Scotland Volunteer Fire Department Incorporated
Scotland Volunteer Fire Department consistently operates with 0% officer compensation, showing strong volunteer commitment.
EIN: 201415261 · Scotland, CT · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $336K |
| Total Expenses | $195K |
| Program Spending | 90% |
| Net Assets | $246K |
| Transparency Score | 92/100 |
Is Scotland Volunteer Fire Department Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scotland Volunteer Fire Department Incorporated directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scotland Volunteer Fire Department Incorporated
Scotland Volunteer Fire Department Incorporated (EIN: 201415261) is a nonprofit organization based in Scotland, CT, classified under NTEE code M24. The organization reported total revenue of $336K and total assets of $447K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scotland Volunteer Fire Department Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scotland Volunteer Fire Department Incorporated is a small nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $195K |
| Surplus / Deficit | $-19,961 |
| Total Assets | $468K |
| Total Liabilities | $221K |
| Net Assets | $246K |
| Operating Margin | -11.4% |
| Debt-to-Asset Ratio | 47.3% |
| Months of Reserves | 28.7 months |
Financial Health Grade: B
In 2023, Scotland Volunteer Fire Department Incorporated reported a deficit of $20K with expenses exceeding revenue, holds 28.7 months of operating reserves (strong position), has a debt-to-asset ratio of 47.3% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Scotland Volunteer Fire Department Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.0% | +26.3% | +73.4% |
| 2022 | -26.5% | -8.7% | -1.0% |
| 2021 | +68.2% | +2.3% | +18.7% |
| 2020 | -16.6% | +7.7% | -14.5% |
| 2019 | -3.7% | -6.7% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 Scotland Volunteer Fire Department Incorporated with a Mission Score of 92 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: 90%
- fundraising: 5%
According to IRS 990 filings, Scotland Volunteer Fire Department Incorporated allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. 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 $20K, with expenses exceeding revenue.
- Debt-to-asset ratio: 47.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for an organization of its size and mission.
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 Scotland Volunteer Fire Department Incorporated's IRS 990 filings:
- Significant increase in liabilities in 202306 ($221,374) compared to previous years, warranting further scrutiny.
Strengths
The following positive indicators were identified for Scotland Volunteer Fire Department Incorporated:
- Consistent 0% officer compensation across all filings, demonstrating strong volunteer commitment.
- Healthy asset base, reaching $467,821 in 202306, indicating financial stability.
- Long history of IRS 990 filings (12 filings), suggesting transparency and consistent reporting.
- Strong program focus, as implied by the nature of a volunteer fire department and lack of executive compensation.
Frequently Asked Questions about Scotland Volunteer Fire Department Incorporated
Is Scotland Volunteer Fire Department Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Scotland Volunteer Fire Department Incorporated (EIN: 201415261) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Scotland Volunteer Fire Department Incorporated spend its money?
Scotland Volunteer Fire Department Incorporated directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scotland Volunteer Fire Department Incorporated tax-deductible?
Scotland Volunteer Fire Department Incorporated is registered as a tax-exempt nonprofit (EIN: 201415261). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Scotland Volunteer Fire Department Incorporated's spending goes to programs?
Scotland Volunteer Fire Department Incorporated directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scotland Volunteer Fire Department Incorporated compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Scotland Volunteer Fire Department Incorporated 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 Scotland Volunteer Fire Department Incorporated located?
Scotland Volunteer Fire Department Incorporated is headquartered in Scotland, Connecticut and files with the IRS under EIN 201415261. It is classified under NTEE code M24.
How many years of IRS 990 filings does Scotland Volunteer Fire Department Incorporated have?
Scotland Volunteer Fire Department Incorporated has 12 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 $336K in total revenue.
Is Scotland Volunteer Fire Department Incorporated a good charity?
Based on the provided data, the Scotland Volunteer Fire Department Incorporated appears to be a very good charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its assets are substantial, and while expenses sometimes exceed revenue, this is typical for emergency services. The significant increase in liabilities in 202306 should be examined for context, but overall, its operational efficiency and volunteer commitment are strong indicators of a well-run organization.
What caused the significant increase in liabilities in 202306?
The IRS 990 data shows liabilities increased from $3,363 in 202206 to $221,374 in 202306. This substantial jump could be due to various factors such as a loan for new equipment, a mortgage for a facility upgrade, or deferred payments. Further investigation into the specific details of the 202306 filing would be needed to understand the nature of these liabilities.
How does the organization sustain itself with expenses often exceeding revenue?
While expenses have exceeded revenue in several periods (e.g., 202306, 202206, 202006), the organization maintains healthy asset levels, reaching $467,821 in 202306. This suggests they may draw from reserves, receive significant non-cash contributions, or have multi-year grants that are not fully reflected in annual revenue figures, allowing them to cover operational costs despite periodic deficits.
Filing History
IRS 990 filing history for Scotland Volunteer Fire Department Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Scotland Volunteer Fire Department Incorporated's revenue has grown by 13.7%, moving from $154K to $175K. Total assets decreased by 22.1% over the same period, from $601K to $468K. Total functional expenses fell by 12.2%, from $223K to $195K. In its most recent filing year (2023), Scotland Volunteer Fire Department Incorporated reported a deficit of $20K, with expenses exceeding revenue. The organization holds $221K in liabilities against $468K in assets (debt-to-asset ratio: 47.3%), resulting in net assets of $246K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $195K | $468K | $221K | — | View 990 |
| 2022 | $154K | $155K | $270K | $3K | — | View 990 |
| 2021 | $209K | $169K | $273K | $5K | — | View 990 |
| 2020 | $124K | $166K | $230K | $3K | — | View 990 |
| 2019 | $149K | $154K | $269K | $482 | — | View 990 |
| 2018 | $155K | $165K | $275K | $2K | — | View 990 |
| 2017 | $112K | $129K | $284K | $1K | — | View 990 |
| 2016 | $109K | $153K | $307K | $8K | — | View 990 |
| 2015 | $102K | $153K | $357K | $13K | — | View 990 |
| 2014 | $107K | $198K | $416K | $22K | — | View 990 |
| 2013 | $113K | $190K | $515K | $30K | — | View 990 |
| 2012 | $154K | $223K | $601K | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $195K, and assets of $468K (revenue +14.0% year-over-year).
- 2022: Revenue of $154K, expenses of $155K, and assets of $270K (revenue -26.5% year-over-year).
- 2021: Revenue of $209K, expenses of $169K, and assets of $273K (revenue +68.2% year-over-year).
- 2020: Revenue of $124K, expenses of $166K, and assets of $230K (revenue -16.6% year-over-year).
- 2019: Revenue of $149K, expenses of $154K, and assets of $269K (revenue -3.7% year-over-year).
- 2018: Revenue of $155K, expenses of $165K, and assets of $275K (revenue +37.7% year-over-year).
- 2017: Revenue of $112K, expenses of $129K, and assets of $284K (revenue +3.2% year-over-year).
- 2016: Revenue of $109K, expenses of $153K, and assets of $307K (revenue +6.7% year-over-year).
- 2015: Revenue of $102K, expenses of $153K, and assets of $357K (revenue -4.4% year-over-year).
- 2014: Revenue of $107K, expenses of $198K, and assets of $416K (revenue -5.3% year-over-year).
- 2013: Revenue of $113K, expenses of $190K, and assets of $515K (revenue -26.9% year-over-year).
- 2012: Revenue of $154K, expenses of $223K, and assets of $601K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scotland Volunteer Fire Department Incorporated:
Data Sources and Methodology
This transparency report for Scotland Volunteer Fire Department Incorporated 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.