Holland Township Volunteer Firecompany Inc
Holland Township Volunteer Firecompany: Consistent Operations, Low Reserves
EIN: 222320624 · Milford, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $203K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $237K |
| Transparency Score | 75/100 |
Is Holland Township Volunteer Firecompany Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Holland Township Volunteer Firecompany Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Holland Township Volunteer Firecompany Inc
Holland Township Volunteer Firecompany Inc (EIN: 222320624) is a nonprofit organization based in Milford, NJ. The organization reported total revenue of $230K and total assets of $431K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Holland Township Volunteer Firecompany Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Holland Township Volunteer Firecompany Inc is a small nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $203K |
| Surplus / Deficit | $-20,916 |
| Total Assets | $416K |
| Total Liabilities | $178K |
| Net Assets | $237K |
| Operating Margin | -11.5% |
| Debt-to-Asset Ratio | 42.9% |
| Months of Reserves | 24.6 months |
Financial Health Grade: B
In 2023, Holland Township Volunteer Firecompany Inc reported a deficit of $21K with expenses exceeding revenue, holds 24.6 months of operating reserves (strong position), has a debt-to-asset ratio of 42.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Holland Township Volunteer Firecompany Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.3% | +26.2% | -4.8% |
| 2022 | -0.5% | -1.8% | -6.7% |
| 2021 | -43.0% | +78.3% | -10.5% |
| 2020 | +48.7% | -54.1% | +67.0% |
| 2019 | -75.8% | -50.5% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1980 |
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 Holland Township Volunteer Firecompany Inc 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, Holland Township Volunteer Firecompany Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.9%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization.
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 Holland Township Volunteer Firecompany Inc's IRS 990 filings:
- Low liquidity: Liabilities ($178,354 in 2023) are a significant portion of assets ($430,589), indicating limited financial cushion.
- Declining assets: Total assets have decreased from $522,676 in 2020 to $430,589 in 2023.
- Revenue volatility: Significant fluctuations in revenue, from $811,379 in 2018 to $182,178 in 2023, suggest an unstable funding base.
Strengths
The following positive indicators were identified for Holland Township Volunteer Firecompany Inc:
- Consistent operational expenses: Expenses have remained relatively stable over the past few years, indicating predictable operational costs.
- Volunteer-led: The reported $0 executive compensation suggests a strong reliance on volunteer efforts, maximizing resource allocation to mission.
- Community presence: Long-standing operation in Milford, NJ, implies established community trust and engagement.
Frequently Asked Questions about Holland Township Volunteer Firecompany Inc
Is Holland Township Volunteer Firecompany Inc a legitimate charity?
Holland Township Volunteer Firecompany Inc (EIN: 222320624) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $230K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Holland Township Volunteer Firecompany Inc spend its money?
Holland Township Volunteer Firecompany Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Holland Township Volunteer Firecompany Inc tax-deductible?
Holland Township Volunteer Firecompany Inc is registered as a tax-exempt nonprofit (EIN: 222320624). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Holland Township Volunteer Firecompany Inc CEO make?
Holland Township Volunteer Firecompany Inc's highest-compensated officer earns $0 annually. The organization reported $230K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Holland Township Volunteer Firecompany Inc's spending goes to programs?
Holland Township Volunteer Firecompany Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Holland Township Volunteer Firecompany Inc located?
Holland Township Volunteer Firecompany Inc is headquartered in Milford, New Jersey and files with the IRS under EIN 222320624.
How many years of IRS 990 filings does Holland Township Volunteer Firecompany Inc have?
Holland Township Volunteer Firecompany 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 $230K in total revenue.
What does Holland Township Volunteer Firecompany Inc do?
Holland Township Volunteer Firecompany Inc is a nonprofit organization in the Unknown sector, located in Milford, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Holland Township Volunteer Firecompany Inc have?
Holland Township Volunteer Firecompany Inc reported total revenue of $230,056. Based on 13 IRS 990 filings on record.
What are Holland Township Volunteer Firecompany Inc's total assets?
Holland Township Volunteer Firecompany Inc holds total assets of $430,589 as reported in IRS 990 filings.
Where is Holland Township Volunteer Firecompany Inc located?
Holland Township Volunteer Firecompany Inc is based in Milford, New Jersey.
What is Holland Township Volunteer Firecompany Inc's EIN?
Holland Township Volunteer Firecompany Inc's Employer Identification Number (EIN) is 222320624. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Holland Township Volunteer Firecompany Inc?
Holland Township Volunteer Firecompany Inc is classified under NTEE code Unknown (Unknown).
Is Holland Township Volunteer Firecompany Inc a registered 501(c)(3)?
Holland Township Volunteer Firecompany Inc appears in IRS records (EIN: 222320624). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Holland Township Volunteer Firecompany Inc file IRS Form 990?
Yes, Holland Township Volunteer Firecompany Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Holland Township Volunteer Firecompany Inc's revenue in 2023?
In the 202312 filing period, Holland Township Volunteer Firecompany Inc reported total revenue of $182,178, total expenses of $203,094, and net assets of $415,636.
Is Holland Township Volunteer Firecompany Inc's revenue growing or declining?
Holland Township Volunteer Firecompany Inc's revenue is growing. Revenue went from $165,233 (202212) to $182,178 (202312), a +10.3% change. Based on 13 filings on record.
What is Holland Township Volunteer Firecompany Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Holland Township Volunteer Firecompany Inc covers tax period 202312. It shows revenue of $182,178, expenses of $203,094, total assets of $415,636, and liabilities of $178,354.
How much does Holland Township Volunteer Firecompany Inc spend on programs vs administration?
Based on IRS 990 analysis, Holland Township Volunteer Firecompany Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Holland Township Volunteer Firecompany Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Holland Township Volunteer Firecompany Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Holland Township Volunteer Firecompany Inc?
The following concerns were identified: Low liquidity: Liabilities ($178,354 in 2023) are a significant portion of assets ($430,589), indicating limited financial cushion.. Declining assets: Total assets have decreased from $522,676 in 2020 to $430,589 in 2023.. Revenue volatility: Significant fluctuations in revenue, from $811,379 in 2018 to $182,178 in 2023, suggest an unstable funding base.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Holland Township Volunteer Firecompany Inc's strengths?
Positive indicators for Holland Township Volunteer Firecompany Inc include: Consistent operational expenses: Expenses have remained relatively stable over the past few years, indicating predictable operational costs.. Volunteer-led: The reported $0 executive compensation suggests a strong reliance on volunteer efforts, maximizing resource allocation to mission.. Community presence: Long-standing operation in Milford, NJ, implies established community trust and engagement.. These findings are derived from AI analysis of the organization's financial filings.
How does Holland Township Volunteer Firecompany Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led organization. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant drop in revenue from $811,379 in 2018 to $182,178 in 2023, what strategies are in place to stabilize and increase funding?
The provided data does not detail specific fundraising strategies. The sharp decline suggests a potential over-reliance on a few large donations or events in earlier years, or a shift in fundraising approach that has not yet yielded consistent results.
With liabilities of $178,354 and total assets of $430,589 in 2023, what is the organization's plan to improve its financial liquidity and build reserves?
The current asset-to-liability ratio indicates a tight financial position. Without further information, it's unclear if there's a strategic plan to reduce debt or build unrestricted net assets to enhance financial resilience.
Filing History
IRS 990 filing history for Holland Township Volunteer Firecompany Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Holland Township Volunteer Firecompany Inc's revenue has grown by 13.6%, moving from $160K to $182K. Total assets decreased by 62.7% over the same period, from $1.1M to $416K. Total functional expenses rose by 66.5%, from $122K to $203K. In its most recent filing year (2023), Holland Township Volunteer Firecompany Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $178K in liabilities against $416K in assets (debt-to-asset ratio: 42.9%), resulting in net assets of $237K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $203K | $416K | $178K | — | — |
| 2022 | $165K | $161K | $437K | $178K | — | View 990 |
| 2021 | $166K | $164K | $468K | $151K | — | View 990 |
| 2020 | $292K | $92K | $523K | $209K | — | View 990 |
| 2019 | $196K | $200K | $313K | $293K | — | View 990 |
| 2018 | $811K | $404K | $320K | $0 | — | View 990 |
| 2017 | $168K | $175K | $316K | $0 | — | View 990 |
| 2016 | $166K | $169K | $324K | $51K | — | View 990 |
| 2015 | $185K | $173K | $315K | $80K | — | View 990 |
| 2014 | $150K | $183K | $362K | $139K | — | View 990 |
| 2013 | $147K | $252K | $441K | $184K | — | View 990 |
| 2012 | $138K | $95K | $1.1M | $98K | — | View 990 |
| 2011 | $160K | $122K | $1.1M | $123K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $182K, expenses of $203K, and assets of $416K (revenue +10.3% year-over-year).
- 2022: Revenue of $165K, expenses of $161K, and assets of $437K (revenue -0.5% year-over-year).
- 2021: Revenue of $166K, expenses of $164K, and assets of $468K (revenue -43.0% year-over-year).
- 2020: Revenue of $292K, expenses of $92K, and assets of $523K (revenue +48.7% year-over-year).
- 2019: Revenue of $196K, expenses of $200K, and assets of $313K (revenue -75.8% year-over-year).
- 2018: Revenue of $811K, expenses of $404K, and assets of $320K (revenue +384.0% year-over-year).
- 2017: Revenue of $168K, expenses of $175K, and assets of $316K (revenue +1.0% year-over-year).
- 2016: Revenue of $166K, expenses of $169K, and assets of $324K (revenue -10.2% year-over-year).
- 2015: Revenue of $185K, expenses of $173K, and assets of $315K (revenue +23.2% year-over-year).
- 2014: Revenue of $150K, expenses of $183K, and assets of $362K (revenue +1.7% year-over-year).
- 2013: Revenue of $147K, expenses of $252K, and assets of $441K (revenue +6.5% year-over-year).
- 2012: Revenue of $138K, expenses of $95K, and assets of $1.1M (revenue -13.6% year-over-year).
- 2011: Revenue of $160K, expenses of $122K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Holland Township Volunteer Firecompany Inc:
Data Sources and Methodology
This transparency report for Holland Township Volunteer Firecompany 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.