Saco Valley Fire Association
Saco Valley Fire Association shows consistent asset growth and zero liabilities over a decade, with no reported officer compensation.
EIN: 16043522 · Fryeburg, ME · Updated: 2026-03-28
Is Saco Valley Fire Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Saco Valley Fire Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Saco Valley Fire Association
Saco Valley Fire Association (EIN: 16043522) is a nonprofit organization based in Fryeburg, ME. The organization reported total revenue of $259K and total assets of $436K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saco Valley Fire Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saco Valley Fire Association is a small nonprofit that has been operating for 52 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $146K |
| Total Expenses | $138K |
| Surplus / Deficit | +$8K |
| Total Assets | $311K |
| Net Assets | $311K |
| Operating Margin | 5.4% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Saco Valley Fire Association reported a surplus of $8K with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Saco Valley Fire Association's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.4% | +59.8% | +2.6% |
| 2022 | +99.4% | +23.9% | +25.5% |
| 2021 | -30.4% | -19.1% | +1.9% |
| 2020 | +13.5% | +26.9% | +9.5% |
| 2019 | +26.5% | -20.6% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1974 |
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 Saco Valley Fire Association 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: 90%
- fundraising: 0%
According to IRS 990 filings, Saco Valley Fire Association 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $8K, with revenue exceeding expenses.
Executive Compensation Analysis
The Saco Valley Fire Association consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is highly favorable for resource allocation.
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 Saco Valley Fire Association's IRS 990 filings:
- NTEE Code is unknown, limiting classification and comparative analysis.
Strengths
The following positive indicators were identified for Saco Valley Fire Association:
- Consistent asset growth, increasing from $197,531 in 2014 to $310,624 in 2023.
- Zero liabilities reported across all 10 years of filings, indicating excellent financial health.
- No reported officer compensation, suggesting efficient use of funds for mission-related activities.
- Consistent operational surpluses in most years, contributing to asset accumulation.
- Long history of IRS 990 filings (10 years), demonstrating transparency and consistent reporting.
Frequently Asked Questions about Saco Valley Fire Association
Is Saco Valley Fire Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Saco Valley Fire Association (EIN: 16043522) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Saco Valley Fire Association spend its money?
Saco Valley Fire Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Saco Valley Fire Association tax-deductible?
Saco Valley Fire Association is registered as a tax-exempt nonprofit (EIN: 16043522). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Saco Valley Fire Association financially stable?
Yes, the Saco Valley Fire Association demonstrates strong financial stability, consistently increasing its assets from $197,531 in 2014 to $310,624 in 2023 and maintaining zero liabilities throughout the decade.
How much does Saco Valley Fire Association spend on executive salaries?
The Saco Valley Fire Association reports 0% officer compensation in all available IRS 990 filings, indicating no salaries are paid to officers.
Has Saco Valley Fire Association's revenue been growing?
Yes, the organization's revenue has generally trended upwards, from $62,313 in 2014 to $145,733 in 2023, though with some year-to-year fluctuations.
What is the organization's liability situation?
The Saco Valley Fire Association consistently reports $0 in liabilities across all 10 years of filings, indicating a very healthy financial position with no debt.
Filing History
IRS 990 filing history for Saco Valley Fire Association showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Saco Valley Fire Association's revenue has grown by 133.9%, moving from $62K to $146K. Total assets increased by 57.3% over the same period, from $198K to $311K. Total functional expenses rose by 200%, from $46K to $138K. In its most recent filing year (2023), Saco Valley Fire Association reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $146K | $138K | $311K | $0 | — | — |
| 2022 | $148K | $86K | $303K | $0 | — | View 990 |
| 2021 | $74K | $70K | $241K | $0 | — | View 990 |
| 2020 | $107K | $86K | $237K | $0 | — | View 990 |
| 2019 | $94K | $68K | $216K | $0 | — | View 990 |
| 2018 | $74K | $85K | $190K | $0 | — | View 990 |
| 2017 | $70K | $90K | $201K | $0 | — | View 990 |
| 2016 | $67K | $55K | $221K | $0 | — | View 990 |
| 2015 | $59K | $48K | $209K | $0 | — | View 990 |
| 2014 | $62K | $46K | $198K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $146K, expenses of $138K, and assets of $311K (revenue -1.4% year-over-year).
- 2022: Revenue of $148K, expenses of $86K, and assets of $303K (revenue +99.4% year-over-year).
- 2021: Revenue of $74K, expenses of $70K, and assets of $241K (revenue -30.4% year-over-year).
- 2020: Revenue of $107K, expenses of $86K, and assets of $237K (revenue +13.5% year-over-year).
- 2019: Revenue of $94K, expenses of $68K, and assets of $216K (revenue +26.5% year-over-year).
- 2018: Revenue of $74K, expenses of $85K, and assets of $190K (revenue +5.5% year-over-year).
- 2017: Revenue of $70K, expenses of $90K, and assets of $201K (revenue +4.2% year-over-year).
- 2016: Revenue of $67K, expenses of $55K, and assets of $221K (revenue +14.2% year-over-year).
- 2015: Revenue of $59K, expenses of $48K, and assets of $209K (revenue -5.2% year-over-year).
- 2014: Revenue of $62K, expenses of $46K, and assets of $198K.
Data Sources and Methodology
This transparency report for Saco Valley Fire 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.