Friends Of Lamprey Health Care Inc

Friends Of Lamprey Health Care Inc shows consistent revenue and substantial assets, with a recent significant expense increase.

EIN: 20348630 · Newmarket, NH · NTEE: E21I · Updated: 2026-03-28

$626KRevenue

$4.0MAssets

85/100Mission Score (Excellent)

E21I

About Friends Of Lamprey Health Care Inc

Friends Of Lamprey Health Care Inc (EIN: 20348630) is a nonprofit organization based in Newmarket, NH, classified under NTEE code E21I. The organization reported total revenue of $626K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Lamprey Health Care Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Friends Of Lamprey Health Care Inc demonstrates a consistent financial pattern, primarily acting as a supporting organization for Lamprey Health Care. Its revenue has generally been stable, hovering around $228,000-$231,000 in recent years, with a notable spike in the latest reported revenue to $625,768. The organization's assets are substantial, currently at $4,000,960, indicating a strong financial base. However, the 202309 filing shows expenses of $870,613, significantly exceeding its revenue of $231,424 for that period, which suggests a substantial draw from reserves or other funding sources not immediately apparent in the revenue figure. This could be a one-time event or a strategic investment, but it warrants further investigation.

The organization's spending efficiency appears to be strong in most years, with expenses often well below revenue, allowing for asset growth. The absence of officer compensation reported across all filings indicates a volunteer-led or very lean administrative structure, which is a positive sign for donor confidence. The significant liabilities, particularly in recent years (e.g., $1,936,203 in 202309), should be understood in the context of its role as a supporting organization, potentially related to its primary beneficiary's financial structure or specific projects. Overall, while the 202309 expense surge is a point of interest, the long-term trend suggests a well-managed entity with a focus on its mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Friends Of Lamprey Health Care Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Friends Of Lamprey Health Care Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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, indicating that its leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of its size.

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 Friends Of Lamprey Health Care Inc's IRS 990 filings:

Significant expense exceeding revenue in 202309 ($870,613 expenses vs. $231,424 revenue) without immediate explanation.
High liabilities relative to assets (e.g., $1,936,203 liabilities vs. $3,873,718 assets in 202309) warranting further investigation into their nature.

Strengths

The following positive indicators were identified for Friends Of Lamprey Health Care Inc:

Consistent reporting of 0% officer compensation, indicating high administrative efficiency.
Substantial and growing asset base ($4,000,960 latest assets), providing financial stability.
Stable revenue stream in most years, demonstrating consistent donor support or investment income.
Long filing history (13 filings) indicates sustained operation and transparency.

Frequently Asked Questions about Friends Of Lamprey Health Care Inc

Why did expenses surge to $870,613 in the 202309 period, significantly exceeding revenue?

The 202309 filing shows expenses of $870,613 against revenue of $231,424. This substantial increase in expenses, relative to prior years and current revenue, suggests a significant one-time expenditure, a major program investment, or a strategic draw from accumulated assets. Further details in the full 990 filing would be needed to understand the nature of these expenses.

What is the nature of the significant liabilities reported, such as $1,936,203 in 202309?

The organization consistently carries substantial liabilities, reaching $1,936,203 in 202309. Given its role as a supporting organization (NTEE Code E21I), these liabilities could be related to inter-organizational transfers, long-term debt supporting the primary health care entity, or specific project funding arrangements. The full 990 would clarify the breakdown of these liabilities.

How does the organization manage to operate with 0% officer compensation?

The consistent reporting of 0% officer compensation suggests that the organization's leadership is either entirely volunteer-based, or any compensation for key personnel is categorized differently within the 990, such as program service expenses if they are also delivering services. This is a strong indicator of administrative efficiency.

Filing History

IRS 990 filing history for Friends Of Lamprey Health Care Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Friends Of Lamprey Health Care Inc's revenue has grown by 370.2%, moving from $49K to $231K. Total assets increased by 28.3% over the same period, from $3.0M to $3.9M. Total functional expenses rose by 48865.9%, from $2K to $871K. In its most recent filing year (2023), Friends Of Lamprey Health Care Inc reported a deficit of $639K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $3.9M in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $1.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$231K	$871K	$3.9M	$1.9M	—	View 990
2022	$229K	$132K	$4.6M	$2.0M	—	—
2021	$228K	$139K	$4.3M	$2.1M	—	View 990
2020	$228K	$147K	$4.2M	$2.3M	—	View 990
2019	$228K	$156K	$3.0M	$950K	—	View 990
2018	$86K	$8K	$3.0M	$989K	—	View 990
2017	$80K	$18K	$2.9M	$1.0M	—	—
2016	$79K	$19K	$2.9M	$1.1M	—	View 990
2015	$61K	$13K	$2.9M	$1.1M	—	View 990
2014	$63K	$14K	$2.9M	$1.1M	—	View 990
2013	$57K	$6K	$3.0M	$1.3M	—	View 990
2012	$57K	$12K	$3.0M	$1.4M	—	View 990
2011	$49K	$2K	$3.0M	$1.4M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $231K, expenses of $871K, and assets of $3.9M (revenue +0.9% year-over-year).
2022: Revenue of $229K, expenses of $132K, and assets of $4.6M (revenue +0.6% year-over-year).
2021: Revenue of $228K, expenses of $139K, and assets of $4.3M (revenue +0.0% year-over-year).
2020: Revenue of $228K, expenses of $147K, and assets of $4.2M (revenue +0.0% year-over-year).
2019: Revenue of $228K, expenses of $156K, and assets of $3.0M (revenue +166.4% year-over-year).
2018: Revenue of $86K, expenses of $8K, and assets of $3.0M (revenue +6.7% year-over-year).
2017: Revenue of $80K, expenses of $18K, and assets of $2.9M (revenue +0.9% year-over-year).
2016: Revenue of $79K, expenses of $19K, and assets of $2.9M (revenue +31.1% year-over-year).
2015: Revenue of $61K, expenses of $13K, and assets of $2.9M (revenue -3.6% year-over-year).
2014: Revenue of $63K, expenses of $14K, and assets of $2.9M (revenue +9.7% year-over-year).
2013: Revenue of $57K, expenses of $6K, and assets of $3.0M (revenue +0.7% year-over-year).
2012: Revenue of $57K, expenses of $12K, and assets of $3.0M (revenue +15.7% year-over-year).
2011: Revenue of $49K, expenses of $2K, and assets of $3.0M.

Data Sources and Methodology

This transparency report for Friends Of Lamprey Health Care 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.