Gunstock Nordic Assoc
Gunstock Nordic Assoc faces persistent operating deficits and declining assets, with minimal financial reserves.
EIN: 20333358 · Gilford, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $55K |
| Program Spending | 80% |
| Net Assets | $-847 |
| Transparency Score | 55/100 |
Is Gunstock Nordic Assoc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Gunstock Nordic Assoc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Gunstock Nordic Assoc
Gunstock Nordic Assoc (EIN: 20333358) is a nonprofit organization based in Gilford, NH. The organization reported total revenue of $53K and total assets of $340 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gunstock Nordic Assoc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gunstock Nordic Assoc is a micro nonprofit that has been operating for 49 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $53K |
| Total Expenses | $55K |
| Surplus / Deficit | $-1,340 |
| Total Assets | $340 |
| Total Liabilities | $1K |
| Net Assets | $-847 |
| Operating Margin | -2.5% |
| Debt-to-Asset Ratio | 349.1% |
| Months of Reserves | 0.1 months |
Financial Health Grade: D
In 2023, Gunstock Nordic Assoc reported a deficit of $1K with expenses exceeding revenue, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 349.1% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Gunstock Nordic Assoc's revenue has declined at a compound annual growth rate (CAGR) of -0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.8% | -11.0% | -84.1% |
| 2022 | +13.0% | +15.9% | -75.2% |
| 2021 | +6.5% | +2.7% | -21.2% |
| 2020 | -15.6% | -17.6% | +35.3% |
| 2019 | -16.2% | +6.9% | -50.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Gunstock Nordic Assoc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Gunstock Nordic Assoc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $1K, with expenses exceeding revenue.
- Debt-to-asset ratio: 349.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is common for very small nonprofits and helps minimize administrative overhead.
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 Gunstock Nordic Assoc's IRS 990 filings:
- Consistent operating deficits (8 out of 10 years reported expenses exceeded revenue)
- Significant decline in assets ($16,260 in 2018 to $340 in 2023)
- Liabilities often exceed assets (e.g., $1,187 liabilities vs. $340 assets in 2023)
- Minimal financial reserves ($340 in assets as of 2023)
Strengths
The following positive indicators were identified for Gunstock Nordic Assoc:
- Zero officer compensation, indicating volunteer leadership and low administrative overhead related to salaries
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting
- Long operational history with 12 filings available
Frequently Asked Questions about Gunstock Nordic Assoc
Is Gunstock Nordic Assoc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gunstock Nordic Assoc (EIN: 20333358) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Gunstock Nordic Assoc spend its money?
Gunstock Nordic Assoc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Gunstock Nordic Assoc tax-deductible?
Gunstock Nordic Assoc is registered as a tax-exempt nonprofit (EIN: 20333358). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Gunstock Nordic Assoc's spending goes to programs?
Gunstock Nordic Assoc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Gunstock Nordic Assoc located?
Gunstock Nordic Assoc is headquartered in Gilford, New Hampshire and files with the IRS under EIN 20333358.
How many years of IRS 990 filings does Gunstock Nordic Assoc have?
Gunstock Nordic Assoc has 12 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 $53K in total revenue.
Is Gunstock Nordic Assoc financially sustainable?
The organization's financial sustainability is questionable given its consistent operating deficits (e.g., $1,340 in 2023) and a significant decline in assets from $16,260 in 2018 to $340 in 2023. This trend suggests a reliance on future revenue to cover current expenses, with very little in reserves.
How does the organization fund its operations?
Based on the revenue figures, the organization primarily funds its operations through annual income, likely from membership fees, event registrations, or small donations, as it does not appear to have significant investment income or large grants given its asset base.
What is the trend in the organization's financial health?
The trend shows a decline in financial health, with assets decreasing from $16,260 in 2018 to $340 in 2023, and liabilities often exceeding assets in recent years (e.g., $1,187 liabilities vs. $340 assets in 2023). This indicates a weakening financial position.
Filing History
IRS 990 filing history for Gunstock Nordic Assoc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Gunstock Nordic Assoc's revenue has declined by 0.9%, moving from $54K to $53K. Total assets decreased by 98.1% over the same period, from $18K to $340. Total functional expenses rose by 9.9%, from $50K to $55K. In its most recent filing year (2023), Gunstock Nordic Assoc reported a deficit of $1K, with expenses exceeding revenue. The organization holds $1K in liabilities against $340 in assets (debt-to-asset ratio: 349.1%), resulting in net assets of $-847.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $53K | $55K | $340 | $1K | — | View 990 |
| 2022 | $55K | $61K | $2K | $2K | — | View 990 |
| 2021 | $49K | $53K | $9K | $11K | — | — |
| 2020 | $46K | $52K | $11K | $9K | — | View 990 |
| 2019 | $55K | $63K | $8K | $807 | — | View 990 |
| 2018 | $65K | $59K | $16K | $780 | — | View 990 |
| 2017 | $58K | $58K | $10K | $691 | — | View 990 |
| 2016 | $49K | $53K | $10K | $689 | — | View 990 |
| 2015 | $63K | $57K | $14K | $609 | — | View 990 |
| 2014 | $52K | $55K | $8K | $229 | — | View 990 |
| 2013 | $62K | $54K | $24K | $3K | — | View 990 |
| 2012 | $54K | $50K | $18K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $53K, expenses of $55K, and assets of $340 (revenue -3.8% year-over-year).
- 2022: Revenue of $55K, expenses of $61K, and assets of $2K (revenue +13.0% year-over-year).
- 2021: Revenue of $49K, expenses of $53K, and assets of $9K (revenue +6.5% year-over-year).
- 2020: Revenue of $46K, expenses of $52K, and assets of $11K (revenue -15.6% year-over-year).
- 2019: Revenue of $55K, expenses of $63K, and assets of $8K (revenue -16.2% year-over-year).
- 2018: Revenue of $65K, expenses of $59K, and assets of $16K (revenue +12.9% year-over-year).
- 2017: Revenue of $58K, expenses of $58K, and assets of $10K (revenue +17.4% year-over-year).
- 2016: Revenue of $49K, expenses of $53K, and assets of $10K (revenue -22.4% year-over-year).
- 2015: Revenue of $63K, expenses of $57K, and assets of $14K (revenue +20.5% year-over-year).
- 2014: Revenue of $52K, expenses of $55K, and assets of $8K (revenue -15.9% year-over-year).
- 2013: Revenue of $62K, expenses of $54K, and assets of $24K (revenue +15.9% year-over-year).
- 2012: Revenue of $54K, expenses of $50K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gunstock Nordic Assoc:
Data Sources and Methodology
This transparency report for Gunstock Nordic Assoc 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.