North Country Chamber Of Commerce

North Country Chamber Of Commerce faces significant financial deficit in 2023 with expenses far exceeding revenue.

EIN: 20448954 · Colebrook, NH · NTEE: S41 · Updated: 2026-03-28

$70KRevenue

$20KAssets

65/100Mission Score (Good)

S41

About North Country Chamber Of Commerce

North Country Chamber Of Commerce (EIN: 20448954) is a nonprofit organization based in Colebrook, NH, classified under NTEE code S41. The organization reported total revenue of $70K and total assets of $20K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Country Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The North Country Chamber Of Commerce demonstrates inconsistent financial health over the past several years. While the organization reported a substantial revenue of $448,058 in 2020 and $323,472 in 2019, its latest filing for 2023 shows a significantly lower revenue of $6,635, alongside expenses of $130,993, indicating a substantial deficit. This recent trend of expenses exceeding revenue is also visible in 2022 ($88,498 revenue vs. $108,095 expenses) and 2016 ($78,420 revenue vs. $85,369 expenses). The organization's assets have fluctuated, peaking at $218,449 in 2020 and dropping to $62,551 in 2023, which is a concern given the high expenses relative to revenue in the latest period. The consistent reporting of 0% officer compensation suggests a volunteer-led or very lean executive structure, which can be a positive for donor confidence regarding administrative overhead.

Spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which is not provided in the summary data. However, the significant operating deficits in recent years (e.g., $124,358 in 2023) raise questions about the sustainability of current spending levels relative to incoming revenue. The organization's NTEE code S41 (Chambers of Commerce) implies a focus on community and business development, and the lack of officer compensation suggests resources are not being diverted to high executive salaries.

In terms of transparency, the organization has a consistent filing history with 11 IRS 990 filings, which is a positive indicator of compliance. The consistent reporting of 0% officer compensation is also a transparent disclosure. However, the dramatic swings in revenue and the recent significant deficits warrant closer examination of their financial management and fundraising strategies to ensure long-term viability and effective use of resources.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates North Country Chamber Of Commerce with a Mission Score of 65 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 Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a volunteer-driven leadership or that compensation, if any, falls below reporting thresholds, which is highly efficient for an organization of its size.

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 Chamber Of Commerce's IRS 990 filings:

Significant operating deficit in 2023 ($124,358) where expenses ($130,993) vastly exceeded revenue ($6,635).
Dramatic and inconsistent revenue fluctuations, from a high of $448,058 in 2020 to a low of $6,635 in 2023.
Declining assets from a peak of $218,449 in 2020 to $62,551 in 2023, indicating a potential draw on reserves.

Strengths

The following positive indicators were identified for North Country Chamber Of Commerce:

Consistent IRS 990 filing history (11 filings), indicating good compliance and transparency.
0% officer compensation reported across all available filings, suggesting efficient use of funds not allocated to executive salaries.
Historically strong revenue periods, such as $448,058 in 2020 and $323,472 in 2019, demonstrating past capacity for significant financial activity.

Frequently Asked Questions about North Country Chamber Of Commerce

What caused the significant drop in revenue from $448,058 in 2020 to $6,635 in 2023?

The provided data does not specify the reasons for the drastic revenue decline. It could be due to a one-time grant in 2020, a change in funding model, or economic challenges impacting membership/donations.

How does the organization plan to address the substantial operating deficit of $124,358 reported in 2023?

The data indicates a significant deficit in 2023 ($6,635 revenue vs. $130,993 expenses). The organization would need to either significantly increase revenue or reduce expenses to achieve financial stability, but the specific plans are not detailed in the summary.

What is the breakdown of program, administrative, and fundraising expenses for the most recent fiscal year?

The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to fully assess spending efficiency beyond the overall expense figures.

Filing History

IRS 990 filing history for North Country Chamber Of Commerce showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2013–2023), North Country Chamber Of Commerce's revenue has declined by 77.9%, moving from $30K to $7K. Total assets increased by 714.3% over the same period, from $8K to $63K. Total functional expenses rose by 293.2%, from $33K to $131K. In its most recent filing year (2023), North Country Chamber Of Commerce reported a deficit of $124K, with expenses exceeding revenue. The organization holds $31K in liabilities against $63K in assets (debt-to-asset ratio: 48.8%), resulting in net assets of $32K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7K	$131K	$63K	$31K	—	View 990
2022	$88K	$108K	$187K	$18K	—	—
2021	$162K	$77K	$207K	$18K	—	View 990
2020	$448K	$414K	$218K	$38K	—	—
2019	$323K	$290K	$179K	$16K	—	View 990
2018	$156K	$113K	$158K	$29K	—	View 990
2017	$121K	$91K	$97K	$11K	—	View 990
2016	$78K	$85K	$85K	$29K	—	View 990
2015	$106K	$78K	$0	$0	—	View 990
2014	$88K	$50K	$51K	$16K	—	View 990
2013	$30K	$33K	$8K	$11K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7K, expenses of $131K, and assets of $63K (revenue -92.5% year-over-year).
2022: Revenue of $88K, expenses of $108K, and assets of $187K (revenue -45.5% year-over-year).
2021: Revenue of $162K, expenses of $77K, and assets of $207K (revenue -63.7% year-over-year).
2020: Revenue of $448K, expenses of $414K, and assets of $218K (revenue +38.5% year-over-year).
2019: Revenue of $323K, expenses of $290K, and assets of $179K (revenue +106.8% year-over-year).
2018: Revenue of $156K, expenses of $113K, and assets of $158K (revenue +29.6% year-over-year).
2017: Revenue of $121K, expenses of $91K, and assets of $97K (revenue +53.8% year-over-year).
2016: Revenue of $78K, expenses of $85K, and assets of $85K (revenue -25.8% year-over-year).
2015: Revenue of $106K, expenses of $78K, and assets of $0 (revenue +20.2% year-over-year).
2014: Revenue of $88K, expenses of $50K, and assets of $51K (revenue +192.8% year-over-year).
2013: Revenue of $30K, expenses of $33K, and assets of $8K.

Data Sources and Methodology

This transparency report for North Country Chamber Of Commerce 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.