1% | +264.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Floyd Community Volunteer Firedepartment Incorporated 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Floyd Community Volunteer Firedepartment Incorporated allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $49K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is entirely volunteer-led at the executive level. This is highly commendable for an organization of its size, as it ensures all funds are directed towards its mission rather than salaries.
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 Floyd Community Volunteer Firedepartment Incorporated:
- Consistent revenue growth from $75,474 (2022) to $123,894 (2024).
- Significant asset accumulation, growing from $94,192 (2022) to $345,797 (2024).
- Zero officer compensation reported across all filings, indicating high efficiency and volunteer commitment.
- Expenses consistently lower than revenue, leading to healthy surpluses.
- Clear and consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Floyd Community Volunteer Firedepartment Incorporated
Is Floyd Community Volunteer Firedepartment Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Floyd Community Volunteer Firedepartment Incorporated (EIN: 205391726) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Floyd Community Volunteer Firedepartment Incorporated spend its money?
Floyd Community Volunteer Firedepartment Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Floyd Community Volunteer Firedepartment Incorporated tax-deductible?
Floyd Community Volunteer Firedepartment Incorporated is registered as a tax-exempt nonprofit (EIN: 205391726). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Floyd Community Volunteer Firedepartment Incorporated's spending goes to programs?
Floyd Community Volunteer Firedepartment Incorporated directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Floyd Community Volunteer Firedepartment Incorporated compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Floyd Community Volunteer Firedepartment Incorporated is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Floyd Community Volunteer Firedepartment Incorporated located?
Floyd Community Volunteer Firedepartment Incorporated is headquartered in Floyd, Iowa and files with the IRS under EIN 205391726. It is classified under NTEE code M24.
How many years of IRS 990 filings does Floyd Community Volunteer Firedepartment Incorporated have?
Floyd Community Volunteer Firedepartment Incorporated has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $125K in total revenue.
Is Floyd Community Volunteer Firedepartment Incorporated a good charity?
Yes, based on the available data, it appears to be a very good charity. It demonstrates strong financial health, efficient spending with no officer compensation, and consistent growth in assets, all while serving a critical community need.
How has the organization's financial health changed over the past three years?
The organization's financial health has significantly improved. Revenue has grown from $75,474 in 2022 to $123,894 in 2024, and assets have more than tripled from $94,192 to $345,797 in the same period, indicating robust growth and stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all filings, indicating a fully volunteer-driven leadership structure. This is a highly efficient and transparent approach, ensuring all donations directly support the fire department's operations.
Filing History
IRS 990 filing history for Floyd Community Volunteer Firedepartment Incorporated showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2022–2024), Floyd Community Volunteer Firedepartment Incorporated's revenue has grown by 64.2%, moving from $75K to $124K. Total assets increased by 267.1% over the same period, from $94K to $346K. Total functional expenses rose by 17.3%, from $64K to $75K. In its most recent filing year (2024), Floyd Community Volunteer Firedepartment Incorporated reported a surplus of $49K, with revenue exceeding expenses. The organization holds $13K in liabilities against $346K in assets (debt-to-asset ratio: 3.7%), resulting in net assets of $333K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $124K | $75K | $346K | $13K | — | — |
| 2023 | $91K | $81K | $344K | $60K | — | View 990 |
| 2022 | $75K | $64K | $94K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $124K, expenses of $75K, and assets of $346K (revenue +36.4% year-over-year).
- 2023: Revenue of $91K, expenses of $81K, and assets of $344K (revenue +20.4% year-over-year).
- 2022: Revenue of $75K, expenses of $64K, and assets of $94K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Floyd Community Volunteer Firedepartment Incorporated:
Data Sources and Methodology
This transparency report for Floyd Community Volunteer Firedepartment Incorporated 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.