Springfield Valley Volunteer Fire Company
EIN: 550703892 · Springfield, WV · NTEE: M24
| Metric | Value |
|---|---|
| Total Revenue | $319K |
| Total Expenses | $284K |
| Net Assets | $-194,952 |
Is Springfield Valley Volunteer Fire Company Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Springfield Valley Volunteer Fire Company
Springfield Valley Volunteer Fire Company (EIN: 550703892) is a nonprofit organization based in Springfield, WV, classified under NTEE code M24. The organization reported total revenue of $319K and total assets of $456K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Springfield Valley Volunteer Fire Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Springfield Valley Volunteer Fire Company is a small nonprofit that has been operating for 14 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $284K |
| Surplus / Deficit | $-69,519 |
| Total Assets | $491K |
| Total Liabilities | $686K |
| Net Assets | $-194,952 |
| Operating Margin | -32.5% |
| Debt-to-Asset Ratio | 139.7% |
| Months of Reserves | 20.8 months |
Financial Health Grade: C
In 2023, Springfield Valley Volunteer Fire Company reported a deficit of $70K with expenses exceeding revenue, holds 20.8 months of operating reserves (strong position), has a debt-to-asset ratio of 139.7% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Springfield Valley Volunteer Fire Company's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.9% | -10.6% | -16.1% |
| 2022 | +1.8% | -8.9% | -19.2% |
| 2021 | -5.8% | +16.4% | -19.9% |
| 2020 | +42.8% | +83.9% | +118.7% |
| 2019 | +15.7% | +11.9% | -11.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Springfield Valley Volunteer Fire Company 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 Springfield Valley Volunteer Fire Company 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 $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 139.7%.
Frequently Asked Questions about Springfield Valley Volunteer Fire Company
Is Springfield Valley Volunteer Fire Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Springfield Valley Volunteer Fire Company (EIN: 550703892) insufficient data. 0 red flags identified, 0 strengths noted.
How does Springfield Valley Volunteer Fire Company spend its money?
Detailed spending breakdown data is not yet available for Springfield Valley Volunteer Fire Company. Check back for updated IRS 990 analysis.
Are donations to Springfield Valley Volunteer Fire Company tax-deductible?
Springfield Valley Volunteer Fire Company is registered as a tax-exempt nonprofit (EIN: 550703892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Springfield Valley Volunteer Fire Company located?
Springfield Valley Volunteer Fire Company is headquartered in Springfield, West Virginia and files with the IRS under EIN 550703892. It is classified under NTEE code M24.
How many years of IRS 990 filings does Springfield Valley Volunteer Fire Company have?
Springfield Valley Volunteer Fire Company 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 $319K in total revenue.
Filing History
IRS 990 filing history for Springfield Valley Volunteer Fire Company showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Springfield Valley Volunteer Fire Company's revenue has grown by 29.5%, moving from $165K to $214K. Total assets increased by 2853.2% over the same period, from $17K to $491K. Total functional expenses rose by 90.7%, from $149K to $284K. In its most recent filing year (2023), Springfield Valley Volunteer Fire Company reported a deficit of $70K, with expenses exceeding revenue. The organization holds $686K in liabilities against $491K in assets (debt-to-asset ratio: 139.7%), resulting in net assets of $-194,952.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $284K | $491K | $686K | — | — |
| 2022 | $210K | $317K | $585K | $710K | — | View 990 |
| 2021 | $206K | $348K | $724K | $742K | — | View 990 |
| 2020 | $219K | $299K | $904K | $781K | — | — |
| 2019 | $153K | $163K | $414K | $210K | — | — |
| 2018 | $133K | $145K | $465K | $252K | — | View 990 |
| 2017 | $211K | $127K | $490K | $290K | — | View 990 |
| 2016 | $124K | $142K | $429K | $313K | — | View 990 |
| 2015 | $378K | $257K | $470K | $335K | — | View 990 |
| 2014 | $132K | $142K | $332K | $319K | — | View 990 |
| 2013 | $163K | $135K | $29K | $397K | — | View 990 |
| 2012 | $165K | $149K | $17K | $398K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $284K, and assets of $491K (revenue +1.9% year-over-year).
- 2022: Revenue of $210K, expenses of $317K, and assets of $585K (revenue +1.8% year-over-year).
- 2021: Revenue of $206K, expenses of $348K, and assets of $724K (revenue -5.8% year-over-year).
- 2020: Revenue of $219K, expenses of $299K, and assets of $904K (revenue +42.8% year-over-year).
- 2019: Revenue of $153K, expenses of $163K, and assets of $414K (revenue +15.7% year-over-year).
- 2018: Revenue of $133K, expenses of $145K, and assets of $465K (revenue -37.2% year-over-year).
- 2017: Revenue of $211K, expenses of $127K, and assets of $490K (revenue +69.6% year-over-year).
- 2016: Revenue of $124K, expenses of $142K, and assets of $429K (revenue -67.1% year-over-year).
- 2015: Revenue of $378K, expenses of $257K, and assets of $470K (revenue +187.5% year-over-year).
- 2014: Revenue of $132K, expenses of $142K, and assets of $332K (revenue -19.5% year-over-year).
- 2013: Revenue of $163K, expenses of $135K, and assets of $29K (revenue -1.2% year-over-year).
- 2012: Revenue of $165K, expenses of $149K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Springfield Valley Volunteer Fire Company:
Data Sources and Methodology
This transparency report for Springfield Valley Volunteer Fire Company 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.