Moyers Corners Fire Department Inc

Is Moyers Corners Fire Department Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Moyers Corners Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Moyers Corners Fire Department Inc

Moyers Corners Fire Department Inc (EIN: 160770053) is a nonprofit organization based in Liverpool, NY, classified under NTEE code E62Z. The organization reported total revenue of $3.6M and total assets of $4.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Moyers Corners Fire Department 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 Moyers Corners 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, Moyers Corners 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 reported as 0% across all available filings, indicating a volunteer leadership structure, which is highly commendable for an organization of this size with assets over $4 million.

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 Moyers Corners Fire Department Inc:

• Consistent revenue exceeding expenses in recent years (e.g., $2,084,352 revenue vs. $1,553,160 expenses in 2024).
• Zero reported officer compensation across all filings, indicating volunteer leadership.
• Significant reduction in liabilities from $1,847,427 in 2021 to $25,589 in 2024.
• Healthy asset growth, reaching $3,582,916 in 2024.
• Strong program focus inherent in its mission as a fire department.

Frequently Asked Questions about Moyers Corners Fire Department Inc

Filing History

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

Over 13 years of IRS 990 filings (2012–2024), Moyers Corners Fire Department Inc's revenue has grown by 22.4%, moving from $1.7M to $2.1M. Total assets increased by 179.1% over the same period, from $1.3M to $3.6M. Total functional expenses rose by 10.4%, from $1.4M to $1.6M. In its most recent filing year (2024), Moyers Corners Fire Department Inc reported a surplus of $531K, with revenue exceeding expenses. The organization holds $26K in liabilities against $3.6M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $3.6M.

Year-by-Year Financial Summary

• 2024: Revenue of $2.1M, expenses of $1.6M, and assets of $3.6M (revenue +6.3% year-over-year).
• 2023: Revenue of $2.0M, expenses of $1.5M, and assets of $2.9M (revenue -24.7% year-over-year).
• 2022: Revenue of $2.6M, expenses of $2.1M, and assets of $2.6M (revenue +32.9% year-over-year).
• 2021: Revenue of $2.0M, expenses of $2.6M, and assets of $4.0M (revenue +6.6% year-over-year).
• 2020: Revenue of $1.8M, expenses of $1.6M, and assets of $4.5M (revenue -17.3% year-over-year).
• 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $2.4M (revenue -29.8% year-over-year).
• 2018: Revenue of $3.2M, expenses of $2.7M, and assets of $4.0M (revenue +83.8% year-over-year).
• 2017: Revenue of $1.7M, expenses of $1.3M, and assets of $3.5M (revenue +1.9% year-over-year).
• 2016: Revenue of $1.7M, expenses of $1.5M, and assets of $1.4M (revenue +0.8% year-over-year).
• 2015: Revenue of $1.7M, expenses of $1.5M, and assets of $2.8M (revenue +2.9% year-over-year).
• 2014: Revenue of $1.6M, expenses of $2.3M, and assets of $1.0M (revenue +0.1% year-over-year).
• 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $1.7M (revenue -4.4% year-over-year).
• 2012: Revenue of $1.7M, expenses of $1.4M, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Moyers Corners 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.