Coruway Film Institute

Coruway Film Institute reports $0 revenue and assets, indicating dormancy after years of deficit spending and high liabilities.

EIN: 20434339 · Somersworth, NH · NTEE: A31Z · Updated: 2026-03-28

$0Revenue

$0Assets

25/100Mission Score (Poor)

A31Z

About Coruway Film Institute

Coruway Film Institute (EIN: 20434339) is a nonprofit organization based in Somersworth, NH, classified under NTEE code A31Z. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Coruway Film Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Coruway Film Institute appears to be in a state of financial dormancy or significant decline, with its latest filing showing $0 in both revenue and assets. This is a stark contrast to its earlier years, where it reported revenues ranging from $21,031 in 2016 to $64,027 in 2011. A major concern is the consistent and substantial liabilities, peaking at $208,077 in 2012 and remaining high at $208,027 in 2014, far exceeding its assets in every reported period. This indicates a prolonged period of insolvency.

The organization's spending efficiency is difficult to assess without a detailed breakdown of expenses, but the consistent deficit spending in most years (expenses exceeding revenue) suggests an unsustainable financial model. For instance, in 2015, expenses of $41,388 significantly outstripped revenue of $38,281. The lack of any reported officer compensation across all filings suggests a volunteer-driven leadership, which can be a positive for efficiency, but doesn't mitigate the overall financial instability.

Transparency is moderate given the available data, but the current $0 revenue and assets raise questions about its operational status. Without more recent detailed financial activities, it's challenging to understand its current purpose or if it's still actively pursuing its mission. The historical data points to an organization that struggled to generate sufficient income to cover its costs and manage its debt.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Coruway Film Institute with a Mission Score of 25 out of 100 (Poor). 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: 70%
fundraising: 10%

According to IRS 990 filings, Coruway Film Institute allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reported 0% officer compensation across all filings, indicating that its leadership likely served in a volunteer capacity, which is commendable for a small nonprofit.

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 Coruway Film Institute's IRS 990 filings:

Latest filing shows $0 revenue and $0 assets, indicating potential dormancy or cessation of operations.
Consistent deficit spending in most years (e.g., 2015 expenses of $41,388 exceeded revenue of $38,281).
Extremely high liabilities relative to assets across all reported periods (e.g., $208,077 liabilities vs. $3,664 assets in 2012).
Significant decline in revenue from $64,027 in 2011 to $0 in the latest period.

Strengths

The following positive indicators were identified for Coruway Film Institute:

No officer compensation reported, suggesting volunteer leadership and potentially lower administrative overhead in that area.

Frequently Asked Questions about Coruway Film Institute

Is Coruway Film Institute still operational?

Based on the latest filing showing $0 in revenue and assets, it is highly probable that Coruway Film Institute is no longer actively operational or is in a dormant state.

What caused the significant liabilities reported by the organization?

The IRS 990 data does not provide specific details on the nature of the liabilities, but they consistently exceeded $200,000 in several years (e.g., $208,077 in 2012), suggesting substantial debt that the organization was unable to service with its limited revenue.

How did the organization manage to operate with such high liabilities and low assets?

Operating with liabilities significantly exceeding assets (e.g., $208,027 liabilities vs. $4,331 assets in 2014) indicates severe financial distress and potential insolvency. It likely relied on credit or loans that it struggled to repay, or the liabilities represent deferred obligations.

Filing History

IRS 990 filing history for Coruway Film Institute showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2011–2016), Coruway Film Institute's revenue has declined by 67.2%, moving from $64K to $21K. Total assets decreased by 67.1% over the same period, from $6K to $2K. Total functional expenses fell by 74.8%, from $77K to $19K. In its most recent filing year (2016), Coruway Film Institute reported a surplus of $2K, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2016	$21K	$19K	$2K	$0	—	View 990
2015	$38K	$41K	$3K	$15K	—	View 990
2014	$49K	$47K	$4K	$208K	—	View 990
2013	$26K	$27K	$3K	$208K	—	View 990
2012	$45K	$49K	$4K	$208K	—	View 990
2011	$64K	$77K	$6K	$207K	—	View 990

Year-by-Year Financial Summary

2016: Revenue of $21K, expenses of $19K, and assets of $2K (revenue -45.1% year-over-year).
2015: Revenue of $38K, expenses of $41K, and assets of $3K (revenue -21.5% year-over-year).
2014: Revenue of $49K, expenses of $47K, and assets of $4K (revenue +87.1% year-over-year).
2013: Revenue of $26K, expenses of $27K, and assets of $3K (revenue -42.7% year-over-year).
2012: Revenue of $45K, expenses of $49K, and assets of $4K (revenue -28.9% year-over-year).
2011: Revenue of $64K, expenses of $77K, and assets of $6K.

Data Sources and Methodology

This transparency report for Coruway Film Institute 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.