Wilmot Volunteer Fire Company
Wilmot Volunteer Fire Company maintains stable finances with volunteer leadership and consistent asset base.
EIN: 20375525 · Wilmot, NH · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $109K |
| Total Expenses | $137K |
| Program Spending | 90% |
| Net Assets | $650K |
| Transparency Score | 92/100 |
Is Wilmot Volunteer Fire Company Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wilmot Volunteer Fire Company directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wilmot Volunteer Fire Company
Wilmot Volunteer Fire Company (EIN: 20375525) is a nonprofit organization based in Wilmot, NH, classified under NTEE code M24. The organization reported total revenue of $109K and total assets of $602K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wilmot Volunteer Fire Company's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wilmot Volunteer Fire Company is a small nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143K |
| Total Expenses | $137K |
| Surplus / Deficit | +$6K |
| Total Assets | $651K |
| Total Liabilities | $2K |
| Net Assets | $650K |
| Operating Margin | 4.4% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 57.1 months |
Financial Health Grade: A
In 2023, Wilmot Volunteer Fire Company reported a surplus of $6K with revenue exceeding expenses, holds 57.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wilmot Volunteer Fire Company's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.7% | -6.4% | +0.5% |
| 2022 | +31.9% | -9.2% | -4.3% |
| 2021 | -47.2% | +8.6% | -8.5% |
| 2020 | +54.8% | +14.1% | +3.3% |
| 2019 | -26.0% | +4.3% | -2.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Wilmot Volunteer Fire Company with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Wilmot Volunteer Fire Company allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. 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 surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 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 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 Wilmot Volunteer Fire Company's IRS 990 filings:
- Fluctuating annual revenue, making long-term financial planning potentially challenging.
- Occasional operating deficits, such as in 2022 where expenses ($146,336) exceeded revenue ($120,699).
Strengths
The following positive indicators were identified for Wilmot Volunteer Fire Company:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership and high efficiency.
- Strong asset base, consistently exceeding $600,000 in recent years, providing financial stability.
- Consistent IRS 990 filings, demonstrating transparency and accountability.
- Low liabilities relative to assets, indicating good financial health and minimal debt burden (e.g., $1,634 in 2023).
Frequently Asked Questions about Wilmot Volunteer Fire Company
Is Wilmot Volunteer Fire Company a legitimate charity?
Based on AI analysis of IRS 990 filings, Wilmot Volunteer Fire Company (EIN: 20375525) some concerns. Mission Score: 92/100. 2 red flags identified, 4 strengths noted.
How does Wilmot Volunteer Fire Company spend its money?
Wilmot Volunteer Fire Company directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wilmot Volunteer Fire Company tax-deductible?
Wilmot Volunteer Fire Company is registered as a tax-exempt nonprofit (EIN: 20375525). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Wilmot Volunteer Fire Company's spending goes to programs?
Wilmot Volunteer Fire Company directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wilmot Volunteer Fire Company compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Wilmot Volunteer Fire Company 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 Wilmot Volunteer Fire Company located?
Wilmot Volunteer Fire Company is headquartered in Wilmot, New Hampshire and files with the IRS under EIN 20375525. It is classified under NTEE code M24.
How many years of IRS 990 filings does Wilmot Volunteer Fire Company have?
Wilmot Volunteer Fire Company 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 $109K in total revenue.
Is Wilmot Volunteer Fire Company a good charity?
Based on the available IRS 990 data, the Wilmot Volunteer Fire Company appears to be a very good charity. It demonstrates strong financial stability, consistent asset growth, and notably, zero executive compensation, suggesting a high dedication of resources to its mission.
How does the organization manage its expenses?
The organization generally manages its expenses well, often operating with a surplus or a manageable deficit. For example, in 2023, expenses were $136,947 against revenues of $143,301, resulting in a surplus. The absence of officer compensation further indicates efficient expense management.
What is the trend in the organization's assets?
The organization's assets have generally remained robust, fluctuating but consistently substantial. While there was a peak of $839,158 in 2016, assets were $651,358 in 2023, showing a strong financial foundation despite some year-to-year variations.
Filing History
IRS 990 filing history for Wilmot Volunteer Fire Company showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wilmot Volunteer Fire Company's revenue has declined by 37.2%, moving from $228K to $143K. Total assets decreased by 9.8% over the same period, from $722K to $651K. Total functional expenses rose by 47.2%, from $93K to $137K. In its most recent filing year (2023), Wilmot Volunteer Fire Company reported a surplus of $6K, with revenue exceeding expenses. The organization holds $2K in liabilities against $651K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $650K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143K | $137K | $651K | $2K | — | View 990 |
| 2022 | $121K | $146K | $648K | $5K | — | — |
| 2021 | $92K | $161K | $677K | $8K | — | — |
| 2020 | $173K | $148K | $740K | $2K | — | View 990 |
| 2019 | $112K | $130K | $717K | $3K | — | View 990 |
| 2018 | $151K | $125K | $733K | $980 | — | View 990 |
| 2017 | $131K | $122K | $778K | $73K | — | — |
| 2016 | $177K | $164K | $839K | $143K | — | View 990 |
| 2015 | $376K | $103K | $827K | $102K | — | View 990 |
| 2014 | $82K | $105K | $540K | $88K | — | View 990 |
| 2013 | $71K | $123K | $590K | $116K | — | View 990 |
| 2012 | $75K | $87K | $667K | $142K | — | View 990 |
| 2011 | $228K | $93K | $722K | $165K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $143K, expenses of $137K, and assets of $651K (revenue +18.7% year-over-year).
- 2022: Revenue of $121K, expenses of $146K, and assets of $648K (revenue +31.9% year-over-year).
- 2021: Revenue of $92K, expenses of $161K, and assets of $677K (revenue -47.2% year-over-year).
- 2020: Revenue of $173K, expenses of $148K, and assets of $740K (revenue +54.8% year-over-year).
- 2019: Revenue of $112K, expenses of $130K, and assets of $717K (revenue -26.0% year-over-year).
- 2018: Revenue of $151K, expenses of $125K, and assets of $733K (revenue +15.8% year-over-year).
- 2017: Revenue of $131K, expenses of $122K, and assets of $778K (revenue -26.4% year-over-year).
- 2016: Revenue of $177K, expenses of $164K, and assets of $839K (revenue -52.8% year-over-year).
- 2015: Revenue of $376K, expenses of $103K, and assets of $827K (revenue +356.9% year-over-year).
- 2014: Revenue of $82K, expenses of $105K, and assets of $540K (revenue +15.6% year-over-year).
- 2013: Revenue of $71K, expenses of $123K, and assets of $590K (revenue -5.4% year-over-year).
- 2012: Revenue of $75K, expenses of $87K, and assets of $667K (revenue -67.1% year-over-year).
- 2011: Revenue of $228K, expenses of $93K, and assets of $722K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wilmot Volunteer Fire Company:
Data Sources and Methodology
This transparency report for Wilmot Volunteer Fire Company 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.