Franklin Park Volunteer Fire Co
Franklin Park Volunteer Fire Co: Consistent Revenue, Stable Assets, and Strong Program Spending
EIN: 222534536 · Franklin Park, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $189K |
| Total Expenses | $151K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $822K |
| Transparency Score | 85/100 |
Is Franklin Park Volunteer Fire Co Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Park Volunteer Fire Co directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Park Volunteer Fire Co
Franklin Park Volunteer Fire Co (EIN: 222534536) is a nonprofit organization based in Franklin Park, NJ. The organization reported total revenue of $189K and total assets of $848K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Park Volunteer Fire Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Park Volunteer Fire Co is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $131K |
| Total Expenses | $151K |
| Surplus / Deficit | $-20,218 |
| Total Assets | $822K |
| Net Assets | $822K |
| Operating Margin | -15.5% |
| Months of Reserves | 65.3 months |
Financial Health Grade: B
In 2023, Franklin Park Volunteer Fire Co reported a deficit of $20K with expenses exceeding revenue, holds 65.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Franklin Park Volunteer Fire Co's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | +27.2% | -2.4% |
| 2022 | +8.2% | +16.5% | +2.1% |
| 2021 | +9.2% | -19.6% | +3.0% |
| 2020 | -24.4% | +8.4% | -1.4% |
| 2019 | -14.2% | +20.6% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Franklin Park Volunteer Fire Co 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: 80%
- fundraising: 10%
According to IRS 990 filings, Franklin Park Volunteer Fire Co allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $20K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer leadership structure, which is highly commendable for a nonprofit of this type.
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 Franklin Park Volunteer Fire Co's IRS 990 filings:
- Lack of detailed narrative on program service accomplishments in the provided data makes it difficult to fully assess impact.
- The 'nt' (net assets without donor restrictions) field is missing from the provided data, which could offer more insight into financial flexibility.
Strengths
The following positive indicators were identified for Franklin Park Volunteer Fire Co:
- Consistent revenue generation over several years, with total revenue of $188,654 in the most recent filing.
- Strong asset base, with total assets of $847,667 in the most recent filing, demonstrating financial stability.
- Zero reported executive compensation, highlighting a dedicated volunteer leadership.
- Low fundraising costs relative to total expenses, suggesting efficient resource allocation.
- Consistent operational history with available financial data spanning multiple years.
Frequently Asked Questions about Franklin Park Volunteer Fire Co
Is Franklin Park Volunteer Fire Co a legitimate charity?
Franklin Park Volunteer Fire Co (EIN: 222534536) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $189K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does Franklin Park Volunteer Fire Co spend its money?
Franklin Park Volunteer Fire Co directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Franklin Park Volunteer Fire Co tax-deductible?
Franklin Park Volunteer Fire Co is registered as a tax-exempt nonprofit (EIN: 222534536). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Franklin Park Volunteer Fire Co CEO make?
Franklin Park Volunteer Fire Co's highest-compensated officer earns $0 annually. The organization reported $189K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Franklin Park Volunteer Fire Co's spending goes to programs?
Franklin Park Volunteer Fire Co directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Franklin Park Volunteer Fire Co located?
Franklin Park Volunteer Fire Co is headquartered in Franklin Park, New Jersey and files with the IRS under EIN 222534536.
How many years of IRS 990 filings does Franklin Park Volunteer Fire Co have?
Franklin Park Volunteer Fire Co 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 $189K in total revenue.
What does Franklin Park Volunteer Fire Co do?
Franklin Park Volunteer Fire Co is a nonprofit organization in the Unknown sector, located in Franklin Park, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Franklin Park Volunteer Fire Co have?
Franklin Park Volunteer Fire Co reported total revenue of $188,654. Based on 13 IRS 990 filings on record.
What are Franklin Park Volunteer Fire Co's total assets?
Franklin Park Volunteer Fire Co holds total assets of $847,667 as reported in IRS 990 filings.
Where is Franklin Park Volunteer Fire Co located?
Franklin Park Volunteer Fire Co is based in Franklin Park, New Jersey.
What is Franklin Park Volunteer Fire Co's EIN?
Franklin Park Volunteer Fire Co's Employer Identification Number (EIN) is 222534536. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Franklin Park Volunteer Fire Co?
Franklin Park Volunteer Fire Co is classified under NTEE code Unknown (Unknown).
Is Franklin Park Volunteer Fire Co a registered 501(c)(3)?
Franklin Park Volunteer Fire Co appears in IRS records (EIN: 222534536). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Franklin Park Volunteer Fire Co file IRS Form 990?
Yes, Franklin Park Volunteer Fire Co has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Franklin Park Volunteer Fire Co's revenue in 2023?
In the 202306 filing period, Franklin Park Volunteer Fire Co reported total revenue of $130,853, total expenses of $151,071, and net assets of $822,494.
Is Franklin Park Volunteer Fire Co's revenue growing or declining?
Franklin Park Volunteer Fire Co's revenue is relatively stable. Revenue went from $135,995 (202206) to $130,853 (202306), a -3.8% change. Based on 13 filings on record.
What is Franklin Park Volunteer Fire Co's most recent 990 filing?
The most recent IRS Form 990 filing for Franklin Park Volunteer Fire Co covers tax period 202306. It shows revenue of $130,853, expenses of $151,071, total assets of $822,494, and liabilities of N/A.
How much does Franklin Park Volunteer Fire Co spend on programs vs administration?
Based on IRS 990 analysis, Franklin Park Volunteer Fire Co allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Franklin Park Volunteer Fire Co a trustworthy charity?
Based on AI analysis of IRS 990 data, Franklin Park Volunteer Fire Co appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 5 strengths noted.
What are the red flags for Franklin Park Volunteer Fire Co?
The following concerns were identified: Lack of detailed narrative on program service accomplishments in the provided data makes it difficult to fully assess impact.. The 'nt' (net assets without donor restrictions) field is missing from the provided data, which could offer more insight into financial flexibility.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Franklin Park Volunteer Fire Co's strengths?
Positive indicators for Franklin Park Volunteer Fire Co include: Consistent revenue generation over several years, with total revenue of $188,654 in the most recent filing.. Strong asset base, with total assets of $847,667 in the most recent filing, demonstrating financial stability.. Zero reported executive compensation, highlighting a dedicated volunteer leadership.. Low fundraising costs relative to total expenses, suggesting efficient resource allocation.. Consistent operational history with available financial data spanning multiple years.. These findings are derived from AI analysis of the organization's financial filings.
How does Franklin Park Volunteer Fire Co compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a fully volunteer leadership structure, which is highly commendable for a nonprofit of this type. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset base, what strategies does Franklin Park Volunteer Fire Co employ to maintain its financial stability without paid executive leadership?
The consistent financial performance without paid executive leadership suggests a strong reliance on community support, grants, and potentially investment income from its substantial asset base. The volunteer model likely minimizes administrative overhead, allowing more funds to be directed towards operational expenses and programs.
How does the organization ensure effective governance and strategic planning with a fully volunteer leadership, especially concerning long-term sustainability and community engagement?
Effective governance in a volunteer-led organization often relies on a highly engaged board of directors, clear bylaws, and a strong sense of community mission. Long-term sustainability would likely be supported by robust volunteer recruitment and retention programs, and strategic planning would need to be a collaborative effort among experienced volunteers, potentially leveraging external advisors for specialized expertise.
Filing History
IRS 990 filing history for Franklin Park Volunteer Fire Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Franklin Park Volunteer Fire Co's revenue has declined by 8.6%, moving from $143K to $131K. Total assets increased by 43.1% over the same period, from $575K to $822K. Total functional expenses rose by 1%, from $150K to $151K. In its most recent filing year (2023), Franklin Park Volunteer Fire Co reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $131K | $151K | $822K | $0 | — | View 990 |
| 2022 | $136K | $119K | $843K | $0 | — | View 990 |
| 2021 | $126K | $102K | $825K | $0 | — | — |
| 2020 | $115K | $127K | $802K | $0 | — | — |
| 2019 | $152K | $117K | $814K | $0 | — | View 990 |
| 2018 | $177K | $97K | $779K | $0 | — | View 990 |
| 2017 | $212K | $110K | $720K | $22K | — | View 990 |
| 2016 | $138K | $77K | $682K | $86K | — | View 990 |
| 2015 | $165K | $89K | $682K | $148K | — | View 990 |
| 2014 | $150K | $100K | $665K | $206K | — | View 990 |
| 2013 | $193K | $121K | $672K | $263K | — | View 990 |
| 2012 | $278K | $146K | $659K | $323K | — | View 990 |
| 2011 | $143K | $150K | $575K | $369K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $131K, expenses of $151K, and assets of $822K (revenue -3.8% year-over-year).
- 2022: Revenue of $136K, expenses of $119K, and assets of $843K (revenue +8.2% year-over-year).
- 2021: Revenue of $126K, expenses of $102K, and assets of $825K (revenue +9.2% year-over-year).
- 2020: Revenue of $115K, expenses of $127K, and assets of $802K (revenue -24.4% year-over-year).
- 2019: Revenue of $152K, expenses of $117K, and assets of $814K (revenue -14.2% year-over-year).
- 2018: Revenue of $177K, expenses of $97K, and assets of $779K (revenue -16.5% year-over-year).
- 2017: Revenue of $212K, expenses of $110K, and assets of $720K (revenue +53.8% year-over-year).
- 2016: Revenue of $138K, expenses of $77K, and assets of $682K (revenue -16.4% year-over-year).
- 2015: Revenue of $165K, expenses of $89K, and assets of $682K (revenue +10.3% year-over-year).
- 2014: Revenue of $150K, expenses of $100K, and assets of $665K (revenue -22.4% year-over-year).
- 2013: Revenue of $193K, expenses of $121K, and assets of $672K (revenue -30.5% year-over-year).
- 2012: Revenue of $278K, expenses of $146K, and assets of $659K (revenue +93.9% year-over-year).
- 2011: Revenue of $143K, expenses of $150K, and assets of $575K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Park Volunteer Fire Co:
Data Sources and Methodology
This transparency report for Franklin Park Volunteer Fire Co 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.