Read Mountain Fire Company EIN 54-1601813 Form 990 (PDF) Claim this org

Read Mountain Fire Company

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Provides fire and rescue services to parts of Botetourt and Roanoke Counties. For fiscal year 2025 it reported $314 in revenue, $12K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Roanoke, VA
Website
www.rmfd.org
Filings
5 on file (2021–2025)
Revenue
$314FY2025
Expenses
$12K
Net assets
$0
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-1601813 Unknown exempt organization Roanoke, VA
Form 990 (PDF)
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Size
<$100K
What they do
Provides fire and rescue services to parts of Botetourt and Roanoke Counties.
Leadership
Bailey Hagerman · President
Money in and out
$314 revenue, $12K expenses
Bottom line
-3601% surplus margin
Reported financial activity · FY2025
Total revenue
$314
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.17 Management & general $0.83
Surplus margin
-3601%
revenue over expenses, this year▼ -9921% vs prior filing year
Program spending
17%
of expenses reach programs▼ -77% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$314
FY2025▼ -99%
Expenses
$12K
FY2025▼ -66%
Total assets
$0
FY2025▼ -100%
Total liabilities
$0
FY2025
Total revenue
$314
Pt VIII · Ln 12
Total expenses
$12K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B17%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRead Mountain Fire Company
EINHdr · item D54-1601813
Principal addressHdr · item CRoanoke, VA
WebsiteHdr · item Jwww.rmfd.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

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 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 · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
$0Pt VII · Sec A
Deputy Chief
$0Pt VII · Sec A
Vacant
Captain
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $2K of program spending, described in the organization's own filed words · FY2024.
01

Read mountain fire and rescue squad is an emergency unit which is staffed by volunteers that benefit 15,000 individuals and various businessess in east roanoke county and botetourt county, virginia

$2Kprogram expense

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Statement of Revenue

Part VIII
Investment income100%$314
Total revenueLn 12$314

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.17 Management & general $0.83
Program services17%$2K
Management & general83%$10K
Total functional expensesLn 25$12K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $12K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $2K · Total expenses $12K
17%
Management & General
Management & general $10K · Total expenses $12K
83%
Fundraising
Fundraising $0 · Total expenses $12K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $37K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $314
0%
Government reliance
Government grants — · Total revenue $314
Earned-income share
Program service revenue $0 · Total revenue $314
0%
Investment reliance
Investment income $314 · Total revenue $314
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $12K
0%
Growth & trend
Revenue growth (YoY)
This year $314 · Prior year $54K
-99%
Revenue CAGR
FY2020 $55K · FY2024 $314
-72%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314 · Expenses $12K
-3601%
Liabilities-to-Assets
Total liabilities — · Total assets $0
Net-asset ratio
Net assets $0 · Total assets $0
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Bailey Hagerman · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $12K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $12K
0%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 17%
Overhead ratio 83%
Revenue growth -99%
Legal fee ratio 63%
Accounting fee ratio 21%

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)$314 revenue · viewing · ⤓ 990 PDF
FY2024$54K revenue · ⤓ 990 PDF
FY2023$64K revenue · ⤓ 990 PDF
FY2022$72K revenue · ⤓ 990 PDF
FY2021$55K 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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