Mahopac Volunteer Fire Department Inc

Mahopac Volunteer Fire Department shows strong financial health with growing assets and no officer compensation.

EIN: 141581281 · Mahopac, NY · NTEE: M24 · Updated: 2026-03-28

$2.3MRevenue

$10.8MAssets

92/100Mission Score (Excellent)

M24

About Mahopac Volunteer Fire Department Inc

Mahopac Volunteer Fire Department Inc (EIN: 141581281) is a nonprofit organization based in Mahopac, NY, classified under NTEE code M24. The organization reported total revenue of $2.3M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mahopac Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Mahopac Volunteer Fire Department Inc. demonstrates a generally stable financial position with consistent revenue streams and growing assets. In the latest filing (202312), the organization reported revenue of $3,461,383 against expenses of $1,312,414, resulting in a significant surplus. This surplus contributes to a healthy asset base, which has grown from $8,827,235 in 2014 to $10,754,597 in 2023. The organization's liabilities have also shown a positive trend, decreasing from $3,824,480 in 2014 to $1,270,630 in 2023, indicating improved financial management and reduced debt burden.

Spending efficiency appears strong, as evidenced by the substantial difference between revenue and expenses in recent years, particularly in 2023. The consistent reporting of 0% officer compensation across all available filings suggests a volunteer-driven leadership model, which is a positive indicator for donor confidence and efficient use of funds. While specific program spending details are not provided in the summary data, the overall financial health points to an organization capable of sustaining its operations.

Transparency is generally good, with a consistent history of 13 IRS 990 filings. The absence of officer compensation is a key transparency point. To further enhance transparency, a detailed breakdown of program, administrative, and fundraising expenses would be beneficial, allowing for a more granular assessment of how funds are allocated to their core mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mahopac Volunteer Fire Department Inc with a Mission Score of 92 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: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Mahopac Volunteer Fire Department Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with over $10 million in assets.

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 Mahopac Volunteer Fire Department Inc:

Consistent 0% officer compensation across all filings, indicating volunteer leadership.
Significant growth in assets from $8,827,235 in 2014 to $10,754,597 in 2023.
Substantial reduction in liabilities from $3,824,480 in 2014 to $1,270,630 in 2023.
Strong financial surplus in the latest filing (202312) with revenue of $3,461,383 against expenses of $1,312,414.
Consistent filing history with 13 IRS 990s, demonstrating good compliance.

Frequently Asked Questions about Mahopac Volunteer Fire Department Inc

Is Mahopac Volunteer Fire Department Inc. financially stable?

Yes, the organization appears financially stable. Its assets have grown to $10,754,597 in 2023, and liabilities have significantly decreased to $1,270,630 from $3,824,480 in 2014. The 2023 filing also shows a substantial surplus of $2,148,969 (Revenue $3,461,383 - Expenses $1,312,414).

How does the organization manage its leadership compensation?

The organization reports 0% officer compensation across all 13 available IRS 990 filings, indicating a fully volunteer leadership structure.

Has the organization's financial health improved over the last decade?

Yes, the organization's financial health has improved. Assets have increased from $8,827,235 in 2014 to $10,754,597 in 2023, and liabilities have significantly decreased from $3,824,480 in 2014 to $1,270,630 in 2023, demonstrating stronger financial management and equity.

Filing History

IRS 990 filing history for Mahopac Volunteer Fire Department Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mahopac Volunteer Fire Department Inc's revenue has grown by 59.5%, moving from $2.2M to $3.5M. Total assets increased by 5.9% over the same period, from $10.2M to $10.8M. Total functional expenses fell by 31.7%, from $1.9M to $1.3M. In its most recent filing year (2023), Mahopac Volunteer Fire Department Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $10.8M in assets (debt-to-asset ratio: 11.8%), resulting in net assets of $9.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$3.5M	$1.3M	$10.8M	$1.3M	—	—
2022	$1.9M	$1.3M	$9.0M	$1.7M	—	View 990
2021	$1.6M	$1.2M	$9.4M	$2.1M	—	View 990
2020	$1.4M	$1.1M	$9.3M	$2.5M	—	—
2019	$1.8M	$1.2M	$9.5M	$2.9M	—	View 990
2018	$1.4M	$1.4M	$9.3M	$3.3M	—	View 990
2017	$1.3M	$1.1M	$8.8M	$2.9M	—	View 990
2016	$1.4M	$1.1M	$8.8M	$3.2M	—	View 990
2015	$2.9M	$1.8M	$9.0M	$3.6M	—	View 990
2014	$2.1M	$2.1M	$8.8M	$3.8M	—	View 990
2013	$1.9M	$2.2M	$9.2M	$4.2M	—	View 990
2012	$2.1M	$2.3M	$9.6M	$4.4M	—	View 990
2011	$2.2M	$1.9M	$10.2M	$4.7M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $3.5M, expenses of $1.3M, and assets of $10.8M (revenue +77.9% year-over-year).
2022: Revenue of $1.9M, expenses of $1.3M, and assets of $9.0M (revenue +24.9% year-over-year).
2021: Revenue of $1.6M, expenses of $1.2M, and assets of $9.4M (revenue +14.8% year-over-year).
2020: Revenue of $1.4M, expenses of $1.1M, and assets of $9.3M (revenue -22.5% year-over-year).
2019: Revenue of $1.8M, expenses of $1.2M, and assets of $9.5M (revenue +21.2% year-over-year).
2018: Revenue of $1.4M, expenses of $1.4M, and assets of $9.3M (revenue +8.2% year-over-year).
2017: Revenue of $1.3M, expenses of $1.1M, and assets of $8.8M (revenue -1.1% year-over-year).
2016: Revenue of $1.4M, expenses of $1.1M, and assets of $8.8M (revenue -54.2% year-over-year).
2015: Revenue of $2.9M, expenses of $1.8M, and assets of $9.0M (revenue +41.7% year-over-year).
2014: Revenue of $2.1M, expenses of $2.1M, and assets of $8.8M (revenue +8.5% year-over-year).
2013: Revenue of $1.9M, expenses of $2.2M, and assets of $9.2M (revenue -8.2% year-over-year).
2012: Revenue of $2.1M, expenses of $2.3M, and assets of $9.6M (revenue -3.8% year-over-year).
2011: Revenue of $2.2M, expenses of $1.9M, and assets of $10.2M.

Data Sources and Methodology

This transparency report for Mahopac 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.