Red Oak Volunteer Fire & Rescue
Red Oak Volunteer Fire & Rescue consistently operates with zero liabilities and no officer compensation, directing all funds to its mission.
EIN: 203590045 · Red Oak, IA · NTEE: M23 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $125K |
| Total Expenses | $33K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $125,359. |
| Net Assets | $217K |
| Transparency Score | 95/100 |
Is Red Oak Volunteer Fire & Rescue Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Red Oak Volunteer Fire & Rescue directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Red Oak Volunteer Fire & Rescue
Red Oak Volunteer Fire & Rescue (EIN: 203590045) is a nonprofit organization based in Red Oak, IA, classified under NTEE code M23. The organization reported total revenue of $125K and total assets of $276K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Oak Volunteer Fire & Rescue's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Oak Volunteer Fire & Rescue is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $33K |
| Surplus / Deficit | +$31K |
| Total Assets | $217K |
| Net Assets | $217K |
| Operating Margin | 48.5% |
| Months of Reserves | 78.2 months |
Financial Health Grade: A
In 2024, Red Oak Volunteer Fire & Rescue reported a surplus of $31K with revenue exceeding expenses, holds 78.2 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2024), Red Oak Volunteer Fire & Rescue's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -17.3% | -34.3% | +16.9% |
| 2023 | +39.9% | +27.7% | +17.3% |
| 2022 | +60.5% | -23.6% | +3.2% |
| 2019 | -26.2% | -9.2% | -10.0% |
| 2018 | -57.1% | +9.7% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 6000 |
| IRS Ruling Date | 2006 |
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 Red Oak Volunteer Fire & Rescue with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Red Oak Volunteer Fire & Rescue allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size with latest revenue of $125,359.
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 Red Oak Volunteer Fire & Rescue:
- Consistent zero liabilities across all filings.
- No reported officer compensation, indicating volunteer leadership.
- Positive net income and asset growth in recent years (e.g., assets grew from $158,422 in 2022 to $217,248 in 2024).
- High percentage of spending directed towards program services due to minimal overhead and no executive pay.
- Strong financial transparency with readily available IRS 990 filings.
Frequently Asked Questions about Red Oak Volunteer Fire & Rescue
Is Red Oak Volunteer Fire & Rescue a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Oak Volunteer Fire & Rescue (EIN: 203590045) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Red Oak Volunteer Fire & Rescue spend its money?
Red Oak Volunteer Fire & Rescue directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Red Oak Volunteer Fire & Rescue tax-deductible?
Red Oak Volunteer Fire & Rescue is registered as a tax-exempt nonprofit (EIN: 203590045). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Red Oak Volunteer Fire & Rescue CEO make?
Red Oak Volunteer Fire & Rescue's highest-compensated officer earns $125,359. annually. The organization reported $125K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Red Oak Volunteer Fire & Rescue compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Red Oak Volunteer Fire & Rescue is above average for NTEE category M23 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Red Oak Volunteer Fire & Rescue located?
Red Oak Volunteer Fire & Rescue is headquartered in Red Oak, Iowa and files with the IRS under EIN 203590045. It is classified under NTEE code M23.
How many years of IRS 990 filings does Red Oak Volunteer Fire & Rescue have?
Red Oak Volunteer Fire & Rescue has 11 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 $125K in total revenue.
Is Red Oak Volunteer Fire & Rescue a good charity?
Yes, Red Oak Volunteer Fire & Rescue appears to be a very good charity. They consistently report zero liabilities, no officer compensation, and have shown consistent asset growth, indicating strong financial health and a direct commitment to their mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, especially in recent years. While there were periods of higher expenses than revenue (e.g., 201906, 201806), the last three periods (202206-202406) show consistent revenue exceeding expenses, leading to asset growth from $158,422 to $217,248.
What is the organization's approach to executive compensation?
Red Oak Volunteer Fire & Rescue reports 0% officer compensation in all available filings, indicating that its leadership serves on a volunteer basis, which is a significant strength in terms of directing funds to programs.
Filing History
IRS 990 filing history for Red Oak Volunteer Fire & Rescue showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2024), Red Oak Volunteer Fire & Rescue's revenue has declined by 45.5%, moving from $119K to $65K. Total assets decreased by 4.8% over the same period, from $228K to $217K. Total functional expenses fell by 56.3%, from $76K to $33K. In its most recent filing year (2024), Red Oak Volunteer Fire & Rescue reported a surplus of $31K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $65K | $33K | $217K | $0 | — | — |
| 2023 | $78K | $51K | $186K | $0 | — | View 990 |
| 2022 | $56K | $40K | $158K | $0 | — | View 990 |
| 2019 | $35K | $52K | $154K | $0 | — | View 990 |
| 2018 | $47K | $57K | $171K | $0 | — | View 990 |
| 2017 | $110K | $52K | $181K | $0 | — | View 990 |
| 2016 | $42K | $71K | $123K | $0 | — | View 990 |
| 2015 | $60K | $65K | $153K | $0 | — | View 990 |
| 2014 | $47K | $64K | $158K | $0 | — | View 990 |
| 2013 | $30K | $83K | $175K | $0 | — | View 990 |
| 2012 | $119K | $76K | $228K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $65K, expenses of $33K, and assets of $217K (revenue -17.3% year-over-year).
- 2023: Revenue of $78K, expenses of $51K, and assets of $186K (revenue +39.9% year-over-year).
- 2022: Revenue of $56K, expenses of $40K, and assets of $158K (revenue +60.5% year-over-year).
- 2019: Revenue of $35K, expenses of $52K, and assets of $154K (revenue -26.2% year-over-year).
- 2018: Revenue of $47K, expenses of $57K, and assets of $171K (revenue -57.1% year-over-year).
- 2017: Revenue of $110K, expenses of $52K, and assets of $181K (revenue +165.2% year-over-year).
- 2016: Revenue of $42K, expenses of $71K, and assets of $123K (revenue -30.6% year-over-year).
- 2015: Revenue of $60K, expenses of $65K, and assets of $153K (revenue +27.4% year-over-year).
- 2014: Revenue of $47K, expenses of $64K, and assets of $158K (revenue +55.5% year-over-year).
- 2013: Revenue of $30K, expenses of $83K, and assets of $175K (revenue -74.6% year-over-year).
- 2012: Revenue of $119K, expenses of $76K, and assets of $228K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Oak Volunteer Fire & Rescue:
Data Sources and Methodology
This transparency report for Red Oak Volunteer Fire & Rescue 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.