Great Mountain Forest Corporation
Great Mountain Forest Corporation consistently maintains strong assets and zero executive compensation, demonstrating fiscal prudence.
EIN: 132998991 · Norfolk, CT · NTEE: T20 · Updated: 2026-03-28
Is Great Mountain Forest Corporation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Great Mountain Forest Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Great Mountain Forest Corporation
Great Mountain Forest Corporation (EIN: 132998991) is a nonprofit organization based in Norfolk, CT, classified under NTEE code T20. The organization reported total revenue of $2.5M and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Great Mountain Forest Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Great Mountain Forest Corporation is a mid-size nonprofit that has been operating for 62 years, with 11 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $939K |
| Total Expenses | $773K |
| Surplus / Deficit | +$166K |
| Total Assets | $13.3M |
| Total Liabilities | $43K |
| Net Assets | $13.3M |
| Operating Margin | 17.7% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 206.7 months |
Financial Health Grade: A
In 2024, Great Mountain Forest Corporation reported a surplus of $166K with revenue exceeding expenses, holds 206.7 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2024), Great Mountain Forest Corporation's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +26.6% | +30.0% | +1.3% |
| 2023 | -18.7% | -18.1% | +1.2% |
| 2022 | +13.7% | +15.4% | +1.5% |
| 2021 | +50.1% | +1.8% | +0.9% |
| 2020 | -86.3% | +14.1% | -0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Mountain Forest Corporation with a Mission Score of 95 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Great Mountain Forest Corporation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $166K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is exceptional for an organization of its size with assets exceeding $13 million, indicating a strong commitment to directing resources towards its mission.
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.
Strengths
The following positive indicators were identified for Great Mountain Forest Corporation:
- Consistent asset growth, from $9.2M in 2012 to $13.4M currently.
- Zero reported officer compensation across all filings, indicating high mission focus.
- Generally positive net income, with revenue exceeding expenses in most recent periods.
- Low liabilities relative to assets, demonstrating strong financial health.
- Significant revenue generation capacity, as shown by the $3.9M revenue in 2019.
Frequently Asked Questions about Great Mountain Forest Corporation
Is Great Mountain Forest Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Great Mountain Forest Corporation (EIN: 132998991) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Great Mountain Forest Corporation spend its money?
Great Mountain Forest Corporation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Great Mountain Forest Corporation tax-deductible?
Great Mountain Forest Corporation is registered as a tax-exempt nonprofit (EIN: 132998991). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Great Mountain Forest Corporation financially stable?
Yes, the organization is financially stable, consistently growing its assets from $9.2 million in 2012 to over $13.4 million currently, and generally operating with a revenue surplus, such as $939,303 in revenue against $773,012 in expenses in 2024.
How does Great Mountain Forest Corporation manage executive compensation?
Great Mountain Forest Corporation reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries are paid to its officers, which is a highly positive indicator of resource allocation.
What is the trend in the organization's assets?
The organization's assets have shown a consistent upward trend, increasing from $9,287,469 in 2012 to $13,441,826 currently, demonstrating strong financial growth and stewardship.
Did the organization experience any unusual financial events?
Yes, in 2019, the organization reported a significant revenue spike to $3,907,902, which is substantially higher than its typical annual revenue, suggesting a major fundraising success or capital infusion that year.
Filing History
IRS 990 filing history for Great Mountain Forest Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2024), Great Mountain Forest Corporation's revenue has grown by 251.4%, moving from $267K to $939K. Total assets increased by 41.9% over the same period, from $9.4M to $13.3M. Total functional expenses rose by 130.7%, from $335K to $773K. In its most recent filing year (2024), Great Mountain Forest Corporation reported a surplus of $166K, with revenue exceeding expenses. The organization holds $43K in liabilities against $13.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $939K | $773K | $13.3M | $43K | — | View 990 |
| 2023 | $742K | $595K | $13.1M | $17K | — | View 990 |
| 2022 | $913K | $726K | $13.0M | $17K | — | View 990 |
| 2021 | $803K | $629K | $12.8M | $11K | — | View 990 |
| 2020 | $535K | $618K | $12.7M | $66K | — | View 990 |
| 2019 | $3.9M | $542K | $12.7M | $32K | — | View 990 |
| 2015 | $706K | $509K | $9.3M | $18K | — | View 990 |
| 2014 | $358K | $473K | $9.0M | $295 | — | View 990 |
| 2013 | $226K | $380K | $9.3M | $3K | — | View 990 |
| 2012 | $249K | $348K | $9.3M | $0 | — | View 990 |
| 2011 | $267K | $335K | $9.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $939K, expenses of $773K, and assets of $13.3M (revenue +26.6% year-over-year).
- 2023: Revenue of $742K, expenses of $595K, and assets of $13.1M (revenue -18.7% year-over-year).
- 2022: Revenue of $913K, expenses of $726K, and assets of $13.0M (revenue +13.7% year-over-year).
- 2021: Revenue of $803K, expenses of $629K, and assets of $12.8M (revenue +50.1% year-over-year).
- 2020: Revenue of $535K, expenses of $618K, and assets of $12.7M (revenue -86.3% year-over-year).
- 2019: Revenue of $3.9M, expenses of $542K, and assets of $12.7M (revenue +453.6% year-over-year).
- 2015: Revenue of $706K, expenses of $509K, and assets of $9.3M (revenue +97.0% year-over-year).
- 2014: Revenue of $358K, expenses of $473K, and assets of $9.0M (revenue +58.9% year-over-year).
- 2013: Revenue of $226K, expenses of $380K, and assets of $9.3M (revenue -9.5% year-over-year).
- 2012: Revenue of $249K, expenses of $348K, and assets of $9.3M (revenue -6.8% year-over-year).
- 2011: Revenue of $267K, expenses of $335K, and assets of $9.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Great Mountain Forest Corporation:
Data Sources and Methodology
This transparency report for Great Mountain Forest Corporation 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.