Souhegan Nursing Association Inc
Souhegan Nursing Association Inc reports $0 revenue and assets in its latest filing, indicating dormancy or cessation of operations after years of deficit spending.
EIN: 20222795 · Nashua, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $2.2M |
| Net Assets | $1.1M |
| Transparency Score | 10/100 |
Is Souhegan Nursing Association Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Souhegan Nursing Association Inc
Souhegan Nursing Association Inc (EIN: 20222795) is a nonprofit organization based in Nashua, NH. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Souhegan Nursing Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Souhegan Nursing Association Inc is a mid-size nonprofit that has been operating for 32 years, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -25.9%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-1,102,159 |
| Total Assets | $1.2M |
| Total Liabilities | $55K |
| Net Assets | $1.1M |
| Operating Margin | -101.6% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 6.6 months |
Financial Health Grade: B
In 2015, Souhegan Nursing Association Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 6.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 5 years of filings (2011–2015), Souhegan Nursing Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -70.7% | -49.6% | -34.3% |
| 2014 | +1.4% | +11.3% | +1.6% |
| 2013 | -1.6% | +4.2% | +14.6% |
| 2012 | +3.2% | +5.2% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Souhegan Nursing Association Inc with a Mission Score of 10 out of 100 (Very 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, Souhegan Nursing Association Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
No officer compensation was reported across all available filings (2011-2015), suggesting either a volunteer-led executive structure or compensation levels below IRS reporting thresholds for an organization that historically managed millions in revenue.
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 Souhegan Nursing Association Inc's IRS 990 filings:
- Sudden and complete cessation of financial activity (latest revenue and assets are $0).
- Consistent deficit spending during active years (e.g., 2015 expenses exceeded revenue by over $1 million).
- Significant decline in assets from $1,824,502 in 2014 to $1,198,216 in 2015, preceding the $0 report.
Strengths
The following positive indicators were identified for Souhegan Nursing Association Inc:
- No reported officer compensation during its active years, suggesting efficient use of funds for executive leadership or a volunteer model.
Frequently Asked Questions about Souhegan Nursing Association Inc
Is Souhegan Nursing Association Inc a legitimate charity?
Souhegan Nursing Association Inc (EIN: 20222795) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 10/100. It has 5 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: B.
How does Souhegan Nursing Association Inc spend its money?
Souhegan Nursing Association Inc reported its financials in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Souhegan Nursing Association Inc tax-deductible?
Souhegan Nursing Association Inc is registered as a tax-exempt nonprofit (EIN: 20222795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Souhegan Nursing Association Inc located?
Souhegan Nursing Association Inc is headquartered in Nashua, New Hampshire and files with the IRS under EIN 20222795.
How many years of IRS 990 filings does Souhegan Nursing Association Inc have?
Souhegan Nursing Association Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What caused the sudden cessation of financial activity for Souhegan Nursing Association Inc?
The provided data does not specify the reason for the organization's transition from millions in revenue and assets to $0, but it strongly suggests dormancy, dissolution, or a significant operational change.
Was Souhegan Nursing Association Inc financially sustainable during its active years?
Based on the filings, the organization frequently reported expenses exceeding revenue (e.g., 2015: $2,187,194 expenses vs. $1,085,035 revenue; 2014: $4,341,556 expenses vs. $3,699,021 revenue), indicating a pattern of deficit spending that would not be sustainable long-term without external funding or asset utilization.
How did Souhegan Nursing Association Inc cover its deficits during its active years?
While not explicitly stated, the organization likely covered its deficits through accumulated assets, grants, or other non-operating income, as its liabilities remained relatively low compared to its assets during its active periods.
Filing History
IRS 990 filing history for Souhegan Nursing Association Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Souhegan Nursing Association Inc's revenue has declined by 69.8%, moving from $3.6M to $1.1M. Total assets decreased by 25.5% over the same period, from $1.6M to $1.2M. Total functional expenses fell by 38.6%, from $3.6M to $2.2M. In its most recent filing year (2015), Souhegan Nursing Association Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $55K in liabilities against $1.2M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1.1M | $2.2M | $1.2M | $55K | — | View 990 |
| 2014 | $3.7M | $4.3M | $1.8M | $420K | — | View 990 |
| 2013 | $3.6M | $3.9M | $1.8M | $454K | — | View 990 |
| 2012 | $3.7M | $3.7M | $1.6M | $367K | — | View 990 |
| 2011 | $3.6M | $3.6M | $1.6M | $375K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.1M, expenses of $2.2M, and assets of $1.2M (revenue -70.7% year-over-year).
- 2014: Revenue of $3.7M, expenses of $4.3M, and assets of $1.8M (revenue +1.4% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.9M, and assets of $1.8M (revenue -1.6% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.7M, and assets of $1.6M (revenue +3.2% year-over-year).
- 2011: Revenue of $3.6M, expenses of $3.6M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Souhegan Nursing Association Inc:
Data Sources and Methodology
This transparency report for Souhegan Nursing Association 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.