Nora Springs Farm Fire Service Company
EIN: 421089864 · Nora Springs, IA · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $136K |
| Net Assets | $463K |
Is Nora Springs Farm Fire Service Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nora Springs Farm Fire Service Company
Nora Springs Farm Fire Service Company (EIN: 421089864) is a nonprofit organization based in Nora Springs, IA, classified under NTEE code M24. The organization reported total revenue of $106K and total assets of $465K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nora Springs Farm Fire Service Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nora Springs Farm Fire Service Company is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $135K |
| Total Expenses | $136K |
| Surplus / Deficit | $-1,638 |
| Total Assets | $506K |
| Total Liabilities | $43K |
| Net Assets | $463K |
| Operating Margin | -1.2% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 44.5 months |
Financial Health Grade: B
In 2024, Nora Springs Farm Fire Service Company reported a deficit of $2K with expenses exceeding revenue, holds 44.5 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Nora Springs Farm Fire Service Company's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +31.8% | +7.9% | -2.3% |
| 2023 | -40.8% | +3.4% | -6.2% |
| 2022 | +47.2% | +45.1% | +7.7% |
| 2021 | -69.0% | +47.1% | +16.5% |
| 2020 | +386.7% | +3.7% | +249.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nora Springs Farm Fire Service Company 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 Nora Springs Farm Fire Service Company 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Frequently Asked Questions about Nora Springs Farm Fire Service Company
Is Nora Springs Farm Fire Service Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Nora Springs Farm Fire Service Company (EIN: 421089864) insufficient data. 0 red flags identified, 0 strengths noted.
How does Nora Springs Farm Fire Service Company spend its money?
Detailed spending breakdown data is not yet available for Nora Springs Farm Fire Service Company. Check back for updated IRS 990 analysis.
Are donations to Nora Springs Farm Fire Service Company tax-deductible?
Nora Springs Farm Fire Service Company is registered as a tax-exempt nonprofit (EIN: 421089864). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nora Springs Farm Fire Service Company located?
Nora Springs Farm Fire Service Company is headquartered in Nora Springs, Iowa and files with the IRS under EIN 421089864. It is classified under NTEE code M24.
How many years of IRS 990 filings does Nora Springs Farm Fire Service Company have?
Nora Springs Farm Fire Service Company 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 $106K in total revenue.
Filing History
IRS 990 filing history for Nora Springs Farm Fire Service Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Nora Springs Farm Fire Service Company's revenue has grown by 106.7%, moving from $65K to $135K. Total assets increased by 164.7% over the same period, from $191K to $506K. Total functional expenses rose by 94.4%, from $70K to $136K. In its most recent filing year (2024), Nora Springs Farm Fire Service Company reported a deficit of $2K, with expenses exceeding revenue. The organization holds $43K in liabilities against $506K in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $463K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $135K | $136K | $506K | $43K | — | — |
| 2023 | $102K | $126K | $518K | $54K | — | View 990 |
| 2022 | $173K | $122K | $553K | $64K | — | View 990 |
| 2021 | $117K | $84K | $513K | $75K | — | — |
| 2020 | $379K | $57K | $441K | $36K | — | View 990 |
| 2019 | $78K | $55K | $126K | $46K | — | View 990 |
| 2018 | $80K | $57K | $113K | $56K | — | — |
| 2017 | $71K | $85K | $99K | $65K | — | View 990 |
| 2016 | $71K | $75K | $131K | $83K | — | View 990 |
| 2015 | $76K | $82K | $162K | $110K | — | View 990 |
| 2014 | $97K | $87K | $178K | $119K | — | View 990 |
| 2013 | $55K | $74K | $177K | $128K | — | View 990 |
| 2012 | $65K | $70K | $191K | $121K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $135K, expenses of $136K, and assets of $506K (revenue +31.8% year-over-year).
- 2023: Revenue of $102K, expenses of $126K, and assets of $518K (revenue -40.8% year-over-year).
- 2022: Revenue of $173K, expenses of $122K, and assets of $553K (revenue +47.2% year-over-year).
- 2021: Revenue of $117K, expenses of $84K, and assets of $513K (revenue -69.0% year-over-year).
- 2020: Revenue of $379K, expenses of $57K, and assets of $441K (revenue +386.7% year-over-year).
- 2019: Revenue of $78K, expenses of $55K, and assets of $126K (revenue -3.3% year-over-year).
- 2018: Revenue of $80K, expenses of $57K, and assets of $113K (revenue +13.0% year-over-year).
- 2017: Revenue of $71K, expenses of $85K, and assets of $99K (revenue +0.4% year-over-year).
- 2016: Revenue of $71K, expenses of $75K, and assets of $131K (revenue -6.1% year-over-year).
- 2015: Revenue of $76K, expenses of $82K, and assets of $162K (revenue -21.8% year-over-year).
- 2014: Revenue of $97K, expenses of $87K, and assets of $178K (revenue +75.3% year-over-year).
- 2013: Revenue of $55K, expenses of $74K, and assets of $177K (revenue -15.5% year-over-year).
- 2012: Revenue of $65K, expenses of $70K, and assets of $191K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nora Springs Farm Fire Service Company:
Data Sources and Methodology
This transparency report for Nora Springs Farm Fire Service Company 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.