Meridianville Volunteer Firedepartment Incorporated
Meridianville Volunteer Firedepartment shows consistent asset growth and no officer compensation, but liabilities are increasing.
EIN: 205312355 · Meridianville, AL · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $34K |
| Total Expenses | $138K |
| Program Spending | 90% |
| Net Assets | $614K |
| Transparency Score | 85/100 |
Is Meridianville Volunteer Firedepartment Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meridianville Volunteer Firedepartment Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meridianville Volunteer Firedepartment Incorporated
Meridianville Volunteer Firedepartment Incorporated (EIN: 205312355) is a nonprofit organization based in Meridianville, AL, classified under NTEE code M24. The organization reported total revenue of $34K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meridianville Volunteer Firedepartment Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meridianville Volunteer Firedepartment Incorporated is a micro nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 12.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $204K |
| Total Expenses | $138K |
| Surplus / Deficit | +$66K |
| Total Assets | $1.4M |
| Total Liabilities | $752K |
| Net Assets | $614K |
| Operating Margin | 32.4% |
| Debt-to-Asset Ratio | 55.0% |
| Months of Reserves | 119.0 months |
Financial Health Grade: A
In 2023, Meridianville Volunteer Firedepartment Incorporated reported a surplus of $66K with revenue exceeding expenses, holds 119.0 months of operating reserves (strong position), has a debt-to-asset ratio of 55.0% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Meridianville Volunteer Firedepartment Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 12.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.1% | +25.2% | +28.5% |
| 2022 | +7.9% | -22.4% | +2.7% |
| 2021 | +32.8% | +40.3% | -1.4% |
| 2020 | -18.5% | +0.2% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Meridianville Volunteer Firedepartment Incorporated with a Mission Score of 85 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, Meridianville Volunteer Firedepartment Incorporated 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $66K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization is entirely volunteer-led at the executive level, which is highly efficient for a nonprofit of this size.
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 Meridianville Volunteer Firedepartment Incorporated's IRS 990 filings:
- Increasing liabilities trend without clear explanation in provided data
Strengths
The following positive indicators were identified for Meridianville Volunteer Firedepartment Incorporated:
- Consistent revenue exceeding expenses
- Strong asset growth over time
- 0% officer compensation, indicating high volunteer commitment
- Consistent IRS 990 filing history
- Direct community service mission (fire department)
Frequently Asked Questions about Meridianville Volunteer Firedepartment Incorporated
Is Meridianville Volunteer Firedepartment Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Meridianville Volunteer Firedepartment Incorporated (EIN: 205312355) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Meridianville Volunteer Firedepartment Incorporated spend its money?
Meridianville Volunteer Firedepartment Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Meridianville Volunteer Firedepartment Incorporated tax-deductible?
Meridianville Volunteer Firedepartment Incorporated is registered as a tax-exempt nonprofit (EIN: 205312355). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Meridianville Volunteer Firedepartment Incorporated's spending goes to programs?
Meridianville Volunteer Firedepartment Incorporated directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meridianville Volunteer Firedepartment Incorporated compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Meridianville Volunteer Firedepartment Incorporated is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Meridianville Volunteer Firedepartment Incorporated located?
Meridianville Volunteer Firedepartment Incorporated is headquartered in Meridianville, Alabama and files with the IRS under EIN 205312355. It is classified under NTEE code M24.
How many years of IRS 990 filings does Meridianville Volunteer Firedepartment Incorporated have?
Meridianville Volunteer Firedepartment Incorporated has 5 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 $34K in total revenue.
Is Meridianville Volunteer Firedepartment Incorporated a good charity?
Based on the available data, the organization appears to be a good charity. It consistently generates more revenue than expenses, has growing assets, and reports no officer compensation, indicating a strong volunteer commitment and efficient use of funds for its mission.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, growing from $1,057,611 in 2019 to $1,366,090 in 2023, indicating financial stability and growth.
How does the organization manage its liabilities?
Liabilities have increased from $552,782 in 2019 to $751,959 in 2023. While assets have grown faster, the increasing liabilities warrant further investigation to understand their nature and the organization's strategy for managing them.
Filing History
IRS 990 filing history for Meridianville Volunteer Firedepartment Incorporated showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Meridianville Volunteer Firedepartment Incorporated's revenue has grown by 57.8%, moving from $129K to $204K. Total assets increased by 29.2% over the same period, from $1.1M to $1.4M. Total functional expenses rose by 36.5%, from $101K to $138K. In its most recent filing year (2023), Meridianville Volunteer Firedepartment Incorporated reported a surplus of $66K, with revenue exceeding expenses. The organization holds $752K in liabilities against $1.4M in assets (debt-to-asset ratio: 55.0%), resulting in net assets of $614K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $204K | $138K | $1.4M | $752K | — | View 990 |
| 2022 | $151K | $110K | $1.1M | $515K | — | — |
| 2021 | $140K | $142K | $1.0M | $528K | — | View 990 |
| 2020 | $105K | $101K | $1.0M | $541K | — | — |
| 2019 | $129K | $101K | $1.1M | $553K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $204K, expenses of $138K, and assets of $1.4M (revenue +35.1% year-over-year).
- 2022: Revenue of $151K, expenses of $110K, and assets of $1.1M (revenue +7.9% year-over-year).
- 2021: Revenue of $140K, expenses of $142K, and assets of $1.0M (revenue +32.8% year-over-year).
- 2020: Revenue of $105K, expenses of $101K, and assets of $1.0M (revenue -18.5% year-over-year).
- 2019: Revenue of $129K, expenses of $101K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meridianville Volunteer Firedepartment Incorporated:
Data Sources and Methodology
This transparency report for Meridianville Volunteer Firedepartment Incorporated 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.