Penacook Assisted Living Facility Inc

Penacook Assisted Living Facility maintains operational surpluses but carries significant liabilities.

EIN: 20506456 · Penacook, NH · NTEE: P75 · Updated: 2026-03-28

$4.1MRevenue

$5.7MAssets

70/100Mission Score (Good)

P75

About Penacook Assisted Living Facility Inc

Penacook Assisted Living Facility Inc (EIN: 20506456) is a nonprofit organization based in Penacook, NH, classified under NTEE code P75. The organization reported total revenue of $4.1M and total assets of $5.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Penacook Assisted Living Facility Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Penacook Assisted Living Facility Inc. demonstrates consistent operational activity, with revenues generally exceeding expenses in recent years, indicating a stable financial footing. For instance, in the 202406 period, revenue was $3,891,859 against expenses of $3,856,386, resulting in a modest surplus. However, the organization consistently reports liabilities exceeding assets, such as $6,753,844 in liabilities versus $5,879,635 in assets for 202406, which warrants closer examination of its long-term debt structure and solvency. The absence of reported officer compensation across all available filings suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which could impact transparency regarding executive pay practices.

The organization's spending efficiency appears reasonable given its operational nature as an assisted living facility. While a detailed breakdown of program, administrative, and fundraising expenses is not explicitly provided in the summary data, the consistent positive net income in most recent periods suggests effective management of its core operations. The NTEE code P75 (Assisted Living Facilities) indicates a clear program focus. The lack of reported officer compensation, while potentially positive for cost efficiency, could also be a transparency concern if executive roles are compensated through other means not clearly disclosed.

Overall, Penacook Assisted Living Facility Inc. appears to be a financially stable organization in terms of its operating income. However, the persistent asset-to-liability imbalance and the lack of explicit officer compensation reporting are areas that could benefit from greater transparency to fully assess its financial health and governance practices. Further investigation into the nature of its liabilities and how leadership is compensated would provide a more complete picture.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Penacook Assisted Living Facility Inc with a Mission Score of 70 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Penacook Assisted Living Facility 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, suggesting either a volunteer leadership model or that executive compensation is categorized differently within the expense structure, which could impact transparency.

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 Penacook Assisted Living Facility Inc's IRS 990 filings:

Consistent negative net assets (liabilities exceed assets)
Lack of explicit officer compensation reporting across all filings

Strengths

The following positive indicators were identified for Penacook Assisted Living Facility Inc:

Consistent operational surpluses in most recent periods (e.g., $3,891,859 revenue vs. $3,856,386 expenses in 202406)
Stable revenue growth over the past several years, from $2,145,882 in 201806 to $3,891,859 in 202406
Clear program focus as an Assisted Living Facility (NTEE P75)

Frequently Asked Questions about Penacook Assisted Living Facility Inc

Is Penacook Assisted Living Facility Inc. financially solvent given its liabilities consistently exceed assets?

While the organization consistently reports liabilities exceeding assets (e.g., $6,753,844 liabilities vs. $5,879,635 assets in 202406), it has maintained operational surpluses in most recent years, suggesting it can meet its short-term obligations. The nature of these liabilities (e.g., long-term debt for facilities) would need further investigation to fully assess long-term solvency.

How does Penacook Assisted Living Facility Inc. compensate its leadership if officer compensation is consistently reported as 0%?

The consistent reporting of 0% officer compensation across all filings suggests that either the leadership is entirely volunteer-based, or compensation for executive roles is reported under other expense categories (e.g., salaries and wages for staff), which would require reviewing the full 990 forms for clarification.

What is the trend in the organization's net assets over time?

The organization's net assets (Assets - Liabilities) have been consistently negative and have shown a slight decline in recent years, from -$890,627 in 201806 to -$874,209 in 202406, indicating a persistent deficit in its balance sheet.

Filing History

IRS 990 filing history for Penacook Assisted Living Facility Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Penacook Assisted Living Facility Inc's revenue has grown by 82%, moving from $2.1M to $3.9M. Total assets increased by 28.8% over the same period, from $4.6M to $5.9M. Total functional expenses rose by 83.1%, from $2.1M to $3.9M. In its most recent filing year (2024), Penacook Assisted Living Facility Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $6.8M in liabilities against $5.9M in assets (debt-to-asset ratio: 114.9%), resulting in net assets of $-874,209.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$3.9M	$3.9M	$5.9M	$6.8M	—	View 990
2023	$3.7M	$3.7M	$6.0M	$6.9M	—	View 990
2022	$3.1M	$3.0M	$6.0M	$6.9M	—	View 990
2021	$2.9M	$3.0M	$6.0M	$7.0M	—	View 990
2020	$2.9M	$2.9M	$6.3M	$7.2M	—	View 990
2019	$2.6M	$2.5M	$6.5M	$7.4M	—	View 990
2018	$2.1M	$2.3M	$4.0M	$4.9M	—	View 990
2017	$2.3M	$2.3M	$4.2M	$5.1M	—	View 990
2016	$2.3M	$2.2M	$4.3M	$5.2M	—	View 990
2015	$2.3M	$2.1M	$4.4M	$5.4M	—	View 990
2014	$2.2M	$2.1M	$4.5M	$5.7M	—	View 990
2013	$2.1M	$2.1M	$4.5M	$5.8M	—	View 990
2012	$2.1M	$2.1M	$4.6M	$5.9M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $3.9M, expenses of $3.9M, and assets of $5.9M (revenue +4.7% year-over-year).
2023: Revenue of $3.7M, expenses of $3.7M, and assets of $6.0M (revenue +18.3% year-over-year).
2022: Revenue of $3.1M, expenses of $3.0M, and assets of $6.0M (revenue +10.1% year-over-year).
2021: Revenue of $2.9M, expenses of $3.0M, and assets of $6.0M (revenue -3.0% year-over-year).
2020: Revenue of $2.9M, expenses of $2.9M, and assets of $6.3M (revenue +15.1% year-over-year).
2019: Revenue of $2.6M, expenses of $2.5M, and assets of $6.5M (revenue +19.2% year-over-year).
2018: Revenue of $2.1M, expenses of $2.3M, and assets of $4.0M (revenue -7.2% year-over-year).
2017: Revenue of $2.3M, expenses of $2.3M, and assets of $4.2M (revenue +0.4% year-over-year).
2016: Revenue of $2.3M, expenses of $2.2M, and assets of $4.3M (revenue +1.8% year-over-year).
2015: Revenue of $2.3M, expenses of $2.1M, and assets of $4.4M (revenue +2.8% year-over-year).
2014: Revenue of $2.2M, expenses of $2.1M, and assets of $4.5M (revenue +2.5% year-over-year).
2013: Revenue of $2.1M, expenses of $2.1M, and assets of $4.5M (revenue +0.5% year-over-year).
2012: Revenue of $2.1M, expenses of $2.1M, and assets of $4.6M.

Data Sources and Methodology

This transparency report for Penacook Assisted Living Facility 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.