Mineral Springs Volunteer Fire And Rescue Inc
EIN: 566193986 · Winston Salem, NC · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $347K |
| Total Expenses | $347K |
| Net Assets | $726K |
Is Mineral Springs Volunteer Fire And Rescue Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mineral Springs Volunteer Fire And Rescue Inc
Mineral Springs Volunteer Fire And Rescue Inc (EIN: 566193986) is a nonprofit organization based in Winston Salem, NC, classified under NTEE code M24. The organization reported total revenue of $347K and total assets of $669K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mineral Springs Volunteer Fire And Rescue Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mineral Springs Volunteer Fire And Rescue Inc is a small nonprofit that has been operating for 7 years, with 13 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 | $347K |
| Total Expenses | $347K |
| Surplus / Deficit | +$436 |
| Total Assets | $728K |
| Total Liabilities | $2K |
| Net Assets | $726K |
| Operating Margin | 0.1% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 25.2 months |
Financial Health Grade: A
In 2023, Mineral Springs Volunteer Fire And Rescue Inc reported a surplus of $436 with revenue exceeding expenses, holds 25.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mineral Springs Volunteer Fire And Rescue Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | -10.0% | -4.2% |
| 2022 | -42.8% | +29.0% | +17.4% |
| 2021 | +91.2% | +13.6% | +53.0% |
| 2020 | +8.3% | -5.4% | +2.4% |
| 2019 | +0.8% | +13.0% | -6.8% |
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 Analysis Pending
AI enrichment for Mineral Springs Volunteer Fire And Rescue 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 Mineral Springs Volunteer Fire And Rescue 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 surplus of $436, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Mineral Springs Volunteer Fire And Rescue Inc
Is Mineral Springs Volunteer Fire And Rescue Inc a legitimate charity?
Mineral Springs Volunteer Fire And Rescue Inc (EIN: 566193986) is a registered tax-exempt nonprofit based in North Carolina. It has 13 years of IRS 990 filings on record. Total revenue: $347K. No red flags identified. Financial health grade: A.
How does Mineral Springs Volunteer Fire And Rescue Inc spend its money?
Mineral Springs Volunteer Fire And Rescue Inc reported $347K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mineral Springs Volunteer Fire And Rescue Inc tax-deductible?
Mineral Springs Volunteer Fire And Rescue Inc is registered as a tax-exempt nonprofit (EIN: 566193986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mineral Springs Volunteer Fire And Rescue Inc located?
Mineral Springs Volunteer Fire And Rescue Inc is headquartered in Winston Salem, North Carolina and files with the IRS under EIN 566193986. It is classified under NTEE code M24.
How many years of IRS 990 filings does Mineral Springs Volunteer Fire And Rescue Inc have?
Mineral Springs Volunteer Fire And Rescue Inc has 13 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 $347K in total revenue.
Filing History
IRS 990 filing history for Mineral Springs Volunteer Fire And Rescue Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mineral Springs Volunteer Fire And Rescue Inc's revenue has grown by 65.9%, moving from $209K to $347K. Total assets increased by 269.5% over the same period, from $197K to $728K. Total functional expenses rose by 53.3%, from $226K to $347K. In its most recent filing year (2023), Mineral Springs Volunteer Fire And Rescue Inc reported a surplus of $436, with revenue exceeding expenses. The organization holds $2K in liabilities against $728K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $726K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $347K | $347K | $728K | $2K | — | View 990 |
| 2022 | $299K | $386K | $761K | $1K | — | View 990 |
| 2021 | $523K | $299K | $648K | $1K | — | — |
| 2020 | $274K | $263K | $423K | $1K | — | View 990 |
| 2019 | $253K | $278K | $413K | $2K | — | View 990 |
| 2018 | $251K | $246K | $443K | $6K | — | View 990 |
| 2017 | $254K | $252K | $435K | $2K | — | View 990 |
| 2016 | $232K | $193K | $433K | $2K | — | View 990 |
| 2015 | $445K | $236K | $395K | $3K | — | View 990 |
| 2014 | $228K | $247K | $184K | $1K | — | View 990 |
| 2013 | $226K | $235K | $204K | $2K | — | View 990 |
| 2012 | $224K | $208K | $212K | $1K | — | View 990 |
| 2011 | $209K | $226K | $197K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $347K, expenses of $347K, and assets of $728K (revenue +16.1% year-over-year).
- 2022: Revenue of $299K, expenses of $386K, and assets of $761K (revenue -42.8% year-over-year).
- 2021: Revenue of $523K, expenses of $299K, and assets of $648K (revenue +91.2% year-over-year).
- 2020: Revenue of $274K, expenses of $263K, and assets of $423K (revenue +8.3% year-over-year).
- 2019: Revenue of $253K, expenses of $278K, and assets of $413K (revenue +0.8% year-over-year).
- 2018: Revenue of $251K, expenses of $246K, and assets of $443K (revenue -1.2% year-over-year).
- 2017: Revenue of $254K, expenses of $252K, and assets of $435K (revenue +9.4% year-over-year).
- 2016: Revenue of $232K, expenses of $193K, and assets of $433K (revenue -47.9% year-over-year).
- 2015: Revenue of $445K, expenses of $236K, and assets of $395K (revenue +95.2% year-over-year).
- 2014: Revenue of $228K, expenses of $247K, and assets of $184K (revenue +0.8% year-over-year).
- 2013: Revenue of $226K, expenses of $235K, and assets of $204K (revenue +1.2% year-over-year).
- 2012: Revenue of $224K, expenses of $208K, and assets of $212K (revenue +6.8% year-over-year).
- 2011: Revenue of $209K, expenses of $226K, and assets of $197K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mineral Springs Volunteer Fire And Rescue Inc:
Data Sources and Methodology
This transparency report for Mineral Springs Volunteer Fire And Rescue 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.