Marmora Volunteer Fire Co Inc
Marmora Volunteer Fire Co Inc: Declining Revenue and Asset Trends Raise Sustainability Questions
EIN: 222949025 · Marmora, NJ · NTEE: M24 · Updated: 2026-04-04
About Marmora Volunteer Fire Co Inc
Marmora Volunteer Fire Co Inc (EIN: 222949025) is a nonprofit organization based in Marmora, NJ, classified under NTEE code M24. The organization reported total revenue of $277K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Marmora Volunteer Fire Co Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Marmora Volunteer Fire Co 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Marmora Volunteer Fire Co Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is not a concern as the organization consistently reports $0 for all officers, directors, trustees, and key employees, indicating a fully volunteer-led structure.
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 Marmora Volunteer Fire Co Inc's IRS 990 filings:
- Total revenue has shown a significant downward trend, decreasing from $695,179 in 2019 to $276,626 in 2023, which could impact long-term operational capacity.
- Total assets have steadily declined from $2,007,543 in 2016 to $1,273,537 in 2023, suggesting potential asset depletion or lack of reinvestment.
- The organization's net assets (assets minus liabilities) have also decreased over time, from $664,258 in 2016 to $719,209 in 2023 (calculated from provided data), indicating a weakening financial position.
Strengths
The following positive indicators were identified for Marmora Volunteer Fire Co Inc:
- The organization operates with a fully volunteer leadership, as evidenced by $0 reported for executive compensation, maximizing resources for its mission.
- Despite declining revenues, the organization has consistently maintained operations and provided services to the community.
Frequently Asked Questions about Marmora Volunteer Fire Co Inc
What does Marmora Volunteer Fire Co Inc do?
Marmora Volunteer Fire Co Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in Marmora, New Jersey. It is classified under NTEE code M24.
How much revenue does Marmora Volunteer Fire Co Inc have?
Marmora Volunteer Fire Co Inc reported total revenue of $276,626. Based on 13 IRS 990 filings on record.
What are Marmora Volunteer Fire Co Inc's total assets?
Marmora Volunteer Fire Co Inc holds total assets of $1,273,537 as reported in IRS 990 filings.
Where is Marmora Volunteer Fire Co Inc located?
Marmora Volunteer Fire Co Inc is based in Marmora, New Jersey.
What is Marmora Volunteer Fire Co Inc's EIN?
Marmora Volunteer Fire Co Inc's Employer Identification Number (EIN) is 222949025. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Marmora Volunteer Fire Co Inc?
Marmora Volunteer Fire Co Inc is classified under NTEE code M24 (Public Safety & Disaster Preparedness).
Is Marmora Volunteer Fire Co Inc a registered 501(c)(3)?
Yes, Marmora Volunteer Fire Co Inc is recognized as a tax-exempt organization by the IRS. EIN: 222949025.
Does Marmora Volunteer Fire Co Inc file IRS Form 990?
Yes, Marmora Volunteer Fire Co Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Marmora Volunteer Fire Co Inc's revenue in 2023?
In the 202312 filing period, Marmora Volunteer Fire Co Inc reported total revenue of $310,875, total expenses of $279,110, and net assets of $1,354,940.
Is Marmora Volunteer Fire Co Inc's revenue growing or declining?
Marmora Volunteer Fire Co Inc's revenue is growing. Revenue went from $282,367 (202212) to $310,875 (202312), a +10.1% change. Based on 13 filings on record.
What is Marmora Volunteer Fire Co Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Marmora Volunteer Fire Co Inc covers tax period 202312. It shows revenue of $310,875, expenses of $279,110, total assets of $1,354,940, and liabilities of $553,328.
How much does Marmora Volunteer Fire Co Inc spend on programs vs administration?
Based on IRS 990 analysis, Marmora Volunteer Fire Co Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Marmora Volunteer Fire Co Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Marmora Volunteer Fire Co Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Marmora Volunteer Fire Co Inc?
The following concerns were identified: Total revenue has shown a significant downward trend, decreasing from $695,179 in 2019 to $276,626 in 2023, which could impact long-term operational capacity.. Total assets have steadily declined from $2,007,543 in 2016 to $1,273,537 in 2023, suggesting potential asset depletion or lack of reinvestment.. The organization's net assets (assets minus liabilities) have also decreased over time, from $664,258 in 2016 to $719,209 in 2023 (calculated from provided data), indicating a weakening financial position.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Marmora Volunteer Fire Co Inc's strengths?
Positive indicators for Marmora Volunteer Fire Co Inc include: The organization operates with a fully volunteer leadership, as evidenced by $0 reported for executive compensation, maximizing resources for its mission.. Despite declining revenues, the organization has consistently maintained operations and provided services to the community.. These findings are derived from AI analysis of the organization's financial filings.
How does Marmora Volunteer Fire Co Inc compensate executives?
Executive compensation is not a concern as the organization consistently reports $0 for all officers, directors, trustees, and key employees, indicating a fully volunteer-led structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in both revenue and assets, what specific strategies are being implemented to ensure the long-term financial viability and operational capacity of the Marmora Volunteer Fire Co Inc?
While the provided data shows the financial trends, it does not detail specific strategies for reversing these declines. A deeper dive into their fundraising efforts, community engagement, and asset management plans would be necessary to answer this.
How does the organization plan to address the increasing liabilities, which have risen from $553,328 in 2023 to $1,343,285 in 2016, impacting its net asset position?
The provided data indicates liabilities have actually decreased from $1,343,285 in 2016 to $553,328 in 2023. This reduction in liabilities is a positive trend, improving the organization's net asset position over time.
Filing History
IRS 990 filing history for Marmora Volunteer Fire Co Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Marmora Volunteer Fire Co Inc's revenue has declined by 54.6%, moving from $685K to $311K. Total assets decreased by 48.2% over the same period, from $2.6M to $1.4M. Total functional expenses fell by 48.4%, from $541K to $279K. In its most recent filing year (2023), Marmora Volunteer Fire Co Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $553K in liabilities against $1.4M in assets (debt-to-asset ratio: 40.8%), resulting in net assets of $802K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $311K | $279K | $1.4M | $553K | — | — |
| 2022 | $282K | $223K | $1.5M | $692K | — | — |
| 2021 | $253K | $400K | $1.5M | $830K | — | View 990 |
| 2020 | $254K | $190K | $1.7M | $805K | — | — |
| 2019 | $695K | $470K | $1.7M | $948K | — | View 990 |
| 2018 | $425K | $485K | $1.7M | $1.1M | — | View 990 |
| 2017 | $426K | $461K | $1.8M | $1.2M | — | View 990 |
| 2016 | $471K | $425K | $2.0M | $1.3M | — | View 990 |
| 2015 | $468K | $442K | $2.1M | $1.5M | — | View 990 |
| 2014 | $468K | $438K | $2.2M | $1.6M | — | View 990 |
| 2013 | $469K | $474K | $2.3M | $1.7M | — | View 990 |
| 2012 | $448K | $572K | $2.4M | $1.8M | — | View 990 |
| 2011 | $685K | $541K | $2.6M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $311K, expenses of $279K, and assets of $1.4M (revenue +10.1% year-over-year).
- 2022: Revenue of $282K, expenses of $223K, and assets of $1.5M (revenue +11.7% year-over-year).
- 2021: Revenue of $253K, expenses of $400K, and assets of $1.5M (revenue -0.3% year-over-year).
- 2020: Revenue of $254K, expenses of $190K, and assets of $1.7M (revenue -63.5% year-over-year).
- 2019: Revenue of $695K, expenses of $470K, and assets of $1.7M (revenue +63.7% year-over-year).
- 2018: Revenue of $425K, expenses of $485K, and assets of $1.7M (revenue -0.4% year-over-year).
- 2017: Revenue of $426K, expenses of $461K, and assets of $1.8M (revenue -9.5% year-over-year).
- 2016: Revenue of $471K, expenses of $425K, and assets of $2.0M (revenue +0.7% year-over-year).
- 2015: Revenue of $468K, expenses of $442K, and assets of $2.1M (revenue -0.2% year-over-year).
- 2014: Revenue of $468K, expenses of $438K, and assets of $2.2M (revenue -0.2% year-over-year).
- 2013: Revenue of $469K, expenses of $474K, and assets of $2.3M (revenue +4.7% year-over-year).
- 2012: Revenue of $448K, expenses of $572K, and assets of $2.4M (revenue -34.6% year-over-year).
- 2011: Revenue of $685K, expenses of $541K, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Marmora Volunteer Fire Co 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.