Greater Somersworth Chamber Of Commerce

Greater Somersworth Chamber of Commerce faces declining revenue and assets, operating at a deficit in recent years.

EIN: 20419085 · Somersworth, NH · Updated: 2026-03-28

$37KRevenue

$3KAssets

55/100Mission Score (Fair)

About Greater Somersworth Chamber Of Commerce

Greater Somersworth Chamber Of Commerce (EIN: 20419085) is a nonprofit organization based in Somersworth, NH. The organization reported total revenue of $37K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Somersworth Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Greater Somersworth Chamber of Commerce has experienced a significant decline in financial health over the past few years. Revenue has dropped from a high of $123,454 in 2019 to $46,398 in 2023, while expenses have frequently exceeded revenue, leading to a reduction in assets from $119,912 in 2019 to $22,162 in 2023. This trend suggests operational challenges and a need for strategic financial planning to ensure long-term sustainability. The organization consistently reports zero officer compensation, which indicates a volunteer-led or very lean executive structure, contributing to lower administrative overhead in that specific area.

Spending efficiency is difficult to fully assess without a detailed breakdown of program versus administrative and fundraising expenses, as the provided data only gives total expenses. However, the consistent deficit spending, such as $54,167 in expenses against $46,398 in revenue in 2023, indicates that the organization is spending more than it earns. The lack of liabilities reported in recent years (2020-2023) is a positive sign regarding debt management, but the shrinking asset base is a concern.

Transparency appears to be adequate given the availability of 990 filings. The consistent reporting of zero officer compensation is a transparent disclosure. However, without more granular expense data, it's challenging to fully evaluate how efficiently funds are being allocated to core programs versus other operational costs. The significant decrease in assets from $105,018 in 2020 to $22,162 in 2023, alongside declining revenue, points to a challenging financial trajectory.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Greater Somersworth Chamber Of Commerce with a Mission Score of 55 out of 100 (Fair). 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, Greater Somersworth Chamber Of Commerce 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 reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through other means not classified as officer compensation, which is positive for minimizing overhead in this area for a small organization.

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 Somersworth Chamber Of Commerce's IRS 990 filings:

Consistent deficit spending (e.g., $54,167 expenses vs. $46,398 revenue in 2023).
Significant decline in revenue from $123,454 in 2019 to $46,398 in 2023.
Substantial decrease in assets from $119,912 in 2019 to $22,162 in 2023.
Lack of detailed expense breakdown to assess program spending efficiency.

Strengths

The following positive indicators were identified for Greater Somersworth Chamber Of Commerce:

Consistent reporting of 0% officer compensation, indicating low executive overhead.
No reported liabilities in recent years (2020-2023), suggesting good debt management.
Regular IRS 990 filings demonstrate transparency.

Frequently Asked Questions about Greater Somersworth Chamber Of Commerce

What caused the significant decline in revenue from $123,454 in 2019 to $46,398 in 2023?

The provided data does not specify the reasons for the revenue decline, but it is a critical factor impacting the organization's financial health.

How does the organization plan to address its consistent deficit spending, such as the $7,769 deficit in 2023?

The filings show expenses frequently exceeding revenue, leading to a reduction in assets. A strategy to balance the budget is needed.

What is the detailed breakdown of expenses to understand program efficiency?

The provided data only gives total expenses, making it difficult to assess the proportion spent directly on programs versus administrative or fundraising activities.

What is the plan to rebuild the asset base, which has decreased from $119,912 in 2019 to $22,162 in 2023?

The significant reduction in assets indicates a need for a financial recovery strategy to ensure long-term stability.

Filing History

IRS 990 filing history for Greater Somersworth Chamber Of Commerce showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Greater Somersworth Chamber Of Commerce's revenue has declined by 48.7%, moving from $91K to $46K. Total assets decreased by 81.7% over the same period, from $121K to $22K. Total functional expenses fell by 31.9%, from $80K to $54K. In its most recent filing year (2023), Greater Somersworth Chamber Of Commerce reported a deficit of $8K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$46K	$54K	$22K	$0	—	—
2022	$29K	$71K	$30K	$0	—	—
2021	$43K	$76K	$72K	$0	—	—
2020	$54K	$69K	$105K	$0	—	—
2019	$123K	$91K	$120K	$397	—	—
2018	$75K	$80K	$126K	$39K	—	View 990
2017	$91K	$77K	$103K	$11K	—	View 990
2016	$94K	$81K	$92K	$14K	—	View 990
2015	$78K	$86K	$83K	$17K	—	View 990
2014	$66K	$86K	$83K	$10K	—	View 990
2013	$101K	$106K	$98K	$4K	—	View 990
2012	$79K	$83K	$108K	$10K	—	View 990
2011	$91K	$80K	$121K	$19K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $46K, expenses of $54K, and assets of $22K (revenue +60.1% year-over-year).
2022: Revenue of $29K, expenses of $71K, and assets of $30K (revenue -33.1% year-over-year).
2021: Revenue of $43K, expenses of $76K, and assets of $72K (revenue -20.1% year-over-year).
2020: Revenue of $54K, expenses of $69K, and assets of $105K (revenue -56.1% year-over-year).
2019: Revenue of $123K, expenses of $91K, and assets of $120K (revenue +65.1% year-over-year).
2018: Revenue of $75K, expenses of $80K, and assets of $126K (revenue -17.5% year-over-year).
2017: Revenue of $91K, expenses of $77K, and assets of $103K (revenue -3.2% year-over-year).
2016: Revenue of $94K, expenses of $81K, and assets of $92K (revenue +19.6% year-over-year).
2015: Revenue of $78K, expenses of $86K, and assets of $83K (revenue +17.8% year-over-year).
2014: Revenue of $66K, expenses of $86K, and assets of $83K (revenue -34.4% year-over-year).
2013: Revenue of $101K, expenses of $106K, and assets of $98K (revenue +28.9% year-over-year).
2012: Revenue of $79K, expenses of $83K, and assets of $108K (revenue -13.2% year-over-year).
2011: Revenue of $91K, expenses of $80K, and assets of $121K.

Data Sources and Methodology

This transparency report for Greater Somersworth Chamber Of Commerce 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.