Islanders Hockey Club Inc
Islanders Hockey Club Inc. experiences sharp decline in revenue and significant operating deficit in recent years.
EIN: 20477033 · Nashua, NH · NTEE: N60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $71K |
| Program Spending | 80% |
| Net Assets | $339K |
| Transparency Score | 55/100 |
Is Islanders Hockey Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Islanders Hockey Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Islanders Hockey Club Inc
Islanders Hockey Club Inc (EIN: 20477033) is a nonprofit organization based in Nashua, NH, classified under NTEE code N60. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islanders Hockey Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islanders Hockey Club Inc is a micro nonprofit that has been operating for 31 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of -36.0%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $9K |
| Total Expenses | $71K |
| Surplus / Deficit | $-62,200 |
| Total Assets | $339K |
| Net Assets | $339K |
| Operating Margin | -676.1% |
| Months of Reserves | 57.0 months |
Financial Health Grade: B
In 2021, Islanders Hockey Club Inc reported a deficit of $62K with expenses exceeding revenue, holds 57.0 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2012–2021), Islanders Hockey Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -36.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +14.7% | +681.2% | -15.5% |
| 2020 | -95.3% | -96.0% | -0.3% |
| 2019 | -88.1% | -81.8% | -43.9% |
| 2018 | +22.6% | +0.9% | +42.9% |
| 2017 | +7.2% | +7.6% | -21.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1995 |
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 Islanders Hockey Club Inc 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, Islanders Hockey Club Inc 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees received compensation, which is a positive sign for resource allocation.
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 Islanders Hockey Club Inc's IRS 990 filings:
- Dramatic decline in revenue from $1,447,960 in 2018 to $9,200 in 2021.
- Significant operating deficit in the latest filing (202103) with expenses ($71,400) far exceeding revenue ($9,200).
- Assets have decreased from a high of $717,579 in 2018 to $339,263 in 2021, indicating a potential draw-down of reserves.
Strengths
The following positive indicators were identified for Islanders Hockey Club Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds in this area.
- Historically managed significant revenues and expenses, demonstrating past operational capacity (e.g., $1.4M revenue in 2018).
Frequently Asked Questions about Islanders Hockey Club Inc
Is Islanders Hockey Club Inc a legitimate charity?
Islanders Hockey Club Inc (EIN: 20477033) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 55/100. It has 10 years of IRS 990 filings on record. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Islanders Hockey Club Inc spend its money?
Islanders Hockey Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Islanders Hockey Club Inc tax-deductible?
Islanders Hockey Club Inc is registered as a tax-exempt nonprofit (EIN: 20477033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Islanders Hockey Club Inc's spending goes to programs?
Islanders Hockey Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Islanders Hockey Club Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Islanders Hockey Club Inc is near average for NTEE category N60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Islanders Hockey Club Inc located?
Islanders Hockey Club Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20477033. It is classified under NTEE code N60.
How many years of IRS 990 filings does Islanders Hockey Club Inc have?
Islanders Hockey Club Inc has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the dramatic decline in revenue from $1,447,960 in 2018 to $9,200 in 2021?
The IRS 990 filings do not provide narrative explanations for such significant financial shifts. Further inquiry with the organization would be necessary to understand the reasons behind this drastic reduction in financial activity.
How is the organization covering its expenses when revenue is significantly lower, such as $9,200 revenue against $71,400 expenses in 2021?
The organization is likely drawing down on its assets or utilizing reserves to cover the operating deficit. In 2021, assets decreased from $401,463 to $339,263, which could partially account for the deficit.
What are the current programs and activities of Islanders Hockey Club Inc. given the reduced financial scale?
With revenue and expenses at such low levels in recent years, it's unclear what specific programs the organization is currently able to operate. The NTEE code N60 (Amateur Sports) suggests a focus on sports, but the scale of operations is now very limited.
Filing History
IRS 990 filing history for Islanders Hockey Club Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Islanders Hockey Club Inc's revenue has declined by 98.2%, moving from $510K to $9K. Total assets increased by 8.2% over the same period, from $314K to $339K. Total functional expenses fell by 86.4%, from $525K to $71K. In its most recent filing year (2021), Islanders Hockey Club Inc reported a deficit of $62K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $9K | $71K | $339K | $0 | — | View 990 |
| 2020 | $8K | $9K | $401K | $0 | — | View 990 |
| 2019 | $172K | $227K | $403K | $0 | — | View 990 |
| 2018 | $1.4M | $1.3M | $718K | $259K | — | View 990 |
| 2017 | $1.2M | $1.2M | $502K | $240K | — | View 990 |
| 2016 | $1.1M | $1.2M | $642K | $319K | — | View 990 |
| 2015 | $1.5M | $1.1M | $549K | $261K | — | View 990 |
| 2014 | $1.1M | $1.1M | $588K | $625K | — | View 990 |
| 2013 | $816K | $829K | $368K | $355K | — | View 990 |
| 2012 | $510K | $525K | $314K | $288K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $9K, expenses of $71K, and assets of $339K (revenue +14.7% year-over-year).
- 2020: Revenue of $8K, expenses of $9K, and assets of $401K (revenue -95.3% year-over-year).
- 2019: Revenue of $172K, expenses of $227K, and assets of $403K (revenue -88.1% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $718K (revenue +22.6% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $502K (revenue +7.2% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.2M, and assets of $642K (revenue -25.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.1M, and assets of $549K (revenue +37.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $588K (revenue +31.3% year-over-year).
- 2013: Revenue of $816K, expenses of $829K, and assets of $368K (revenue +60.1% year-over-year).
- 2012: Revenue of $510K, expenses of $525K, and assets of $314K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islanders Hockey Club Inc:
Data Sources and Methodology
This transparency report for Islanders Hockey Club Inc 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.