Prospect Heights Volunteer Fire Company 1 Inc

About Prospect Heights Volunteer Fire Company 1 Inc

Prospect Heights Volunteer Fire Company 1 Inc (EIN: 222947665) is a nonprofit organization based in Ewing, NJ, classified under NTEE code M24. The organization reported total revenue of $276K and total assets of $308K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Prospect Heights Volunteer Fire Company 1 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 Prospect Heights Volunteer Fire Company 1 Inc with a Mission Score of 75 out of 100 (Good). 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, Prospect Heights Volunteer Fire Company 1 Inc 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.

Executive Compensation Analysis

Executive compensation is not reported, indicating that no officers, directors, or trustees received compensation from the organization, which is typical for small volunteer-run entities.

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 Prospect Heights Volunteer Fire Company 1 Inc's IRS 990 filings:

• Lack of detailed program spending breakdown in available filings.
• Limited public information on specific community impact or services provided beyond general fire company operations.
• No clear indication of a formal board or governance structure beyond basic legal requirements.

Strengths

The following positive indicators were identified for Prospect Heights Volunteer Fire Company 1 Inc:

• Consistent revenue stream over the past several years, indicating stable community support.
• Assets consistently exceed liabilities, demonstrating financial stability.
• Operates as a volunteer organization, likely maximizing direct service impact per dollar.

Frequently Asked Questions about Prospect Heights Volunteer Fire Company 1 Inc

Filing History

IRS 990 filing history for Prospect Heights Volunteer Fire Company 1 Inc showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2011–2016), Prospect Heights Volunteer Fire Company 1 Inc's revenue has declined by 15.8%, moving from $292K to $246K. Total assets increased by 18.5% over the same period, from $260K to $308K. Total functional expenses rose by 15.5%, from $270K to $312K. In its most recent filing year (2016), Prospect Heights Volunteer Fire Company 1 Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $279K in liabilities against $308K in assets (debt-to-asset ratio: 90.4%), resulting in net assets of $30K.

Year-by-Year Financial Summary

• 2016: Revenue of $246K, expenses of $312K, and assets of $308K (revenue -22.3% year-over-year).
• 2015: Revenue of $317K, expenses of $388K, and assets of $341K (revenue +24.1% year-over-year).
• 2014: Revenue of $255K, expenses of $288K, and assets of $249K (revenue +8.6% year-over-year).
• 2013: Revenue of $235K, expenses of $282K, and assets of $200K (revenue -3.7% year-over-year).
• 2012: Revenue of $244K, expenses of $257K, and assets of $247K (revenue -16.5% year-over-year).
• 2011: Revenue of $292K, expenses of $270K, and assets of $260K.

Data Sources and Methodology

This transparency report for Prospect Heights Volunteer Fire Company 1 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.