Salem Fire And Rescue Association Inc
Salem Fire And Rescue Association Inc shows recent financial recovery and consistent asset growth after periods of deficit spending.
EIN: 201394704 · Salem, IA · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12K |
| Total Expenses | $11K |
| Program Spending | 90% |
| Net Assets | $35K |
| Transparency Score | 85/100 |
Is Salem Fire And Rescue Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Salem Fire And Rescue Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Salem Fire And Rescue Association Inc
Salem Fire And Rescue Association Inc (EIN: 201394704) is a nonprofit organization based in Salem, IA, classified under NTEE code M24. The organization reported total revenue of $12K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Salem Fire And Rescue Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Salem Fire And Rescue Association Inc is a micro nonprofit that has been operating for 22 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of -21.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18K |
| Total Expenses | $11K |
| Surplus / Deficit | +$6K |
| Total Assets | $35K |
| Net Assets | $35K |
| Operating Margin | 35.0% |
| Months of Reserves | 36.3 months |
Financial Health Grade: A
In 2023, Salem Fire And Rescue Association Inc reported a surplus of $6K with revenue exceeding expenses, holds 36.3 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Salem Fire And Rescue Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -21.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.2% | -46.3% | +42.8% |
| 2022 | +137.1% | +28.1% | +96.0% |
| 2021 | -1.2% | -50.2% | +240.7% |
| 2020 | -78.8% | -35.3% | -44.4% |
| 2019 | +143.9% | +32.5% | -38.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Salem Fire And Rescue Association 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: 90%
- fundraising: 0%
According to IRS 990 filings, Salem Fire And Rescue Association Inc 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 $6K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0%, indicating that the organization's leadership is likely volunteer-based or compensated through other means not classified as officer compensation, which is appropriate for an organization of this size and revenue level.
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 Salem Fire And Rescue Association Inc's IRS 990 filings:
- History of significant deficit spending in prior years (e.g., 2019 expenses $51,510 vs. revenue $47,358; 2020 expenses $33,331 vs. revenue $10,033)
- Fluctuating revenue streams, indicating potential reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for Salem Fire And Rescue Association Inc:
- Consistent positive net income in recent years (2022 and 2023), indicating financial recovery.
- Zero liabilities reported across all filings, demonstrating strong financial management and no debt burden.
- Zero officer compensation reported, suggesting efficient use of funds and potentially volunteer leadership.
- Steady growth in assets from $3,622 in 2020 to $34,549 in 2023, indicating increasing financial stability.
- Consistent IRS 990 filing history, demonstrating transparency.
Frequently Asked Questions about Salem Fire And Rescue Association Inc
Is Salem Fire And Rescue Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Salem Fire And Rescue Association Inc (EIN: 201394704) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Salem Fire And Rescue Association Inc spend its money?
Salem Fire And Rescue Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Salem Fire And Rescue Association Inc tax-deductible?
Salem Fire And Rescue Association Inc is registered as a tax-exempt nonprofit (EIN: 201394704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Salem Fire And Rescue Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Salem Fire And Rescue Association Inc is above average for NTEE category M24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Salem Fire And Rescue Association Inc located?
Salem Fire And Rescue Association Inc is headquartered in Salem, Iowa and files with the IRS under EIN 201394704. It is classified under NTEE code M24.
How many years of IRS 990 filings does Salem Fire And Rescue Association Inc have?
Salem Fire And Rescue Association Inc has 7 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 $12K in total revenue.
Is Salem Fire And Rescue Association Inc a good charity?
Based on the available data, Salem Fire And Rescue Association Inc appears to be a good charity, especially given its recent financial recovery and consistent lack of liabilities and officer compensation. Its focus on local fire and rescue services (implied by NTEE code M24) suggests a direct community benefit. The absence of officer compensation and liabilities are strong positive indicators.
How has the organization's financial health changed over time?
The organization's financial health has been volatile. It experienced significant deficits in 2018, 2019, 2020, and 2021, where expenses far exceeded revenue. However, it has shown a strong recovery in 2022 and 2023, with revenue exceeding expenses and a steady increase in assets from $3,622 in 2020 to $34,549 in 2023.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all available filings. This suggests a volunteer-driven leadership or that any compensation is not classified under officer compensation, which is a positive sign for a small nonprofit.
Filing History
IRS 990 filing history for Salem Fire And Rescue Association Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Salem Fire And Rescue Association Inc's revenue has declined by 76.7%, moving from $75K to $18K. Total assets decreased by 29.4% over the same period, from $49K to $35K. Total functional expenses fell by 56.7%, from $26K to $11K. In its most recent filing year (2023), Salem Fire And Rescue Association Inc reported a surplus of $6K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18K | $11K | $35K | $0 | — | View 990 |
| 2022 | $23K | $21K | $24K | $0 | — | View 990 |
| 2021 | $10K | $17K | $12K | $0 | — | — |
| 2020 | $10K | $33K | $4K | $0 | — | — |
| 2019 | $47K | $52K | $7K | $0 | — | View 990 |
| 2018 | $19K | $39K | $11K | $0 | — | View 990 |
| 2017 | $75K | $26K | $49K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18K, expenses of $11K, and assets of $35K (revenue -25.2% year-over-year).
- 2022: Revenue of $23K, expenses of $21K, and assets of $24K (revenue +137.1% year-over-year).
- 2021: Revenue of $10K, expenses of $17K, and assets of $12K (revenue -1.2% year-over-year).
- 2020: Revenue of $10K, expenses of $33K, and assets of $4K (revenue -78.8% year-over-year).
- 2019: Revenue of $47K, expenses of $52K, and assets of $7K (revenue +143.9% year-over-year).
- 2018: Revenue of $19K, expenses of $39K, and assets of $11K (revenue -74.2% year-over-year).
- 2017: Revenue of $75K, expenses of $26K, and assets of $49K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Salem Fire And Rescue Association Inc:
Data Sources and Methodology
This transparency report for Salem Fire And Rescue Association 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.