Roseland Volunteer Fire Department
Roseland Volunteer Fire Department consistently operates with a surplus and zero executive compensation, growing assets while reducing liabilities.
EIN: 202572108 · Clarendon, NC · NTEE: M24 · Updated: 2026-03-28
Is Roseland Volunteer Fire Department Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Roseland Volunteer Fire Department directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Roseland Volunteer Fire Department
Roseland Volunteer Fire Department (EIN: 202572108) is a nonprofit organization based in Clarendon, NC, classified under NTEE code M24. The organization reported total revenue of $214K and total assets of $508K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Roseland Volunteer Fire Department's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Roseland Volunteer Fire Department is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $150K |
| Surplus / Deficit | +$25K |
| Total Assets | $524K |
| Total Liabilities | $224K |
| Net Assets | $300K |
| Operating Margin | 14.2% |
| Debt-to-Asset Ratio | 42.7% |
| Months of Reserves | 42.0 months |
Financial Health Grade: A
In 2023, Roseland Volunteer Fire Department reported a surplus of $25K with revenue exceeding expenses, holds 42.0 months of operating reserves (strong position), has a debt-to-asset ratio of 42.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Roseland Volunteer Fire Department's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | -4.7% | -3.4% |
| 2022 | +28.8% | +15.3% | +-0.0% |
| 2021 | -5.1% | +20.7% | -4.1% |
| 2020 | -36.7% | +36.9% | +57.5% |
| 2019 | +73.7% | -17.9% | +68.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Roseland Volunteer Fire Department 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Roseland Volunteer Fire Department allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 $25K, with revenue exceeding expenses.
- Debt-to-asset ratio: 42.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization operates entirely with volunteer leadership, which is highly commendable for an organization of its size with revenues consistently above $100,000.
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 Roseland Volunteer Fire Department:
- Consistent financial surpluses, with revenue exceeding expenses in most years (e.g., $174,610 revenue vs. $149,838 expenses in 2023).
- Zero reported officer compensation across all filings, indicating a highly efficient and volunteer-driven leadership structure.
- Significant growth in assets from $119,537 in 2014 to $524,073 in 2023, enhancing long-term capacity.
- Decreasing trend in liabilities in recent years, improving the organization's financial health and reducing debt.
- Strong program focus, as a volunteer fire department, with virtually all expenses directly supporting its mission.
Frequently Asked Questions about Roseland Volunteer Fire Department
Is Roseland Volunteer Fire Department a legitimate charity?
Based on AI analysis of IRS 990 filings, Roseland Volunteer Fire Department (EIN: 202572108) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Roseland Volunteer Fire Department spend its money?
Roseland Volunteer Fire Department directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Roseland Volunteer Fire Department tax-deductible?
Roseland Volunteer Fire Department is registered as a tax-exempt nonprofit (EIN: 202572108). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Roseland Volunteer Fire Department a good charity?
Based on its financial data, Roseland Volunteer Fire Department appears to be a very good charity. It consistently operates with a surplus, has zero executive compensation, and has significantly grown its assets while reducing liabilities, all indicative of strong financial health and efficient use of funds.
How has the organization's asset base changed over time?
The organization's assets have shown substantial growth, increasing from $119,537 in 2014 to $524,073 in 2023, demonstrating effective asset accumulation and financial stability.
What is the trend in the organization's liabilities?
Liabilities have generally decreased in recent years, from a peak of $349,654 in 2020 to $223,596 in 2023, indicating improved financial leverage and reduced debt burden.
Filing History
IRS 990 filing history for Roseland Volunteer Fire Department showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Roseland Volunteer Fire Department's revenue has grown by 127.4%, moving from $77K to $175K. Total assets increased by 99.9% over the same period, from $262K to $524K. Total functional expenses rose by 5.5%, from $142K to $150K. In its most recent filing year (2023), Roseland Volunteer Fire Department reported a surplus of $25K, with revenue exceeding expenses. The organization holds $224K in liabilities against $524K in assets (debt-to-asset ratio: 42.7%), resulting in net assets of $300K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $150K | $524K | $224K | — | — |
| 2022 | $199K | $157K | $542K | $267K | — | — |
| 2021 | $154K | $136K | $543K | $309K | — | View 990 |
| 2020 | $163K | $113K | $566K | $350K | — | View 990 |
| 2019 | $257K | $83K | $359K | $193K | — | View 990 |
| 2018 | $148K | $101K | $213K | $222K | — | View 990 |
| 2017 | $142K | $107K | $194K | $250K | — | View 990 |
| 2016 | $134K | $77K | $187K | $277K | — | View 990 |
| 2015 | $156K | $94K | $156K | $303K | — | View 990 |
| 2014 | $90K | $116K | $120K | $329K | — | View 990 |
| 2013 | $93K | $112K | $152K | $336K | — | View 990 |
| 2012 | $126K | $150K | $186K | $350K | — | View 990 |
| 2011 | $90K | $108K | $227K | $367K | — | View 990 |
| 2010 | $77K | $142K | $262K | $383K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $150K, and assets of $524K (revenue -12.2% year-over-year).
- 2022: Revenue of $199K, expenses of $157K, and assets of $542K (revenue +28.8% year-over-year).
- 2021: Revenue of $154K, expenses of $136K, and assets of $543K (revenue -5.1% year-over-year).
- 2020: Revenue of $163K, expenses of $113K, and assets of $566K (revenue -36.7% year-over-year).
- 2019: Revenue of $257K, expenses of $83K, and assets of $359K (revenue +73.7% year-over-year).
- 2018: Revenue of $148K, expenses of $101K, and assets of $213K (revenue +4.3% year-over-year).
- 2017: Revenue of $142K, expenses of $107K, and assets of $194K (revenue +5.9% year-over-year).
- 2016: Revenue of $134K, expenses of $77K, and assets of $187K (revenue -14.0% year-over-year).
- 2015: Revenue of $156K, expenses of $94K, and assets of $156K (revenue +72.9% year-over-year).
- 2014: Revenue of $90K, expenses of $116K, and assets of $120K (revenue -2.7% year-over-year).
- 2013: Revenue of $93K, expenses of $112K, and assets of $152K (revenue -26.3% year-over-year).
- 2012: Revenue of $126K, expenses of $150K, and assets of $186K (revenue +40.3% year-over-year).
- 2011: Revenue of $90K, expenses of $108K, and assets of $227K (revenue +16.8% year-over-year).
- 2010: Revenue of $77K, expenses of $142K, and assets of $262K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Roseland Volunteer Fire Department:
Data Sources and Methodology
This transparency report for Roseland Volunteer Fire Department 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.