Is Arts Alliance Of Northern New Hampshire Legit?

The Arts Alliance Of Northern New Hampshire has experienced a significant decline in revenue and an increase in expenses in its latest filing period (201912). Revenue dropped from $175,267 in 201812 to $50,402 in 201912, while expenses rose from $193,663 to $94,406, resulting in a substantial deficit. This trend is concerning, as the organization has historically maintained more stable revenue streams, typically above $160,000 annually, and managed expenses closer to revenue. The organization's assets have also decreased from $141,919 in 201812 to $81,211 in 201912, indicating a draw on reserves to cover operational shortfalls. While liabilities remain low, the recent financial performance suggests a need for strategic review to address the revenue decline and expense management. The consistent reporting of 0% officer compensation across all filings indicates good transparency regarding executive pay, though it also suggests a reliance on volunteer leadership or very low-paid staff. Overall, the financial health of the Arts Alliance Of Northern New Hampshire appears to be under stress based on the most recent filing. The sharp drop in revenue and the resulting deficit are significant red flags that warrant close monitoring and potential intervention to ensure long-term sustainability. The organization's ability to reverse these trends will be critical for its future.