Solon Firefighters Association
EIN: 260187147 · Solon, IA · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $170K |
| Total Expenses | $244K |
| Net Assets | $234K |
Is Solon Firefighters Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Solon Firefighters Association
Solon Firefighters Association (EIN: 260187147) is a nonprofit organization based in Solon, IA, classified under NTEE code M24. The organization reported total revenue of $170K and total assets of $296K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Solon Firefighters Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Solon Firefighters Association is a small nonprofit that has been operating for 19 years, with 8 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 21.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $244K |
| Surplus / Deficit | $-33,292 |
| Total Assets | $234K |
| Net Assets | $234K |
| Operating Margin | -15.8% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2023, Solon Firefighters Association reported a deficit of $33K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2015–2023), Solon Firefighters Association's revenue has grown at a compound annual growth rate (CAGR) of 21.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.5% | -83.0% | -12.5% |
| 2022 | -11.5% | +10007.1% | -81.6% |
| 2021 | -61.0% | -25.9% | +23.4% |
| 2020 | +197.1% | -32.7% | +159.7% |
| 2019 | +30.5% | -26.5% | +95.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Solon Firefighters Association 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 Solon Firefighters Association 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 $33K, with expenses exceeding revenue.
Frequently Asked Questions about Solon Firefighters Association
Is Solon Firefighters Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Solon Firefighters Association (EIN: 260187147) insufficient data. 0 red flags identified, 0 strengths noted.
How does Solon Firefighters Association spend its money?
Detailed spending breakdown data is not yet available for Solon Firefighters Association. Check back for updated IRS 990 analysis.
Are donations to Solon Firefighters Association tax-deductible?
Solon Firefighters Association is registered as a tax-exempt nonprofit (EIN: 260187147). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Solon Firefighters Association located?
Solon Firefighters Association is headquartered in Solon, Iowa and files with the IRS under EIN 260187147. It is classified under NTEE code M24.
How many years of IRS 990 filings does Solon Firefighters Association have?
Solon Firefighters Association has 8 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 $170K in total revenue.
Filing History
IRS 990 filing history for Solon Firefighters Association showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2023), Solon Firefighters Association's revenue has grown by 378.5%, moving from $44K to $211K. Total assets increased by 322.1% over the same period, from $55K to $234K. Total functional expenses rose by 714.1%, from $30K to $244K. In its most recent filing year (2023), Solon Firefighters Association reported a deficit of $33K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $244K | $234K | $0 | — | — |
| 2022 | $256K | $1.4M | $267K | $0 | — | View 990 |
| 2021 | $289K | $14K | $1.4M | $0 | — | View 990 |
| 2020 | $741K | $19K | $1.2M | $0 | — | View 990 |
| 2019 | $250K | $29K | $452K | $0 | — | View 990 |
| 2018 | $191K | $39K | $231K | $0 | — | View 990 |
| 2016 | $35K | $25K | $66K | $0 | — | View 990 |
| 2015 | $44K | $30K | $55K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $244K, and assets of $234K (revenue -17.5% year-over-year).
- 2022: Revenue of $256K, expenses of $1.4M, and assets of $267K (revenue -11.5% year-over-year).
- 2021: Revenue of $289K, expenses of $14K, and assets of $1.4M (revenue -61.0% year-over-year).
- 2020: Revenue of $741K, expenses of $19K, and assets of $1.2M (revenue +197.1% year-over-year).
- 2019: Revenue of $250K, expenses of $29K, and assets of $452K (revenue +30.5% year-over-year).
- 2018: Revenue of $191K, expenses of $39K, and assets of $231K (revenue +446.7% year-over-year).
- 2016: Revenue of $35K, expenses of $25K, and assets of $66K (revenue -20.6% year-over-year).
- 2015: Revenue of $44K, expenses of $30K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Solon Firefighters Association:
Data Sources and Methodology
This transparency report for Solon Firefighters Association 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.