Hollis Firemens Association
Hollis Firemens Association maintains zero liabilities and officer compensation amidst fluctuating revenues and recent deficit.
EIN: 20370433 · Hollis, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41K |
| Total Expenses | $52K |
| Program Spending | 80% |
| Net Assets | $42K |
| Transparency Score | 85/100 |
Is Hollis Firemens Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hollis Firemens Association directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hollis Firemens Association
Hollis Firemens Association (EIN: 20370433) is a nonprofit organization based in Hollis, NH. The organization reported total revenue of $41K and total assets of $64K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hollis Firemens Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hollis Firemens Association is a micro nonprofit that has been operating for 42 years, with 6 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $39K |
| Total Expenses | $52K |
| Surplus / Deficit | $-13,026 |
| Total Assets | $42K |
| Net Assets | $42K |
| Operating Margin | -33.2% |
| Months of Reserves | 9.7 months |
Financial Health Grade: B
In 2024, Hollis Firemens Association reported a deficit of $13K with expenses exceeding revenue, holds 9.7 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2012–2024), Hollis Firemens Association's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +13.9% | +215.3% | -23.5% |
| 2023 | -55.0% | -76.2% | +47.8% |
| 2022 | +173.0% | +683.9% | -61.7% |
| 2014 | +0.7% | -6.5% | +24.4% |
| 2013 | +4.6% | -63.2% | +30.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
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 Hollis Firemens Association 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hollis Firemens Association allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization is run by volunteers and does not allocate any of its modest revenue to paid officers, which is commendable for an organization of its size.
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 Hollis Firemens Association's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202403), indicating a deficit for that period.
Strengths
The following positive indicators were identified for Hollis Firemens Association:
- Consistently reports zero liabilities across all filings, indicating strong financial solvency.
- Consistently reports 0% officer compensation, demonstrating a volunteer-driven model and efficient use of funds.
- Maintains a healthy asset base relative to its annual revenue, despite fluctuations.
- Long filing history (6 filings) suggests consistent operation and compliance.
Frequently Asked Questions about Hollis Firemens Association
Is Hollis Firemens Association a legitimate charity?
Hollis Firemens Association (EIN: 20370433) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 6 years of IRS 990 filings on record. Total revenue: $41K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Hollis Firemens Association spend its money?
Hollis Firemens Association directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hollis Firemens Association tax-deductible?
Hollis Firemens Association is registered as a tax-exempt nonprofit (EIN: 20370433). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hollis Firemens Association's spending goes to programs?
Hollis Firemens Association directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hollis Firemens Association located?
Hollis Firemens Association is headquartered in Hollis, New Hampshire and files with the IRS under EIN 20370433.
How many years of IRS 990 filings does Hollis Firemens Association have?
Hollis Firemens Association has 6 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 $41K in total revenue.
How does the Hollis Firemens Association cover its expenses when revenue is lower, as seen in the 202403 period?
In the 202403 period, the association's expenses ($52,314) exceeded its revenue ($39,288). This deficit would likely be covered by drawing down on accumulated assets, which decreased from $55,320 in 2023 to $42,294 in 2024.
What are the primary sources of revenue for the Hollis Firemens Association?
While specific sources are not detailed in the provided data, for an organization of this type, common revenue sources typically include community donations, membership dues, fundraising events, and potentially grants.
What specific programs or activities does the Hollis Firemens Association fund?
The provided data does not specify the programs. However, as a Firemens Association, typical activities would include supporting local fire departments, community safety initiatives, equipment purchases, and potentially benevolent aid to firefighters or their families.
Filing History
IRS 990 filing history for Hollis Firemens Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2012–2024), Hollis Firemens Association's revenue has grown by 47.4%, moving from $27K to $39K. Total assets decreased by 29.9% over the same period, from $60K to $42K. Total functional expenses rose by 102.2%, from $26K to $52K. In its most recent filing year (2024), Hollis Firemens Association reported a deficit of $13K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $39K | $52K | $42K | $0 | — | View 990 |
| 2023 | $34K | $17K | $55K | $0 | — | View 990 |
| 2022 | $77K | $70K | $37K | $0 | — | View 990 |
| 2014 | $28K | $9K | $98K | $0 | — | View 990 |
| 2013 | $28K | $10K | $79K | $0 | — | View 990 |
| 2012 | $27K | $26K | $60K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $39K, expenses of $52K, and assets of $42K (revenue +13.9% year-over-year).
- 2023: Revenue of $34K, expenses of $17K, and assets of $55K (revenue -55.0% year-over-year).
- 2022: Revenue of $77K, expenses of $70K, and assets of $37K (revenue +173.0% year-over-year).
- 2014: Revenue of $28K, expenses of $9K, and assets of $98K (revenue +0.7% year-over-year).
- 2013: Revenue of $28K, expenses of $10K, and assets of $79K (revenue +4.6% year-over-year).
- 2012: Revenue of $27K, expenses of $26K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hollis Firemens Association:
Data Sources and Methodology
This transparency report for Hollis Firemens Association 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.