Great Bay Services
Great Bay Services maintains stable finances with consistent revenue growth and no reported officer compensation.
EIN: 20242389 · Dover, NH · NTEE: J300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $2.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2.7M |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is Great Bay Services Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Bay Services directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Bay Services
Great Bay Services (EIN: 20242389) is a nonprofit organization based in Dover, NH, classified under NTEE code J300. The organization reported total revenue of $3.3M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Bay Services's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Bay Services is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$42K |
| Total Assets | $1.5M |
| Total Liabilities | $299K |
| Net Assets | $1.2M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 20.1% |
| Months of Reserves | 6.6 months |
Financial Health Grade: A
In 2024, Great Bay Services reported a surplus of $42K with revenue exceeding expenses, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 20.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Great Bay Services's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +21.7% | +13.9% | +4.5% |
| 2023 | -13.1% | +2.4% | +11.4% |
| 2022 | +13.3% | +19.4% | +15.2% |
| 2021 | +31.1% | +1.9% | +6.2% |
| 2020 | -15.6% | -8.2% | +24.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Great Bay Services 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Great Bay Services allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer categories, which is highly unusual for an organization of this size ($2.7M+ revenue) and suggests a strong commitment to directing funds towards mission-related activities.
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 Great Bay Services's IRS 990 filings:
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, limiting full spending efficiency analysis.
- Significant fluctuations in liabilities over the years, from $760,507 in 201506 to $110,271 in 202206, then up to $298,739 in 202406, warranting further investigation into their nature and management.
Strengths
The following positive indicators were identified for Great Bay Services:
- Consistent reporting of 0% officer compensation across all 13 filings, indicating a strong commitment to directing funds to mission.
- Positive net assets and consistent revenue growth in recent years, with revenue increasing from $1,761,564 in 202006 to $2,768,734 in 202406.
- Long history of IRS 990 filings (13 periods), demonstrating commitment to transparency and regulatory compliance.
- Assets have shown a steady increase from $1,044,963 in 202006 to $1,488,549 in 202406, indicating financial growth and stability.
Frequently Asked Questions about Great Bay Services
Is Great Bay Services a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Bay Services (EIN: 20242389) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Great Bay Services spend its money?
Great Bay Services directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Bay Services tax-deductible?
Great Bay Services is registered as a tax-exempt nonprofit (EIN: 20242389). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Great Bay Services CEO make?
Great Bay Services's highest-compensated officer earns $2.7M annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Great Bay Services's spending goes to programs?
Great Bay Services directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Great Bay Services compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Great Bay Services is above average for NTEE category J300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Great Bay Services located?
Great Bay Services is headquartered in Dover, New Hampshire and files with the IRS under EIN 20242389. It is classified under NTEE code J300.
How many years of IRS 990 filings does Great Bay Services have?
Great Bay Services has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
How does Great Bay Services manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with revenues exceeding $2 million. This could mean that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently within the IRS 990, such as 'other salaries and wages' rather than 'officer compensation'.
What is the organization's long-term strategy for managing liabilities?
Liabilities have fluctuated significantly over the years, from a high of $760,507 in 201506 to a low of $110,271 in 202206, and then increasing to $298,739 in 202406. While current liabilities are manageable relative to assets, understanding the nature of these liabilities and the strategy for their management would provide further insight into financial stability.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not include a detailed functional expense breakdown. While the overall expenses are reported, knowing the specific percentages allocated to programs, administration, and fundraising would allow for a more precise assessment of spending efficiency and impact.
Filing History
IRS 990 filing history for Great Bay Services showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Great Bay Services's revenue has grown by 6.3%, moving from $2.6M to $2.8M. Total assets decreased by 62.9% over the same period, from $4.0M to $1.5M. Total functional expenses rose by 3.9%, from $2.6M to $2.7M. In its most recent filing year (2024), Great Bay Services reported a surplus of $42K, with revenue exceeding expenses. The organization holds $299K in liabilities against $1.5M in assets (debt-to-asset ratio: 20.1%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $2.7M | $1.5M | $299K | — | View 990 |
| 2023 | $2.3M | $2.4M | $1.4M | $333K | — | View 990 |
| 2022 | $2.6M | $2.3M | $1.3M | $110K | — | View 990 |
| 2021 | $2.3M | $2.0M | $1.1M | $122K | — | — |
| 2020 | $1.8M | $1.9M | $1.0M | $454K | — | View 990 |
| 2019 | $2.1M | $2.1M | $840K | $108K | — | View 990 |
| 2018 | $2.0M | $2.8M | $923K | $170K | — | View 990 |
| 2017 | $1.8M | $3.0M | $1.6M | $448K | — | — |
| 2016 | $4.0M | $3.2M | $2.9M | $511K | — | View 990 |
| 2015 | $2.4M | $2.9M | $2.4M | $761K | — | View 990 |
| 2014 | $2.9M | $3.3M | $3.6M | $828K | — | View 990 |
| 2013 | $2.1M | $2.9M | $3.8M | $1.0M | — | View 990 |
| 2012 | $2.6M | $2.6M | $4.0M | $371K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.8M, expenses of $2.7M, and assets of $1.5M (revenue +21.7% year-over-year).
- 2023: Revenue of $2.3M, expenses of $2.4M, and assets of $1.4M (revenue -13.1% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.3M, and assets of $1.3M (revenue +13.3% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.0M, and assets of $1.1M (revenue +31.1% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $1.0M (revenue -15.6% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.1M, and assets of $840K (revenue +2.2% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.8M, and assets of $923K (revenue +13.8% year-over-year).
- 2017: Revenue of $1.8M, expenses of $3.0M, and assets of $1.6M (revenue -54.6% year-over-year).
- 2016: Revenue of $4.0M, expenses of $3.2M, and assets of $2.9M (revenue +63.7% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.9M, and assets of $2.4M (revenue -16.5% year-over-year).
- 2014: Revenue of $2.9M, expenses of $3.3M, and assets of $3.6M (revenue +40.0% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.9M, and assets of $3.8M (revenue -20.7% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.6M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Bay Services:
Data Sources and Methodology
This transparency report for Great Bay Services 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.