Nashua Association For The Elderly Inc

Nashua Association For The Elderly Inc maintains stable finances with growing assets and no reported officer compensation.

EIN: 20344807 · Nashua, NH · NTEE: P81Z · Updated: 2026-03-28

$583KRevenue

$814KAssets

90/100Mission Score (Excellent)

P81Z

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.

AI Transparency Report

Nashua Association For The Elderly Inc demonstrates a generally stable financial position, with assets growing from $401,926 in 2019 to $773,593 in 2023, indicating prudent financial management over recent years. While revenue has fluctuated, such as a peak of $713,788 in 2022 followed by a decrease to $496,571 in 2023, the organization has consistently managed its expenses, often operating with a surplus or a modest deficit, as seen in 2023 where expenses ($536,276) slightly exceeded revenue ($496,571). This suggests a commitment to program delivery even during periods of revenue fluctuation.

The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which is a positive sign for donor confidence. The NTEE code P81Z (Senior Centers) aligns well with the organization's name and implied mission, suggesting a focused program area. The absence of officer compensation also contributes positively to its transparency and efficiency profile.

Overall, the organization exhibits a healthy financial trajectory with increasing assets and a consistent operational history. The lack of reported officer compensation is a significant strength, indicating a high degree of financial efficiency and a strong commitment to directing resources towards its mission. While revenue can vary year-to-year, the organization's ability to manage expenses and grow its asset base points to sound financial stewardship.

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.

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

Is Nashua Association For The Elderly Inc a good charity?

Based on the available IRS 990 data, Nashua Association For The Elderly Inc appears to be a good charity. It demonstrates strong financial health with growing assets, consistent operations, and notably, reports 0% officer compensation across all filings, indicating high efficiency and dedication to its mission.

How has the organization's financial health changed over time?

The organization's financial health has generally improved, with assets increasing from $401,926 in 2019 to $773,593 in 2023, despite some fluctuations in revenue and expenses. This indicates effective asset management and financial stability.

What is the organization's approach to executive compensation?

Nashua Association For The Elderly Inc consistently reports 0% officer compensation, suggesting a highly efficient model where executive leadership is either volunteer-based or compensated through other means not classified as officer pay, which is a significant positive for resource allocation.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$497K	$536K	$774K	$45K	—	—
2022	$714K	$504K	$781K	$40K	—	View 990
2021	$495K	$438K	$613K	$39K	—	View 990
2020	$500K	$365K	$561K	$40K	—	View 990
2019	$653K	$578K	$402K	$49K	—	View 990
2018	$551K	$553K	$320K	$62K	—	View 990
2017	$523K	$510K	$2.4M	$54K	—	View 990
2016	$534K	$474K	$2.4M	$44K	—	View 990
2015	$451K	$383K	$2.4M	$47K	—	View 990
2014	$453K	$434K	$2.3M	$36K	—	View 990
2013	$418K	$452K	$2.3M	$37K	—	View 990
2012	$389K	$430K	$2.4M	$45K	—	View 990
2011	$415K	$453K	$2.4M	$46K	—	View 990
2010	$431K	$488K	$2.4M	$55K	—	View 990

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.

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.