Nashua Association For The Elderly Inc

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Nashua Association For The Elderly Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Nashua Association For The Elderly Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Nashua Association For The Elderly Inc in one place.

Is Nashua Association For The Elderly Inc Legit?

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Nashua Association For The Elderly Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Nashua Association For The Elderly Inc

Nashua Association For The Elderly Inc (EIN: 20344807) is a nonprofit organization based in Nashua, NH, classified under NTEE code P81Z. The organization reported total revenue of $583K and total assets of $814K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nashua Association For The Elderly Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Nashua Association For The Elderly Inc is a small nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.1%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Nashua Association For The Elderly Inc reported a deficit of $40K with expenses exceeding revenue, holds 17.3 months of operating reserves (strong position), has a debt-to-asset ratio of 5.9% (very low leverage).

Financial Trends

Over 14 years of filings (2010–2023), Nashua Association For The Elderly Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.

IRS Tax-Exempt Classification

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 Nashua Association For The Elderly Inc with a Mission Score of 90 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: 85%
• fundraising: 5%

According to IRS 990 filings, Nashua Association For The Elderly Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $40K, with expenses exceeding revenue.
• Debt-to-asset ratio: 5.9%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either entirely volunteer-based or compensated through non-officer categories, which is highly efficient for an organization of its size with revenues typically around $500,000-$700,000.

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 Nashua Association For The Elderly Inc:

• Consistent 0% officer compensation, indicating high efficiency and dedication.
• Growing asset base, from $401,926 in 2019 to $773,593 in 2023, demonstrating financial stability.
• Stable operational history with consistent revenue generation over many years.
• Low liabilities relative to assets, such as $45,358 in liabilities against $773,593 in assets in 2023.

Frequently Asked Questions about Nashua Association For The Elderly Inc

Filing History

IRS 990 filing history for Nashua Association For The Elderly Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Nashua Association For The Elderly Inc's revenue has grown by 15.2%, moving from $431K to $497K. Total assets decreased by 68.4% over the same period, from $2.4M to $774K. Total functional expenses rose by 9.9%, from $488K to $536K. In its most recent filing year (2023), Nashua Association For The Elderly Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $45K in liabilities against $774K in assets (debt-to-asset ratio: 5.9%), resulting in net assets of $728K.

Year-by-Year Financial Summary

• 2023: Revenue of $497K, expenses of $536K, and assets of $774K (revenue -30.4% year-over-year).
• 2022: Revenue of $714K, expenses of $504K, and assets of $781K (revenue +44.3% year-over-year).
• 2021: Revenue of $495K, expenses of $438K, and assets of $613K (revenue -1.1% year-over-year).
• 2020: Revenue of $500K, expenses of $365K, and assets of $561K (revenue -23.4% year-over-year).
• 2019: Revenue of $653K, expenses of $578K, and assets of $402K (revenue +18.5% year-over-year).
• 2018: Revenue of $551K, expenses of $553K, and assets of $320K (revenue +5.4% year-over-year).
• 2017: Revenue of $523K, expenses of $510K, and assets of $2.4M (revenue -2.1% year-over-year).
• 2016: Revenue of $534K, expenses of $474K, and assets of $2.4M (revenue +18.6% year-over-year).
• 2015: Revenue of $451K, expenses of $383K, and assets of $2.4M (revenue -0.6% year-over-year).
• 2014: Revenue of $453K, expenses of $434K, and assets of $2.3M (revenue +8.4% year-over-year).
• 2013: Revenue of $418K, expenses of $452K, and assets of $2.3M (revenue +7.6% year-over-year).
• 2012: Revenue of $389K, expenses of $430K, and assets of $2.4M (revenue -6.4% year-over-year).
• 2011: Revenue of $415K, expenses of $453K, and assets of $2.4M (revenue -3.7% year-over-year).
• 2010: Revenue of $431K, expenses of $488K, and assets of $2.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Nashua Association For The Elderly Inc:

Data Sources and Methodology

This transparency report for Nashua Association For The Elderly 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.