Highmore Volunteer Fire Dept Inc

Highmore Volunteer Fire Dept Inc consistently maintains financial surplus and growing assets with zero officer compensation.

EIN: 20672951 · Highmore, SD · NTEE: M24 · Updated: 2026-03-28

$229KRevenue

$1.1MAssets

95/100Mission Score (Excellent)

M24

About Highmore Volunteer Fire Dept Inc

Highmore Volunteer Fire Dept Inc (EIN: 20672951) is a nonprofit organization based in Highmore, SD, classified under NTEE code M24. The organization reported total revenue of $229K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Highmore Volunteer Fire Dept Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Highmore Volunteer Fire Dept Inc demonstrates strong financial health and efficient spending, consistently operating with a surplus in recent years. For example, in 2023, revenue was $231,036 against expenses of $112,335, indicating a significant reinvestment into assets or reserves. The organization's assets have shown consistent growth, increasing from $604,715 in 2014 to $953,167 in 2023, suggesting sound financial management and capacity building. 

The organization's spending efficiency is commendable, with expenses consistently well below revenue, allowing for asset accumulation. The absence of reported liabilities across all filings further underscores a robust financial position. Transparency is high given the consistent filing of IRS Form 990s and the clear reporting of zero officer compensation, which indicates that leadership is volunteer-based, aligning well with its mission as a volunteer fire department.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Highmore Volunteer Fire Dept Inc 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, Highmore Volunteer Fire Dept Inc 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based. This is a strong positive for a volunteer fire department, demonstrating a commitment to directing all resources towards its mission rather than administrative 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 Highmore Volunteer Fire Dept Inc:

Consistent financial surplus, e.g., $231,036 revenue vs. $112,335 expenses in 2023.
Steady growth in assets, from $604,715 in 2014 to $953,167 in 2023.
Zero reported liabilities across all filing periods.
0% officer compensation, indicating a volunteer-driven leadership.
Strong program efficiency with expenses consistently well below revenue.

Frequently Asked Questions about Highmore Volunteer Fire Dept Inc

Is Highmore Volunteer Fire Dept Inc a good charity?

Yes, based on the IRS 990 data, Highmore Volunteer Fire Dept Inc appears to be a very good charity. It consistently operates with a financial surplus, has growing assets, no liabilities, and reports 0% officer compensation, indicating efficient use of funds and strong volunteer commitment.

How has the organization's financial health changed over time?

The organization's financial health has steadily improved. Revenue has generally increased, and expenses have remained well below revenue in recent years, leading to consistent asset growth from $604,715 in 2014 to $953,167 in 2023, with no reported liabilities.

What is the organization's approach to executive compensation?

The organization has a strong commitment to volunteerism, as evidenced by 0% officer compensation reported in all available filings. This means no salaries are paid to its officers, ensuring all funds are directed towards operational needs and mission fulfillment.

Filing History

IRS 990 filing history for Highmore Volunteer Fire Dept Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Highmore Volunteer Fire Dept Inc's revenue has grown by 36.2%, moving from $170K to $231K. Total assets increased by 25% over the same period, from $763K to $953K. Total functional expenses fell by 43.1%, from $198K to $112K. In its most recent filing year (2023), Highmore Volunteer Fire Dept Inc reported a surplus of $119K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$231K	$112K	$953K	$0	—	View 990
2022	$220K	$108K	$834K	$0	—	—
2021	$152K	$92K	$723K	$0	—	View 990
2020	$142K	$84K	$664K	$0	—	—
2019	$162K	$162K	$610K	$0	—	View 990
2018	$136K	$131K	$614K	$0	—	View 990
2017	$134K	$116K	$613K	$0	—	View 990
2016	$187K	$155K	$600K	$0	—	View 990
2015	$155K	$181K	$574K	$0	—	View 990
2014	$137K	$126K	$605K	$0	—	View 990
2013	$99K	$159K	$599K	$0	—	View 990
2012	$114K	$222K	$654K	$0	—	View 990
2011	$170K	$198K	$763K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $231K, expenses of $112K, and assets of $953K (revenue +5.1% year-over-year).
2022: Revenue of $220K, expenses of $108K, and assets of $834K (revenue +44.8% year-over-year).
2021: Revenue of $152K, expenses of $92K, and assets of $723K (revenue +6.6% year-over-year).
2020: Revenue of $142K, expenses of $84K, and assets of $664K (revenue -12.0% year-over-year).
2019: Revenue of $162K, expenses of $162K, and assets of $610K (revenue +18.7% year-over-year).
2018: Revenue of $136K, expenses of $131K, and assets of $614K (revenue +2.1% year-over-year).
2017: Revenue of $134K, expenses of $116K, and assets of $613K (revenue -28.5% year-over-year).
2016: Revenue of $187K, expenses of $155K, and assets of $600K (revenue +20.7% year-over-year).
2015: Revenue of $155K, expenses of $181K, and assets of $574K (revenue +13.2% year-over-year).
2014: Revenue of $137K, expenses of $126K, and assets of $605K (revenue +38.0% year-over-year).
2013: Revenue of $99K, expenses of $159K, and assets of $599K (revenue -12.8% year-over-year).
2012: Revenue of $114K, expenses of $222K, and assets of $654K (revenue -33.0% year-over-year).
2011: Revenue of $170K, expenses of $198K, and assets of $763K.

Data Sources and Methodology

This transparency report for Highmore Volunteer Fire Dept 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.