Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue
Samoset Fire Co maintains strong asset growth and no officer compensation over a decade.
EIN: 10455163 · Pemaquid, ME · NTEE: M24Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $115K |
| Total Expenses | $76K |
| Program Spending | 90% |
| Net Assets | $2.9M |
| Transparency Score | 90/100 |
Is Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue (EIN: 10455163) is a nonprofit organization based in Pemaquid, ME, classified under NTEE code M24Z. The organization reported total revenue of $115K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue is a small nonprofit that has been operating for 31 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $34K |
| Total Expenses | $76K |
| Surplus / Deficit | $-42,283 |
| Total Assets | $2.9M |
| Total Liabilities | $17K |
| Net Assets | $2.9M |
| Operating Margin | -125.4% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 456.1 months |
Financial Health Grade: B
In 2023, Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue reported a deficit of $42K with expenses exceeding revenue, holds 456.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue's revenue has declined at a compound annual growth rate (CAGR) of -7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -81.6% | +2.4% | +12.4% |
| 2022 | +147.7% | -5.0% | -12.8% |
| 2021 | +10.1% | +22.0% | +17.9% |
| 2020 | -15.0% | +19.9% | +15.0% |
| 2019 | -10.2% | -3.3% | +24.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue with a Mission Score of 90 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, Samoset Fire Co Of Bristol C/O Bristol Fire And 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $42K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization, which is a positive sign 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.
Strengths
The following positive indicators were identified for Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue:
- Strong asset growth, from $1,379,773 in 2014 to $2,888,719 in 2023.
- Consistent 0% officer compensation, indicating volunteer leadership and efficient resource allocation.
- Low liabilities relative to assets, demonstrating financial stability.
- Consistent program focus as a volunteer fire department (NTEE M24Z).
Frequently Asked Questions about Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue
Is Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue a legitimate charity?
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue (EIN: 10455163) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $115K. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue spend its money?
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue tax-deductible?
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue is registered as a tax-exempt nonprofit (EIN: 10455163). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue is above average for NTEE category M24Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue located?
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue is headquartered in Pemaquid, Maine and files with the IRS under EIN 10455163. It is classified under NTEE code M24Z.
How many years of IRS 990 filings does Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue have?
Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue has 13 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 $115K in total revenue.
Is Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue a good charity?
Based on the financial data, Samoset Fire Co appears to be a well-managed organization. It has consistently grown its assets, maintained low liabilities, and reported no officer compensation, suggesting efficient use of funds and a strong volunteer commitment to its mission.
How has the organization's financial health changed over the last decade?
The organization's financial health has significantly improved over the last decade, with assets more than doubling from $1,379,773 in 2014 to $2,888,719 in 2023. While revenue and expenses fluctuate year-to-year, the overall trend shows strong asset accumulation and financial stability.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based. This is a strong positive for a nonprofit, as it means all funds can be directed towards its operational mission.
Filing History
IRS 990 filing history for Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue's revenue has declined by 61.9%, moving from $88K to $34K. Total assets increased by 203% over the same period, from $953K to $2.9M. Total functional expenses rose by 370.2%, from $16K to $76K. In its most recent filing year (2023), Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue reported a deficit of $42K, with expenses exceeding revenue. The organization holds $17K in liabilities against $2.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $2.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $34K | $76K | $2.9M | $17K | — | — |
| 2022 | $184K | $74K | $2.6M | $25K | — | View 990 |
| 2021 | $74K | $78K | $2.9M | $32K | — | View 990 |
| 2020 | $67K | $64K | $2.5M | $0 | — | View 990 |
| 2019 | $79K | $53K | $2.2M | $7K | — | View 990 |
| 2018 | $88K | $55K | $1.7M | $15K | — | View 990 |
| 2017 | $61K | $58K | $1.7M | $23K | — | View 990 |
| 2016 | $49K | $62K | $1.5M | $30K | — | View 990 |
| 2015 | $81K | $48K | $1.4M | $37K | — | View 990 |
| 2014 | $122K | $41K | $1.4M | $0 | — | View 990 |
| 2013 | $241K | $24K | $1.3M | $0 | — | View 990 |
| 2012 | $148K | $19K | $1.1M | $0 | — | View 990 |
| 2011 | $88K | $16K | $953K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $34K, expenses of $76K, and assets of $2.9M (revenue -81.6% year-over-year).
- 2022: Revenue of $184K, expenses of $74K, and assets of $2.6M (revenue +147.7% year-over-year).
- 2021: Revenue of $74K, expenses of $78K, and assets of $2.9M (revenue +10.1% year-over-year).
- 2020: Revenue of $67K, expenses of $64K, and assets of $2.5M (revenue -15.0% year-over-year).
- 2019: Revenue of $79K, expenses of $53K, and assets of $2.2M (revenue -10.2% year-over-year).
- 2018: Revenue of $88K, expenses of $55K, and assets of $1.7M (revenue +44.9% year-over-year).
- 2017: Revenue of $61K, expenses of $58K, and assets of $1.7M (revenue +24.6% year-over-year).
- 2016: Revenue of $49K, expenses of $62K, and assets of $1.5M (revenue -39.4% year-over-year).
- 2015: Revenue of $81K, expenses of $48K, and assets of $1.4M (revenue -33.7% year-over-year).
- 2014: Revenue of $122K, expenses of $41K, and assets of $1.4M (revenue -49.5% year-over-year).
- 2013: Revenue of $241K, expenses of $24K, and assets of $1.3M (revenue +62.4% year-over-year).
- 2012: Revenue of $148K, expenses of $19K, and assets of $1.1M (revenue +67.6% year-over-year).
- 2011: Revenue of $88K, expenses of $16K, and assets of $953K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Samoset Fire Co Of Bristol C/O Bristol Fire And Rescue:
Data Sources and Methodology
This transparency report for Samoset Fire Co Of Bristol C/O Bristol Fire And 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.