Potter Volunteer Fire Departmentinc
Potter Volunteer Fire Department experiences significant deficit in 2023 after strong 2022 performance.
EIN: 208005409 · Potter, WI · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $124K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $135,025 |
| Net Assets | $181K |
| Transparency Score | 85/100 |
Is Potter Volunteer Fire Departmentinc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Potter Volunteer Fire Departmentinc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Potter Volunteer Fire Departmentinc
Potter Volunteer Fire Departmentinc (EIN: 208005409) is a nonprofit organization based in Potter, WI, classified under NTEE code N60. The organization reported total revenue of $135K and total assets of $201K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Potter Volunteer Fire Departmentinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Potter Volunteer Fire Departmentinc is a small nonprofit that has been operating for 4 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -67.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $124K |
| Surplus / Deficit | $-72,263 |
| Total Assets | $181K |
| Net Assets | $181K |
| Operating Margin | -140.3% |
| Months of Reserves | 17.5 months |
Financial Health Grade: B
In 2023, Potter Volunteer Fire Departmentinc reported a deficit of $72K with expenses exceeding revenue, holds 17.5 months of operating reserves (strong position).
Financial Trends
Over 2 years of filings (2022–2023), Potter Volunteer Fire Departmentinc's revenue has declined at a compound annual growth rate (CAGR) of -67.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -67.0% | +163.5% | -28.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2022 |
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 Potter Volunteer Fire Departmentinc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Potter Volunteer Fire Departmentinc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $72K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% for both filing periods, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with $135,025 in latest revenue.
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 Potter Volunteer Fire Departmentinc's IRS 990 filings:
- Significant deficit spending in 2023 ($123,751 expenses vs. $51,488 revenue)
- High fluctuation in revenue and expenses between 2022 and 2023, suggesting potential funding instability.
Strengths
The following positive indicators were identified for Potter Volunteer Fire Departmentinc:
- Zero liabilities reported in both filing periods, indicating a debt-free operation.
- Consistent 0% officer compensation, demonstrating strong volunteer leadership and efficient use of funds.
- Healthy asset base of $200,944 relative to its latest revenue of $135,025.
Frequently Asked Questions about Potter Volunteer Fire Departmentinc
Is Potter Volunteer Fire Departmentinc a legitimate charity?
Potter Volunteer Fire Departmentinc (EIN: 208005409) is a registered tax-exempt nonprofit based in Wisconsin. Our AI analysis gives it a Mission Score of 85/100. It has 2 years of IRS 990 filings on record. Total revenue: $135K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Potter Volunteer Fire Departmentinc spend its money?
Potter Volunteer Fire Departmentinc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Potter Volunteer Fire Departmentinc tax-deductible?
Potter Volunteer Fire Departmentinc is registered as a tax-exempt nonprofit (EIN: 208005409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Potter Volunteer Fire Departmentinc CEO make?
Potter Volunteer Fire Departmentinc's highest-compensated officer earns $135,025 annually. The organization reported $135K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Potter Volunteer Fire Departmentinc's spending goes to programs?
Potter Volunteer Fire Departmentinc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Potter Volunteer Fire Departmentinc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Potter Volunteer Fire Departmentinc is above average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Potter Volunteer Fire Departmentinc located?
Potter Volunteer Fire Departmentinc is headquartered in Potter, Wisconsin and files with the IRS under EIN 208005409. It is classified under NTEE code N60.
How many years of IRS 990 filings does Potter Volunteer Fire Departmentinc have?
Potter Volunteer Fire Departmentinc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $135K in total revenue.
Is Potter Volunteer Fire Department Inc. financially stable?
While the organization has zero liabilities and a solid asset base of $200,944, the significant deficit in 2023 (expenses of $123,751 vs. revenue of $51,488) raises concerns about short-term financial stability and reliance on fluctuating revenue.
How does officer compensation compare to similar organizations?
With 0% officer compensation reported, Potter Volunteer Fire Department Inc. demonstrates exceptional efficiency in leadership costs, as all officers appear to be volunteers, which is better than most organizations.
Filing History
IRS 990 filing history for Potter Volunteer Fire Departmentinc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Potter Volunteer Fire Departmentinc's revenue has declined by 67%, moving from $156K to $51K. Total assets decreased by 28.6% over the same period, from $253K to $181K. Total functional expenses rose by 163.5%, from $47K to $124K. In its most recent filing year (2023), Potter Volunteer Fire Departmentinc reported a deficit of $72K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $124K | $181K | $0 | — | View 990 |
| 2022 | $156K | $47K | $253K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Potter Volunteer Fire Departmentinc:
Data Sources and Methodology
This transparency report for Potter Volunteer Fire Departmentinc 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.