Glenwood Volunteer Fire Department Inc
Glenwood Volunteer Fire Department Inc consistently operates with volunteer leadership and growing assets.
EIN: 203011561 · Glenwood, IN · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $152K |
| Total Expenses | $90K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $230K |
| Transparency Score | 92/100 |
Is Glenwood Volunteer Fire Department Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glenwood Volunteer Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glenwood Volunteer Fire Department Inc
Glenwood Volunteer Fire Department Inc (EIN: 203011561) is a nonprofit organization based in Glenwood, IN, classified under NTEE code M24. The organization reported total revenue of $152K and total assets of $280K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glenwood Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glenwood Volunteer Fire Department Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118K |
| Total Expenses | $90K |
| Surplus / Deficit | +$28K |
| Total Assets | $248K |
| Total Liabilities | $18K |
| Net Assets | $230K |
| Operating Margin | 23.8% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 33.1 months |
Financial Health Grade: A
In 2023, Glenwood Volunteer Fire Department Inc reported a surplus of $28K with revenue exceeding expenses, holds 33.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glenwood Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.6% | -36.0% | +7.9% |
| 2022 | -11.9% | +44.1% | -10.4% |
| 2021 | +30.5% | +53.7% | +46.3% |
| 2020 | +16.1% | -13.0% | +33.7% |
| 2019 | +19.2% | +24.1% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 6100 |
| 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 Glenwood Volunteer Fire Department Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Glenwood Volunteer Fire Department Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is entirely volunteer-led at the officer level, which is highly commendable for an organization of its size with revenues around $100,000-$150,000 annually.
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 Glenwood Volunteer Fire Department Inc:
- 0% Officer Compensation: All officers are volunteers, ensuring funds are directed to the mission.
- Consistent Asset Growth: Assets increased from $131,292 in 2019 to $248,161 in 2023, indicating financial health and capacity building.
- Stable Revenue Stream: Annual revenues consistently above $100,000 in recent years, demonstrating community support.
- Effective Liability Management: Liabilities reduced from $38,193 in 2021 to $18,194 in 2023.
- Long Filing History: 13 filings provide extensive financial transparency and historical data.
Frequently Asked Questions about Glenwood Volunteer Fire Department Inc
Is Glenwood Volunteer Fire Department Inc a legitimate charity?
Glenwood Volunteer Fire Department Inc (EIN: 203011561) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $152K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Glenwood Volunteer Fire Department Inc spend its money?
Glenwood Volunteer Fire Department Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Glenwood Volunteer Fire Department Inc tax-deductible?
Glenwood Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 203011561). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Glenwood Volunteer Fire Department Inc CEO make?
Glenwood Volunteer Fire Department Inc's highest-compensated officer earns $100,000 annually. The organization reported $152K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Glenwood Volunteer Fire Department Inc's spending goes to programs?
Glenwood Volunteer Fire Department Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Glenwood Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Glenwood Volunteer Fire Department Inc 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 Glenwood Volunteer Fire Department Inc located?
Glenwood Volunteer Fire Department Inc is headquartered in Glenwood, Indiana and files with the IRS under EIN 203011561. It is classified under NTEE code M24.
How many years of IRS 990 filings does Glenwood Volunteer Fire Department Inc have?
Glenwood Volunteer Fire Department Inc 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 $152K in total revenue.
Is Glenwood Volunteer Fire Department Inc a good charity?
Based on the provided data, Glenwood Volunteer Fire Department Inc appears to be a very good charity. It consistently operates with 0% officer compensation, indicating strong volunteer commitment, and has shown consistent asset growth, suggesting sound financial management and reinvestment in its mission.
How has the organization's financial stability changed over time?
The organization's financial stability has generally improved. Assets have grown from $101,969 in 2016 to $248,161 in 2023, and liabilities have been managed effectively, reducing from $38,193 in 2021 to $18,194 in 2023, indicating increasing financial strength.
What is the trend in revenue and expenses?
Revenue has fluctuated but generally trended upwards, from $61,660 in 2016 to $118,256 in 2023. Expenses have also varied, with the organization operating at a surplus in most recent years, such as in 2023 where expenses were $90,062 against $118,256 in revenue.
Filing History
IRS 990 filing history for Glenwood Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glenwood Volunteer Fire Department Inc's revenue has grown by 36.8%, moving from $86K to $118K. Total assets increased by 34.9% over the same period, from $184K to $248K. Total functional expenses fell by 26.8%, from $123K to $90K. In its most recent filing year (2023), Glenwood Volunteer Fire Department Inc reported a surplus of $28K, with revenue exceeding expenses. The organization holds $18K in liabilities against $248K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $230K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118K | $90K | $248K | $18K | — | — |
| 2022 | $124K | $141K | $230K | $28K | — | View 990 |
| 2021 | $141K | $98K | $257K | $38K | — | View 990 |
| 2020 | $108K | $64K | $176K | $0 | — | — |
| 2019 | $93K | $73K | $131K | $0 | — | View 990 |
| 2018 | $78K | $59K | $125K | $13K | — | View 990 |
| 2017 | $97K | $81K | $112K | $20K | — | View 990 |
| 2016 | $62K | $65K | $102K | $26K | — | View 990 |
| 2015 | $68K | $85K | $109K | $32K | — | View 990 |
| 2014 | $83K | $133K | $132K | $38K | — | View 990 |
| 2013 | $98K | $105K | $188K | $44K | — | View 990 |
| 2012 | $104K | $115K | $169K | $18K | — | View 990 |
| 2011 | $86K | $123K | $184K | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118K, expenses of $90K, and assets of $248K (revenue -4.6% year-over-year).
- 2022: Revenue of $124K, expenses of $141K, and assets of $230K (revenue -11.9% year-over-year).
- 2021: Revenue of $141K, expenses of $98K, and assets of $257K (revenue +30.5% year-over-year).
- 2020: Revenue of $108K, expenses of $64K, and assets of $176K (revenue +16.1% year-over-year).
- 2019: Revenue of $93K, expenses of $73K, and assets of $131K (revenue +19.2% year-over-year).
- 2018: Revenue of $78K, expenses of $59K, and assets of $125K (revenue -19.9% year-over-year).
- 2017: Revenue of $97K, expenses of $81K, and assets of $112K (revenue +57.9% year-over-year).
- 2016: Revenue of $62K, expenses of $65K, and assets of $102K (revenue -10.0% year-over-year).
- 2015: Revenue of $68K, expenses of $85K, and assets of $109K (revenue -17.5% year-over-year).
- 2014: Revenue of $83K, expenses of $133K, and assets of $132K (revenue -15.4% year-over-year).
- 2013: Revenue of $98K, expenses of $105K, and assets of $188K (revenue -5.9% year-over-year).
- 2012: Revenue of $104K, expenses of $115K, and assets of $169K (revenue +20.6% year-over-year).
- 2011: Revenue of $86K, expenses of $123K, and assets of $184K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glenwood Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Glenwood Volunteer Fire Department 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.