Colebrook Downtown Development Associatioon Inc

Colebrook Downtown Development Association Inc. faces declining revenue and assets, consistently spending more than it earns.

EIN: 20523427 · Colebrook, NH · NTEE: S31 · Updated: 2026-03-28

$16KRevenue

$202KAssets

65/100Mission Score (Good)

S31

About Colebrook Downtown Development Associatioon Inc

Colebrook Downtown Development Associatioon Inc (EIN: 20523427) is a nonprofit organization based in Colebrook, NH, classified under NTEE code S31. The organization reported total revenue of $16K and total assets of $202K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Colebrook Downtown Development Associatioon Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Colebrook Downtown Development Association Inc. appears to be a small, community-focused organization with a consistent decline in revenue and assets over the past decade. While its latest reported revenue is $16,050, its assets have decreased from $272,121 in 2011 to $201,817 in 2020, indicating a gradual reduction in its financial base. The organization consistently reports expenses exceeding revenue in most recent periods, such as $14,546 in expenses against $8,437 in revenue in 2020, suggesting it is drawing down on its reserves or relying on prior period surpluses. 

The organization demonstrates good transparency by consistently filing its IRS 990 forms. Its financial health, however, shows a trend of contraction, with revenue dropping from $34,219 in 2011 to $8,437 in 2020 (excluding the latest reported $16,050 which is higher than 2020 but still below historical levels). The absence of reported officer compensation across all filings suggests that leadership may be volunteer-based or compensated through other means not captured as officer compensation, which can be a positive indicator of resource allocation to mission, assuming other compensation is not excessive. However, the consistent deficit spending is a concern for long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Colebrook Downtown Development Associatioon Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 75%
fundraising: 5%

According to IRS 990 filings, Colebrook Downtown Development Associatioon Inc allocates its expenses as follows: admin: 20%, programs: 75%, fundraising: 5%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting a volunteer-led structure or that executive compensation is not reported under this category, which is positive for resource allocation given its small size and declining revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Colebrook Downtown Development Associatioon Inc's IRS 990 filings:

Consistent decline in assets from $272,121 in 2011 to $201,817 in 2020.
Expenses consistently exceed revenue in most recent periods (e.g., $14,546 expenses vs. $8,437 revenue in 2020), indicating deficit spending.
Significant long-term decline in revenue from $34,219 in 2011 to $8,437 in 2020.

Strengths

The following positive indicators were identified for Colebrook Downtown Development Associatioon Inc:

Consistent filing of IRS 990 forms, demonstrating transparency.
0% reported officer compensation across all filings, suggesting efficient use of funds at the leadership level.
Long operational history with 7 filings available, indicating established presence.

Frequently Asked Questions about Colebrook Downtown Development Associatioon Inc

Is Colebrook Downtown Development Association Inc. financially sustainable?

The organization's consistent trend of expenses exceeding revenue (e.g., $14,546 in expenses vs. $8,437 in revenue in 2020) and declining assets from $272,121 in 2011 to $201,817 in 2020 raises concerns about its long-term financial sustainability without a reversal in these trends.

How has the organization's revenue changed over time?

Revenue has shown a significant downward trend, decreasing from $34,219 in 2011 to $8,437 in 2020, although the latest reported revenue is $16,050, which is an improvement from 2020 but still well below historical highs.

What is the organization's approach to executive compensation?

The organization reports 0% officer compensation in all available filings, indicating that its leadership may be volunteer-based or compensated through means not categorized as officer compensation.

Filing History

IRS 990 filing history for Colebrook Downtown Development Associatioon Inc showing financial trends over 7 years of public records:

Over 7 years of IRS 990 filings (2011–2020), Colebrook Downtown Development Associatioon Inc's revenue has declined by 75.3%, moving from $34K to $8K. Total assets decreased by 25.8% over the same period, from $272K to $202K. Total functional expenses fell by 96.1%, from $372K to $15K. In its most recent filing year (2020), Colebrook Downtown Development Associatioon Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $500 in liabilities against $202K in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $201K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2020	$8K	$15K	$202K	$500	—	—
2019	$23K	$32K	$207K	$0	—	View 990
2018	$26K	$37K	$216K	$0	—	View 990
2017	$22K	$28K	$227K	$0	—	View 990
2015	$30K	$46K	$237K	$0	—	View 990
2013	$36K	$43K	$256K	$0	—	View 990
2011	$34K	$372K	$272K	$0	—	View 990

Year-by-Year Financial Summary

2020: Revenue of $8K, expenses of $15K, and assets of $202K (revenue -63.9% year-over-year).
2019: Revenue of $23K, expenses of $32K, and assets of $207K (revenue -11.2% year-over-year).
2018: Revenue of $26K, expenses of $37K, and assets of $216K (revenue +19.6% year-over-year).
2017: Revenue of $22K, expenses of $28K, and assets of $227K (revenue -27.2% year-over-year).
2015: Revenue of $30K, expenses of $46K, and assets of $237K (revenue -16.7% year-over-year).
2013: Revenue of $36K, expenses of $43K, and assets of $256K (revenue +5.8% year-over-year).
2011: Revenue of $34K, expenses of $372K, and assets of $272K.

Data Sources and Methodology

This transparency report for Colebrook Downtown Development Associatioon Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.