Wood County Firefighters Association Inc
Wood County Firefighters Association experiences significant revenue and expense surge in 2023 with no officer compensation.
EIN: 20703955 · Parkersburg, WV · NTEE: M24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29K |
| Total Expenses | $397K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $414,400. |
| Net Assets | $24K |
| Transparency Score | 85/100 |
Is Wood County Firefighters Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wood County Firefighters Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wood County Firefighters Association Inc
Wood County Firefighters Association Inc (EIN: 20703955) is a nonprofit organization based in Parkersburg, WV, classified under NTEE code M24. The organization reported total revenue of $29K and total assets of $406K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wood County Firefighters Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wood County Firefighters Association Inc is a micro nonprofit that has been operating for 12 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 56.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $414K |
| Total Expenses | $397K |
| Surplus / Deficit | +$18K |
| Total Assets | $428K |
| Total Liabilities | $404K |
| Net Assets | $24K |
| Operating Margin | 4.3% |
| Debt-to-Asset Ratio | 94.5% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, Wood County Firefighters Association Inc reported a surplus of $18K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 94.5% (high leverage).
Financial Trends
Over 6 years of filings (2018–2023), Wood County Firefighters Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 56.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +428.7% | +449.3% | +0.8% |
| 2022 | +157.0% | +29.6% | -2.9% |
| 2021 | -14.4% | -1.4% | -4.6% |
| 2020 | -31.4% | +23.7% | -24.0% |
| 2019 | +19.0% | +31.3% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2014 |
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 Wood County Firefighters Association 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, Wood County Firefighters Association 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 surplus of $18K, with revenue exceeding expenses.
- Debt-to-asset ratio: 94.5%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating a volunteer-led organization, which is highly commendable for an organization of its size with fluctuating revenues up to $414,400.
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 Wood County Firefighters Association Inc's IRS 990 filings:
- High liabilities relative to assets in multiple periods (e.g., 202112: Liabilities $437,251 vs. Assets $436,848)
- Significant year-over-year revenue and expense volatility, making financial planning and predictability challenging.
Strengths
The following positive indicators were identified for Wood County Firefighters Association Inc:
- Consistent 0% officer compensation across all filings, indicating strong volunteer leadership and efficient use of funds.
- Significant increase in program activity and financial scale in 2023, suggesting growth and impact.
- Maintains a substantial asset base, despite fluctuations, providing some financial foundation.
Frequently Asked Questions about Wood County Firefighters Association Inc
Is Wood County Firefighters Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wood County Firefighters Association Inc (EIN: 20703955) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Wood County Firefighters Association Inc spend its money?
Wood County Firefighters Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wood County Firefighters Association Inc tax-deductible?
Wood County Firefighters Association Inc is registered as a tax-exempt nonprofit (EIN: 20703955). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Wood County Firefighters Association Inc CEO make?
Wood County Firefighters Association Inc's highest-compensated officer earns $414,400. annually. The organization reported $29K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Wood County Firefighters Association Inc's spending goes to programs?
Wood County Firefighters Association Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Wood County Firefighters Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Wood County Firefighters Association 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 Wood County Firefighters Association Inc located?
Wood County Firefighters Association Inc is headquartered in Parkersburg, West Virginia and files with the IRS under EIN 20703955. It is classified under NTEE code M24.
How many years of IRS 990 filings does Wood County Firefighters Association Inc have?
Wood County Firefighters Association Inc has 6 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 $29K in total revenue.
Is Wood County Firefighters Association Inc. a good charity?
Based on the available data, the organization appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds. The significant increase in program activity in 2023 suggests active engagement, though the high liabilities relative to assets in some years warrant further investigation.
What caused the large increase in revenue and expenses in 2023?
The IRS 990 data alone does not specify the exact cause of the dramatic increase in revenue to $414,400 and expenses to $396,600 in 2023. This could be due to a large grant, a major fundraising event, or a significant project undertaken in that year. Further details would require reviewing the full 990 form or organizational reports.
How does the organization manage its liabilities?
The organization has consistently carried substantial liabilities, often close to or exceeding its assets in certain periods (e.g., $437,251 liabilities against $436,848 assets in 2021). While the 2023 filing shows assets ($427,778) slightly exceeding liabilities ($404,204), the overall trend suggests a significant portion of its assets may be offset by debt or restricted funds. This financial structure could impact long-term stability if not managed effectively.
Filing History
IRS 990 filing history for Wood County Firefighters Association Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Wood County Firefighters Association Inc's revenue has grown by 848.7%, moving from $44K to $414K. Total assets decreased by 29.5% over the same period, from $607K to $428K. Total functional expenses rose by 1039.2%, from $35K to $397K. In its most recent filing year (2023), Wood County Firefighters Association Inc reported a surplus of $18K, with revenue exceeding expenses. The organization holds $404K in liabilities against $428K in assets (debt-to-asset ratio: 94.5%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $414K | $397K | $428K | $404K | — | View 990 |
| 2022 | $78K | $72K | $424K | $419K | — | — |
| 2021 | $31K | $56K | $437K | $437K | — | View 990 |
| 2020 | $36K | $57K | $458K | $433K | — | View 990 |
| 2019 | $52K | $46K | $603K | $444K | — | View 990 |
| 2018 | $44K | $35K | $607K | $455K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $414K, expenses of $397K, and assets of $428K (revenue +428.7% year-over-year).
- 2022: Revenue of $78K, expenses of $72K, and assets of $424K (revenue +157.0% year-over-year).
- 2021: Revenue of $31K, expenses of $56K, and assets of $437K (revenue -14.4% year-over-year).
- 2020: Revenue of $36K, expenses of $57K, and assets of $458K (revenue -31.4% year-over-year).
- 2019: Revenue of $52K, expenses of $46K, and assets of $603K (revenue +19.0% year-over-year).
- 2018: Revenue of $44K, expenses of $35K, and assets of $607K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wood County Firefighters Association Inc:
Data Sources and Methodology
This transparency report for Wood County Firefighters Association 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.