Virginia Beach Professional Fire & Ems Local 2924
EIN: 541294504 · Virginia Bch, VA
| Metric | Value |
|---|---|
| Total Revenue | $281K |
| Total Expenses | $105K |
| Net Assets | $1.1M |
Is Virginia Beach Professional Fire & Ems Local 2924 Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virginia Beach Professional Fire & Ems Local 2924
Virginia Beach Professional Fire & Ems Local 2924 (EIN: 541294504) is a nonprofit organization based in Virginia Bch, VA. The organization reported total revenue of $281K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virginia Beach Professional Fire & Ems Local 2924's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virginia Beach Professional Fire & Ems Local 2924 is a small nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $281K |
| Total Expenses | $105K |
| Surplus / Deficit | +$176K |
| Total Assets | $1.1M |
| Total Liabilities | $14K |
| Net Assets | $1.1M |
| Operating Margin | 62.5% |
| Debt-to-Asset Ratio | 1.3% |
| Months of Reserves | 124.8 months |
Financial Health Grade: A
In 2023, Virginia Beach Professional Fire & Ems Local 2924 reported a surplus of $176K with revenue exceeding expenses, holds 124.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Virginia Beach Professional Fire & Ems Local 2924's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.5% | -62.2% | +13.7% |
| 2022 | +127.9% | +131.9% | -7.3% |
| 2021 | -44.8% | -26.1% | +6.3% |
| 2020 | -2.3% | -31.2% | +4.4% |
| 2019 | +5.8% | +5.7% | -8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virginia Beach Professional Fire & Ems Local 2924 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 Virginia Beach Professional Fire & Ems Local 2924 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 $176K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.3%.
Frequently Asked Questions about Virginia Beach Professional Fire & Ems Local 2924
Is Virginia Beach Professional Fire & Ems Local 2924 a legitimate charity?
Virginia Beach Professional Fire & Ems Local 2924 (EIN: 541294504) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $281K. No red flags identified. Financial health grade: A.
How does Virginia Beach Professional Fire & Ems Local 2924 spend its money?
Virginia Beach Professional Fire & Ems Local 2924 reported $281K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virginia Beach Professional Fire & Ems Local 2924 tax-deductible?
Virginia Beach Professional Fire & Ems Local 2924 is registered as a tax-exempt nonprofit (EIN: 541294504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virginia Beach Professional Fire & Ems Local 2924 located?
Virginia Beach Professional Fire & Ems Local 2924 is headquartered in Virginia Bch, Virginia and files with the IRS under EIN 541294504.
How many years of IRS 990 filings does Virginia Beach Professional Fire & Ems Local 2924 have?
Virginia Beach Professional Fire & Ems Local 2924 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 $281K in total revenue.
Filing History
IRS 990 filing history for Virginia Beach Professional Fire & Ems Local 2924 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Virginia Beach Professional Fire & Ems Local 2924's revenue has grown by 49.8%, moving from $188K to $281K. Total assets increased by 87% over the same period, from $587K to $1.1M. Total functional expenses fell by 35.3%, from $163K to $105K. In its most recent filing year (2023), Virginia Beach Professional Fire & Ems Local 2924 reported a surplus of $176K, with revenue exceeding expenses. The organization holds $14K in liabilities against $1.1M in assets (debt-to-asset ratio: 1.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $281K | $105K | $1.1M | $14K | — | — |
| 2022 | $257K | $279K | $965K | $15K | — | — |
| 2021 | $113K | $120K | $1.0M | $1K | — | View 990 |
| 2020 | $204K | $163K | $980K | $988 | — | — |
| 2019 | $209K | $237K | $938K | $764 | — | View 990 |
| 2018 | $198K | $224K | $1.0M | $646 | — | View 990 |
| 2017 | $197K | $182K | $1.0M | $1K | — | View 990 |
| 2016 | $206K | $216K | $976K | $272 | — | View 990 |
| 2015 | $217K | $182K | $977K | $3K | — | View 990 |
| 2014 | $531K | $224K | $940K | $597 | — | View 990 |
| 2013 | $174K | $139K | $1.0M | $432K | — | View 990 |
| 2012 | $182K | $186K | $582K | $1K | — | View 990 |
| 2011 | $188K | $163K | $587K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $281K, expenses of $105K, and assets of $1.1M (revenue +9.5% year-over-year).
- 2022: Revenue of $257K, expenses of $279K, and assets of $965K (revenue +127.9% year-over-year).
- 2021: Revenue of $113K, expenses of $120K, and assets of $1.0M (revenue -44.8% year-over-year).
- 2020: Revenue of $204K, expenses of $163K, and assets of $980K (revenue -2.3% year-over-year).
- 2019: Revenue of $209K, expenses of $237K, and assets of $938K (revenue +5.8% year-over-year).
- 2018: Revenue of $198K, expenses of $224K, and assets of $1.0M (revenue +0.4% year-over-year).
- 2017: Revenue of $197K, expenses of $182K, and assets of $1.0M (revenue -4.6% year-over-year).
- 2016: Revenue of $206K, expenses of $216K, and assets of $976K (revenue -5.0% year-over-year).
- 2015: Revenue of $217K, expenses of $182K, and assets of $977K (revenue -59.1% year-over-year).
- 2014: Revenue of $531K, expenses of $224K, and assets of $940K (revenue +205.0% year-over-year).
- 2013: Revenue of $174K, expenses of $139K, and assets of $1.0M (revenue -4.2% year-over-year).
- 2012: Revenue of $182K, expenses of $186K, and assets of $582K (revenue -3.3% year-over-year).
- 2011: Revenue of $188K, expenses of $163K, and assets of $587K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virginia Beach Professional Fire & Ems Local 2924:
Data Sources and Methodology
This transparency report for Virginia Beach Professional Fire & Ems Local 2924 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.