Hanover Area Chamber Of Commerce
Hanover Area Chamber of Commerce shows fluctuating revenues and expenses, with recent asset decline to $0 and no reported officer compensation.
EIN: 20406892 · Lebanon, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $206K |
| Total Expenses | $277K |
| Program Spending | 75% |
| Net Assets | $50K |
| Transparency Score | 65/100 |
Is Hanover Area Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hanover Area Chamber Of Commerce directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hanover Area Chamber Of Commerce
Hanover Area Chamber Of Commerce (EIN: 20406892) is a nonprofit organization based in Lebanon, NH. The organization reported total revenue of $206K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hanover Area Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hanover Area Chamber Of Commerce is a small nonprofit that has been operating for 60 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $262K |
| Total Expenses | $277K |
| Surplus / Deficit | $-14,668 |
| Total Assets | $62K |
| Total Liabilities | $12K |
| Net Assets | $50K |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2018, Hanover Area Chamber Of Commerce reported a deficit of $15K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2018), Hanover Area Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +47.0% | +13.0% | -4.1% |
| 2017 | +3.2% | +2.5% | -50.6% |
| 2016 | -28.8% | -0.8% | -33.4% |
| 2015 | -7.8% | -1.8% | +1.0% |
| 2014 | -8.1% | +1.1% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1966 |
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 Hanover Area Chamber Of Commerce 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, Hanover Area Chamber Of Commerce 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 (2018)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting that officers are either unpaid volunteers or their compensation falls below the IRS reporting threshold for officers, which is a positive indicator for cost efficiency.
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 Hanover Area Chamber Of Commerce's IRS 990 filings:
- Latest reported assets are $0, a significant decline from previous years without clear explanation.
- Frequent operational deficits, where expenses exceed revenues (e.g., 2018, 2017, 2016, 2012, 2011).
- NTEE code is unknown, hindering proper classification and comparative analysis.
Strengths
The following positive indicators were identified for Hanover Area Chamber Of Commerce:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds in executive salaries.
- Long filing history (8 filings) suggests consistent operation and compliance with IRS reporting requirements.
Frequently Asked Questions about Hanover Area Chamber Of Commerce
Is Hanover Area Chamber Of Commerce a legitimate charity?
Hanover Area Chamber Of Commerce (EIN: 20406892) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 8 years of IRS 990 filings on record. Total revenue: $206K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Hanover Area Chamber Of Commerce spend its money?
Hanover Area Chamber Of Commerce directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Hanover Area Chamber Of Commerce tax-deductible?
Hanover Area Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 20406892). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hanover Area Chamber Of Commerce's spending goes to programs?
Hanover Area Chamber Of Commerce directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hanover Area Chamber Of Commerce located?
Hanover Area Chamber Of Commerce is headquartered in Lebanon, New Hampshire and files with the IRS under EIN 20406892.
How many years of IRS 990 filings does Hanover Area Chamber Of Commerce have?
Hanover Area Chamber Of Commerce has 8 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 $206K in total revenue.
Why are the latest reported assets $0, despite previous filings showing significant assets?
The latest data indicates $0 in assets, a significant drop from previous years (e.g., $62,483 in 2018, $197,963 in 2015). This requires clarification to understand if assets were liquidated, transferred, or if there's a reporting discrepancy.
How does the organization manage its operational deficits, such as the $14,668 deficit in 2018?
The organization frequently reports expenses exceeding revenues (e.g., $277,074 expenses vs. $262,406 revenue in 2018). Understanding how these deficits are covered and their long-term impact on financial stability is crucial.
What is the NTEE code for this organization, and why is it not reported?
The NTEE code is listed as 'Unknown'. This classification helps understand the organization's primary purpose and can impact how it's evaluated against peers. Its absence reduces transparency.
Filing History
IRS 990 filing history for Hanover Area Chamber Of Commerce showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Hanover Area Chamber Of Commerce's revenue has grown by 4.1%, moving from $252K to $262K. Total assets decreased by 62.5% over the same period, from $166K to $62K. Total functional expenses rose by 18.8%, from $233K to $277K. In its most recent filing year (2018), Hanover Area Chamber Of Commerce reported a deficit of $15K, with expenses exceeding revenue. The organization holds $12K in liabilities against $62K in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $50K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $262K | $277K | $62K | $12K | — | View 990 |
| 2017 | $178K | $245K | $65K | $0 | — | — |
| 2016 | $173K | $239K | $132K | $0 | — | View 990 |
| 2015 | $243K | $241K | $198K | $0 | — | View 990 |
| 2014 | $264K | $245K | $196K | $0 | — | View 990 |
| 2013 | $287K | $243K | $178K | $0 | — | View 990 |
| 2012 | $211K | $244K | $134K | $0 | — | View 990 |
| 2011 | $252K | $233K | $166K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $262K, expenses of $277K, and assets of $62K (revenue +47.0% year-over-year).
- 2017: Revenue of $178K, expenses of $245K, and assets of $65K (revenue +3.2% year-over-year).
- 2016: Revenue of $173K, expenses of $239K, and assets of $132K (revenue -28.8% year-over-year).
- 2015: Revenue of $243K, expenses of $241K, and assets of $198K (revenue -7.8% year-over-year).
- 2014: Revenue of $264K, expenses of $245K, and assets of $196K (revenue -8.1% year-over-year).
- 2013: Revenue of $287K, expenses of $243K, and assets of $178K (revenue +35.8% year-over-year).
- 2012: Revenue of $211K, expenses of $244K, and assets of $134K (revenue -16.3% year-over-year).
- 2011: Revenue of $252K, expenses of $233K, and assets of $166K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hanover Area Chamber Of Commerce:
Data Sources and Methodology
This transparency report for Hanover Area 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.