Leroy Volunteer Fire Department Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

5 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

To provide fire protection service and education to the community

Provide volunteer fire services to the surrounding community.

Revenue model: Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 60%; rating input score 60; 22nd percentile among comparable filings
Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail

Operating margin: -8.8%; rating input score 47; 47th percentile among comparable filings
Total-asset coverage ratio: 3.13; rating input score 43; 43rd percentile among comparable filings
Liabilities to assets ratio: 0.41; rating input score 14; 14th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Program expense growth: Limited
Revenue growth: 21.4% per year; rating input score 100; 81st percentile among comparable filings
Asset growth: -7% per year; rating input score 0; 28th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 3 of 5 board members independent · 1 of 7 filing controls reported
Programs: 1 filed program accomplishment · $47K in reported program spending
Leadership: top reported pay $0 · 5 people listed
Consistency: 21 of 22 current checks pass · 1 finding to review
Schedules: 6 filed schedules · includes major donors and grants
Filing history: 2 filing years from 2010 to 2011
Money network: 1 filed money-flow record
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

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

High — Accountability: Governance controls: 5 of 6 not reported.
High — Growth: Asset growth scored 0/100.
Moderate — Sustainability: Operating margin scored 47/100.
Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
High — Sustainability: Liabilities to assets ratio scored 14/100.