Protective Co No1 Of The Fairmount Fire Dept Inc
Fairmount Fire Dept Inc consistently maintains operational surpluses and growing assets with no reported officer compensation.
EIN: 161307882 · Syracuse, NY · NTEE: M24Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.1M |
| Program Spending | 85% |
| Net Assets | $3.6M |
| Transparency Score | 85/100 |
Is Protective Co No1 Of The Fairmount Fire Dept Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Protective Co No1 Of The Fairmount Fire Dept Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Protective Co No1 Of The Fairmount Fire Dept Inc
Protective Co No1 Of The Fairmount Fire Dept Inc (EIN: 161307882) is a nonprofit organization based in Syracuse, NY, classified under NTEE code M24Z. The organization reported total revenue of $1.9M and total assets of $4.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Protective Co No1 Of The Fairmount Fire Dept Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Protective Co No1 Of The Fairmount Fire Dept Inc is a mid-size nonprofit that has been operating for 29 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$43K |
| Total Assets | $3.8M |
| Total Liabilities | $158K |
| Net Assets | $3.6M |
| Operating Margin | 3.7% |
| Debt-to-Asset Ratio | 4.2% |
| Months of Reserves | 40.0 months |
Financial Health Grade: A
In 2023, Protective Co No1 Of The Fairmount Fire Dept Inc reported a surplus of $43K with revenue exceeding expenses, holds 40.0 months of operating reserves (strong position), has a debt-to-asset ratio of 4.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Protective Co No1 Of The Fairmount Fire Dept Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | +12.8% | +3.7% |
| 2022 | +18.1% | -4.6% | +3.3% |
| 2021 | +4.1% | +9.1% | +1.4% |
| 2020 | +3.8% | +1.6% | -3.4% |
| 2019 | -3.9% | +16.3% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1997 |
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 Protective Co No1 Of The Fairmount Fire Dept Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Protective Co No1 Of The Fairmount Fire Dept Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $43K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for resource allocation and donor perception.
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 Protective Co No1 Of The Fairmount Fire Dept Inc's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Protective Co No1 Of The Fairmount Fire Dept Inc:
- Consistent operational surpluses (e.g., $43,310 in 2023)
- Steady growth in assets over the past decade (from $2.9M to $3.75M)
- No reported officer compensation across all filings
- Low liabilities relative to assets
- Consistent IRS 990 filing history (13 filings)
Frequently Asked Questions about Protective Co No1 Of The Fairmount Fire Dept Inc
Is Protective Co No1 Of The Fairmount Fire Dept Inc a legitimate charity?
Protective Co No1 Of The Fairmount Fire Dept Inc (EIN: 161307882) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Protective Co No1 Of The Fairmount Fire Dept Inc spend its money?
Protective Co No1 Of The Fairmount Fire Dept Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Protective Co No1 Of The Fairmount Fire Dept Inc tax-deductible?
Protective Co No1 Of The Fairmount Fire Dept Inc is registered as a tax-exempt nonprofit (EIN: 161307882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Protective Co No1 Of The Fairmount Fire Dept Inc's spending goes to programs?
Protective Co No1 Of The Fairmount Fire Dept Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Protective Co No1 Of The Fairmount Fire Dept Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Protective Co No1 Of The Fairmount Fire Dept Inc is above average for NTEE category M24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Protective Co No1 Of The Fairmount Fire Dept Inc located?
Protective Co No1 Of The Fairmount Fire Dept Inc is headquartered in Syracuse, New York and files with the IRS under EIN 161307882. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Protective Co No1 Of The Fairmount Fire Dept Inc have?
Protective Co No1 Of The Fairmount Fire Dept 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 $1.9M in total revenue.
Is Protective Co No1 Of The Fairmount Fire Dept Inc a good charity?
Based on the available financial data, the organization appears to be a financially sound and well-managed entity. It consistently generates surpluses, grows its assets, and reports no officer compensation, which are all positive indicators for a 'good charity'.
How has the organization's financial health changed over the last decade?
The organization's financial health has steadily improved over the last decade, with assets growing from $2,900,390 in 2014 to $3,751,083 in 2023, and revenues generally exceeding expenses, leading to consistent operational surpluses.
What is the trend in revenue and expenses?
Both revenue and expenses have shown an upward trend over the decade. Revenue increased from $714,900 in 2014 to $1,169,293 in 2023, while expenses rose from $645,743 to $1,125,983 in the same period. The organization has generally maintained a positive net income.
Are there any concerns regarding liabilities?
Liabilities have remained relatively low compared to assets, fluctuating but not showing a concerning upward trend. For example, in 2023, liabilities were $158,444 against assets of $3,751,083, indicating a strong financial position.
Filing History
IRS 990 filing history for Protective Co No1 Of The Fairmount Fire Dept Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Protective Co No1 Of The Fairmount Fire Dept Inc's revenue has grown by 97.6%, moving from $592K to $1.2M. Total assets increased by 39.3% over the same period, from $2.7M to $3.8M. Total functional expenses rose by 85.7%, from $606K to $1.1M. In its most recent filing year (2023), Protective Co No1 Of The Fairmount Fire Dept Inc reported a surplus of $43K, with revenue exceeding expenses. The organization holds $158K in liabilities against $3.8M in assets (debt-to-asset ratio: 4.2%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $3.8M | $158K | — | — |
| 2022 | $1.2M | $998K | $3.6M | $68K | — | View 990 |
| 2021 | $998K | $1.0M | $3.5M | $134K | — | View 990 |
| 2020 | $959K | $959K | $3.5M | $37K | — | — |
| 2019 | $924K | $944K | $3.6M | $156K | — | View 990 |
| 2018 | $961K | $812K | $3.5M | $64K | — | View 990 |
| 2017 | $866K | $728K | $3.3M | $20K | — | View 990 |
| 2016 | $832K | $635K | $3.2M | $106K | — | View 990 |
| 2015 | $716K | $677K | $2.9M | $24K | — | View 990 |
| 2014 | $715K | $646K | $2.9M | $23K | — | View 990 |
| 2013 | $721K | $621K | $2.8M | $8K | — | View 990 |
| 2012 | $658K | $635K | $2.7M | $7K | — | View 990 |
| 2011 | $592K | $606K | $2.7M | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $3.8M (revenue -0.8% year-over-year).
- 2022: Revenue of $1.2M, expenses of $998K, and assets of $3.6M (revenue +18.1% year-over-year).
- 2021: Revenue of $998K, expenses of $1.0M, and assets of $3.5M (revenue +4.1% year-over-year).
- 2020: Revenue of $959K, expenses of $959K, and assets of $3.5M (revenue +3.8% year-over-year).
- 2019: Revenue of $924K, expenses of $944K, and assets of $3.6M (revenue -3.9% year-over-year).
- 2018: Revenue of $961K, expenses of $812K, and assets of $3.5M (revenue +11.0% year-over-year).
- 2017: Revenue of $866K, expenses of $728K, and assets of $3.3M (revenue +4.1% year-over-year).
- 2016: Revenue of $832K, expenses of $635K, and assets of $3.2M (revenue +16.2% year-over-year).
- 2015: Revenue of $716K, expenses of $677K, and assets of $2.9M (revenue +0.2% year-over-year).
- 2014: Revenue of $715K, expenses of $646K, and assets of $2.9M (revenue -0.8% year-over-year).
- 2013: Revenue of $721K, expenses of $621K, and assets of $2.8M (revenue +9.5% year-over-year).
- 2012: Revenue of $658K, expenses of $635K, and assets of $2.7M (revenue +11.2% year-over-year).
- 2011: Revenue of $592K, expenses of $606K, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Protective Co No1 Of The Fairmount Fire Dept Inc:
Data Sources and Methodology
This transparency report for Protective Co No1 Of The Fairmount Fire Dept 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.