Significant operating deficit in the latest fiscal year (Expenses $41,291 vs. Revenue $13,355 in 2023).
Volatile year-over-year revenue, with a sharp decline from $92,078 in 2022 to $13,355 in 2023.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency analysis.
Strengths
Consistent reporting of 0% officer compensation across all available filings, indicating a commitment to minimizing executive overhead.
Consistent filing of IRS 990s, demonstrating transparency in financial reporting.
Positive net assets in most years, indicating some financial reserves (e.g., $197,298 assets vs. $61,214 liabilities in 2023).
Spending Breakdown
How Greater Laconia Transit Agency allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Greater Laconia Transit Agency
Is Greater Laconia Transit Agency a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Laconia Transit Agency (EIN: 20480822) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Greater Laconia Transit Agency a good charity to donate to?
Greater Laconia Transit Agency has a Mission Score of 65/100. Revenue: $3K. Assets: $75K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Greater Laconia Transit Agency?
The Employer Identification Number (EIN) for Greater Laconia Transit Agency is 20480822. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Greater Laconia Transit Agency spend its money?
Greater Laconia Transit Agency allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Greater Laconia Transit Agency's tax-exempt status?
You can verify Greater Laconia Transit Agency's tax-exempt status using EIN 20480822 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Greater Laconia Transit Agency exhibits fluctuating financial health over the past decade. While the organization reported a significant revenue of $92,078 in 2022, its latest filing for 2023 shows a sharp decline to $13,355 in revenue, accompanied by expenses of $41,291, indicating a substantial deficit for that period. This recent trend raises concerns about financial stability, especially given the current assets of $197,298 against liabilities of $61,214 in 2023. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent reporting of 0% officer compensation suggests a commitment to minimizing overhead in that area.
Transparency appears to be adequate in terms of filing its IRS 990s consistently. The absence of officer compensation across all reported periods is a positive indicator of financial stewardship at the leadership level. However, the lack of detailed expense categories in the provided data limits a deeper analysis of how efficiently funds are being allocated to its mission. The significant swings in revenue and expenses year-over-year, such as the drop from $92,078 revenue in 2022 to $13,355 in 2023, warrant further investigation into the underlying causes and the organization's long-term financial strategy.