Lotts Creek Volunteer Fire Department Inc
EIN: 611195594 · Bulan, KY · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $30K |
| Total Expenses | $33K |
| Net Assets | $28K |
Is Lotts Creek Volunteer Fire Department Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lotts Creek Volunteer Fire Department Inc
Lotts Creek Volunteer Fire Department Inc (EIN: 611195594) is a nonprofit organization based in Bulan, KY, classified under NTEE code M24. The organization reported total revenue of $30K and total assets of $39K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lotts Creek Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lotts Creek Volunteer Fire Department Inc is a micro nonprofit that has been operating for 6 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $33K |
| Surplus / Deficit | $-15,788 |
| Total Assets | $28K |
| Net Assets | $28K |
| Operating Margin | -90.2% |
| Months of Reserves | 10.1 months |
Financial Health Grade: B
In 2023, Lotts Creek Volunteer Fire Department Inc reported a deficit of $16K with expenses exceeding revenue, holds 10.1 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2011–2023), Lotts Creek Volunteer Fire Department Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -70.4% | +33.2% | -36.0% |
| 2022 | +77.2% | -1.0% | +73.0% |
| 2021 | +119.1% | +56.1% | +8.6% |
| 2020 | -52.5% | -14.0% | -3.8% |
| 2019 | +127.5% | +63.0% | +21.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lotts Creek Volunteer Fire Department 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 Lotts Creek Volunteer Fire Department 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $16K, with expenses exceeding revenue.
Frequently Asked Questions about Lotts Creek Volunteer Fire Department Inc
Is Lotts Creek Volunteer Fire Department Inc a legitimate charity?
Lotts Creek Volunteer Fire Department Inc (EIN: 611195594) is a registered tax-exempt nonprofit based in Kentucky. It has 10 years of IRS 990 filings on record. Total revenue: $30K. No red flags identified. Financial health grade: B.
How does Lotts Creek Volunteer Fire Department Inc spend its money?
Lotts Creek Volunteer Fire Department Inc reported $30K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lotts Creek Volunteer Fire Department Inc tax-deductible?
Lotts Creek Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 611195594). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lotts Creek Volunteer Fire Department Inc located?
Lotts Creek Volunteer Fire Department Inc is headquartered in Bulan, Kentucky and files with the IRS under EIN 611195594. It is classified under NTEE code M24.
How many years of IRS 990 filings does Lotts Creek Volunteer Fire Department Inc have?
Lotts Creek Volunteer Fire Department Inc has 10 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 $30K in total revenue.
Filing History
IRS 990 filing history for Lotts Creek Volunteer Fire Department Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Lotts Creek Volunteer Fire Department Inc's revenue has declined by 41%, moving from $30K to $18K. Total assets decreased by 91.6% over the same period, from $334K to $28K. Total functional expenses rose by 215.3%, from $11K to $33K. In its most recent filing year (2023), Lotts Creek Volunteer Fire Department Inc reported a deficit of $16K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $33K | $28K | $0 | — | — |
| 2022 | $59K | $25K | $44K | $0 | — | View 990 |
| 2021 | $33K | $25K | $25K | $16K | — | — |
| 2020 | $15K | $16K | $23K | $22K | — | — |
| 2019 | $32K | $19K | $24K | $22K | — | View 990 |
| 2015 | $14K | $12K | $20K | $47K | — | View 990 |
| 2014 | $27K | $14K | $30K | $0 | — | View 990 |
| 2013 | $74K | $89K | $1 | $0 | — | View 990 |
| 2012 | $12K | $12K | $33K | $0 | — | View 990 |
| 2011 | $30K | $11K | $334K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $33K, and assets of $28K (revenue -70.4% year-over-year).
- 2022: Revenue of $59K, expenses of $25K, and assets of $44K (revenue +77.2% year-over-year).
- 2021: Revenue of $33K, expenses of $25K, and assets of $25K (revenue +119.1% year-over-year).
- 2020: Revenue of $15K, expenses of $16K, and assets of $23K (revenue -52.5% year-over-year).
- 2019: Revenue of $32K, expenses of $19K, and assets of $24K (revenue +127.5% year-over-year).
- 2015: Revenue of $14K, expenses of $12K, and assets of $20K (revenue -48.2% year-over-year).
- 2014: Revenue of $27K, expenses of $14K, and assets of $30K (revenue -63.3% year-over-year).
- 2013: Revenue of $74K, expenses of $89K, and assets of $1 (revenue +526.4% year-over-year).
- 2012: Revenue of $12K, expenses of $12K, and assets of $33K (revenue -60.0% year-over-year).
- 2011: Revenue of $30K, expenses of $11K, and assets of $334K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lotts Creek Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Lotts Creek Volunteer Fire Department 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.