North Country Center For The Arts Inc

North Country Center For The Arts Inc faces consistent operating deficits despite stable assets and no reported officer compensation.

EIN: 20400662 · Lincoln, NH · NTEE: A20 · Updated: 2026-03-28

$669KRevenue

$1.9MAssets

75/100Mission Score (Good)

A20

About North Country Center For The Arts Inc

North Country Center For The Arts Inc (EIN: 20400662) is a nonprofit organization based in Lincoln, NH, classified under NTEE code A20. The organization reported total revenue of $669K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Country Center For The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

North Country Center For The Arts Inc demonstrates a fluctuating financial performance over the past several years. While the organization reported a significant revenue of $943,602 in 2020, its most recent filing (202312) shows revenue at $457,988, with expenses exceeding revenue at $578,736, indicating an operating deficit. This trend of expenses often surpassing revenue is visible in multiple periods, such as 202312, 202210, 202110, 201910, 201810, and 201710, suggesting a reliance on prior reserves or other funding sources to cover operational costs. The organization's assets have generally been stable, hovering around $2 million, but have seen a slight decline from a peak of $2,499,953 in 2016 to $1,875,991 in 2023.

The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 14 filings available, indicating a commitment to public disclosure. A notable positive is the consistent reporting of 0% officer compensation across all available filings, which suggests that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, potentially indicating a strong dedication to mission over personal gain. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency. The consistent operating deficits in recent years warrant closer examination of their financial sustainability strategy.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates North Country Center For The Arts Inc with a Mission Score of 75 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, North Country Center For The Arts Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either entirely volunteer or compensated through non-officer categories, which is a positive indicator of resource allocation towards the mission.

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 North Country Center For The Arts Inc's IRS 990 filings:

Consistent operating deficits in recent years (e.g., 202312, 202210, 202110), where expenses exceed revenue.
Significant fluctuation in annual revenue, particularly the sharp drop from $943,602 in 2020 to $58,001 in 2022, which could indicate unstable funding sources.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.

Strengths

The following positive indicators were identified for North Country Center For The Arts Inc:

Consistent reporting of 0% officer compensation across all filings, suggesting a strong commitment to directing resources to the mission.
Long history of IRS 990 filings (14 filings), indicating good transparency and compliance.
Stable asset base of approximately $1.9 million, providing some financial cushion despite operating deficits.

Frequently Asked Questions about North Country Center For The Arts Inc

Is North Country Center For The Arts Inc financially sustainable given its recurring operating deficits?

The organization has reported expenses exceeding revenue in several recent periods (e.g., $578,736 expenses vs. $457,988 revenue in 202312), indicating a pattern of operating deficits. While assets remain relatively stable, this trend raises questions about long-term financial sustainability without a clear strategy to balance income and expenditures.

How does the organization cover its operating deficits?

With expenses frequently surpassing revenue, the organization likely covers these deficits by drawing from its accumulated assets or through other non-operating income sources not detailed in the provided summary. Further analysis of their full financial statements would be needed to identify the specific mechanisms.

What is the breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information is crucial for a comprehensive assessment of spending efficiency and how resources are allocated to the mission versus overhead.

Why was there a significant revenue drop from $943,602 in 2020 to $58,001 in 2022?

The dramatic fluctuation in revenue, particularly the sharp decline from 2020 to 2022, warrants investigation. This could be due to one-time grants in 2020, changes in programming, or external factors impacting fundraising and earned income.

Filing History

IRS 990 filing history for North Country Center For The Arts Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2023), North Country Center For The Arts Inc's revenue has declined by 22.2%, moving from $588K to $458K. Total assets decreased by 14% over the same period, from $2.2M to $1.9M. Total functional expenses rose by 65.6%, from $349K to $579K. In its most recent filing year (2023), North Country Center For The Arts Inc reported a deficit of $121K, with expenses exceeding revenue. The organization holds $216K in liabilities against $1.9M in assets (debt-to-asset ratio: 11.5%), resulting in net assets of $1.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$458K	$579K	$1.9M	$216K	—	—
2022	$58K	$62K	$2.0M	$213K	—	View 990
2022	$386K	$498K	$2.0M	$210K	—	View 990
2021	$332K	$380K	$2.1M	$225K	—	View 990
2020	$944K	$230K	$2.2M	$254K	—	View 990
2019	$429K	$487K	$2.1M	$852K	—	View 990
2018	$444K	$458K	$2.2M	$885K	—	View 990
2017	$470K	$524K	$2.3M	$976K	—	View 990
2016	$697K	$663K	$2.5M	$1.0M	—	View 990
2015	$697K	$663K	$2.5M	$1.0M	—	—
2014	$598K	$551K	$2.6M	$1.1M	—	View 990
2013	$509K	$553K	$2.5M	$1.1M	—	View 990
2012	$653K	$484K	$2.6M	$1.2M	—	View 990
2011	$588K	$349K	$2.2M	$917K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $458K, expenses of $579K, and assets of $1.9M (revenue +689.6% year-over-year).
2022: Revenue of $58K, expenses of $62K, and assets of $2.0M (revenue -85.0% year-over-year).
2022: Revenue of $386K, expenses of $498K, and assets of $2.0M (revenue +16.2% year-over-year).
2021: Revenue of $332K, expenses of $380K, and assets of $2.1M (revenue -64.8% year-over-year).
2020: Revenue of $944K, expenses of $230K, and assets of $2.2M (revenue +120.0% year-over-year).
2019: Revenue of $429K, expenses of $487K, and assets of $2.1M (revenue -3.4% year-over-year).
2018: Revenue of $444K, expenses of $458K, and assets of $2.2M (revenue -5.5% year-over-year).
2017: Revenue of $470K, expenses of $524K, and assets of $2.3M (revenue -32.5% year-over-year).
2016: Revenue of $697K, expenses of $663K, and assets of $2.5M (revenue +0.0% year-over-year).
2015: Revenue of $697K, expenses of $663K, and assets of $2.5M (revenue +16.5% year-over-year).
2014: Revenue of $598K, expenses of $551K, and assets of $2.6M (revenue +17.5% year-over-year).
2013: Revenue of $509K, expenses of $553K, and assets of $2.5M (revenue -22.0% year-over-year).
2012: Revenue of $653K, expenses of $484K, and assets of $2.6M (revenue +10.9% year-over-year).
2011: Revenue of $588K, expenses of $349K, and assets of $2.2M.

Data Sources and Methodology

This transparency report for North Country Center For The Arts 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.