Northern Community Investment Corp
Northern Community Investment Corp consistently reports zero officer compensation amidst stable financial operations and declining asset base.
EIN: 20318035 · St Johnsbury, VT · NTEE: S310 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $827K |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| Net Assets | $10.0M |
| Transparency Score | 95/100 |
Is Northern Community Investment Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northern Community Investment Corp directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northern Community Investment Corp
Northern Community Investment Corp (EIN: 20318035) is a nonprofit organization based in St Johnsbury, VT, classified under NTEE code S310. The organization reported total revenue of $827K and total assets of $790K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northern Community Investment Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northern Community Investment Corp is a small nonprofit that has been operating for 51 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$150K |
| Total Assets | $16.4M |
| Total Liabilities | $6.4M |
| Net Assets | $10.0M |
| Operating Margin | 7.7% |
| Debt-to-Asset Ratio | 39.0% |
| Months of Reserves | 110.0 months |
Financial Health Grade: A
In 2023, Northern Community Investment Corp reported a surplus of $150K with revenue exceeding expenses, holds 110.0 months of operating reserves (strong position), has a debt-to-asset ratio of 39.0% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Northern Community Investment Corp's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.0% | +19.4% | -2.7% |
| 2022 | -18.2% | -14.8% | -2.5% |
| 2021 | +26.4% | +7.0% | -2.7% |
| 2020 | -15.4% | -8.5% | -5.9% |
| 2019 | +10.6% | +5.6% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1975 |
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 Northern Community Investment Corp with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Northern Community Investment Corp allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $150K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.0%.
Executive Compensation Analysis
Northern Community Investment Corp consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual and suggests a strong commitment to program spending or an alternative compensation structure not reflected in this metric.
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 Northern Community Investment Corp's IRS 990 filings:
- Declining asset base over the past decade without clear explanation in provided data
Strengths
The following positive indicators were identified for Northern Community Investment Corp:
- Consistent 0% officer compensation, indicating high efficiency and mission focus
- Revenues generally exceed or closely match expenses, demonstrating financial stability
- Strong program spending implied by lack of executive compensation
- Long history of IRS 990 filings (12 filings), indicating consistent reporting
Frequently Asked Questions about Northern Community Investment Corp
Is Northern Community Investment Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Northern Community Investment Corp (EIN: 20318035) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Northern Community Investment Corp spend its money?
Northern Community Investment Corp directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Northern Community Investment Corp tax-deductible?
Northern Community Investment Corp is registered as a tax-exempt nonprofit (EIN: 20318035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Northern Community Investment Corp's spending goes to programs?
Northern Community Investment Corp directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Northern Community Investment Corp compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Northern Community Investment Corp is above average for NTEE category S310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Northern Community Investment Corp located?
Northern Community Investment Corp is headquartered in St Johnsbury, Vermont and files with the IRS under EIN 20318035. It is classified under NTEE code S310.
How many years of IRS 990 filings does Northern Community Investment Corp have?
Northern Community Investment Corp has 12 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 $827K in total revenue.
Is Northern Community Investment Corp a good charity?
Based on the available data, Northern Community Investment Corp appears to be a very good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission, and generally manages its expenses within its revenue. The NTEE code S310 suggests a focus on community economic development, and the financial practices align with efficient resource allocation.
Why are assets declining over the past decade?
The organization's assets have declined from $22,236,676 in 2014 to $16,420,167 in 2023. This could be due to several factors, such as strategic divestment of certain investments, repayment of long-term liabilities (which have also decreased), or a shift in the nature of their community investment activities. Further investigation into their balance sheet details would be needed to understand the specific reasons.
How does Northern Community Investment Corp fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that either the officers are volunteers, compensated through a related entity, or their compensation is categorized differently within the IRS 990 filing (e.g., as general staff salaries if they are not considered 'officers' in the IRS definition). This practice significantly reduces administrative overhead related to leadership.
Filing History
IRS 990 filing history for Northern Community Investment Corp showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Northern Community Investment Corp's revenue has declined by 61.7%, moving from $5.1M to $1.9M. Total assets decreased by 28.6% over the same period, from $23.0M to $16.4M. Total functional expenses fell by 60.5%, from $4.5M to $1.8M. In its most recent filing year (2023), Northern Community Investment Corp reported a surplus of $150K, with revenue exceeding expenses. The organization holds $6.4M in liabilities against $16.4M in assets (debt-to-asset ratio: 39.0%), resulting in net assets of $10.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $16.4M | $6.4M | — | View 990 |
| 2022 | $1.6M | $1.5M | $16.9M | $7.0M | — | View 990 |
| 2021 | $1.9M | $1.8M | $17.3M | $7.5M | — | View 990 |
| 2020 | $1.5M | $1.6M | $17.8M | $8.6M | — | View 990 |
| 2019 | $1.8M | $1.8M | $18.9M | $9.6M | — | View 990 |
| 2018 | $1.6M | $1.7M | $19.0M | $9.7M | — | View 990 |
| 2017 | $2.3M | $2.3M | $19.8M | $10.4M | — | View 990 |
| 2016 | $2.4M | $2.9M | $20.1M | $10.6M | — | View 990 |
| 2015 | $3.3M | $3.3M | $20.5M | $9.0M | — | View 990 |
| 2014 | $3.8M | $3.7M | $22.2M | $10.5M | — | View 990 |
| 2013 | $3.1M | $3.7M | $21.7M | $9.9M | — | View 990 |
| 2012 | $5.1M | $4.5M | $23.0M | $10.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $16.4M (revenue +24.0% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $16.9M (revenue -18.2% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.8M, and assets of $17.3M (revenue +26.4% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.6M, and assets of $17.8M (revenue -15.4% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $18.9M (revenue +10.6% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.7M, and assets of $19.0M (revenue -29.6% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $19.8M (revenue -2.6% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.9M, and assets of $20.1M (revenue -28.0% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.3M, and assets of $20.5M (revenue -13.0% year-over-year).
- 2014: Revenue of $3.8M, expenses of $3.7M, and assets of $22.2M (revenue +21.4% year-over-year).
- 2013: Revenue of $3.1M, expenses of $3.7M, and assets of $21.7M (revenue -38.8% year-over-year).
- 2012: Revenue of $5.1M, expenses of $4.5M, and assets of $23.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northern Community Investment Corp:
Data Sources and Methodology
This transparency report for Northern Community Investment Corp 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.