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
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 →
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.
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.
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?
Based on AI analysis of IRS 990 filings, Waterfront Volunteer Fire Department Inc (EIN: 10760544) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Waterfront Volunteer Fire Department Inc spend its money?
Waterfront Volunteer Fire Department Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
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.
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.
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.