Speigletown District Volunteer Fire Co Inc
Nonprofit profile at a glance
- EIN
- 141671046
- IRS 990-EZ coverage
- 2023–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2022
- Location
- Troy, NY, USA
- Phone
- 5182355431
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Fire Prevention
Reported finances
- Revenue
- $70,318
- Expenses
- $79,830
- Assets
- $127,386
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Justin Bounds (President)
- Brad Maloney (Vice President)
People named in this filing
- Justin Bounds (President)
- Brad Maloney (Vice President)
- Edward Gray (Secretary)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary exempt purpose of a volunteer fire department is to provide fire protection and emergency response services to the community. This includes extinguishing fires, conducting rescue operations, and providing medical assistance during emergencies. As a nonprofit organization, its mission is focused on public safety and welfare, often extending to fire prevention education, training, and community outreach activities. The exempt status allows the department to operate without the goal of making a profit, instead prioritizing the safety and well-being of the community it serves.
What it reported doing in 2025
Monthly Member awards and annual installation banquet: Monthly Membership Awards: Recognition and Awards: Monthly membership awards involve recognizing members for their dedication, achievements, and contributions to the organization. Awards can include certificates, plaques, or other tokens of appreciation. 2. Motivation and Engagement: These awards serve to motivate members to maintain high levels of participation and engagement in the volunteer fire and ems service. 3. Community Building: By recognizing members monthly, the organization fosters a sense of community and belonging, encouraging continued involvement which will improve retention in the EMS and Fire service. Number of Persons Benefited: The specific members who receive the awards each month are the primary beneficiaries. The number varies depending on the approximate membership size (approxmately 50) and the criteria for awards. The practice helps retain members and encourages a culture of recognition and continuous improvement. Annual Firematic Installation Banquet: The banquet serves as the official event for the installation of newly elected or appointed firematic officers. This includes the swearing-in of officers and the formal handover of responsibilities. The banquet also honors members for their service, including long-term service awards, recognition of significant contributions, and special achievements within the fire department. The newly installed officers and members receiving awards are the primary beneficiaries. Attendees: All members of the fire department, their families, and invited guests benefit from the social and celebratory aspects of the event. The banquet strengthens the community by reinforcing the commitment and dedication of the fire department to public safety. The annual installation banquet is a long-standing tradition within the fire department, symbolizing continuity and respect for the institution, and offers an opportunity to celebrate the formal installation of the officers and other key members.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Member-benefit provider. The nonprofit used 96% of its reported program spending for member benefits.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 65
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.2%; rating input score 68
- Program expense ratio: 59.1%; rating input score 59
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -13.5%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 1.6; rating input score 60; 60th 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: 20.9% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 16.1% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 68.2% of revenue deployed · 59.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $47K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2023 to 2025
- 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.
- Review — Financial Efficiency: Program expense ratio scored 59/100.
- High — Sustainability: Operating margin scored 26/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.