Island Marina Association
Island Marina Association shows consistent revenue growth and strong financial health with no reported liabilities.
EIN: 20417490 · Alton Bay, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $223K |
| Total Expenses | $155K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $222,802 |
| Net Assets | $293K |
| Transparency Score | 95/100 |
Is Island Marina Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Island Marina Association directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Island Marina Association
Island Marina Association (EIN: 20417490) is a nonprofit organization based in Alton Bay, NH. The organization reported total revenue of $223K and total assets of $372K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Marina Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Marina Association is a small nonprofit that has been operating for 36 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $218K |
| Total Expenses | $155K |
| Surplus / Deficit | +$63K |
| Total Assets | $293K |
| Net Assets | $293K |
| Operating Margin | 28.9% |
| Months of Reserves | 22.7 months |
Financial Health Grade: A
In 2023, Island Marina Association reported a surplus of $63K with revenue exceeding expenses, holds 22.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Island Marina Association's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.4% | +14.9% | +27.4% |
| 2022 | -1.3% | -9.8% | +25.1% |
| 2021 | +17.6% | -9.4% | +22.7% |
| 2020 | -2.3% | +13.9% | -5.7% |
| 2019 | +2.5% | -2.9% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Island Marina Association 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Island Marina Association allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 surplus of $63K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating a volunteer-led organization or one with no paid officers, which is highly efficient for an organization of its size (latest revenue $222,802).
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 Island Marina Association:
- Consistent revenue growth, increasing from $152,303 in 2013 to $218,251 in 2023.
- Strong asset growth, nearly doubling from $148,874 in 2013 to $293,334 in 2023.
- Zero reported liabilities across all filings, indicating a debt-free and financially stable organization.
- 0% officer compensation reported, suggesting high operational efficiency and volunteer leadership.
- Consistent operating surplus in recent years, demonstrating sound financial management (e.g., $218,251 revenue vs. $155,202 expenses in 2023).
Frequently Asked Questions about Island Marina Association
Is Island Marina Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Island Marina Association (EIN: 20417490) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Island Marina Association spend its money?
Island Marina Association directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Island Marina Association tax-deductible?
Island Marina Association is registered as a tax-exempt nonprofit (EIN: 20417490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Island Marina Association CEO make?
Island Marina Association's highest-compensated officer earns $222,802 annually. The organization reported $223K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Island Marina Association located?
Island Marina Association is headquartered in Alton Bay, New Hampshire and files with the IRS under EIN 20417490.
How many years of IRS 990 filings does Island Marina Association have?
Island Marina Association 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 $223K in total revenue.
Is Island Marina Association a good charity?
Based on the financial data, Island Marina Association appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, operates without debt, and has 0% officer compensation, suggesting high efficiency and dedication to its mission.
How has Island Marina Association's financial health changed over time?
The organization's financial health has significantly improved. Revenue has grown from $152,303 in 2013 to $218,251 in 2023, and assets have nearly doubled from $148,874 to $293,334 in the same period, indicating robust growth and increasing financial stability.
Does Island Marina Association have any debt?
No, Island Marina Association consistently reports $0 in liabilities across all available IRS 990 filings, indicating a debt-free operation.
Filing History
IRS 990 filing history for Island Marina Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Island Marina Association's revenue has grown by 78.2%, moving from $122K to $218K. Total assets increased by 102.6% over the same period, from $145K to $293K. Total functional expenses rose by 5.8%, from $147K to $155K. In its most recent filing year (2023), Island Marina Association reported a surplus of $63K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $218K | $155K | $293K | $0 | — | View 990 |
| 2022 | $181K | $135K | $230K | $0 | — | — |
| 2021 | $184K | $150K | $184K | $0 | — | — |
| 2020 | $156K | $165K | $150K | $0 | — | View 990 |
| 2019 | $160K | $145K | $159K | $0 | — | View 990 |
| 2018 | $156K | $149K | $144K | $0 | — | View 990 |
| 2017 | $151K | $157K | $138K | $0 | — | View 990 |
| 2016 | $155K | $147K | $143K | $0 | — | View 990 |
| 2015 | $155K | $156K | $136K | $0 | — | View 990 |
| 2013 | $152K | $154K | $149K | $0 | — | View 990 |
| 2012 | $155K | $150K | $150K | $0 | — | View 990 |
| 2011 | $122K | $147K | $145K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $218K, expenses of $155K, and assets of $293K (revenue +20.4% year-over-year).
- 2022: Revenue of $181K, expenses of $135K, and assets of $230K (revenue -1.3% year-over-year).
- 2021: Revenue of $184K, expenses of $150K, and assets of $184K (revenue +17.6% year-over-year).
- 2020: Revenue of $156K, expenses of $165K, and assets of $150K (revenue -2.3% year-over-year).
- 2019: Revenue of $160K, expenses of $145K, and assets of $159K (revenue +2.5% year-over-year).
- 2018: Revenue of $156K, expenses of $149K, and assets of $144K (revenue +3.3% year-over-year).
- 2017: Revenue of $151K, expenses of $157K, and assets of $138K (revenue -2.5% year-over-year).
- 2016: Revenue of $155K, expenses of $147K, and assets of $143K (revenue -0.3% year-over-year).
- 2015: Revenue of $155K, expenses of $156K, and assets of $136K (revenue +1.9% year-over-year).
- 2013: Revenue of $152K, expenses of $154K, and assets of $149K (revenue -1.8% year-over-year).
- 2012: Revenue of $155K, expenses of $150K, and assets of $150K (revenue +26.6% year-over-year).
- 2011: Revenue of $122K, expenses of $147K, and assets of $145K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Marina Association:
Data Sources and Methodology
This transparency report for Island Marina Association 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.