Middlefield Volunteer Fire Company Inc
EIN: 472195001 · Middlefield, CT · NTEE: M24
Is Middlefield Volunteer Fire Company Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Middlefield Volunteer Fire Company Inc
Middlefield Volunteer Fire Company Inc (EIN: 472195001) is a nonprofit organization based in Middlefield, CT, classified under NTEE code M24. The organization reported total revenue of $330K and total assets of $298K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middlefield Volunteer Fire Company Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Middlefield Volunteer Fire Company Inc is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $102K |
| Surplus / Deficit | $-25,405 |
| Total Assets | $132K |
| Total Liabilities | $2K |
| Net Assets | $130K |
| Operating Margin | -33.1% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 15.5 months |
Financial Health Grade: B
In 2023, Middlefield Volunteer Fire Company Inc reported a deficit of $25K with expenses exceeding revenue, holds 15.5 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 9 years of filings (2015–2023), Middlefield Volunteer Fire Company Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | +20.5% | -15.6% |
| 2022 | +43.3% | +6.6% | -4.7% |
| 2021 | +176.9% | +41.2% | -14.1% |
| 2020 | -90.0% | +30.6% | -16.1% |
| 2019 | +446.2% | +64.4% | +195.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Middlefield Volunteer Fire Company 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 Middlefield Volunteer Fire Company 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about Middlefield Volunteer Fire Company Inc
Is Middlefield Volunteer Fire Company Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Middlefield Volunteer Fire Company Inc (EIN: 472195001) insufficient data. 0 red flags identified, 0 strengths noted.
How does Middlefield Volunteer Fire Company Inc spend its money?
Detailed spending breakdown data is not yet available for Middlefield Volunteer Fire Company Inc. Check back for updated IRS 990 analysis.
Are donations to Middlefield Volunteer Fire Company Inc tax-deductible?
Middlefield Volunteer Fire Company Inc is registered as a tax-exempt nonprofit (EIN: 472195001). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Middlefield Volunteer Fire Company Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Middlefield Volunteer Fire Company Inc's revenue has grown by 79.8%, moving from $43K to $77K. Total assets increased by 121.7% over the same period, from $59K to $132K. Total functional expenses rose by 211.6%, from $33K to $102K. In its most recent filing year (2023), Middlefield Volunteer Fire Company Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $2K in liabilities against $132K in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $130K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $102K | $132K | $2K | — | View 990 |
| 2022 | $77K | $85K | $156K | $709 | — | View 990 |
| 2021 | $53K | $80K | $164K | $0 | — | View 990 |
| 2020 | $19K | $56K | $191K | $600 | — | View 990 |
| 2019 | $194K | $43K | $227K | $91 | — | View 990 |
| 2018 | $35K | $26K | $77K | $61 | — | View 990 |
| 2017 | $44K | $35K | $68K | $275 | — | View 990 |
| 2016 | $47K | $47K | $60K | $977 | — | View 990 |
| 2015 | $43K | $33K | $59K | $175 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $102K, and assets of $132K (revenue +0.4% year-over-year).
- 2022: Revenue of $77K, expenses of $85K, and assets of $156K (revenue +43.3% year-over-year).
- 2021: Revenue of $53K, expenses of $80K, and assets of $164K (revenue +176.9% year-over-year).
- 2020: Revenue of $19K, expenses of $56K, and assets of $191K (revenue -90.0% year-over-year).
- 2019: Revenue of $194K, expenses of $43K, and assets of $227K (revenue +446.2% year-over-year).
- 2018: Revenue of $35K, expenses of $26K, and assets of $77K (revenue -18.8% year-over-year).
- 2017: Revenue of $44K, expenses of $35K, and assets of $68K (revenue -7.4% year-over-year).
- 2016: Revenue of $47K, expenses of $47K, and assets of $60K (revenue +10.2% year-over-year).
- 2015: Revenue of $43K, expenses of $33K, and assets of $59K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Middlefield Volunteer Fire Company Inc:
Data Sources and Methodology
This transparency report for Middlefield Volunteer Fire Company 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.