Essex Fire Company Inc

Nonprofit profile at a glance

EIN
453839486
IRS 990-EZ coverage
2013–2022
Forms available
Form 990-EZ 2022
Location
Essex, MA, USA
Phone
9787686363
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Fire Prevention

Reported finances

Revenue
$18,894
Expenses
$26,142
Assets
$275,842

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • DAVID PEREEN (PRESIDENT)

People named in this filing

  • DAVID PEREEN (PRESIDENT)
  • JOAN PERRIGO (TREASURER)
  • BARRON LEEDS (CLERK)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The essex fire company, inc. (efc) is a private organization consisting of members of the town of essex, ma fire department (efd). The efd is a call/volunteer organization and provides fire, rescue and emergency medical services within the town and on a mutual aid basis as required. The efc is primarily a relief and community service organization which maintains three funds, each with its own purpose. The reserve fund is used to assist a firefighter/emt who is injured on the job, above and beyond what town insurance provides. The scholarship fund provides an annual 1,000 to two essex residents graduating from high school and attending post-secondary education. The general fund is used to provide firefighter gear and equipment efc members request which is unable to be acquired through the town budget. The general fund also covers the day to day costs of operating of the efc.

What it reported doing in 2022

Essex fire department training and equipment

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 98
  • Transparency & Controls: 82
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 95.7%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -38.4%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 10.55; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 10.9% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 74th percentile among comparable filings
  • Asset growth: 9.2% per year; rating input score 100; 69th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 95.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 4 filed program accomplishments · $25K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 8 filing years from 2013 to 2022
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.