Souhegan Valley Chamber Of Commerce Inc
Souhegan Valley Chamber Of Commerce maintains stable operations with fluctuating net assets and no reported officer compensation.
EIN: 20424369 · Amherst, NH · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $214K |
| Total Expenses | $191K |
| Program Spending | 80% |
| Net Assets | $61K |
| Transparency Score | 75/100 |
Is Souhegan Valley Chamber Of Commerce Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Souhegan Valley Chamber Of Commerce Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Souhegan Valley Chamber Of Commerce Inc
Souhegan Valley Chamber Of Commerce Inc (EIN: 20424369) is a nonprofit organization based in Amherst, NH. The organization reported total revenue of $214K and total assets of $160K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Souhegan Valley Chamber Of Commerce Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Souhegan Valley Chamber Of Commerce Inc is a small nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $169K |
| Total Expenses | $191K |
| Surplus / Deficit | $-22,407 |
| Total Assets | $140K |
| Total Liabilities | $80K |
| Net Assets | $61K |
| Operating Margin | -13.3% |
| Debt-to-Asset Ratio | 56.6% |
| Months of Reserves | 8.8 months |
Financial Health Grade: C
In 2024, Souhegan Valley Chamber Of Commerce Inc reported a deficit of $22K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 56.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Souhegan Valley Chamber Of Commerce Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -9.1% | +6.1% | -6.7% |
| 2023 | -4.2% | +14.0% | +8.3% |
| 2022 | +32.1% | +12.9% | +0.7% |
| 2021 | +6.4% | -5.0% | -14.0% |
| 2020 | -11.8% | -15.1% | +126.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Valley Chamber Of Commerce Inc with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Souhegan Valley Chamber Of Commerce Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22K, with expenses exceeding revenue.
- Debt-to-asset ratio: 56.6%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership may be entirely volunteer-based or compensated through other means not classified as officer compensation, which is unusual for an organization of its size and 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 Valley Chamber Of Commerce Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which, while potentially efficient, can sometimes obscure how leadership is truly compensated or if there are uncompensated risks.
- Operating deficit in the latest filing period (202406), where expenses ($191,379) exceeded revenue ($168,972).
Strengths
The following positive indicators were identified for Souhegan Valley Chamber Of Commerce Inc:
- Consistent financial reporting over 13 periods, indicating transparency and accountability.
- Significant growth in assets from $26,869 in 2015 to $140,432 in 2024, demonstrating financial stability and reserve building.
- No reported officer compensation, suggesting a potentially very lean administrative structure and high efficiency in resource allocation.
Frequently Asked Questions about Souhegan Valley Chamber Of Commerce Inc
Is Souhegan Valley Chamber Of Commerce Inc a legitimate charity?
Souhegan Valley Chamber Of Commerce Inc (EIN: 20424369) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $214K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Souhegan Valley Chamber Of Commerce Inc spend its money?
Souhegan Valley Chamber Of Commerce Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Souhegan Valley Chamber Of Commerce Inc tax-deductible?
Souhegan Valley Chamber Of Commerce Inc is registered as a tax-exempt nonprofit (EIN: 20424369). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Souhegan Valley Chamber Of Commerce Inc's spending goes to programs?
Souhegan Valley Chamber Of Commerce Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Souhegan Valley Chamber Of Commerce Inc located?
Souhegan Valley Chamber Of Commerce Inc is headquartered in Amherst, New Hampshire and files with the IRS under EIN 20424369.
How many years of IRS 990 filings does Souhegan Valley Chamber Of Commerce Inc have?
Souhegan Valley Chamber Of Commerce Inc has 13 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 $214K in total revenue.
How does Souhegan Valley Chamber Of Commerce Inc fund its operations given 0% officer compensation?
The organization primarily funds its operations through membership dues, event fees, and other revenue streams, as indicated by its consistent revenue figures. The 0% officer compensation suggests that executive leadership may be volunteer-based or compensated through non-officer roles, which would reduce overhead costs.
What caused the significant increase in liabilities in 2020 to $139,007?
The IRS 990 data alone does not specify the exact cause of the liability increase in 2020. It could be due to deferred revenue, loans, or other short-term obligations incurred during that period.
Is the organization's asset growth sustainable?
The organization has shown consistent asset growth from $26,869 in 2015 to $140,432 in 2024. While there are fluctuations, the overall trend suggests a sustainable build-up of reserves, although the recent operating deficit in 2024 could impact future growth if it becomes a trend.
Filing History
IRS 990 filing history for Souhegan Valley Chamber Of Commerce Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Souhegan Valley Chamber Of Commerce Inc's revenue has declined by 17%, moving from $204K to $169K. Total assets increased by 710.7% over the same period, from $17K to $140K. Total functional expenses fell by 2.9%, from $197K to $191K. In its most recent filing year (2024), Souhegan Valley Chamber Of Commerce Inc reported a deficit of $22K, with expenses exceeding revenue. The organization holds $80K in liabilities against $140K in assets (debt-to-asset ratio: 56.6%), resulting in net assets of $61K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $169K | $191K | $140K | $80K | — | — |
| 2023 | $186K | $180K | $151K | $67K | — | — |
| 2022 | $194K | $158K | $139K | $61K | — | View 990 |
| 2021 | $147K | $140K | $138K | $110K | — | View 990 |
| 2020 | $138K | $148K | $161K | $139K | — | View 990 |
| 2019 | $157K | $174K | $71K | $51K | — | View 990 |
| 2018 | $289K | $253K | $70K | $32K | — | View 990 |
| 2017 | $249K | $234K | $35K | $33K | — | View 990 |
| 2016 | $246K | $232K | $35K | $48K | — | View 990 |
| 2015 | $265K | $243K | $27K | $54K | — | View 990 |
| 2014 | $221K | $223K | $30K | $79K | — | View 990 |
| 2013 | $220K | $227K | $29K | $76K | — | View 990 |
| 2012 | $204K | $197K | $17K | $58K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $169K, expenses of $191K, and assets of $140K (revenue -9.1% year-over-year).
- 2023: Revenue of $186K, expenses of $180K, and assets of $151K (revenue -4.2% year-over-year).
- 2022: Revenue of $194K, expenses of $158K, and assets of $139K (revenue +32.1% year-over-year).
- 2021: Revenue of $147K, expenses of $140K, and assets of $138K (revenue +6.4% year-over-year).
- 2020: Revenue of $138K, expenses of $148K, and assets of $161K (revenue -11.8% year-over-year).
- 2019: Revenue of $157K, expenses of $174K, and assets of $71K (revenue -45.8% year-over-year).
- 2018: Revenue of $289K, expenses of $253K, and assets of $70K (revenue +16.0% year-over-year).
- 2017: Revenue of $249K, expenses of $234K, and assets of $35K (revenue +1.2% year-over-year).
- 2016: Revenue of $246K, expenses of $232K, and assets of $35K (revenue -7.0% year-over-year).
- 2015: Revenue of $265K, expenses of $243K, and assets of $27K (revenue +19.9% year-over-year).
- 2014: Revenue of $221K, expenses of $223K, and assets of $30K (revenue +0.3% year-over-year).
- 2013: Revenue of $220K, expenses of $227K, and assets of $29K (revenue +8.0% year-over-year).
- 2012: Revenue of $204K, expenses of $197K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Souhegan Valley Chamber Of Commerce Inc:
Data Sources and Methodology
This transparency report for Souhegan Valley Chamber Of Commerce 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.