Monroe Volunteer Fire Department # 1 Inc
Nonprofit profile at a glance
- EIN
- 061015524
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Monroe, CT, USA
- Phone
- 2034522827
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fire Prevention
Reported finances
- Revenue
- $359,135
- Expenses
- $257,688
- Assets
- $904,514
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- WILLIAM DAVIN (PRESIDENT)
- MATTHEW JAMISON (VICE PRESIDENT)
Highest reported compensation
- JOE MCNELLIS (DEPUTY CHIEF): $800 total reported compensation
- CHRIS KRIZE (FINANCIAL SECRETARY): $625 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 objective of the monroe fire department no. 1, incorporated is to provide aid in the preservation and protection from damage and destruction by fire and other emergencies of the properties within the limits of such, in any portion of the town of monroe, Connecticut.
What it reported doing in 2024
The objective of the monroe fire department no. 1, incorporated is to provide aid in the preservation and protection from damage and destruction by fire and other emergencies of the properties within the limits of such, in any portion of the town of monroe, Connecticut and bordering towns, as agreed on by mutual aid agreements as may hereafter be fixed by the bylaws of this corporation; and to acquire, hold and use such equipment, apparatus and other personal property as may be required in the promotion of such purpose; and to acquire and hold such real property as may be necessary for the housing and care of such personal property.
Operating model
- Revenue model
- Grant-funded. 79% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.7%; rating input score 77
- Program expense ratio: 98%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 63rd 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 28.2%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 3.51; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 1.2% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 76.7% of revenue deployed · 98% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $253K in reported program spending
- Leadership: top reported pay $800 · 7 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 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 — Accountability: Governance controls: 2 of 7 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.