Lanoka Harbor Volunteer Fire Co No 1 Inc
Lanoka Harbor Volunteer Fire Co No 1 Inc: Consistent Revenue, Minimal Liabilities
EIN: 222099308 · Lanoka Harbor, NJ · NTEE: M24Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $164K |
| Total Expenses | $114K |
| Program Spending | 70% |
| Net Assets | $479K |
| Transparency Score | 75/100 |
Is Lanoka Harbor Volunteer Fire Co No 1 Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lanoka Harbor Volunteer Fire Co No 1 Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lanoka Harbor Volunteer Fire Co No 1 Inc
Lanoka Harbor Volunteer Fire Co No 1 Inc (EIN: 222099308) is a nonprofit organization based in Lanoka Harbor, NJ, classified under NTEE code M24Z. The organization reported total revenue of $164K and total assets of $577K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lanoka Harbor Volunteer Fire Co No 1 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lanoka Harbor Volunteer Fire Co No 1 Inc is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $114K |
| Surplus / Deficit | +$30K |
| Total Assets | $524K |
| Total Liabilities | $45K |
| Net Assets | $479K |
| Operating Margin | 20.9% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 55.2 months |
Financial Health Grade: A
In 2023, Lanoka Harbor Volunteer Fire Co No 1 Inc reported a surplus of $30K with revenue exceeding expenses, holds 55.2 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lanoka Harbor Volunteer Fire Co No 1 Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.5% | -12.0% | +11.5% |
| 2022 | -8.3% | +18.6% | -0.4% |
| 2021 | +113.1% | +33.4% | +19.8% |
| 2020 | -23.1% | -9.1% | +1.5% |
| 2019 | +81.2% | +96.0% | +6.6% |
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 Lanoka Harbor Volunteer Fire Co No 1 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Lanoka Harbor Volunteer Fire Co No 1 Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no reported compensation for key employees, which is common for volunteer organizations.
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 Lanoka Harbor Volunteer Fire Co No 1 Inc:
- Consistent asset growth over the past several years.
- Strong financial position with minimal to no reported liabilities.
- Stable revenue streams, indicating reliable community support or funding.
- Operates as a volunteer organization, likely maximizing program efficiency by minimizing personnel costs.
Frequently Asked Questions about Lanoka Harbor Volunteer Fire Co No 1 Inc
Is Lanoka Harbor Volunteer Fire Co No 1 Inc a legitimate charity?
Lanoka Harbor Volunteer Fire Co No 1 Inc (EIN: 222099308) 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: $164K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Lanoka Harbor Volunteer Fire Co No 1 Inc spend its money?
Lanoka Harbor Volunteer Fire Co No 1 Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Lanoka Harbor Volunteer Fire Co No 1 Inc tax-deductible?
Lanoka Harbor Volunteer Fire Co No 1 Inc is registered as a tax-exempt nonprofit (EIN: 222099308). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lanoka Harbor Volunteer Fire Co No 1 Inc's spending goes to programs?
Lanoka Harbor Volunteer Fire Co No 1 Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Lanoka Harbor Volunteer Fire Co No 1 Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Lanoka Harbor Volunteer Fire Co No 1 Inc is above average for NTEE category M24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lanoka Harbor Volunteer Fire Co No 1 Inc located?
Lanoka Harbor Volunteer Fire Co No 1 Inc is headquartered in Lanoka Harbor, New Jersey and files with the IRS under EIN 222099308. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Lanoka Harbor Volunteer Fire Co No 1 Inc have?
Lanoka Harbor Volunteer Fire Co No 1 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 $164K in total revenue.
What does Lanoka Harbor Volunteer Fire Co No 1 Inc do?
Lanoka Harbor Volunteer Fire Co No 1 Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Lanoka Harbor, New Jersey. It is classified under NTEE code M24Z.
How much revenue does Lanoka Harbor Volunteer Fire Co No 1 Inc have?
Lanoka Harbor Volunteer Fire Co No 1 Inc reported total revenue of $163,702. Based on 13 IRS 990 filings on record.
What are Lanoka Harbor Volunteer Fire Co No 1 Inc's total assets?
Lanoka Harbor Volunteer Fire Co No 1 Inc holds total assets of $577,198 as reported in IRS 990 filings.
Where is Lanoka Harbor Volunteer Fire Co No 1 Inc located?
Lanoka Harbor Volunteer Fire Co No 1 Inc is based in Lanoka Harbor, New Jersey.
What is Lanoka Harbor Volunteer Fire Co No 1 Inc's EIN?
Lanoka Harbor Volunteer Fire Co No 1 Inc's Employer Identification Number (EIN) is 222099308. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lanoka Harbor Volunteer Fire Co No 1 Inc?
Lanoka Harbor Volunteer Fire Co No 1 Inc is classified under NTEE code M24Z (Public Safety & Disaster Preparedness).
Is Lanoka Harbor Volunteer Fire Co No 1 Inc a registered 501(c)(3)?
Yes, Lanoka Harbor Volunteer Fire Co No 1 Inc is recognized as a tax-exempt organization by the IRS. EIN: 222099308.
Does Lanoka Harbor Volunteer Fire Co No 1 Inc file IRS Form 990?
Yes, Lanoka Harbor Volunteer Fire Co No 1 Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Lanoka Harbor Volunteer Fire Co No 1 Inc's revenue in 2023?
In the 202312 filing period, Lanoka Harbor Volunteer Fire Co No 1 Inc reported total revenue of $144,232, total expenses of $114,021, and net assets of $524,387.
Is Lanoka Harbor Volunteer Fire Co No 1 Inc's revenue growing or declining?
Lanoka Harbor Volunteer Fire Co No 1 Inc's revenue is relatively stable. Revenue went from $144,995 (202212) to $144,232 (202312), a -0.5% change. Based on 13 filings on record.
What is Lanoka Harbor Volunteer Fire Co No 1 Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lanoka Harbor Volunteer Fire Co No 1 Inc covers tax period 202312. It shows revenue of $144,232, expenses of $114,021, total assets of $524,387, and liabilities of $45,000.
How much does Lanoka Harbor Volunteer Fire Co No 1 Inc spend on programs vs administration?
Based on IRS 990 analysis, Lanoka Harbor Volunteer Fire Co No 1 Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Lanoka Harbor Volunteer Fire Co No 1 Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lanoka Harbor Volunteer Fire Co No 1 Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Lanoka Harbor Volunteer Fire Co No 1 Inc's strengths?
Positive indicators for Lanoka Harbor Volunteer Fire Co No 1 Inc include: Consistent asset growth over the past several years.. Strong financial position with minimal to no reported liabilities.. Stable revenue streams, indicating reliable community support or funding.. Operates as a volunteer organization, likely maximizing program efficiency by minimizing personnel costs.. These findings are derived from AI analysis of the organization's financial filings.
How does Lanoka Harbor Volunteer Fire Co No 1 Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the 'c0%' in filings suggests no reported compensation for key employees, which is common for volunteer organizations. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the 'c0%' in the filings relate to the organization's operational model?
The 'c0%' likely indicates that the organization operates with an entirely volunteer staff, including its leadership, which significantly reduces administrative and personnel expenses and allows more funds to be directed towards its mission.
What factors contribute to the consistent growth in assets despite fluctuating revenues in some years?
The consistent asset growth, even with some revenue fluctuations, suggests effective financial management, potentially through prudent investment of surplus funds, successful fundraising campaigns that build reserves, or significant non-cash contributions like equipment donations.
Filing History
IRS 990 filing history for Lanoka Harbor Volunteer Fire Co No 1 Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lanoka Harbor Volunteer Fire Co No 1 Inc's revenue has grown by 62.6%, moving from $89K to $144K. Total assets increased by 43.8% over the same period, from $365K to $524K. Total functional expenses fell by 9.5%, from $126K to $114K. In its most recent filing year (2023), Lanoka Harbor Volunteer Fire Co No 1 Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $45K in liabilities against $524K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $479K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $144K | $114K | $524K | $45K | — | — |
| 2022 | $145K | $130K | $470K | $0 | — | — |
| 2021 | $158K | $109K | $472K | $0 | — | View 990 |
| 2020 | $74K | $82K | $394K | $0 | — | View 990 |
| 2019 | $97K | $90K | $388K | $0 | — | View 990 |
| 2018 | $53K | $46K | $364K | $0 | — | View 990 |
| 2017 | $50K | $53K | $379K | $0 | — | View 990 |
| 2016 | $54K | $78K | $382K | $8K | — | View 990 |
| 2015 | $61K | $80K | $411K | $13K | — | View 990 |
| 2014 | $49K | $62K | $440K | $19K | — | View 990 |
| 2013 | $54K | $65K | $452K | $20K | — | View 990 |
| 2012 | $278K | $88K | $530K | $27K | — | View 990 |
| 2011 | $89K | $126K | $365K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $144K, expenses of $114K, and assets of $524K (revenue -0.5% year-over-year).
- 2022: Revenue of $145K, expenses of $130K, and assets of $470K (revenue -8.3% year-over-year).
- 2021: Revenue of $158K, expenses of $109K, and assets of $472K (revenue +113.1% year-over-year).
- 2020: Revenue of $74K, expenses of $82K, and assets of $394K (revenue -23.1% year-over-year).
- 2019: Revenue of $97K, expenses of $90K, and assets of $388K (revenue +81.2% year-over-year).
- 2018: Revenue of $53K, expenses of $46K, and assets of $364K (revenue +5.8% year-over-year).
- 2017: Revenue of $50K, expenses of $53K, and assets of $379K (revenue -6.3% year-over-year).
- 2016: Revenue of $54K, expenses of $78K, and assets of $382K (revenue -11.3% year-over-year).
- 2015: Revenue of $61K, expenses of $80K, and assets of $411K (revenue +23.0% year-over-year).
- 2014: Revenue of $49K, expenses of $62K, and assets of $440K (revenue -8.7% year-over-year).
- 2013: Revenue of $54K, expenses of $65K, and assets of $452K (revenue -80.6% year-over-year).
- 2012: Revenue of $278K, expenses of $88K, and assets of $530K (revenue +213.8% year-over-year).
- 2011: Revenue of $89K, expenses of $126K, and assets of $365K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lanoka Harbor Volunteer Fire Co No 1 Inc:
Data Sources and Methodology
This transparency report for Lanoka Harbor Volunteer Fire Co No 1 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.