Wheatfield Volunteer Fire Department Inc
Wheatfield Volunteer Fire Department shows fluctuating revenue and expenses, with no officer compensation.
EIN: 161689527 · Wheatfield, IN · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $129K |
| Total Expenses | $270K |
| Program Spending | 85% |
| Net Assets | $512K |
| Transparency Score | 85/100 |
Is Wheatfield 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 →
Wheatfield Volunteer Fire Department Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wheatfield Volunteer Fire Department Inc
Wheatfield Volunteer Fire Department Inc (EIN: 161689527) is a nonprofit organization based in Wheatfield, IN, classified under NTEE code M24. The organization reported total revenue of $129K and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wheatfield Volunteer Fire Department Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wheatfield Volunteer Fire Department Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $133K |
| Total Expenses | $270K |
| Surplus / Deficit | $-137,310 |
| Total Assets | $601K |
| Total Liabilities | $89K |
| Net Assets | $512K |
| Operating Margin | -103.3% |
| Debt-to-Asset Ratio | 14.8% |
| Months of Reserves | 26.7 months |
Financial Health Grade: B
In 2023, Wheatfield Volunteer Fire Department Inc reported a deficit of $137K with expenses exceeding revenue, holds 26.7 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wheatfield Volunteer Fire Department Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.8% | +28.5% | -20.9% |
| 2022 | +270.4% | +37.8% | +60.4% |
| 2021 | -25.9% | -29.3% | -6.8% |
| 2020 | +23.7% | +85.8% | -7.6% |
| 2019 | +38.0% | +20.0% | +43.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Wheatfield 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Wheatfield Volunteer Fire Department Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.8%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Wheatfield Volunteer Fire Department Inc's IRS 990 filings:
- Expenses significantly exceeded revenue in 2023 ($270,221 expenses vs. $132,911 revenue)
- Inconsistent revenue streams, with a large fluctuation between 2022 and 2023
Strengths
The following positive indicators were identified for Wheatfield Volunteer Fire Department Inc:
- Consistent 0% officer compensation across all filings, indicating volunteer leadership
- Strong asset base ($600,729 in 2023) providing financial cushion
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Wheatfield Volunteer Fire Department Inc
Is Wheatfield Volunteer Fire Department Inc a legitimate charity?
Wheatfield Volunteer Fire Department Inc (EIN: 161689527) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $129K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Wheatfield Volunteer Fire Department Inc spend its money?
Wheatfield Volunteer Fire Department Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Wheatfield Volunteer Fire Department Inc tax-deductible?
Wheatfield Volunteer Fire Department Inc is registered as a tax-exempt nonprofit (EIN: 161689527). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wheatfield Volunteer Fire Department Inc's spending goes to programs?
Wheatfield Volunteer Fire Department Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wheatfield Volunteer Fire Department Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wheatfield 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 Wheatfield Volunteer Fire Department Inc located?
Wheatfield Volunteer Fire Department Inc is headquartered in Wheatfield, Indiana and files with the IRS under EIN 161689527. It is classified under NTEE code M24.
How many years of IRS 990 filings does Wheatfield Volunteer Fire Department Inc have?
Wheatfield 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 $129K in total revenue.
Is Wheatfield Volunteer Fire Department Inc. financially stable?
While the organization has a solid asset base of $600,729 as of 2023, its expenses ($270,221) significantly exceeded its revenue ($132,911) in 2023. This suggests a reliance on reserves or prior year surpluses, which could impact long-term stability if not addressed.
How does the organization manage its administrative costs?
The organization reports 0% officer compensation across all available filings, indicating very low administrative overhead related to executive salaries and a strong volunteer commitment.
What caused the large revenue spike in 2022?
The 2022 revenue of $506,753 was significantly higher than other years. Without further detail from the 990, it's unclear if this was due to a large one-time grant, a capital campaign, or other extraordinary income.
Filing History
IRS 990 filing history for Wheatfield Volunteer Fire Department Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wheatfield Volunteer Fire Department Inc's revenue has grown by 30.6%, moving from $102K to $133K. Total assets increased by 68.7% over the same period, from $356K to $601K. Total functional expenses rose by 137%, from $114K to $270K. In its most recent filing year (2023), Wheatfield Volunteer Fire Department Inc reported a deficit of $137K, with expenses exceeding revenue. The organization holds $89K in liabilities against $601K in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $512K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $133K | $270K | $601K | $89K | — | — |
| 2022 | $507K | $210K | $759K | $110K | — | View 990 |
| 2021 | $137K | $153K | $473K | $121K | — | View 990 |
| 2020 | $185K | $216K | $508K | $140K | — | — |
| 2019 | $149K | $116K | $550K | $150K | — | View 990 |
| 2018 | $108K | $97K | $382K | $0 | — | View 990 |
| 2017 | $109K | $87K | $371K | $0 | — | — |
| 2016 | $103K | $110K | $348K | $0 | — | View 990 |
| 2015 | $104K | $127K | $355K | $0 | — | View 990 |
| 2014 | $110K | $97K | $378K | $0 | — | View 990 |
| 2013 | $93K | $96K | $366K | $0 | — | View 990 |
| 2012 | $102K | $89K | $369K | $0 | — | View 990 |
| 2011 | $102K | $114K | $356K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $133K, expenses of $270K, and assets of $601K (revenue -73.8% year-over-year).
- 2022: Revenue of $507K, expenses of $210K, and assets of $759K (revenue +270.4% year-over-year).
- 2021: Revenue of $137K, expenses of $153K, and assets of $473K (revenue -25.9% year-over-year).
- 2020: Revenue of $185K, expenses of $216K, and assets of $508K (revenue +23.7% year-over-year).
- 2019: Revenue of $149K, expenses of $116K, and assets of $550K (revenue +38.0% year-over-year).
- 2018: Revenue of $108K, expenses of $97K, and assets of $382K (revenue -1.1% year-over-year).
- 2017: Revenue of $109K, expenses of $87K, and assets of $371K (revenue +6.4% year-over-year).
- 2016: Revenue of $103K, expenses of $110K, and assets of $348K (revenue -1.1% year-over-year).
- 2015: Revenue of $104K, expenses of $127K, and assets of $355K (revenue -5.2% year-over-year).
- 2014: Revenue of $110K, expenses of $97K, and assets of $378K (revenue +18.2% year-over-year).
- 2013: Revenue of $93K, expenses of $96K, and assets of $366K (revenue -9.3% year-over-year).
- 2012: Revenue of $102K, expenses of $89K, and assets of $369K (revenue +0.3% year-over-year).
- 2011: Revenue of $102K, expenses of $114K, and assets of $356K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wheatfield Volunteer Fire Department Inc:
Data Sources and Methodology
This transparency report for Wheatfield 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.