Hot Springs Volunteer Fire & Rescue Association Inc
EIN: 541233119 · Hot Springs, VA · NTEE: M24
Is Hot Springs Volunteer Fire & Rescue Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hot Springs Volunteer Fire & Rescue Association Inc
Hot Springs Volunteer Fire & Rescue Association Inc (EIN: 541233119) is a nonprofit organization based in Hot Springs, VA, classified under NTEE code M24. The organization reported total revenue of $199K and total assets of $1.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hot Springs Volunteer Fire & Rescue Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hot Springs Volunteer Fire & Rescue Association Inc is a small nonprofit that has been operating for 12 years, with 7 years of IRS 990 filings on record (2014–2021). Revenue has grown at a compound annual rate of -7.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $199K |
| Total Expenses | $278K |
| Surplus / Deficit | $-78,602 |
| Total Assets | $1.0M |
| Net Assets | $1.0M |
| Operating Margin | -39.5% |
| Months of Reserves | 45.3 months |
Financial Health Grade: B
In 2021, Hot Springs Volunteer Fire & Rescue Association Inc reported a deficit of $79K with expenses exceeding revenue, holds 45.3 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2014–2021), Hot Springs Volunteer Fire & Rescue Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +21.8% | +22.8% | -7.0% |
| 2020 | +59.3% | +1.7% | -5.3% |
| 2019 | -82.0% | -0.9% | -20.1% |
| 2017 | +329.3% | -1.0% | +33.0% |
| 2016 | -67.3% | +34.7% | — |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hot Springs Volunteer Fire & Rescue Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Hot Springs Volunteer Fire & Rescue Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $79K, with expenses exceeding revenue.
Frequently Asked Questions about Hot Springs Volunteer Fire & Rescue Association Inc
Is Hot Springs Volunteer Fire & Rescue Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hot Springs Volunteer Fire & Rescue Association Inc (EIN: 541233119) insufficient data. 0 red flags identified, 0 strengths noted.
How does Hot Springs Volunteer Fire & Rescue Association Inc spend its money?
Detailed spending breakdown data is not yet available for Hot Springs Volunteer Fire & Rescue Association Inc. Check back for updated IRS 990 analysis.
Are donations to Hot Springs Volunteer Fire & Rescue Association Inc tax-deductible?
Hot Springs Volunteer Fire & Rescue Association Inc is registered as a tax-exempt nonprofit (EIN: 541233119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Hot Springs Volunteer Fire & Rescue Association Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2014–2021), Hot Springs Volunteer Fire & Rescue Association Inc's revenue has declined by 43.5%, moving from $352K to $199K. Total assets increased by 7.5% over the same period, from $976K to $1.0M. Total functional expenses rose by 82.7%, from $152K to $278K. In its most recent filing year (2021), Hot Springs Volunteer Fire & Rescue Association Inc reported a deficit of $79K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $199K | $278K | $1.0M | $0 | — | — |
| 2020 | $163K | $226K | $1.1M | $0 | — | View 990 |
| 2019 | $103K | $222K | $1.2M | $0 | — | View 990 |
| 2017 | $570K | $224K | $1.5M | $0 | — | View 990 |
| 2016 | $133K | $227K | $1.1M | $0 | — | View 990 |
| 2015 | $406K | $168K | $0 | $0 | — | View 990 |
| 2014 | $352K | $152K | $976K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $199K, expenses of $278K, and assets of $1.0M (revenue +21.8% year-over-year).
- 2020: Revenue of $163K, expenses of $226K, and assets of $1.1M (revenue +59.3% year-over-year).
- 2019: Revenue of $103K, expenses of $222K, and assets of $1.2M (revenue -82.0% year-over-year).
- 2017: Revenue of $570K, expenses of $224K, and assets of $1.5M (revenue +329.3% year-over-year).
- 2016: Revenue of $133K, expenses of $227K, and assets of $1.1M (revenue -67.3% year-over-year).
- 2015: Revenue of $406K, expenses of $168K, and assets of $0 (revenue +15.3% year-over-year).
- 2014: Revenue of $352K, expenses of $152K, and assets of $976K.
Data Sources and Methodology
This transparency report for Hot Springs Volunteer Fire & Rescue Association 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.