Merrimack Chamber Of Commerce Inc
Merrimack Chamber Of Commerce Inc: Declining Revenue and Negative Net Income Raise Concerns
EIN: 222653350 · Merrimack, NH · Updated: 2026-04-04
Is Merrimack Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Merrimack Chamber Of Commerce Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Merrimack Chamber Of Commerce Inc
Merrimack Chamber Of Commerce Inc (EIN: 222653350) is a nonprofit organization based in Merrimack, NH. The organization reported total revenue of $29K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merrimack Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Merrimack Chamber Of Commerce Inc with a Mission Score of 60 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Merrimack Chamber Of Commerce Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses.
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 Merrimack Chamber Of Commerce Inc's IRS 990 filings:
- Consistent negative net income, with expenses exceeding revenue in multiple years (e.g., 2019: revenue $28,650, expenses $50,531).
- Significant decline in net assets from $48,683 in 2012 to $10,830 in 2019.
- Reporting $0 for executive compensation despite significant operational expenses.
Strengths
The following positive indicators were identified for Merrimack Chamber Of Commerce Inc:
- Consistent reporting of financial data over several years.
Frequently Asked Questions about Merrimack Chamber Of Commerce Inc
Is Merrimack Chamber Of Commerce Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Merrimack Chamber Of Commerce Inc (EIN: 222653350) some concerns. Mission Score: 60/100. 3 red flags identified, 1 strength noted.
How does Merrimack Chamber Of Commerce Inc spend its money?
Merrimack Chamber Of Commerce Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Merrimack Chamber Of Commerce Inc tax-deductible?
Merrimack Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 222653350). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Merrimack Chamber Of Commerce Inc do?
Merrimack Chamber Of Commerce Inc is a nonprofit organization in the Unknown sector, located in Merrimack, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Merrimack Chamber Of Commerce Inc have?
Merrimack Chamber Of Commerce Inc reported total revenue of $28,650. Based on 9 IRS 990 filings on record.
What are Merrimack Chamber Of Commerce Inc's total assets?
Merrimack Chamber Of Commerce Inc holds total assets of $10,830 as reported in IRS 990 filings.
Where is Merrimack Chamber Of Commerce Inc located?
Merrimack Chamber Of Commerce Inc is based in Merrimack, New Hampshire.
What is Merrimack Chamber Of Commerce Inc's EIN?
Merrimack Chamber Of Commerce Inc's Employer Identification Number (EIN) is 222653350. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Merrimack Chamber Of Commerce Inc?
Merrimack Chamber Of Commerce Inc is classified under NTEE code Unknown (Unknown).
Is Merrimack Chamber Of Commerce Inc a registered 501(c)(3)?
Merrimack Chamber Of Commerce Inc appears in IRS records (EIN: 222653350). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Merrimack Chamber Of Commerce Inc file IRS Form 990?
Yes, Merrimack Chamber Of Commerce Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 201912.
What was Merrimack Chamber Of Commerce Inc's revenue in 2019?
In the 201912 filing period, Merrimack Chamber Of Commerce Inc reported total revenue of $28,650, total expenses of $50,531, and net assets of $10,830.
Is Merrimack Chamber Of Commerce Inc's revenue growing or declining?
Merrimack Chamber Of Commerce Inc's revenue is declining. Revenue went from $58,101 (201812) to $28,650 (201912), a -50.7% change. Based on 9 filings on record.
What is Merrimack Chamber Of Commerce Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Merrimack Chamber Of Commerce Inc covers tax period 201912. It shows revenue of $28,650, expenses of $50,531, total assets of $10,830, and liabilities of N/A.
How much does Merrimack Chamber Of Commerce Inc spend on programs vs administration?
Based on IRS 990 analysis, Merrimack Chamber Of Commerce Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Merrimack Chamber Of Commerce Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Merrimack Chamber Of Commerce Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Merrimack Chamber Of Commerce Inc?
The following concerns were identified: Consistent negative net income, with expenses exceeding revenue in multiple years (e.g., 2019: revenue $28,650, expenses $50,531).. Significant decline in net assets from $48,683 in 2012 to $10,830 in 2019.. Reporting $0 for executive compensation despite significant operational expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Merrimack Chamber Of Commerce Inc's strengths?
Positive indicators for Merrimack Chamber Of Commerce Inc include: Consistent reporting of financial data over several years.. These findings are derived from AI analysis of the organization's financial filings.
How does Merrimack Chamber Of Commerce Inc compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization with reported expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Merrimack Chamber Of Commerce Inc?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees across all available filings. • Net assets have declined significantly from $48,683 in 2012 to $10,830 in 2019. • The organization has reported negative net income for several years, with expenses exceeding revenue. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for executive compensation, how are the operational expenses, such as the $50,531 reported in 2019, being allocated and managed without any paid leadership?
The filings indicate that no compensation is paid to officers, directors, trustees, or key employees. The operational expenses likely cover administrative costs, program delivery, and fundraising activities, potentially managed by volunteers or through contracted services not classified as executive compensation.
What strategies are in place to address the consistent decline in revenue, from $93,229 in 2016 to $28,650 in 2019, and the resulting negative net income?
The provided data does not detail specific strategies. However, the consistent decline suggests a need for a revised fundraising approach, membership drive, or diversification of revenue streams to ensure financial sustainability.
Filing History
IRS 990 filing history for Merrimack Chamber Of Commerce Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Merrimack Chamber Of Commerce Inc's revenue has declined by 59.1%, moving from $70K to $29K. Total assets decreased by 53.6% over the same period, from $23K to $11K. Total functional expenses fell by 24.3%, from $67K to $51K. In its most recent filing year (2019), Merrimack Chamber Of Commerce Inc reported a deficit of $22K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $29K | $51K | $11K | $0 | — | View 990 |
| 2018 | $58K | $36K | $22K | $471 | — | View 990 |
| 2017 | $80K | $84K | $14K | $15K | — | View 990 |
| 2016 | $93K | $96K | $11K | $6K | — | View 990 |
| 2015 | $69K | $90K | $13K | $4K | — | View 990 |
| 2014 | $88K | $85K | $38K | $1K | — | View 990 |
| 2013 | $74K | $93K | $36K | $3K | — | View 990 |
| 2012 | $89K | $72K | $49K | $1K | — | View 990 |
| 2011 | $70K | $67K | $23K | $67 | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $29K, expenses of $51K, and assets of $11K (revenue -50.7% year-over-year).
- 2018: Revenue of $58K, expenses of $36K, and assets of $22K (revenue -27.1% year-over-year).
- 2017: Revenue of $80K, expenses of $84K, and assets of $14K (revenue -14.5% year-over-year).
- 2016: Revenue of $93K, expenses of $96K, and assets of $11K (revenue +35.2% year-over-year).
- 2015: Revenue of $69K, expenses of $90K, and assets of $13K (revenue -21.3% year-over-year).
- 2014: Revenue of $88K, expenses of $85K, and assets of $38K (revenue +19.0% year-over-year).
- 2013: Revenue of $74K, expenses of $93K, and assets of $36K (revenue -17.4% year-over-year).
- 2012: Revenue of $89K, expenses of $72K, and assets of $49K (revenue +27.1% year-over-year).
- 2011: Revenue of $70K, expenses of $67K, and assets of $23K.
Data Sources and Methodology
This transparency report for Merrimack Chamber Of Commerce 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.