Rockingham Economic Development Corporation

Rockingham Economic Development Corporation consistently grows assets and operates with a surplus, reporting 0% officer compensation.

EIN: 20474973 · Raymond, NH · NTEE: S30Z · Updated: 2026-03-28

$1.8MRevenue

$18.6MAssets

90/100Mission Score (Excellent)

S30Z

About Rockingham Economic Development Corporation

Rockingham Economic Development Corporation (EIN: 20474973) is a nonprofit organization based in Raymond, NH, classified under NTEE code S30Z. The organization reported total revenue of $1.8M and total assets of $18.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rockingham Economic Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Rockingham Economic Development Corporation (REDC) demonstrates a generally healthy financial position with consistent asset growth over the past decade, from $7.35 million in 2015 to over $18 million in 2024. The organization consistently operates with a surplus, as evidenced by revenues exceeding expenses in most recent periods, such as $2,038,192 in revenue against $1,716,537 in expenses in 2024. This indicates sound financial management and an ability to build reserves. Their transparency is commendable given the consistent filing of IRS Form 990s, and the reported 0% officer compensation suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries.

Spending efficiency appears strong, with a significant portion of expenses likely directed towards program services, although specific program spending ratios are not detailed in the provided data. The consistent positive net income, even with fluctuating revenues (e.g., a peak of $4.32 million in 2022 dropping to $2.04 million in 2024), suggests adaptability and prudent expense management. The organization's financial health is robust, supported by substantial assets relative to its annual expenses, providing a solid foundation for its economic development activities.

Overall, REDC appears to be a well-managed and financially stable organization. The absence of officer compensation is a notable positive indicator of its commitment to mission-driven spending. While more detailed expense breakdowns would further enhance transparency, the available data points to a responsible and efficient use of resources.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Rockingham Economic Development Corporation with a Mission Score of 90 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, Rockingham Economic Development Corporation 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, indicating that no salaries are paid to its officers. This is a highly positive indicator, suggesting that all operational expenses are directed towards program delivery and administrative overhead, rather than executive salaries.

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.

Strengths

The following positive indicators were identified for Rockingham Economic Development Corporation:

Consistent asset growth, from $7.35M in 2015 to $18.08M in 2024.
Consistently reports 0% officer compensation, indicating high efficiency in directing funds.
Operates with a consistent financial surplus, with revenues generally exceeding expenses.
Strong financial stability with substantial assets relative to annual expenses.
Regular and consistent IRS 990 filing history, demonstrating transparency.

Frequently Asked Questions about Rockingham Economic Development Corporation

Is Rockingham Economic Development Corporation a good charity?

Based on the provided financial data, Rockingham Economic Development Corporation appears to be a very good organization. It consistently maintains a healthy financial position, grows its assets, and notably reports 0% officer compensation, indicating a strong commitment to its mission.

How has REDC's financial health changed over time?

REDC's financial health has significantly improved over time, with assets growing from $7.35 million in 2015 to over $18 million in 2024. The organization has consistently generated surpluses in most years, demonstrating sustained growth and stability.

What is the trend in REDC's revenue?

REDC's revenue has shown fluctuations but a general upward trend over the past decade, peaking at $4.32 million in 2022. While there was a decrease to $2.04 million in 2024 from the 2022 high, the overall trend from $553,750 in 2016 is positive.

Filing History

IRS 990 filing history for Rockingham Economic Development Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Rockingham Economic Development Corporation's revenue has grown by 201.3%, moving from $676K to $2.0M. Total assets increased by 261.7% over the same period, from $5.0M to $18.1M. Total functional expenses rose by 396.1%, from $346K to $1.7M. In its most recent filing year (2024), Rockingham Economic Development Corporation reported a surplus of $322K, with revenue exceeding expenses. The organization holds $5.2M in liabilities against $18.1M in assets (debt-to-asset ratio: 28.5%), resulting in net assets of $12.9M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$2.0M	$1.7M	$18.1M	$5.2M	—	View 990
2023	$2.4M	$1.8M	$18.0M	$5.4M	—	View 990
2022	$4.3M	$1.8M	$17.4M	$5.4M	—	View 990
2021	$1.8M	$1.3M	$11.6M	$4.4M	—	—
2020	$1.7M	$1.1M	$11.1M	$4.5M	—	View 990
2019	$915K	$854K	$9.9M	$3.9M	—	View 990
2018	$1.6M	$903K	$9.0M	$3.0M	—	—
2017	$1.5M	$1.2M	$8.7M	$3.4M	—	View 990
2016	$554K	$685K	$8.0M	$3.0M	—	View 990
2015	$634K	$648K	$7.4M	$2.2M	—	View 990
2014	$2.4M	$923K	$6.8M	$1.8M	—	View 990
2013	$771K	$412K	$5.4M	$1.8M	—	View 990
2012	$676K	$346K	$5.0M	$1.5M	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $2.0M, expenses of $1.7M, and assets of $18.1M (revenue -14.7% year-over-year).
2023: Revenue of $2.4M, expenses of $1.8M, and assets of $18.0M (revenue -44.8% year-over-year).
2022: Revenue of $4.3M, expenses of $1.8M, and assets of $17.4M (revenue +139.8% year-over-year).
2021: Revenue of $1.8M, expenses of $1.3M, and assets of $11.6M (revenue +5.6% year-over-year).
2020: Revenue of $1.7M, expenses of $1.1M, and assets of $11.1M (revenue +86.7% year-over-year).
2019: Revenue of $915K, expenses of $854K, and assets of $9.9M (revenue -41.6% year-over-year).
2018: Revenue of $1.6M, expenses of $903K, and assets of $9.0M (revenue +3.8% year-over-year).
2017: Revenue of $1.5M, expenses of $1.2M, and assets of $8.7M (revenue +172.3% year-over-year).
2016: Revenue of $554K, expenses of $685K, and assets of $8.0M (revenue -12.6% year-over-year).
2015: Revenue of $634K, expenses of $648K, and assets of $7.4M (revenue -73.5% year-over-year).
2014: Revenue of $2.4M, expenses of $923K, and assets of $6.8M (revenue +210.6% year-over-year).
2013: Revenue of $771K, expenses of $412K, and assets of $5.4M (revenue +14.0% year-over-year).
2012: Revenue of $676K, expenses of $346K, and assets of $5.0M.

Data Sources and Methodology

This transparency report for Rockingham Economic Development Corporation 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.