Waterford Fire Engine Co No 1 Incorporated

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Waterford Fire Engine Co No 1 Incorporated Form 990, Revenue, CEO Pay, and IRS Filing Signals

Waterford Fire Engine Co No 1 Incorporated is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Waterford Fire Engine Co No 1 Incorporated in one place.

Is Waterford Fire Engine Co No 1 Incorporated Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Waterford Fire Engine Co No 1 Incorporated shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Waterford Fire Engine Co No 1 Incorporated with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Waterford Fire Engine Co No 1 Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Waterford Fire Engine Co No 1 Incorporated

Waterford Fire Engine Co No 1 Incorporated (EIN: 222720843) is a nonprofit organization based in Waterford, CT. The organization reported total revenue of $11K and total assets of $199K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterford Fire Engine Co No 1 Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Waterford Fire Engine Co No 1 Incorporated is a micro nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -6.5%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2024, Waterford Fire Engine Co No 1 Incorporated reported a deficit of $3K with expenses exceeding revenue, holds 179.1 months of operating reserves (strong position).

Financial Trends

Over 13 years of filings (2012–2024), Waterford Fire Engine Co No 1 Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -6.5%.

IRS Tax-Exempt Classification

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 Waterford Fire Engine Co No 1 Incorporated 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, Waterford Fire Engine Co No 1 Incorporated 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 (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $3K, with expenses exceeding revenue.

Executive Compensation Analysis

Executive compensation is not reported in the provided data, suggesting a volunteer-based leadership structure.

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 Waterford Fire Engine Co No 1 Incorporated's IRS 990 filings:

• Revenue has shown a significant decline from $28,031 in 2019 to $11,114 in 2024.
• Lack of detailed expense breakdown beyond total expenses (e.g., 'x11708' in 2024) makes program efficiency difficult to assess.

Strengths

The following positive indicators were identified for Waterford Fire Engine Co No 1 Incorporated:

• Assets have remained relatively stable over the past several years, indicating financial resilience despite revenue fluctuations.
• Consistent filing of financial data demonstrates a commitment to transparency.
• Zero reported liabilities and no reported executive compensation suggest a lean operational model.

Frequently Asked Questions about Waterford Fire Engine Co No 1 Incorporated

Filing History

IRS 990 filing history for Waterford Fire Engine Co No 1 Incorporated showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Waterford Fire Engine Co No 1 Incorporated's revenue has declined by 55.5%, moving from $19K to $8K. Total assets increased by 67.8% over the same period, from $104K to $175K. Total functional expenses fell by 0.2%, from $12K to $12K. In its most recent filing year (2024), Waterford Fire Engine Co No 1 Incorporated reported a deficit of $3K, with expenses exceeding revenue.

Year-by-Year Financial Summary

• 2024: Revenue of $8K, expenses of $12K, and assets of $175K (revenue -36.3% year-over-year).
• 2023: Revenue of $13K, expenses of $1K, and assets of $170K (revenue -31.9% year-over-year).
• 2022: Revenue of $19K, expenses of $20K, and assets of $162K (revenue +119.5% year-over-year).
• 2021: Revenue of $9K, expenses of $4K, and assets of $188K (revenue -62.9% year-over-year).
• 2020: Revenue of $24K, expenses of $23K, and assets of $152K (revenue -15.1% year-over-year).
• 2019: Revenue of $28K, expenses of $20K, and assets of $162K (revenue +54.3% year-over-year).
• 2018: Revenue of $18K, expenses of $20K, and assets of $153K (revenue -31.5% year-over-year).
• 2017: Revenue of $27K, expenses of $13K, and assets of $155K (revenue +63.1% year-over-year).
• 2016: Revenue of $16K, expenses of $10K, and assets of $155K (revenue -23.5% year-over-year).
• 2015: Revenue of $21K, expenses of $15K, and assets of $135K (revenue -20.5% year-over-year).
• 2014: Revenue of $27K, expenses of $11K, and assets of $128K (revenue +7.2% year-over-year).
• 2013: Revenue of $25K, expenses of $16K, and assets of $113K (revenue +32.0% year-over-year).
• 2012: Revenue of $19K, expenses of $12K, and assets of $104K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Waterford Fire Engine Co No 1 Incorporated:

Data Sources and Methodology

This transparency report for Waterford Fire Engine Co No 1 Incorporated 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.