South Hero Volunteer Fire Department Inc
South Hero Volunteer Fire Department: Declining Revenue, Stable Assets
EIN: 222512061 · S Hero, VT · NTEE: M24 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $45K |
| Program Spending | 80% |
| Net Assets | $103K |
| Transparency Score | 75/100 |
Is South Hero Volunteer Fire Department Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Hero Volunteer Fire Department Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Hero Volunteer Fire Department Inc
South Hero Volunteer Fire Department Inc (EIN: 222512061) is a nonprofit organization based in S Hero, VT, classified under NTEE code M24. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Hero Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Hero Volunteer Fire Department Inc is a micro nonprofit that has been operating for 10 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -52.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $45K |
| Surplus / Deficit | $-18,603 |
| Total Assets | $103K |
| Net Assets | $103K |
| Operating Margin | -71.4% |
| Months of Reserves | 27.7 months |
Financial Health Grade: B
In 2023, South Hero Volunteer Fire Department Inc reported a deficit of $19K with expenses exceeding revenue, holds 27.7 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), South Hero Volunteer Fire Department Inc's revenue has declined at a compound annual growth rate (CAGR) of -52.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -53.7% | -4.6% | -15.3% |
| 2022 | -50.6% | -16.8% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
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 South Hero Volunteer Fire Department Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, South Hero Volunteer Fire Department Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $19K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures (c) were reported in the provided financial data for any year.
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 South Hero Volunteer Fire Department Inc's IRS 990 filings:
- Significant decline in revenue from $113,841 in 2021 to $26,045 in 2023.
- Lack of specific executive compensation reporting makes it difficult to evaluate fairness.
Strengths
The following positive indicators were identified for South Hero Volunteer Fire Department Inc:
- Maintains a healthy asset base relative to its revenue.
- Consistently reports zero liabilities, indicating strong financial solvency.
Frequently Asked Questions about South Hero Volunteer Fire Department Inc
Is South Hero Volunteer Fire Department Inc a legitimate charity?
South Hero Volunteer Fire Department Inc (EIN: 222512061) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 75/100. It has 3 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does South Hero Volunteer Fire Department Inc spend its money?
South Hero Volunteer Fire Department Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to South Hero Volunteer Fire Department Inc tax-deductible?
South Hero Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 222512061). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Hero Volunteer Fire Department Inc's spending goes to programs?
South Hero Volunteer Fire Department Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does South Hero Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), South Hero Volunteer Fire Department Inc 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 South Hero Volunteer Fire Department Inc located?
South Hero Volunteer Fire Department Inc is headquartered in S Hero, Vermont and files with the IRS under EIN 222512061. It is classified under NTEE code M24.
How many years of IRS 990 filings does South Hero Volunteer Fire Department Inc have?
South Hero Volunteer Fire Department Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What does South Hero Volunteer Fire Department Inc do?
South Hero Volunteer Fire Department Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in S Hero, Vermont. It is classified under NTEE code M24.
How much revenue does South Hero Volunteer Fire Department Inc have?
South Hero Volunteer Fire Department Inc reported total revenue of N/A. Based on 3 IRS 990 filings on record.
What are South Hero Volunteer Fire Department Inc's total assets?
South Hero Volunteer Fire Department Inc holds total assets of N/A as reported in IRS 990 filings.
Where is South Hero Volunteer Fire Department Inc located?
South Hero Volunteer Fire Department Inc is based in S Hero, Vermont.
What is South Hero Volunteer Fire Department Inc's EIN?
South Hero Volunteer Fire Department Inc's Employer Identification Number (EIN) is 222512061. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is South Hero Volunteer Fire Department Inc?
South Hero Volunteer Fire Department Inc is classified under NTEE code M24 (Public Safety & Disaster Preparedness).
Is South Hero Volunteer Fire Department Inc a registered 501(c)(3)?
Yes, South Hero Volunteer Fire Department Inc is recognized as a tax-exempt organization by the IRS. EIN: 222512061.
Does South Hero Volunteer Fire Department Inc file IRS Form 990?
Yes, South Hero Volunteer Fire Department Inc has 3 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was South Hero Volunteer Fire Department Inc's revenue in 2023?
In the 202312 filing period, South Hero Volunteer Fire Department Inc reported total revenue of $26,045, total expenses of $44,648, and net assets of $102,891.
Is South Hero Volunteer Fire Department Inc's revenue growing or declining?
South Hero Volunteer Fire Department Inc's revenue is declining. Revenue went from $56,249 (202212) to $26,045 (202312), a -53.7% change. Based on 3 filings on record.
What is South Hero Volunteer Fire Department Inc's most recent 990 filing?
The most recent IRS Form 990 filing for South Hero Volunteer Fire Department Inc covers tax period 202312. It shows revenue of $26,045, expenses of $44,648, total assets of $102,891, and liabilities of N/A.
How much does South Hero Volunteer Fire Department Inc spend on programs vs administration?
Based on IRS 990 analysis, South Hero Volunteer Fire Department Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is South Hero Volunteer Fire Department Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, South Hero Volunteer Fire Department Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for South Hero Volunteer Fire Department Inc?
The following concerns were identified: Significant decline in revenue from $113,841 in 2021 to $26,045 in 2023.. Lack of specific executive compensation reporting makes it difficult to evaluate fairness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are South Hero Volunteer Fire Department Inc's strengths?
Positive indicators for South Hero Volunteer Fire Department Inc include: Maintains a healthy asset base relative to its revenue.. Consistently reports zero liabilities, indicating strong financial solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does South Hero Volunteer Fire Department Inc compensate executives?
Executive compensation cannot be assessed as no compensation figures (c) were reported in the provided financial data for any year. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the sharp decline in revenue from 2021 to 2023, and how does the organization plan to address this trend?
The provided data shows revenue dropped from $113,841 in 2021 to $26,045 in 2023. Without further context, it's unclear if this is due to reduced fundraising, fewer grants, or a change in operational scope. The organization would need to provide details on their revenue generation strategies and future plans.
Filing History
IRS 990 filing history for South Hero Volunteer Fire Department Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), South Hero Volunteer Fire Department Inc's revenue has declined by 77.1%, moving from $114K to $26K. Total assets decreased by 8.2% over the same period, from $112K to $103K. Total functional expenses fell by 20.6%, from $56K to $45K. In its most recent filing year (2023), South Hero Volunteer Fire Department Inc reported a deficit of $19K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $45K | $103K | $0 | — | View 990 |
| 2022 | $56K | $47K | $121K | $0 | — | View 990 |
| 2021 | $114K | $56K | $112K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $45K, and assets of $103K (revenue -53.7% year-over-year).
- 2022: Revenue of $56K, expenses of $47K, and assets of $121K (revenue -50.6% year-over-year).
- 2021: Revenue of $114K, expenses of $56K, and assets of $112K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Hero Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for South Hero Volunteer Fire Department 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.