Gordons Corner Fire Co
Gordons Corner Fire Co maintains strong assets despite recent operating deficits and no paid executive compensation.
EIN: 220024179 · Manalapan, NJ · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $196K |
| Total Expenses | $251K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 85/100 |
Is Gordons Corner Fire Co Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gordons Corner Fire Co directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gordons Corner Fire Co
Gordons Corner Fire Co (EIN: 220024179) is a nonprofit organization based in Manalapan, NJ, classified under NTEE code M24. The organization reported total revenue of $196K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gordons Corner Fire Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gordons Corner Fire Co is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $179K |
| Total Expenses | $251K |
| Surplus / Deficit | $-71,929 |
| Total Assets | $1.2M |
| Total Liabilities | $178K |
| Net Assets | $1.1M |
| Operating Margin | -40.1% |
| Debt-to-Asset Ratio | 14.4% |
| Months of Reserves | 59.4 months |
Financial Health Grade: B
In 2023, Gordons Corner Fire Co reported a deficit of $72K with expenses exceeding revenue, holds 59.4 months of operating reserves (strong position), has a debt-to-asset ratio of 14.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Gordons Corner Fire Co's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -41.1% | -9.4% | -7.6% |
| 2022 | -1.2% | +19.8% | -2.5% |
| 2021 | -2.3% | +2.8% | +1.3% |
| 2020 | +12.1% | -4.3% | +0.3% |
| 2019 | +15.6% | +8.6% | -0.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Gordons Corner 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Gordons Corner Fire Co 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $72K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is run by volunteers, which is common for fire companies and reflects efficient use of funds.
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 Gordons Corner Fire Co's IRS 990 filings:
- Operating deficits in multiple recent years (e.g., $71,929 in 2023, $27,193 in 2022) suggest reliance on reserves or inconsistent revenue streams.
Strengths
The following positive indicators were identified for Gordons Corner Fire Co:
- Strong asset base ($1,243,369 in 2023) provides financial stability and long-term capacity.
- No officer compensation reported across all filings, indicating a volunteer-driven model and efficient use of funds.
- Consistent IRS 990 filing history demonstrates transparency and compliance.
- Significant reduction in liabilities from $466,521 in 2018 to $178,462 in 2023, improving financial leverage.
Frequently Asked Questions about Gordons Corner Fire Co
Is Gordons Corner Fire Co a legitimate charity?
Gordons Corner Fire Co (EIN: 220024179) 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: $196K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Gordons Corner Fire Co spend its money?
Gordons Corner Fire Co directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Gordons Corner Fire Co tax-deductible?
Gordons Corner Fire Co is registered as a tax-exempt nonprofit (EIN: 220024179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gordons Corner Fire Co's spending goes to programs?
Gordons Corner Fire Co directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Gordons Corner Fire Co compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Gordons Corner Fire Co 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 Gordons Corner Fire Co located?
Gordons Corner Fire Co is headquartered in Manalapan, New Jersey and files with the IRS under EIN 220024179. It is classified under NTEE code M24.
How many years of IRS 990 filings does Gordons Corner Fire Co have?
Gordons Corner 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 $196K in total revenue.
Is Gordons Corner Fire Co a good charity?
Based on the available financial data, Gordons Corner Fire Co appears to be a well-managed volunteer organization with a strong asset base and no paid executive compensation, indicating a high dedication to its mission. While it has experienced operating deficits in some years, its overall financial health remains robust.
How does the organization fund its operations?
The organization generates revenue, which has fluctuated between $162,354 (2015) and $315,287 (2020). Given its nature as a volunteer fire company, revenue likely comes from a mix of community donations, local government support, and fundraising activities.
What is the trend in the organization's financial health?
While revenue and expenses have fluctuated, the organization has consistently maintained a strong asset base, generally above $1 million, and has significantly reduced its liabilities from a high of $466,521 in 2018 to $178,462 in 2023, indicating improving financial stability over time.
Filing History
IRS 990 filing history for Gordons Corner Fire Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Gordons Corner Fire Co's revenue has declined by 44%, moving from $320K to $179K. Total assets increased by 8.2% over the same period, from $1.1M to $1.2M. Total functional expenses rose by 123.5%, from $112K to $251K. In its most recent filing year (2023), Gordons Corner Fire Co reported a deficit of $72K, with expenses exceeding revenue. The organization holds $178K in liabilities against $1.2M in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $179K | $251K | $1.2M | $178K | — | — |
| 2022 | $304K | $277K | $1.3M | $208K | — | View 990 |
| 2021 | $308K | $231K | $1.4M | $270K | — | — |
| 2020 | $315K | $225K | $1.4M | $328K | — | — |
| 2019 | $281K | $235K | $1.4M | $414K | — | View 990 |
| 2018 | $243K | $216K | $1.4M | $467K | — | View 990 |
| 2017 | $212K | $213K | $1.1M | $237K | — | — |
| 2016 | $239K | $252K | $1.1M | $274K | — | View 990 |
| 2015 | $162K | $188K | $1.2M | $311K | — | View 990 |
| 2014 | $175K | $202K | $1.3M | $346K | — | View 990 |
| 2013 | $195K | $210K | $1.3M | $378K | — | View 990 |
| 2012 | $77K | $164K | $1.3M | $313K | — | View 990 |
| 2011 | $320K | $112K | $1.1M | $111K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $179K, expenses of $251K, and assets of $1.2M (revenue -41.1% year-over-year).
- 2022: Revenue of $304K, expenses of $277K, and assets of $1.3M (revenue -1.2% year-over-year).
- 2021: Revenue of $308K, expenses of $231K, and assets of $1.4M (revenue -2.3% year-over-year).
- 2020: Revenue of $315K, expenses of $225K, and assets of $1.4M (revenue +12.1% year-over-year).
- 2019: Revenue of $281K, expenses of $235K, and assets of $1.4M (revenue +15.6% year-over-year).
- 2018: Revenue of $243K, expenses of $216K, and assets of $1.4M (revenue +14.8% year-over-year).
- 2017: Revenue of $212K, expenses of $213K, and assets of $1.1M (revenue -11.4% year-over-year).
- 2016: Revenue of $239K, expenses of $252K, and assets of $1.1M (revenue +47.3% year-over-year).
- 2015: Revenue of $162K, expenses of $188K, and assets of $1.2M (revenue -7.3% year-over-year).
- 2014: Revenue of $175K, expenses of $202K, and assets of $1.3M (revenue -10.2% year-over-year).
- 2013: Revenue of $195K, expenses of $210K, and assets of $1.3M (revenue +151.7% year-over-year).
- 2012: Revenue of $77K, expenses of $164K, and assets of $1.3M (revenue -75.8% year-over-year).
- 2011: Revenue of $320K, expenses of $112K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gordons Corner Fire Co:
Data Sources and Methodology
This transparency report for Gordons Corner 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.