New Hampshire Government Finance Officers Association
New Hampshire Government Finance Officers Association shows consistent transparency but recent operating deficits.
EIN: 20395505 · Concord, NH · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $111K |
| Total Expenses | $115K |
| Program Spending | 85% |
| Net Assets | $109K |
| Transparency Score | 85/100 |
Is New Hampshire Government Finance Officers Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Hampshire Government Finance Officers Association directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Hampshire Government Finance Officers Association
New Hampshire Government Finance Officers Association (EIN: 20395505) is a nonprofit organization based in Concord, NH, classified under NTEE code S41. The organization reported total revenue of $111K and total assets of $102K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Hampshire Government Finance Officers Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Hampshire Government Finance Officers Association is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $94K |
| Total Expenses | $115K |
| Surplus / Deficit | $-20,640 |
| Total Assets | $109K |
| Net Assets | $109K |
| Operating Margin | -22.0% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2023, New Hampshire Government Finance Officers Association reported a deficit of $21K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New Hampshire Government Finance Officers Association's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.8% | -29.5% | -15.9% |
| 2022 | +216.4% | +488.5% | -23.1% |
| 2021 | -52.5% | -13.6% | +7.2% |
| 2020 | -24.7% | -61.1% | +46.7% |
| 2019 | +21.3% | +23.6% | +33.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 New Hampshire Government Finance Officers Association with a Mission Score of 85 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, New Hampshire Government Finance Officers Association 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 $21K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which significantly reduces 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 New Hampshire Government Finance Officers Association's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($114,668 vs. $94,028) and 2022 ($162,538 vs. $123,474), indicating recent operating deficits.
- Significant fluctuation in annual revenue and expenses, making financial forecasting potentially challenging.
Strengths
The following positive indicators were identified for New Hampshire Government Finance Officers Association:
- Zero reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
- Consistent filing of IRS 990 forms for 13 periods, demonstrating strong transparency and compliance.
- Zero reported liabilities in all available filings, indicating a debt-free financial position.
- Healthy asset base ($109,451 in 2023) providing financial stability despite recent operating deficits.
- Strong program focus implied by the nature of a Government Finance Officers Association and the absence of high administrative costs.
Frequently Asked Questions about New Hampshire Government Finance Officers Association
Is New Hampshire Government Finance Officers Association a legitimate charity?
New Hampshire Government Finance Officers Association (EIN: 20395505) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $111K. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does New Hampshire Government Finance Officers Association spend its money?
New Hampshire Government Finance Officers Association directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Hampshire Government Finance Officers Association tax-deductible?
New Hampshire Government Finance Officers Association is registered as a tax-exempt nonprofit (EIN: 20395505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Hampshire Government Finance Officers Association's spending goes to programs?
New Hampshire Government Finance Officers Association directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Hampshire Government Finance Officers Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Hampshire Government Finance Officers Association is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Hampshire Government Finance Officers Association located?
New Hampshire Government Finance Officers Association is headquartered in Concord, New Hampshire and files with the IRS under EIN 20395505. It is classified under NTEE code S41.
How many years of IRS 990 filings does New Hampshire Government Finance Officers Association have?
New Hampshire Government Finance Officers Association 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 $111K in total revenue.
Is NHGFOA a good charity?
Based on the provided data, NHGFOA appears to be a well-managed and transparent organization with a strong commitment to its mission, evidenced by zero executive compensation and consistent financial reporting. While it has experienced operating deficits in 2022 and 2023, its substantial asset base and zero liabilities suggest financial stability.
What caused the recent operating deficits in 2022 and 2023?
The provided data does not specify the exact causes, but in 2023, expenses ($114,668) exceeded revenue ($94,028) by $20,640, and in 2022, expenses ($162,538) exceeded revenue ($123,474) by $39,064. Further analysis of the detailed 990 forms would be needed to identify specific expense categories that increased or revenue streams that decreased.
How does NHGFOA fund its operations?
The organization's revenue streams fluctuate, but it consistently generates revenue (e.g., $94,028 in 2023, $123,474 in 2022). Given its NTEE code (S41) and mission, revenue likely comes from membership dues, conference fees, training programs, and potentially grants or sponsorships related to government finance.
Filing History
IRS 990 filing history for New Hampshire Government Finance Officers Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Hampshire Government Finance Officers Association's revenue has grown by 62.4%, moving from $58K to $94K. Total assets increased by 46.9% over the same period, from $75K to $109K. Total functional expenses rose by 109%, from $55K to $115K. In its most recent filing year (2023), New Hampshire Government Finance Officers Association reported a deficit of $21K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $94K | $115K | $109K | $0 | — | — |
| 2022 | $123K | $163K | $130K | $0 | — | View 990 |
| 2021 | $39K | $28K | $169K | $0 | — | View 990 |
| 2020 | $82K | $32K | $158K | $0 | — | View 990 |
| 2019 | $109K | $82K | $108K | $0 | — | View 990 |
| 2018 | $90K | $67K | $81K | $0 | — | View 990 |
| 2017 | $82K | $81K | $57K | $0 | — | View 990 |
| 2016 | $67K | $76K | $56K | $0 | — | View 990 |
| 2015 | $58K | $62K | $64K | $0 | — | View 990 |
| 2014 | $74K | $73K | $68K | $0 | — | View 990 |
| 2013 | $73K | $78K | $68K | $0 | — | View 990 |
| 2012 | $50K | $53K | $72K | $0 | — | View 990 |
| 2011 | $58K | $55K | $75K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $94K, expenses of $115K, and assets of $109K (revenue -23.8% year-over-year).
- 2022: Revenue of $123K, expenses of $163K, and assets of $130K (revenue +216.4% year-over-year).
- 2021: Revenue of $39K, expenses of $28K, and assets of $169K (revenue -52.5% year-over-year).
- 2020: Revenue of $82K, expenses of $32K, and assets of $158K (revenue -24.7% year-over-year).
- 2019: Revenue of $109K, expenses of $82K, and assets of $108K (revenue +21.3% year-over-year).
- 2018: Revenue of $90K, expenses of $67K, and assets of $81K (revenue +9.2% year-over-year).
- 2017: Revenue of $82K, expenses of $81K, and assets of $57K (revenue +22.5% year-over-year).
- 2016: Revenue of $67K, expenses of $76K, and assets of $56K (revenue +16.6% year-over-year).
- 2015: Revenue of $58K, expenses of $62K, and assets of $64K (revenue -21.5% year-over-year).
- 2014: Revenue of $74K, expenses of $73K, and assets of $68K (revenue +0.2% year-over-year).
- 2013: Revenue of $73K, expenses of $78K, and assets of $68K (revenue +45.8% year-over-year).
- 2012: Revenue of $50K, expenses of $53K, and assets of $72K (revenue -13.1% year-over-year).
- 2011: Revenue of $58K, expenses of $55K, and assets of $75K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Hampshire Government Finance Officers Association:
Data Sources and Methodology
This transparency report for New Hampshire Government Finance Officers Association 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.