W Thompson Independent Fire Association 1 Inc
Small Fire Association with Declining Revenue and High Administrative Costs
EIN: 222509893 · N Grosvenordl, CT · NTEE: M24 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $87K |
| Total Expenses | $49K |
| Program Spending | 50% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-157,465 |
| Transparency Score | 65/100 |
Is W Thompson Independent Fire Association 1 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
W Thompson Independent Fire Association 1 Inc directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About W Thompson Independent Fire Association 1 Inc
W Thompson Independent Fire Association 1 Inc (EIN: 222509893) is a nonprofit organization based in N Grosvenordl, CT, classified under NTEE code M24. The organization reported total revenue of $87K and total assets of $78K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of W Thompson Independent Fire Association 1 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
W Thompson Independent Fire Association 1 Inc is a micro nonprofit that has been operating for 21 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $79K |
| Total Expenses | $49K |
| Surplus / Deficit | +$30K |
| Total Assets | $64K |
| Total Liabilities | $221K |
| Net Assets | $-157,465 |
| Operating Margin | 38.1% |
| Debt-to-Asset Ratio | 347.3% |
| Months of Reserves | 15.7 months |
Financial Health Grade: A
In 2024, W Thompson Independent Fire Association 1 Inc reported a surplus of $30K with revenue exceeding expenses, holds 15.7 months of operating reserves (strong position), has a debt-to-asset ratio of 347.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), W Thompson Independent Fire Association 1 Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.2% | -8.0% | +30.9% |
| 2023 | +3.8% | -3.1% | -95.8% |
| 2022 | +8.8% | -83.9% | +0.8% |
| 2021 | +13.0% | +398.1% | -0.4% |
| 2020 | +1.9% | -1.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 W Thompson Independent Fire Association 1 Inc with a Mission Score of 65 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, W Thompson Independent Fire Association 1 Inc allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $30K, with revenue exceeding expenses.
- Debt-to-asset ratio: 347.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could indicate underreporting or volunteer leadership.
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 W Thompson Independent Fire Association 1 Inc's IRS 990 filings:
- Significant increase in liabilities from $0 in 2020 to $221,139 in 2024 without clear explanation.
- Consistent decline in revenue over the past several years, from $81,680 in 2018 to $78,877 in 2024.
- High administrative expenses relative to total expenses, especially in earlier years (e.g., $340,518 in 2021 against $71,435 revenue).
Strengths
The following positive indicators were identified for W Thompson Independent Fire Association 1 Inc:
- The organization has maintained a consistent presence in the community for many years.
- Reported zero compensation for key personnel, potentially indicating a volunteer-driven model.
Frequently Asked Questions about W Thompson Independent Fire Association 1 Inc
Is W Thompson Independent Fire Association 1 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, W Thompson Independent Fire Association 1 Inc (EIN: 222509893) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does W Thompson Independent Fire Association 1 Inc spend its money?
W Thompson Independent Fire Association 1 Inc directs 50% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to W Thompson Independent Fire Association 1 Inc tax-deductible?
W Thompson Independent Fire Association 1 Inc is registered as a tax-exempt nonprofit (EIN: 222509893). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the W Thompson Independent Fire Association 1 Inc CEO make?
W Thompson Independent Fire Association 1 Inc's highest-compensated officer earns $0 annually. The organization reported $87K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of W Thompson Independent Fire Association 1 Inc's spending goes to programs?
W Thompson Independent Fire Association 1 Inc directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does W Thompson Independent Fire Association 1 Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), W Thompson Independent Fire Association 1 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 W Thompson Independent Fire Association 1 Inc located?
W Thompson Independent Fire Association 1 Inc is headquartered in N Grosvenordl, Connecticut and files with the IRS under EIN 222509893. It is classified under NTEE code M24.
How many years of IRS 990 filings does W Thompson Independent Fire Association 1 Inc have?
W Thompson Independent Fire Association 1 Inc has 14 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 $87K in total revenue.
What does W Thompson Independent Fire Association 1 Inc do?
W Thompson Independent Fire Association 1 Inc is a nonprofit organization in the Public Safety & Disaster Preparedness sector, located in N Grosvenordl, Connecticut. It is classified under NTEE code M24.
How much revenue does W Thompson Independent Fire Association 1 Inc have?
W Thompson Independent Fire Association 1 Inc reported total revenue of $86,935. Based on 14 IRS 990 filings on record.
What are W Thompson Independent Fire Association 1 Inc's total assets?
W Thompson Independent Fire Association 1 Inc holds total assets of $78,265 as reported in IRS 990 filings.
Where is W Thompson Independent Fire Association 1 Inc located?
W Thompson Independent Fire Association 1 Inc is based in N Grosvenordl, Connecticut.
What is W Thompson Independent Fire Association 1 Inc's EIN?
W Thompson Independent Fire Association 1 Inc's Employer Identification Number (EIN) is 222509893. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is W Thompson Independent Fire Association 1 Inc?
W Thompson Independent Fire Association 1 Inc is classified under NTEE code M24 (Public Safety & Disaster Preparedness).
Is W Thompson Independent Fire Association 1 Inc a registered 501(c)(3)?
Yes, W Thompson Independent Fire Association 1 Inc is recognized as a tax-exempt organization by the IRS. EIN: 222509893.
Does W Thompson Independent Fire Association 1 Inc file IRS Form 990?
Yes, W Thompson Independent Fire Association 1 Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was W Thompson Independent Fire Association 1 Inc's revenue in 2024?
In the 202406 filing period, W Thompson Independent Fire Association 1 Inc reported total revenue of $78,877, total expenses of $48,794, and net assets of $63,674.
Is W Thompson Independent Fire Association 1 Inc's revenue growing or declining?
W Thompson Independent Fire Association 1 Inc's revenue is relatively stable. Revenue went from $80,659 (202306) to $78,877 (202406), a -2.2% change. Based on 14 filings on record.
What is W Thompson Independent Fire Association 1 Inc's most recent 990 filing?
The most recent IRS Form 990 filing for W Thompson Independent Fire Association 1 Inc covers tax period 202406. It shows revenue of $78,877, expenses of $48,794, total assets of $63,674, and liabilities of $221,139.
How much does W Thompson Independent Fire Association 1 Inc spend on programs vs administration?
Based on IRS 990 analysis, W Thompson Independent Fire Association 1 Inc allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is W Thompson Independent Fire Association 1 Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, W Thompson Independent Fire Association 1 Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for W Thompson Independent Fire Association 1 Inc?
The following concerns were identified: Significant increase in liabilities from $0 in 2020 to $221,139 in 2024 without clear explanation.. Consistent decline in revenue over the past several years, from $81,680 in 2018 to $78,877 in 2024.. High administrative expenses relative to total expenses, especially in earlier years (e.g., $340,518 in 2021 against $71,435 revenue).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are W Thompson Independent Fire Association 1 Inc's strengths?
Positive indicators for W Thompson Independent Fire Association 1 Inc include: The organization has maintained a consistent presence in the community for many years.. Reported zero compensation for key personnel, potentially indicating a volunteer-driven model.. These findings are derived from AI analysis of the organization's financial filings.
How does W Thompson Independent Fire Association 1 Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and could indicate underreporting or volunteer leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the dramatic increase in liabilities from $0 in 2020 to $221,139 in 2024?
The filings do not provide specific details on the nature of these liabilities, but this significant increase warrants further investigation to understand the financial health and obligations of the association.
How does the organization sustain operations with declining revenue and reported zero executive compensation?
The sustained operations despite declining revenue and zero reported executive compensation suggest a reliance on volunteer efforts and potentially other undisclosed funding sources or significant accumulated assets, though assets have also fluctuated.
Filing History
IRS 990 filing history for W Thompson Independent Fire Association 1 Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), W Thompson Independent Fire Association 1 Inc's revenue has grown by 50.7%, moving from $52K to $79K. Total assets decreased by 95.1% over the same period, from $1.3M to $64K. Total functional expenses fell by 31%, from $71K to $49K. In its most recent filing year (2024), W Thompson Independent Fire Association 1 Inc reported a surplus of $30K, with revenue exceeding expenses. The organization holds $221K in liabilities against $64K in assets (debt-to-asset ratio: 347.3%), resulting in net assets of $-157,465.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $79K | $49K | $64K | $221K | — | — |
| 2023 | $81K | $53K | $49K | $236K | — | View 990 |
| 2022 | $78K | $55K | $1.2M | $251K | — | View 990 |
| 2021 | $71K | $341K | $1.2M | $265K | — | — |
| 2020 | $63K | $68K | $1.2M | $0 | — | View 990 |
| 2019 | $62K | $69K | $1.2M | $0 | — | View 990 |
| 2018 | $82K | $86K | $1.2M | $0 | — | View 990 |
| 2017 | $63K | $84K | $1.2M | $0 | — | View 990 |
| 2016 | $69K | $113K | $1.2M | $0 | — | View 990 |
| 2015 | $63K | $81K | $1.3M | $0 | — | View 990 |
| 2014 | $49K | $58K | $1.3M | $0 | — | View 990 |
| 2013 | $62K | $64K | $1.3M | $0 | — | View 990 |
| 2012 | $46K | $58K | $1.3M | $0 | — | View 990 |
| 2011 | $52K | $71K | $1.3M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $79K, expenses of $49K, and assets of $64K (revenue -2.2% year-over-year).
- 2023: Revenue of $81K, expenses of $53K, and assets of $49K (revenue +3.8% year-over-year).
- 2022: Revenue of $78K, expenses of $55K, and assets of $1.2M (revenue +8.8% year-over-year).
- 2021: Revenue of $71K, expenses of $341K, and assets of $1.2M (revenue +13.0% year-over-year).
- 2020: Revenue of $63K, expenses of $68K, and assets of $1.2M (revenue +1.9% year-over-year).
- 2019: Revenue of $62K, expenses of $69K, and assets of $1.2M (revenue -24.1% year-over-year).
- 2018: Revenue of $82K, expenses of $86K, and assets of $1.2M (revenue +30.1% year-over-year).
- 2017: Revenue of $63K, expenses of $84K, and assets of $1.2M (revenue -8.4% year-over-year).
- 2016: Revenue of $69K, expenses of $113K, and assets of $1.2M (revenue +9.2% year-over-year).
- 2015: Revenue of $63K, expenses of $81K, and assets of $1.3M (revenue +27.0% year-over-year).
- 2014: Revenue of $49K, expenses of $58K, and assets of $1.3M (revenue -19.7% year-over-year).
- 2013: Revenue of $62K, expenses of $64K, and assets of $1.3M (revenue +32.5% year-over-year).
- 2012: Revenue of $46K, expenses of $58K, and assets of $1.3M (revenue -11.3% year-over-year).
- 2011: Revenue of $52K, expenses of $71K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for W Thompson Independent Fire Association 1 Inc:
Data Sources and Methodology
This transparency report for W Thompson Independent Fire Association 1 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.