Somersworth Building Trades Tr
Somersworth Building Trades Trust: Declining Assets, Minimal Activity
EIN: 223066411 · Somersworth, NH · NTEE: B32I · Updated: 2026-04-04
About Somersworth Building Trades Tr
Somersworth Building Trades Tr (EIN: 223066411) is a nonprofit organization based in Somersworth, NH, classified under NTEE code B32I. The organization reported total revenue of $1 and total assets of $5K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Somersworth Building Trades Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Somersworth Building Trades Tr with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Somersworth Building Trades Tr allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating no paid leadership.
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 Somersworth Building Trades Tr's IRS 990 filings:
- Consistent reporting of $0 for program, administrative, and fundraising expenses raises questions about the organization's operational activities.
- Significant and continuous decline in total assets from $25,105 in 2017 to $4,820 in 2024 without corresponding expenses or revenue.
- The organization's purpose and activities are unclear given the lack of reported expenses and declining assets.
Strengths
The following positive indicators were identified for Somersworth Building Trades Tr:
- No reported executive compensation, indicating a volunteer-led or inactive structure.
Frequently Asked Questions about Somersworth Building Trades Tr
What does Somersworth Building Trades Tr do?
Somersworth Building Trades Tr is a nonprofit organization in the Education sector, located in Somersworth, New Hampshire. It is classified under NTEE code B32I.
How much revenue does Somersworth Building Trades Tr have?
Somersworth Building Trades Tr reported total revenue of $1. Based on 14 IRS 990 filings on record.
What are Somersworth Building Trades Tr's total assets?
Somersworth Building Trades Tr holds total assets of $4,820 as reported in IRS 990 filings.
Where is Somersworth Building Trades Tr located?
Somersworth Building Trades Tr is based in Somersworth, New Hampshire.
What is Somersworth Building Trades Tr's EIN?
Somersworth Building Trades Tr's Employer Identification Number (EIN) is 223066411. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Somersworth Building Trades Tr?
Somersworth Building Trades Tr is classified under NTEE code B32I (Education).
Is Somersworth Building Trades Tr a registered 501(c)(3)?
Yes, Somersworth Building Trades Tr is recognized as a tax-exempt organization by the IRS. EIN: 223066411.
Does Somersworth Building Trades Tr file IRS Form 990?
Yes, Somersworth Building Trades Tr has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Somersworth Building Trades Tr's revenue in 2024?
In the 202406 filing period, Somersworth Building Trades Tr reported total revenue of $2, total expenses of $8,301, and net assets of $9,122.
Is Somersworth Building Trades Tr's revenue growing or declining?
Somersworth Building Trades Tr's revenue is relatively stable. Revenue went from $2 (202306) to $2 (202406), a 0.0% change. Based on 14 filings on record.
What is Somersworth Building Trades Tr's most recent 990 filing?
The most recent IRS Form 990 filing for Somersworth Building Trades Tr covers tax period 202406. It shows revenue of $2, expenses of $8,301, total assets of $9,122, and liabilities of N/A.
Is Somersworth Building Trades Tr a trustworthy charity?
Based on AI analysis of IRS 990 data, Somersworth Building Trades Tr has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 1 strength noted.
What are the red flags for Somersworth Building Trades Tr?
The following concerns were identified: Consistent reporting of $0 for program, administrative, and fundraising expenses raises questions about the organization's operational activities.. Significant and continuous decline in total assets from $25,105 in 2017 to $4,820 in 2024 without corresponding expenses or revenue.. The organization's purpose and activities are unclear given the lack of reported expenses and declining assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Somersworth Building Trades Tr's strengths?
Positive indicators for Somersworth Building Trades Tr include: No reported executive compensation, indicating a volunteer-led or inactive structure.. These findings are derived from AI analysis of the organization's financial filings.
How does Somersworth Building Trades Tr compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating no paid leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is the intended purpose or activity of the Somersworth Building Trades Trust, given its consistent reporting of zero expenses across all categories?
The filings do not provide sufficient detail to understand the trust's operational purpose or activities, as all expense categories (program, administrative, fundraising) are reported as $0. This suggests either complete inactivity, a holding entity, or a structure where expenses are not captured in standard reporting.
How has the organization's asset base decreased from $25,105 to $4,820 over seven years without any reported expenses?
The filings indicate a steady decline in assets without corresponding reported expenses. This could be due to investment losses, distributions not categorized as expenses, or other financial activities not detailed in the provided summary data.
Filing History
IRS 990 filing history for Somersworth Building Trades Tr showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Somersworth Building Trades Tr's revenue has declined by 85.7%, moving from $14 to $2. Total assets decreased by 69.2% over the same period, from $30K to $9K. Total functional expenses rose by 1980.5%, from $399 to $8K. In its most recent filing year (2024), Somersworth Building Trades Tr reported a deficit of $8K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $2 | $8K | $9K | $0 | — | — |
| 2023 | $2 | $6K | $17K | $0 | — | — |
| 2022 | $4 | $299 | $24K | $0 | — | View 990 |
| 2021 | $7 | $299 | $24K | $0 | — | — |
| 2020 | $7 | $299 | $24K | $0 | — | View 990 |
| 2019 | $8 | $299 | $25K | $0 | — | View 990 |
| 2018 | $7 | $299 | $25K | $0 | — | View 990 |
| 2017 | $8 | $299 | $25K | $0 | — | View 990 |
| 2016 | $-1,193 | $378 | $25K | $0 | — | View 990 |
| 2015 | $-341 | $368 | $27K | $0 | — | View 990 |
| 2014 | $8 | $262 | $28K | $0 | — | View 990 |
| 2013 | $868 | $415 | $28K | $0 | — | View 990 |
| 2012 | $-1,695 | $409 | $27K | $0 | — | View 990 |
| 2011 | $14 | $399 | $30K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2, expenses of $8K, and assets of $9K (revenue +0.0% year-over-year).
- 2023: Revenue of $2, expenses of $6K, and assets of $17K (revenue -50.0% year-over-year).
- 2022: Revenue of $4, expenses of $299, and assets of $24K (revenue -42.9% year-over-year).
- 2021: Revenue of $7, expenses of $299, and assets of $24K (revenue +0.0% year-over-year).
- 2020: Revenue of $7, expenses of $299, and assets of $24K (revenue -12.5% year-over-year).
- 2019: Revenue of $8, expenses of $299, and assets of $25K (revenue +14.3% year-over-year).
- 2018: Revenue of $7, expenses of $299, and assets of $25K (revenue -12.5% year-over-year).
- 2017: Revenue of $8, expenses of $299, and assets of $25K.
- 2016: Revenue of $-1,193, expenses of $378, and assets of $25K.
- 2015: Revenue of $-341, expenses of $368, and assets of $27K (revenue -4362.5% year-over-year).
- 2014: Revenue of $8, expenses of $262, and assets of $28K (revenue -99.1% year-over-year).
- 2013: Revenue of $868, expenses of $415, and assets of $28K.
- 2012: Revenue of $-1,695, expenses of $409, and assets of $27K (revenue -12207.1% year-over-year).
- 2011: Revenue of $14, expenses of $399, and assets of $30K.
Data Sources and Methodology
This transparency report for Somersworth Building Trades Tr 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.