N H Sea Building Association Inc
N H Sea Building Association Inc maintains stable revenue but faces declining assets and occasional operating deficits.
EIN: 20453510 · Concord, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $102K |
| Total Expenses | $104K |
| Program Spending | 70% |
| Net Assets | $1.1M |
| Transparency Score | 70/100 |
Is N H Sea Building Association Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
N H Sea Building Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About N H Sea Building Association Inc
N H Sea Building Association Inc (EIN: 20453510) is a nonprofit organization based in Concord, NH. The organization reported total revenue of $102K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of N H Sea Building Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
N H Sea Building Association Inc is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $98K |
| Total Expenses | $104K |
| Surplus / Deficit | $-6,122 |
| Total Assets | $1.3M |
| Total Liabilities | $236K |
| Net Assets | $1.1M |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 18.3% |
| Months of Reserves | 148.3 months |
Financial Health Grade: B
In 2023, N H Sea Building Association Inc reported a deficit of $6K with expenses exceeding revenue, holds 148.3 months of operating reserves (strong position), has a debt-to-asset ratio of 18.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), N H Sea Building Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +28.7% | -4.1% |
| 2022 | -3.0% | -4.6% | -2.1% |
| 2021 | -0.8% | -1.8% | -2.0% |
| 2020 | +1.2% | -3.0% | -1.9% |
| 2019 | +0.0% | -1.8% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 N H Sea Building Association Inc with a Mission Score of 70 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, N H Sea Building Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is likely entirely volunteer-based, which is highly favorable for minimizing 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 N H Sea Building Association Inc's IRS 990 filings:
- Consistent decline in total assets over the past decade (from $1.57M in 2014 to $1.29M in 2023).
- Expenses occasionally exceed revenue (e.g., $104,150 expenses vs. $98,028 revenue in 2023), indicating operating deficits.
- NTEE code is unknown, making it difficult to benchmark against similar organizations or fully understand its programmatic focus.
Strengths
The following positive indicators were identified for N H Sea Building Association Inc:
- Strong asset base ($1,170,019) relative to annual revenue, indicating financial stability.
- Consistently reports zero officer compensation, suggesting a highly efficient and volunteer-driven leadership structure.
- Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
- Low liabilities relative to assets ($235,864 liabilities vs. $1,286,811 assets in 2023).
Frequently Asked Questions about N H Sea Building Association Inc
Is N H Sea Building Association Inc a legitimate charity?
N H Sea Building Association Inc (EIN: 20453510) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $102K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does N H Sea Building Association Inc spend its money?
N H Sea Building Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to N H Sea Building Association Inc tax-deductible?
N H Sea Building Association Inc is registered as a tax-exempt nonprofit (EIN: 20453510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of N H Sea Building Association Inc's spending goes to programs?
N H Sea Building Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is N H Sea Building Association Inc located?
N H Sea Building Association Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20453510.
How many years of IRS 990 filings does N H Sea Building Association Inc have?
N H Sea Building Association Inc has 13 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 $102K in total revenue.
Why have the organization's assets been consistently declining over the past decade?
The organization's assets have decreased from $1,569,136 in 2014 to $1,286,811 in 2023. This trend, coupled with periods where expenses exceed revenue (e.g., 2023 expenses of $104,150 vs. revenue of $98,028), suggests the organization may be drawing down reserves or experiencing capital depreciation without sufficient reinvestment or appreciation.
What is the NTEE code and specific mission of N H Sea Building Association Inc?
The NTEE code is currently unknown, and the provided data does not explicitly state the organization's specific mission. Understanding its mission would be crucial to evaluating its program effectiveness and alignment of spending.
How does the organization manage to operate with zero reported officer compensation?
The consistent reporting of 0% officer compensation suggests that all executive and officer roles are filled by volunteers. This is a significant strength in terms of minimizing administrative costs but raises questions about the sustainability and capacity of a fully volunteer-led organization over the long term.
What are the primary categories of expenses for the organization?
While total expenses are provided (e.g., $104,150 in 2023), the detailed breakdown into program, administrative, and fundraising expenses is not available in the provided data. This information is essential for a thorough assessment of spending efficiency.
Filing History
IRS 990 filing history for N H Sea Building Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), N H Sea Building Association Inc's revenue has grown by 11.9%, moving from $88K to $98K. Total assets decreased by 22.4% over the same period, from $1.7M to $1.3M. Total functional expenses rose by 13.2%, from $92K to $104K. In its most recent filing year (2023), N H Sea Building Association Inc reported a deficit of $6K, with expenses exceeding revenue. The organization holds $236K in liabilities against $1.3M in assets (debt-to-asset ratio: 18.3%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $98K | $104K | $1.3M | $236K | — | — |
| 2022 | $98K | $81K | $1.3M | $285K | — | — |
| 2021 | $101K | $85K | $1.4M | $333K | — | View 990 |
| 2020 | $102K | $86K | $1.4M | $377K | — | — |
| 2019 | $101K | $89K | $1.4M | $420K | — | View 990 |
| 2018 | $101K | $91K | $1.5M | $461K | — | View 990 |
| 2017 | $101K | $91K | $1.5M | $501K | — | View 990 |
| 2016 | $101K | $92K | $1.5M | $540K | — | View 990 |
| 2015 | $100K | $93K | $1.5M | $577K | — | View 990 |
| 2014 | $99K | $93K | $1.6M | $612K | — | View 990 |
| 2013 | $94K | $98K | $1.6M | $646K | — | View 990 |
| 2012 | $93K | $87K | $1.6M | $679K | — | View 990 |
| 2011 | $88K | $92K | $1.7M | $710K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $98K, expenses of $104K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2022: Revenue of $98K, expenses of $81K, and assets of $1.3M (revenue -3.0% year-over-year).
- 2021: Revenue of $101K, expenses of $85K, and assets of $1.4M (revenue -0.8% year-over-year).
- 2020: Revenue of $102K, expenses of $86K, and assets of $1.4M (revenue +1.2% year-over-year).
- 2019: Revenue of $101K, expenses of $89K, and assets of $1.4M (revenue +0.0% year-over-year).
- 2018: Revenue of $101K, expenses of $91K, and assets of $1.5M (revenue +-0.0% year-over-year).
- 2017: Revenue of $101K, expenses of $91K, and assets of $1.5M (revenue +0.3% year-over-year).
- 2016: Revenue of $101K, expenses of $92K, and assets of $1.5M (revenue +0.2% year-over-year).
- 2015: Revenue of $100K, expenses of $93K, and assets of $1.5M (revenue +1.0% year-over-year).
- 2014: Revenue of $99K, expenses of $93K, and assets of $1.6M (revenue +6.3% year-over-year).
- 2013: Revenue of $94K, expenses of $98K, and assets of $1.6M (revenue +0.6% year-over-year).
- 2012: Revenue of $93K, expenses of $87K, and assets of $1.6M (revenue +6.1% year-over-year).
- 2011: Revenue of $88K, expenses of $92K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for N H Sea Building Association Inc:
Data Sources and Methodology
This transparency report for N H Sea Building Association 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.