Fairmount Engine Company No 2 EIN 23-2834232 Form 990 (PDF) Claim this org

Fairmount Engine Company No 2

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Provides fire prevention and rescue services to save lives and preserve property. For fiscal year 2025 it reported $104K in revenue, $63K in expenses, and $753K in net assets.Pt I

Type
Membership association · Public Safety & Disaster
Location
Norristown, PA
Filings
6 on file (2020–2025)
Revenue
$104KFY2025
Expenses
$63K
Net assets
$753K
People
11
Filings
6
Updates
0
More identity details & actions ⌄
EIN  23-2834232 Membership association Norristown, PA
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides fire prevention and rescue services to save lives and preserve property.
Leadership
Richard Williams · President, Trustee
Money in and out
$104K revenue, $63K expenses
Bottom line
+40% operating surplus
Membership & operating revenue · FY2025
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$753K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $41K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+40%
revenue over expenses▲ +71% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
3%
of spending is salaries & benefits▲ +50% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$104K
FY2025▼ -15%
Expenses
$63K
FY2025▼ -33%
Total assets
$753K
FY2025▲ +6%
Total liabilities
$0
FY2025
Total revenue
$104K
Pt VIII · Ln 12
Total expenses
$63K
Pt IX · Ln 25
Net assets
$753K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$41K
Total assetsPt X · Ln 16$753K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $63K of program spending, described in the organization's own filed words · FY2025.
01

To provide the borough of norristown, pennsylvania and surrounding communities with fire fighting, fire prevention and rescue services.

$63Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFairmount Engine Company No 2
EINHdr · item D23-2834232
Principal addressHdr · item CNorristown, PA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M24)
Ruling yearIRS BMFAug 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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, Trustee
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Asst. Secretary, Trustee
$0Pt VII · Sec A
Trustee, Captain
$0Pt VII · Sec A
Fire Chief
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A

Zac Santiago’s $450 as Trustee/Captain is at the 3rd percentile of top reported officer pay among 830 $100K–1M public safety & disaster nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2021FY2020
Zac Santiago$450$1,690
Richard Jones$1,130
Phil Shearer$100$940
Timothy McMinn$670
Gregory Scott$150$530
Kermit Royer$450$450
Walter Booz$450$450
Richard Williams$100$430

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$44K · 42%
Other revenue$34K · 32%
Investment income$27K · 26%
Contributions & grants42%$44K
Other revenue32%$34K
Investment income26%$27K
Total revenueLn 12$104K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$63K
Total functional expensesLn 25$63K

Balance Sheet

Part X · end of year
CashLn 1$131K
Total assetsLn 16$753K
Total liabilitiesLn 26$0
Total net assetsLn 32$753K
Months of cash on handcomputed24.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $613K · Operating expenses/yr $63K
116.9 months
Where the money goes
Program services
Program services $63K · Total expenses $63K
100%
Management & General
Management & general $0 · Total expenses $63K
0%
Fundraising
Fundraising $0 · Total expenses $63K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $36K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $44K · Total revenue $104K
42%
Government reliance
Government grants — · Total revenue $104K
Earned-income share
Program service revenue $0 · Total revenue $104K
0%
Investment reliance
Investment income $27K · Total revenue $104K
+26%
Program self-sufficiency
Program service revenue $0 · Total expenses $63K
0%
Growth & trend
Revenue growth (YoY)
This year $104K · Prior year $123K
-15%
Revenue CAGR
FY2020 $106K · FY2025 $104K
-0.2%
Net-asset trend (YoY)
End of year $753K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $104K · Expenses $63K
+40%
Liabilities-to-Assets
Total liabilities — · Total assets $753K
Net-asset ratio
Net assets $753K · Total assets $753K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $483K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $753K
64%
People & payroll
Highest Reported Total Compensation
Individual Richard Williams · Reported title PRESIDENT, TRUSTEE · Highest reported compensation $0 · Total expenses $63K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2K · Total expenses $63K
3%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -15%
Accounting fee ratio 5%

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.

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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)$104K revenue · viewing · ⤓ 990 PDF
FY2024$123K revenue · ⤓ 990 PDF
FY2023$85K revenue · ⤓ 990 PDF
FY2022$72K revenue · ⤓ 990 PDF
FY2021$101K revenue · ⤓ 990 PDF
FY2020$106K 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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