Is New Hampshire Government Finance Officers Association Legit?
Quick charity verification for New Hampshire Government Finance Officers Association (EIN: 20395505)
Verdict: New Hampshire Government Finance Officers Association appears trustworthy
85/100Mission Score
$111KRevenue
$102KAssets
2Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in 2023 ($114,668 vs. $94,028) and 2022 ($162,538 vs. $123,474), indicating recent operating deficits.
Significant fluctuation in annual revenue and expenses, making financial forecasting potentially challenging.
Strengths
Zero reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
Consistent filing of IRS 990 forms for 13 periods, demonstrating strong transparency and compliance.
Zero reported liabilities in all available filings, indicating a debt-free financial position.
Healthy asset base ($109,451 in 2023) providing financial stability despite recent operating deficits.
Strong program focus implied by the nature of a Government Finance Officers Association and the absence of high administrative costs.
Spending Breakdown
How New Hampshire Government Finance Officers Association allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 New Hampshire Government Finance Officers Association
Is New Hampshire Government Finance Officers Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New Hampshire Government Finance Officers Association (EIN: 20395505) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
Is New Hampshire Government Finance Officers Association a good charity to donate to?
New Hampshire Government Finance Officers Association has a Mission Score of 85/100. Revenue: $111K. Assets: $102K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Hampshire Government Finance Officers Association?
The Employer Identification Number (EIN) for New Hampshire Government Finance Officers Association is 20395505. 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 New Hampshire Government Finance Officers Association spend its money?
New Hampshire Government Finance Officers Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Hampshire Government Finance Officers Association's tax-exempt status?
You can verify New Hampshire Government Finance Officers Association's tax-exempt status using EIN 20395505 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 New Hampshire Government Finance Officers Association (NHGFOA) demonstrates consistent financial transparency, as evidenced by its readily available IRS 990 filings over the past decade. The organization's financial health shows some fluctuation in recent years; for example, in 2023, expenses ($114,668) exceeded revenue ($94,028), leading to a net deficit. This trend of expenses exceeding revenue was also observed in 2022 ($162,538 expenses vs. $123,474 revenue). However, the organization maintains a healthy asset base, with $109,451 in assets and $0 liabilities in 2023, indicating good financial stability despite operational deficits in some periods. The absence of reported officer compensation across all filings suggests a volunteer-driven leadership structure, which can contribute to lower administrative costs.
Spending efficiency is generally strong, particularly given the lack of officer compensation. While specific program, administrative, and fundraising breakdowns are not explicitly detailed in the provided summary, the overall operational structure appears lean. The organization's mission, as implied by its name and NTEE code (S41 - Public & Societal Benefit), likely involves professional development and networking for government finance officers, which typically has lower overhead than direct service charities. The consistent filing of 990s and zero reported liabilities are positive indicators of sound financial management and transparency.
Overall, NHGFOA appears to be a well-managed, transparent organization, though it should monitor its recent trend of operating deficits to ensure long-term sustainability. Its strong asset position and lack of debt provide a good buffer. The absence of executive compensation is a notable strength in terms of resource allocation.