Red Wing Fire Department Relief Association
EIN: 416027649 · Red Wing, MN · NTEE: M12
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $27K |
| Net Assets | $2.0M |
Is Red Wing Fire Department Relief Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Red Wing Fire Department Relief Association
Red Wing Fire Department Relief Association (EIN: 416027649) is a nonprofit organization based in Red Wing, MN, classified under NTEE code M12. The organization reported total revenue of $2.0M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Red Wing Fire Department Relief Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Red Wing Fire Department Relief Association is a mid-size nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $198K |
| Total Expenses | $27K |
| Surplus / Deficit | +$171K |
| Total Assets | $2.1M |
| Total Liabilities | $21K |
| Net Assets | $2.0M |
| Operating Margin | 86.2% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 903.6 months |
Financial Health Grade: A
In 2023, Red Wing Fire Department Relief Association reported a surplus of $171K with revenue exceeding expenses, holds 903.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), Red Wing Fire Department Relief Association's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +91.1% | +26.6% | +16.0% |
| 2022 | -39.1% | -87.0% | -3.2% |
| 2021 | +2.7% | +472.7% | +5.8% |
| 2020 | -65.9% | -92.5% | +15.0% |
| 2019 | +248.1% | +1214.1% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1600 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Red Wing Fire Department Relief Association 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 Red Wing Fire Department Relief Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $171K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Frequently Asked Questions about Red Wing Fire Department Relief Association
Is Red Wing Fire Department Relief Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Red Wing Fire Department Relief Association (EIN: 416027649) insufficient data. 0 red flags identified, 0 strengths noted.
How does Red Wing Fire Department Relief Association spend its money?
Detailed spending breakdown data is not yet available for Red Wing Fire Department Relief Association. Check back for updated IRS 990 analysis.
Are donations to Red Wing Fire Department Relief Association tax-deductible?
Red Wing Fire Department Relief Association is registered as a tax-exempt nonprofit (EIN: 416027649). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Red Wing Fire Department Relief Association located?
Red Wing Fire Department Relief Association is headquartered in Red Wing, Minnesota and files with the IRS under EIN 416027649. It is classified under NTEE code M12.
How many years of IRS 990 filings does Red Wing Fire Department Relief Association have?
Red Wing Fire Department Relief Association has 6 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 $2.0M in total revenue.
Filing History
IRS 990 filing history for Red Wing Fire Department Relief Association showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Red Wing Fire Department Relief Association's revenue has grown by 41.7%, moving from $140K to $198K. Total assets increased by 36.4% over the same period, from $1.5M to $2.1M. Total functional expenses fell by 6.9%, from $29K to $27K. In its most recent filing year (2023), Red Wing Fire Department Relief Association reported a surplus of $171K, with revenue exceeding expenses. The organization holds $21K in liabilities against $2.1M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $198K | $27K | $2.1M | $21K | — | — |
| 2022 | $104K | $22K | $1.8M | $0 | — | View 990 |
| 2021 | $170K | $165K | $1.8M | $0 | — | View 990 |
| 2020 | $166K | $29K | $1.7M | $0 | — | View 990 |
| 2019 | $486K | $385K | $1.5M | $0 | — | View 990 |
| 2018 | $140K | $29K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $198K, expenses of $27K, and assets of $2.1M (revenue +91.1% year-over-year).
- 2022: Revenue of $104K, expenses of $22K, and assets of $1.8M (revenue -39.1% year-over-year).
- 2021: Revenue of $170K, expenses of $165K, and assets of $1.8M (revenue +2.7% year-over-year).
- 2020: Revenue of $166K, expenses of $29K, and assets of $1.7M (revenue -65.9% year-over-year).
- 2019: Revenue of $486K, expenses of $385K, and assets of $1.5M (revenue +248.1% year-over-year).
- 2018: Revenue of $140K, expenses of $29K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Red Wing Fire Department Relief Association:
Data Sources and Methodology
This transparency report for Red Wing Fire Department Relief Association 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.