South Foster Volunteer Fire Co EIN 05-0366824

South Foster Volunteer Fire Co

EIN  05-0366824 Public charity (501(c)(3)) Foster, RI
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
a disaster relief nonprofit
Leadership
David Rathbun · President
Money in and out
$198K revenue, $188K expenses
Bottom line
94% program efficiency

South Foster Volunteer Fire Co is a disaster relief nonprofit based in Foster, RI. For fiscal year 2025 it reported $198K in revenue, $188K in expenses, and $120K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $9K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▼ -5% vs prior filing year
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate▼ -81% vs prior filing year
Surplus margin
+5%
revenue over expenses, this year▲ +172% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$198K
FY2025▼ -72%
Expenses
$188K
FY2025▼ -75%
Total assets
$120K
FY2025▼ -43%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$198K
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$9K
Total assetsPt X · Ln 16$120K
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $176K of program spending, described in the organization's own filed words · FY2025.
01

Volunteer fire company which serves the residents in the northern section of foster, ri which includes approximately 750 homes and businesses. The fire company repsonds to fires and accidents.

$176Kprogram expense
02

The volunteer fire companys emt service provides emergency medical care to the entire town of foster residents.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSouth Foster Volunteer Fire Co
EINHdr · item D05-0366824
Principal addressHdr · item CFoster, RI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M24Z)
Ruling yearIRS BMFJul 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$186K · 94%
Program service revenue$12K · 6%
Contributions & grants94%$186K
Program service revenue6%$12K
— government grantsLn 1e$133K
Total revenueLn 12$198K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$176K
Management & general6%$12K
Total functional expensesLn 25$188K

Balance Sheet

Part X · end of year
CashLn 1$5K
Total assetsLn 16$120K
Total liabilitiesLn 26$0
Total net assetsLn 32$120K
Months of cash on handcomputed0.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $5K · Operating expenses/yr $188K
0.3 months
Where the money goes
Program services
Program services $176K · Total expenses $188K
94%
Management & General
Management & general $12K · Total expenses $188K
6%
Fundraising
Fundraising $0 · Total expenses $188K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $44K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $186K · Total revenue $198K
94%
Government reliance
Government grants $133K · Total revenue $198K
67%
Earned-income share
Program service revenue $12K · Total revenue $198K
6%
Investment reliance
Investment income $0 · Total revenue $198K
0%
Program self-sufficiency
Program service revenue $12K · Total expenses $188K
6%
Growth & trend
Revenue growth (YoY)
This year $198K · Prior year $716K
-72%
Revenue CAGR
FY2020 $135K · FY2025 $198K
+8%
Net-asset trend (YoY)
End of year $120K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $198K · Expenses $188K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $120K
Net-asset ratio
Net assets $120K · Total assets $120K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $120K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Rathbun · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $188K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $188K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth -72%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$30K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$198K revenue · viewing · ⤓ 990 PDF
FY2024$716K revenue · ⤓ 990 PDF
FY2023$682K revenue · ⤓ 990 PDF
FY2022$453K revenue · ⤓ 990 PDF
FY2021$104K revenue · ⤓ 990 PDF
FY2020$135K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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