Is Northern New England Center For Financial Training Legit?
Quick charity verification for Northern New England Center For Financial Training (EIN: 10511583)
Verdict: Northern New England Center For Financial Training appears trustworthy
85/100Mission Score
$421KRevenue
$329KAssets
1Red Flags
4Strengths
Red Flags
Fluctuating asset and liability levels, requiring ongoing monitoring.
Strengths
Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
Expenses generally align with revenue, suggesting responsible financial management.
Long filing history (14 filings) indicates sustained operation and transparency.
Strong program focus implied by lack of executive compensation overhead.
Spending Breakdown
How Northern New England Center For Financial Training allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Northern New England Center For Financial Training
Is Northern New England Center For Financial Training a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern New England Center For Financial Training (EIN: 10511583) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Northern New England Center For Financial Training a good charity to donate to?
Northern New England Center For Financial Training has a Mission Score of 85/100. Revenue: $421K. Assets: $329K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Northern New England Center For Financial Training?
The Employer Identification Number (EIN) for Northern New England Center For Financial Training is 10511583. 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 Northern New England Center For Financial Training spend its money?
Northern New England Center For Financial Training allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Northern New England Center For Financial Training's tax-exempt status?
You can verify Northern New England Center For Financial Training's tax-exempt status using EIN 10511583 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 Northern New England Center For Financial Training demonstrates consistent financial activity, with revenues and expenses generally in the range of $400,000 to $600,000 over the past decade. The organization's assets have fluctuated, showing a notable increase from $103,870 in 2019 to $465,470 in 2023, before a slight decrease to $310,765 in 2024. Liabilities have also varied, peaking at $195,812 in 2021. The organization consistently reports 0% officer compensation, which is a strong indicator of efficient use of funds and a commitment to its mission, as it suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation on the 990. This practice enhances financial transparency and allows a greater proportion of funds to be directed towards programs.
Spending efficiency appears to be reasonable, with expenses generally tracking closely with revenue. For instance, in 2024, expenses were $409,405 against revenues of $405,487, indicating a near break-even operation. While there have been periods where expenses exceeded revenue (e.g., 2021 and 2024), these deficits are not substantial enough to raise significant concerns given the overall financial picture. The absence of officer compensation is a key factor in assessing efficiency, as it minimizes overhead related to executive salaries. The organization's NTEE code B60 (Adult Education Programs) aligns with its mission, and the financial data suggests a focus on delivering these programs without excessive administrative burden.
Overall, the Northern New England Center For Financial Training appears to be a financially stable organization with a strong commitment to transparency, particularly regarding executive compensation. Its consistent operation and prudent management of assets and liabilities, coupled with the lack of officer compensation, suggest a well-managed entity focused on its educational mission. The fluctuations in assets and liabilities warrant ongoing monitoring, but do not currently indicate severe financial distress.