Glade Spring Volunteer Fire Department
Glade Spring Volunteer Fire Department shows asset growth but incurred significant liabilities in its latest filing.
EIN: 202545984 · Glade Spring, VA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $111K |
| Program Spending | 85% |
| Net Assets | $136K |
| Transparency Score | 75/100 |
Is Glade Spring Volunteer Fire Department Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glade Spring Volunteer Fire Department directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glade Spring Volunteer Fire Department
Glade Spring Volunteer Fire Department (EIN: 202545984) is a nonprofit organization based in Glade Spring, VA. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glade Spring Volunteer Fire Department's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glade Spring Volunteer Fire Department is a small nonprofit, with 5 years of IRS 990 filings on record (2012–2016). Revenue has grown at a compound annual rate of -12.4%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $110K |
| Total Expenses | $111K |
| Surplus / Deficit | $-548 |
| Total Assets | $200K |
| Total Liabilities | $64K |
| Net Assets | $136K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 32.2% |
| Months of Reserves | 21.7 months |
Financial Health Grade: B
In 2016, Glade Spring Volunteer Fire Department reported a deficit of $548 with expenses exceeding revenue, holds 21.7 months of operating reserves (strong position), has a debt-to-asset ratio of 32.2% (moderate leverage).
Financial Trends
Over 5 years of filings (2012–2016), Glade Spring Volunteer Fire Department's revenue has declined at a compound annual growth rate (CAGR) of -12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -10.2% | +6.3% | +319.0% |
| 2015 | +63.5% | +49.2% | +63.9% |
| 2014 | -38.5% | -40.8% | +22.0% |
| 2013 | -34.9% | -33.6% | +20.9% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Glade Spring Volunteer Fire Department with a Mission Score of 75 out of 100 (Good). 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, Glade Spring Volunteer Fire Department 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.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $548, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation, indicating that its leadership is entirely volunteer-based, which is highly efficient for an organization of its size and mission.
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 Glade Spring Volunteer Fire Department's IRS 990 filings:
- Sudden and significant increase in liabilities to $64,382 in 2016 after reporting $0 in prior years, without explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering full spending efficiency analysis.
Strengths
The following positive indicators were identified for Glade Spring Volunteer Fire Department:
- Consistent filing of IRS Form 990s, indicating a commitment to transparency.
- 0% officer compensation, demonstrating a strong reliance on volunteer efforts and efficient use of funds.
- Significant growth in assets from $19,744 in 2012 to $199,898 in 2016, suggesting increased capacity or investment.
- Expenses closely align with revenue, indicating responsible financial management without large deficits.
Frequently Asked Questions about Glade Spring Volunteer Fire Department
Is Glade Spring Volunteer Fire Department a legitimate charity?
Based on AI analysis of IRS 990 filings, Glade Spring Volunteer Fire Department (EIN: 202545984) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Glade Spring Volunteer Fire Department spend its money?
Glade Spring Volunteer Fire Department directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glade Spring Volunteer Fire Department tax-deductible?
Glade Spring Volunteer Fire Department is registered as a tax-exempt nonprofit (EIN: 202545984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Glade Spring Volunteer Fire Department's spending goes to programs?
Glade Spring Volunteer Fire Department directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Glade Spring Volunteer Fire Department located?
Glade Spring Volunteer Fire Department is headquartered in Glade Spring, Virginia and files with the IRS under EIN 202545984.
How many years of IRS 990 filings does Glade Spring Volunteer Fire Department have?
Glade Spring Volunteer Fire Department has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the significant increase in liabilities to $64,382 in the 2016 fiscal period, after reporting $0 in previous years?
The provided data does not specify the nature of these liabilities, but it's a critical question for understanding the organization's financial health and future obligations.
What is the breakdown of program, administrative, and fundraising expenses for the Glade Spring Volunteer Fire Department?
Without this detailed breakdown, it's challenging to fully assess the organization's spending efficiency and how much of its budget directly supports its firefighting and emergency services.
How does the organization plan to manage or reduce the $64,382 in liabilities reported in 2016?
Understanding the repayment plan or strategy for these liabilities is important for evaluating the organization's long-term financial stability.
Filing History
IRS 990 filing history for Glade Spring Volunteer Fire Department showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2012–2016), Glade Spring Volunteer Fire Department's revenue has declined by 41.2%, moving from $187K to $110K. Total assets increased by 912.4% over the same period, from $20K to $200K. Total functional expenses fell by 37.6%, from $178K to $111K. In its most recent filing year (2016), Glade Spring Volunteer Fire Department reported a deficit of $548, with expenses exceeding revenue. The organization holds $64K in liabilities against $200K in assets (debt-to-asset ratio: 32.2%), resulting in net assets of $136K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $110K | $111K | $200K | $64K | — | — |
| 2015 | $123K | $104K | $48K | $0 | — | View 990 |
| 2014 | $75K | $70K | $29K | $0 | — | View 990 |
| 2013 | $122K | $118K | $24K | $0 | — | View 990 |
| 2012 | $187K | $178K | $20K | $0 | — | — |
Year-by-Year Financial Summary
- 2016: Revenue of $110K, expenses of $111K, and assets of $200K (revenue -10.2% year-over-year).
- 2015: Revenue of $123K, expenses of $104K, and assets of $48K (revenue +63.5% year-over-year).
- 2014: Revenue of $75K, expenses of $70K, and assets of $29K (revenue -38.5% year-over-year).
- 2013: Revenue of $122K, expenses of $118K, and assets of $24K (revenue -34.9% year-over-year).
- 2012: Revenue of $187K, expenses of $178K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glade Spring Volunteer Fire Department:
Data Sources and Methodology
This transparency report for Glade Spring Volunteer Fire Department 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.