Greater Laconia Transit Agency
Greater Laconia Transit Agency experiences significant revenue decline and operating deficit in latest fiscal year.
EIN: 20480822 · Laconia, NH · NTEE: P52Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3K |
| Total Expenses | $41K |
| Program Spending | 75% |
| Net Assets | $136K |
| Transparency Score | 65/100 |
Is Greater Laconia Transit Agency Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Laconia Transit Agency directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Greater Laconia Transit Agency
Greater Laconia Transit Agency (EIN: 20480822) is a nonprofit organization based in Laconia, NH, classified under NTEE code P52Z. The organization reported total revenue of $3K and total assets of $75K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Laconia Transit Agency's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Laconia Transit Agency is a micro nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13K |
| Total Expenses | $41K |
| Surplus / Deficit | $-27,936 |
| Total Assets | $197K |
| Total Liabilities | $61K |
| Net Assets | $136K |
| Operating Margin | -209.2% |
| Debt-to-Asset Ratio | 31.0% |
| Months of Reserves | 57.3 months |
Financial Health Grade: B
In 2023, Greater Laconia Transit Agency reported a deficit of $28K with expenses exceeding revenue, holds 57.3 months of operating reserves (strong position), has a debt-to-asset ratio of 31.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Laconia Transit Agency's revenue has declined at a compound annual growth rate (CAGR) of -13.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.5% | +25.3% | +7.1% |
| 2022 | +12.3% | +49.6% | +70.4% |
| 2021 | +333.1% | +29.9% | +0.2% |
| 2020 | +19.3% | +43.2% | +3.6% |
| 2019 | -51.3% | -28.3% | +141.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Greater Laconia Transit Agency 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Greater Laconia Transit Agency allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $28K, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.0%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's officers are not drawing salaries, which is highly unusual for an organization of its size and operational history.
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 Greater Laconia Transit Agency's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (Expenses $41,291 vs. Revenue $13,355 in 2023).
- Volatile year-over-year revenue, with a sharp decline from $92,078 in 2022 to $13,355 in 2023.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering efficiency analysis.
Strengths
The following positive indicators were identified for Greater Laconia Transit Agency:
- Consistent reporting of 0% officer compensation across all available filings, indicating a commitment to minimizing executive overhead.
- Consistent filing of IRS 990s, demonstrating transparency in financial reporting.
- Positive net assets in most years, indicating some financial reserves (e.g., $197,298 assets vs. $61,214 liabilities in 2023).
Frequently Asked Questions about Greater Laconia Transit Agency
Is Greater Laconia Transit Agency a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Laconia Transit Agency (EIN: 20480822) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Greater Laconia Transit Agency spend its money?
Greater Laconia Transit Agency directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Laconia Transit Agency tax-deductible?
Greater Laconia Transit Agency is registered as a tax-exempt nonprofit (EIN: 20480822). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Greater Laconia Transit Agency's spending goes to programs?
Greater Laconia Transit Agency directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Greater Laconia Transit Agency compare to similar nonprofits?
With a transparency score of 65/100 (Good), Greater Laconia Transit Agency is above average for NTEE category P52Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Greater Laconia Transit Agency located?
Greater Laconia Transit Agency is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20480822. It is classified under NTEE code P52Z.
How many years of IRS 990 filings does Greater Laconia Transit Agency have?
Greater Laconia Transit Agency 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 $3K in total revenue.
What caused the drastic revenue drop from $92,078 in 2022 to $13,355 in 2023?
The provided data does not specify the reasons for this significant decline, but it is a critical area for further inquiry to understand the organization's financial stability.
How does Greater Laconia Transit Agency cover its operational expenses without officer compensation?
The consistent 0% officer compensation suggests a volunteer-led executive structure, which is commendable but also raises questions about the sustainability and capacity of leadership.
What is the detailed breakdown of expenses (program, admin, fundraising) for the latest fiscal year?
The provided summary data lacks this crucial detail, which is necessary to fully assess spending efficiency and program focus.
What are the primary sources of revenue for the organization?
The data only provides total revenue figures, not the specific sources, which would offer insight into funding stability and diversification.
Filing History
IRS 990 filing history for Greater Laconia Transit Agency showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Laconia Transit Agency's revenue has declined by 82.7%, moving from $77K to $13K. Total assets decreased by 20.3% over the same period, from $248K to $197K. Total functional expenses fell by 49.2%, from $81K to $41K. In its most recent filing year (2023), Greater Laconia Transit Agency reported a deficit of $28K, with expenses exceeding revenue. The organization holds $61K in liabilities against $197K in assets (debt-to-asset ratio: 31.0%), resulting in net assets of $136K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13K | $41K | $197K | $61K | — | View 990 |
| 2022 | $92K | $33K | $184K | $20K | — | View 990 |
| 2021 | $82K | $22K | $108K | $3K | — | View 990 |
| 2020 | $19K | $17K | $108K | $63K | — | View 990 |
| 2019 | $16K | $12K | $104K | $61K | — | View 990 |
| 2018 | $33K | $17K | $43K | $4K | — | View 990 |
| 2017 | $21K | $25K | $53K | $30K | — | View 990 |
| 2016 | $35K | $30K | $75K | $48K | — | View 990 |
| 2015 | $42K | $35K | $100K | $79K | — | View 990 |
| 2014 | $57K | $56K | $129K | $114K | — | View 990 |
| 2013 | $104K | $86K | $120K | $106K | — | View 990 |
| 2012 | $93K | $85K | $206K | $210K | — | View 990 |
| 2011 | $77K | $81K | $248K | $260K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13K, expenses of $41K, and assets of $197K (revenue -85.5% year-over-year).
- 2022: Revenue of $92K, expenses of $33K, and assets of $184K (revenue +12.3% year-over-year).
- 2021: Revenue of $82K, expenses of $22K, and assets of $108K (revenue +333.1% year-over-year).
- 2020: Revenue of $19K, expenses of $17K, and assets of $108K (revenue +19.3% year-over-year).
- 2019: Revenue of $16K, expenses of $12K, and assets of $104K (revenue -51.3% year-over-year).
- 2018: Revenue of $33K, expenses of $17K, and assets of $43K (revenue +53.3% year-over-year).
- 2017: Revenue of $21K, expenses of $25K, and assets of $53K (revenue -39.1% year-over-year).
- 2016: Revenue of $35K, expenses of $30K, and assets of $75K (revenue -16.7% year-over-year).
- 2015: Revenue of $42K, expenses of $35K, and assets of $100K (revenue -27.0% year-over-year).
- 2014: Revenue of $57K, expenses of $56K, and assets of $129K (revenue -44.7% year-over-year).
- 2013: Revenue of $104K, expenses of $86K, and assets of $120K (revenue +11.5% year-over-year).
- 2012: Revenue of $93K, expenses of $85K, and assets of $206K (revenue +20.4% year-over-year).
- 2011: Revenue of $77K, expenses of $81K, and assets of $248K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Laconia Transit Agency:
Data Sources and Methodology
This transparency report for Greater Laconia Transit Agency 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.