Waterfront Volunteer Fire Department Inc
Waterfront Volunteer Fire Department shows asset growth and volunteer leadership amidst fluctuating revenues and increasing liabilities.
EIN: 10760544 · Scottsboro, AL · NTEE: M24 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $39K |
| Total Expenses | $115K |
| Program Spending | 90% |
| Net Assets | $265K |
| Transparency Score | 85/100 |
Search Intent Cockpit
Waterfront Volunteer Fire Department Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Waterfront Volunteer Fire Department Inc 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 Waterfront Volunteer Fire Department Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $100K and expenses of $115K.
Revenue and Expenses
Waterfront Volunteer Fire Department Inc reported $100K in revenue and $115K in expenses, a deficit of $16K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Waterfront 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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $104K (90%) |
Across stored filings, Waterfront Volunteer Fire Department Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with Association Of Tourist Railroads And Railway Museums Inc | Alabama and Category M context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
Compare with Association Of Tourist Railroads And Railway Museums Inc →All Alabama nonprofits
All Category M
Local and Sector Spokes
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Scottsboro, AL nonprofitsCategory M in Alabama
Human Services in Alabama
Follow the Money
Jump into spending, compensation, rankings, and filing-year evidence.
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Keep the Investigation Moving
Waterfront Volunteer Fire Department Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Waterfront Volunteer Fire Department Inc
Waterfront Volunteer Fire Department Inc (EIN: 10760544) is a nonprofit organization based in Scottsboro, AL, classified under NTEE code M24. The organization reported total revenue of $39K and total assets of $583K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Waterfront Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Waterfront Volunteer Fire Department Inc is a micro nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $115K |
| Surplus / Deficit | $-15,569 |
| Total Assets | $650K |
| Total Liabilities | $386K |
| Net Assets | $265K |
| Operating Margin | -15.6% |
| Debt-to-Asset Ratio | 59.3% |
| Months of Reserves | 67.7 months |
Financial Health Grade: C
In 2023, Waterfront Volunteer Fire Department Inc reported a deficit of $16K with expenses exceeding revenue, holds 67.7 months of operating reserves (strong position), has a debt-to-asset ratio of 59.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Waterfront Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +160.0% | +119.6% | +17.7% |
| 2022 | -39.2% | -31.9% | -3.7% |
| 2021 | -26.5% | -22.1% | -3.3% |
| 2020 | -36.4% | +22.8% | +9.8% |
| 2019 | +127.1% | +8.3% | +101.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Waterfront Volunteer Fire Department Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Waterfront Volunteer Fire Department Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $16K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer, which is highly commendable for a nonprofit of its size and mission.
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 Waterfront Volunteer Fire Department Inc's IRS 990 filings:
- Increasing liabilities without clear explanation in provided data (from $0 in 2017 to $385,924 in 2023)
- Expenses exceeding revenue in multiple recent years (e.g., 2023, 2022, 2021, 2020)
Strengths
The following positive indicators were identified for Waterfront Volunteer Fire Department Inc:
- 100% volunteer leadership (0% officer compensation reported across all filings)
- Significant asset growth over the past decade (from $145,724 in 2014 to $650,461 in 2023)
- Consistent IRS 990 filing history (13 filings) demonstrating transparency
- Strong program focus due to lack of executive salaries
Frequently Asked Questions about Waterfront Volunteer Fire Department Inc
Is Waterfront Volunteer Fire Department Inc a legitimate charity?
Waterfront Volunteer Fire Department Inc (EIN: 10760544) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $39K. 2 red flags identified. 4 strengths noted. Financial health grade: C.
How does Waterfront Volunteer Fire Department Inc spend its money?
Waterfront Volunteer Fire Department Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Waterfront Volunteer Fire Department Inc tax-deductible?
Waterfront Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 10760544). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Waterfront Volunteer Fire Department Inc's spending goes to programs?
Waterfront Volunteer Fire Department Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Waterfront Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Waterfront 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 Waterfront Volunteer Fire Department Inc located?
Waterfront Volunteer Fire Department Inc is headquartered in Scottsboro, Alabama and files with the IRS under EIN 10760544. It is classified under NTEE code M24.
How many years of IRS 990 filings does Waterfront Volunteer Fire Department Inc have?
Waterfront Volunteer Fire Department Inc 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 $39K in total revenue.
Is Waterfront Volunteer Fire Department Inc. financially stable given its fluctuating revenues?
While revenues fluctuate, the organization has shown significant asset growth from $145,724 in 2014 to $650,461 in 2023, suggesting underlying stability and effective asset management, despite some years where expenses exceed revenue.
What is the nature of the increasing liabilities, which reached $385,924 in 2023?
The filings indicate a substantial increase in liabilities, from $0 in 2017 to $385,924 in 2023. Understanding if these are related to equipment purchases, facility improvements, or other obligations would provide a clearer picture of financial risk.
How does the organization manage years where expenses exceed revenue?
In years like 2023 and 2022, expenses exceeded revenue. This suggests the organization either draws from accumulated reserves from prior surplus years (e.g., 2019, 2015) or utilizes other funding mechanisms to cover operational costs.
Filing History
IRS 990 filing history for Waterfront Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Waterfront Volunteer Fire Department Inc's revenue has grown by 208.3%, moving from $32K to $100K. Total assets increased by 220% over the same period, from $203K to $650K. Total functional expenses rose by 126.9%, from $51K to $115K. In its most recent filing year (2023), Waterfront Volunteer Fire Department Inc reported a deficit of $16K, with expenses exceeding revenue. The organization holds $386K in liabilities against $650K in assets (debt-to-asset ratio: 59.3%), resulting in net assets of $265K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $115K | $650K | $386K | — | — |
| 2022 | $38K | $53K | $552K | $272K | — | View 990 |
| 2021 | $63K | $77K | $574K | $279K | — | View 990 |
| 2020 | $86K | $99K | $593K | $285K | — | View 990 |
| 2019 | $135K | $81K | $540K | $219K | — | View 990 |
| 2018 | $59K | $74K | $268K | $1K | — | View 990 |
| 2017 | $99K | $73K | $282K | $0 | — | View 990 |
| 2016 | $64K | $82K | $256K | $0 | — | View 990 |
| 2015 | $178K | $49K | $275K | $0 | — | View 990 |
| 2014 | $27K | $46K | $146K | $0 | — | View 990 |
| 2013 | $37K | $45K | $164K | $0 | — | View 990 |
| 2012 | $32K | $64K | $172K | $0 | — | View 990 |
| 2011 | $32K | $51K | $203K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $115K, and assets of $650K (revenue +160.0% year-over-year).
- 2022: Revenue of $38K, expenses of $53K, and assets of $552K (revenue -39.2% year-over-year).
- 2021: Revenue of $63K, expenses of $77K, and assets of $574K (revenue -26.5% year-over-year).
- 2020: Revenue of $86K, expenses of $99K, and assets of $593K (revenue -36.4% year-over-year).
- 2019: Revenue of $135K, expenses of $81K, and assets of $540K (revenue +127.1% year-over-year).
- 2018: Revenue of $59K, expenses of $74K, and assets of $268K (revenue -40.0% year-over-year).
- 2017: Revenue of $99K, expenses of $73K, and assets of $282K (revenue +55.3% year-over-year).
- 2016: Revenue of $64K, expenses of $82K, and assets of $256K (revenue -64.1% year-over-year).
- 2015: Revenue of $178K, expenses of $49K, and assets of $275K (revenue +554.5% year-over-year).
- 2014: Revenue of $27K, expenses of $46K, and assets of $146K (revenue -26.1% year-over-year).
- 2013: Revenue of $37K, expenses of $45K, and assets of $164K (revenue +13.2% year-over-year).
- 2012: Revenue of $32K, expenses of $64K, and assets of $172K (revenue +0.3% year-over-year).
- 2011: Revenue of $32K, expenses of $51K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Waterfront Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Waterfront 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.