Sequatchie Area Volunteer Fire Asso Inc
EIN: 621836033 · Sequatchie, TN · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $74K |
| Total Expenses | $74K |
| Net Assets | $178K |
Is Sequatchie Area Volunteer Fire Asso Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sequatchie Area Volunteer Fire Asso Inc
Sequatchie Area Volunteer Fire Asso Inc (EIN: 621836033) is a nonprofit organization based in Sequatchie, TN, classified under NTEE code M24. The organization reported total revenue of $74K and total assets of $281K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sequatchie Area Volunteer Fire Asso Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sequatchie Area Volunteer Fire Asso Inc is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $74K |
| Surplus / Deficit | $-28,724 |
| Total Assets | $291K |
| Total Liabilities | $113K |
| Net Assets | $178K |
| Operating Margin | -62.8% |
| Debt-to-Asset Ratio | 38.7% |
| Months of Reserves | 46.9 months |
Financial Health Grade: B
In 2023, Sequatchie Area Volunteer Fire Asso Inc reported a deficit of $29K with expenses exceeding revenue, holds 46.9 months of operating reserves (strong position), has a debt-to-asset ratio of 38.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sequatchie Area Volunteer Fire Asso Inc's revenue has declined at a compound annual growth rate (CAGR) of -14.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.9% | +14.7% | -10.4% |
| 2022 | -3.8% | -5.0% | -6.5% |
| 2021 | +11.8% | -4.3% | -6.5% |
| 2020 | -14.5% | -10.9% | -7.8% |
| 2019 | -20.3% | +13.0% | -6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sequatchie Area Volunteer Fire Asso Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sequatchie Area Volunteer Fire Asso Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 38.7%.
Frequently Asked Questions about Sequatchie Area Volunteer Fire Asso Inc
Is Sequatchie Area Volunteer Fire Asso Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sequatchie Area Volunteer Fire Asso Inc (EIN: 621836033) insufficient data. 0 red flags identified, 0 strengths noted.
How does Sequatchie Area Volunteer Fire Asso Inc spend its money?
Detailed spending breakdown data is not yet available for Sequatchie Area Volunteer Fire Asso Inc. Check back for updated IRS 990 analysis.
Are donations to Sequatchie Area Volunteer Fire Asso Inc tax-deductible?
Sequatchie Area Volunteer Fire Asso Inc is registered as a tax-exempt nonprofit (EIN: 621836033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sequatchie Area Volunteer Fire Asso Inc located?
Sequatchie Area Volunteer Fire Asso Inc is headquartered in Sequatchie, Tennessee and files with the IRS under EIN 621836033. It is classified under NTEE code M24.
How many years of IRS 990 filings does Sequatchie Area Volunteer Fire Asso Inc have?
Sequatchie Area Volunteer Fire Asso Inc 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 $74K in total revenue.
Filing History
IRS 990 filing history for Sequatchie Area Volunteer Fire Asso Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sequatchie Area Volunteer Fire Asso Inc's revenue has declined by 83.9%, moving from $283K to $46K. Total assets decreased by 34.9% over the same period, from $447K to $291K. Total functional expenses rose by 30.4%, from $57K to $74K. In its most recent filing year (2023), Sequatchie Area Volunteer Fire Asso Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $113K in liabilities against $291K in assets (debt-to-asset ratio: 38.7%), resulting in net assets of $178K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $46K | $74K | $291K | $113K | — | View 990 |
| 2022 | $47K | $65K | $325K | $118K | — | — |
| 2021 | $48K | $68K | $347K | $122K | — | View 990 |
| 2020 | $43K | $71K | $371K | $126K | — | View 990 |
| 2019 | $51K | $80K | $403K | $130K | — | View 990 |
| 2018 | $64K | $71K | $432K | $130K | — | — |
| 2017 | $41K | $62K | $299K | $0 | — | View 990 |
| 2016 | $44K | $63K | $319K | $0 | — | View 990 |
| 2015 | $41K | $62K | $336K | $0 | — | View 990 |
| 2014 | $46K | $70K | $357K | $0 | — | View 990 |
| 2013 | $36K | $64K | $386K | $6K | — | View 990 |
| 2012 | $35K | $59K | $421K | $13K | — | View 990 |
| 2011 | $283K | $57K | $447K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $46K, expenses of $74K, and assets of $291K (revenue -1.9% year-over-year).
- 2022: Revenue of $47K, expenses of $65K, and assets of $325K (revenue -3.8% year-over-year).
- 2021: Revenue of $48K, expenses of $68K, and assets of $347K (revenue +11.8% year-over-year).
- 2020: Revenue of $43K, expenses of $71K, and assets of $371K (revenue -14.5% year-over-year).
- 2019: Revenue of $51K, expenses of $80K, and assets of $403K (revenue -20.3% year-over-year).
- 2018: Revenue of $64K, expenses of $71K, and assets of $432K (revenue +53.7% year-over-year).
- 2017: Revenue of $41K, expenses of $62K, and assets of $299K (revenue -6.2% year-over-year).
- 2016: Revenue of $44K, expenses of $63K, and assets of $319K (revenue +7.9% year-over-year).
- 2015: Revenue of $41K, expenses of $62K, and assets of $336K (revenue -11.4% year-over-year).
- 2014: Revenue of $46K, expenses of $70K, and assets of $357K (revenue +28.9% year-over-year).
- 2013: Revenue of $36K, expenses of $64K, and assets of $386K (revenue +2.2% year-over-year).
- 2012: Revenue of $35K, expenses of $59K, and assets of $421K (revenue -87.7% year-over-year).
- 2011: Revenue of $283K, expenses of $57K, and assets of $447K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sequatchie Area Volunteer Fire Asso Inc:
Data Sources and Methodology
This transparency report for Sequatchie Area Volunteer Fire Asso 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.