King of Prussia Volunteer Fire Company
Nonprofit profile at a glance
- EIN
- 232733517
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- King of Prussia, PA, USA
- Phone
- 6102651063
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $701,580
- Expenses
- $606,997
- Assets
- $2,327,625
- Liabilities
- $365,244
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- KEVIN KATARYNICK (President)
- MARK FORSTER (Vice President)
Highest reported compensation
- CHRIS MONTERO (Director): $4,990 total reported compensation
- PAMELA FORSTER (Treasurer): $1,600 total reported compensation
- DAVID AZZOLI (Director): $1,020 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The king of prussia volunteer fire company is an all volunteer organization whose mission is to provide cost effective emergency response service and awareness programs to the people inhabiting, employed in and visiting upper merion township, in order to mitigate hazards and preserve life and property as requested by the municpality, required by statute, or deemed necessary by chief officers.
What it reported doing in 2024
The king of prussia volunteer fire company has only one program goal, preservation of life and property, through hazard mitigation and education. In 2000, the company was the first all-volunteer fire service to become accredited by the commission on fire service accreditation. In 2008, the company received recognition from the office of the state fire commissioner for meeting or exceeding the nationally recognized training standards. Also in 2008, the company was recognized by the department of health, through montgomery county, for meeting the standards for advanced level rescue operations. In 2009, the company was recognized by the international association of chiefs for its fire and life safety program. In 2011, the company joined forces with two other fire companies to form a regional rescue task force. The task force brings about common operational procedures, expanded training and reduction in equipment duplication. All is done to meet our mission described above.
Operating model
- Revenue model
- Grant-funded. 72% of the money available for current operations came from government grants.
- 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
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 92
- Accountability: 43
- Sustainability: 67
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.3%; rating input score 50
- Program expense ratio: 57.7%; rating input score 58
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 30%; rating input score 30; 10th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 13.5%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 3.83; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 3.8% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 0.1% per year; rating input score 100; 15th percentile among comparable filings
- Asset growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 50.3% of revenue deployed · 57.7% of spending went to programs
- Governance: 3 of 10 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $350K in reported program spending
- Leadership: top reported pay $5K · 10 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Moderate — Accountability: Independent voting board scored 30/100.
- Review — Financial Efficiency: Program expense ratio scored 58/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.