Sequoyah Volunteer Fire Department
EIN: 621773531 · Soddy Daisy, TN · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $103K |
| Total Expenses | $119K |
| Net Assets | $382K |
Is Sequoyah Volunteer Fire Department Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sequoyah Volunteer Fire Department
Sequoyah Volunteer Fire Department (EIN: 621773531) is a nonprofit organization based in Soddy Daisy, TN, classified under NTEE code M24. The organization reported total revenue of $103K and total assets of $489K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sequoyah Volunteer Fire Department's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sequoyah Volunteer Fire Department is a small nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 23.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $176K |
| Total Expenses | $119K |
| Surplus / Deficit | +$57K |
| Total Assets | $383K |
| Total Liabilities | $1K |
| Net Assets | $382K |
| Operating Margin | 32.4% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 38.6 months |
Financial Health Grade: A
In 2023, Sequoyah Volunteer Fire Department reported a surplus of $57K with revenue exceeding expenses, holds 38.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Sequoyah Volunteer Fire Department's revenue has grown at a compound annual growth rate (CAGR) of 23.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +95.8% | +25.6% | +17.9% |
| 2022 | -16.6% | -8.7% | -1.6% |
| 2021 | -45.8% | -1.1% | +1.2% |
| 2020 | +165.9% | +40.4% | +39.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sequoyah Volunteer Fire Department 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 Sequoyah Volunteer Fire Department 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 surplus of $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Sequoyah Volunteer Fire Department
Is Sequoyah Volunteer Fire Department a legitimate charity?
Sequoyah Volunteer Fire Department (EIN: 621773531) is a registered tax-exempt nonprofit based in Tennessee. It has 5 years of IRS 990 filings on record. Total revenue: $103K. No red flags identified. Financial health grade: A.
How does Sequoyah Volunteer Fire Department spend its money?
Sequoyah Volunteer Fire Department reported $103K in total revenue in IRS 990 filings. 5 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sequoyah Volunteer Fire Department tax-deductible?
Sequoyah Volunteer Fire Department is registered as a tax-exempt nonprofit (EIN: 621773531). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sequoyah Volunteer Fire Department located?
Sequoyah Volunteer Fire Department is headquartered in Soddy Daisy, Tennessee and files with the IRS under EIN 621773531. It is classified under NTEE code M24.
How many years of IRS 990 filings does Sequoyah Volunteer Fire Department have?
Sequoyah Volunteer Fire Department has 5 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 $103K in total revenue.
Filing History
IRS 990 filing history for Sequoyah Volunteer Fire Department showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Sequoyah Volunteer Fire Department's revenue has grown by 135.4%, moving from $75K to $176K. Total assets increased by 64.2% over the same period, from $233K to $383K. Total functional expenses rose by 59.2%, from $75K to $119K. In its most recent filing year (2023), Sequoyah Volunteer Fire Department reported a surplus of $57K, with revenue exceeding expenses. The organization holds $1K in liabilities against $383K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $382K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $176K | $119K | $383K | $1K | — | View 990 |
| 2022 | $90K | $95K | $325K | $0 | — | View 990 |
| 2021 | $108K | $104K | $330K | $293 | — | — |
| 2020 | $199K | $105K | $326K | $276 | — | View 990 |
| 2019 | $75K | $75K | $233K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $176K, expenses of $119K, and assets of $383K (revenue +95.8% year-over-year).
- 2022: Revenue of $90K, expenses of $95K, and assets of $325K (revenue -16.6% year-over-year).
- 2021: Revenue of $108K, expenses of $104K, and assets of $330K (revenue -45.8% year-over-year).
- 2020: Revenue of $199K, expenses of $105K, and assets of $326K (revenue +165.9% year-over-year).
- 2019: Revenue of $75K, expenses of $75K, and assets of $233K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sequoyah Volunteer Fire Department:
Data Sources and Methodology
This transparency report for Sequoyah Volunteer Fire Department 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.