Twin Rivers Community Corporation
Twin Rivers Community Corporation consistently operates at a deficit with liabilities exceeding assets in recent years.
EIN: 20452666 · Concord, NH · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $94K |
| Total Expenses | $151K |
| Program Spending | 70% |
| Net Assets | $-62,875 |
| Transparency Score | 45/100 |
Is Twin Rivers Community Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Twin Rivers Community Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Twin Rivers Community Corporation
Twin Rivers Community Corporation (EIN: 20452666) is a nonprofit organization based in Concord, NH, classified under NTEE code L20Z. The organization reported total revenue of $94K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Twin Rivers Community Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Twin Rivers Community Corporation is a micro nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $111K |
| Total Expenses | $151K |
| Surplus / Deficit | $-40,246 |
| Total Assets | $1.2M |
| Total Liabilities | $1.3M |
| Net Assets | $-62,875 |
| Operating Margin | -36.2% |
| Debt-to-Asset Ratio | 105.3% |
| Months of Reserves | 94.7 months |
Financial Health Grade: C
In 2024, Twin Rivers Community Corporation reported a deficit of $40K with expenses exceeding revenue, holds 94.7 months of operating reserves (strong position), has a debt-to-asset ratio of 105.3% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Twin Rivers Community Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -24.3% | -24.0% | -3.5% |
| 2023 | -1.1% | +8.0% | -4.5% |
| 2022 | -2.4% | +1.6% | +0.8% |
| 2021 | +12.8% | +17.3% | -2.2% |
| 2020 | +22.0% | -7.6% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Twin Rivers Community Corporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Twin Rivers Community Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 105.3%.
Executive Compensation Analysis
No officer compensation has been reported across all provided filings, suggesting either a volunteer-led organization or compensation levels below IRS reporting thresholds, which is a positive sign for resource allocation relative to the organization's modest 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 Twin Rivers Community Corporation's IRS 990 filings:
- Consistent operational deficits across all reported periods (e.g., $40,246 deficit in 2024).
- Liabilities exceeding assets in recent fiscal years (e.g., 2024 liabilities of $1,256,507 vs. assets of $1,193,632).
- Declining asset base over the past several years (e.g., from $1,538,991 in 2016 to $1,193,632 in 2024).
Strengths
The following positive indicators were identified for Twin Rivers Community Corporation:
- No reported officer compensation, suggesting efficient use of funds at the executive level.
- Long filing history (14 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Twin Rivers Community Corporation
Is Twin Rivers Community Corporation a legitimate charity?
Twin Rivers Community Corporation (EIN: 20452666) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 45/100. It has 14 years of IRS 990 filings on record. Total revenue: $94K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Twin Rivers Community Corporation spend its money?
Twin Rivers Community Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Twin Rivers Community Corporation tax-deductible?
Twin Rivers Community Corporation is registered as a tax-exempt nonprofit (EIN: 20452666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Twin Rivers Community Corporation's spending goes to programs?
Twin Rivers Community Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Twin Rivers Community Corporation compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Twin Rivers Community Corporation is near average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Twin Rivers Community Corporation located?
Twin Rivers Community Corporation is headquartered in Concord, New Hampshire and files with the IRS under EIN 20452666. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Twin Rivers Community Corporation have?
Twin Rivers Community Corporation has 14 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 $94K in total revenue.
Is Twin Rivers Community Corporation financially sustainable given its consistent operational deficits?
The organization has consistently spent more than it earned, with expenses exceeding revenue in every reported period. For example, in 2024, expenses were $151,270 while revenue was $111,024. This trend raises serious concerns about long-term financial sustainability without a clear strategy to increase revenue or reduce expenses.
What is the reason for the increasing liabilities relative to assets?
In recent years, the organization's liabilities have begun to exceed its assets. For instance, in 2024, liabilities were $1,256,507 compared to assets of $1,193,632. This indicates a deteriorating balance sheet, potentially due to accumulated deficits or increased debt, which warrants further investigation into the nature of these liabilities.
How does the organization cover its operational deficits?
Given the consistent operational deficits, such as the $40,246 deficit in 2024 ($111,024 revenue vs. $151,270 expenses), the organization must be drawing down on reserves, incurring debt, or receiving non-operating income not detailed in the provided revenue figures to cover its expenses.
Filing History
IRS 990 filing history for Twin Rivers Community Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Twin Rivers Community Corporation's revenue has declined by 12.4%, moving from $127K to $111K. Total assets decreased by 2.4% over the same period, from $1.2M to $1.2M. Total functional expenses rose by 4.8%, from $144K to $151K. In its most recent filing year (2024), Twin Rivers Community Corporation reported a deficit of $40K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $1.2M in assets (debt-to-asset ratio: 105.3%), resulting in net assets of $-62,875.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $111K | $151K | $1.2M | $1.3M | — | — |
| 2023 | $147K | $199K | $1.2M | $1.3M | — | View 990 |
| 2022 | $148K | $184K | $1.3M | $1.3M | — | View 990 |
| 2021 | $152K | $181K | $1.3M | $1.2M | — | View 990 |
| 2020 | $135K | $155K | $1.3M | $1.2M | — | View 990 |
| 2019 | $110K | $167K | $1.3M | $1.2M | — | View 990 |
| 2018 | $120K | $178K | $1.4M | $1.2M | — | View 990 |
| 2017 | $113K | $178K | $1.5M | $1.2M | — | View 990 |
| 2016 | $125K | $155K | $1.5M | $1.2M | — | View 990 |
| 2015 | $139K | $154K | $1.0M | $713K | — | View 990 |
| 2014 | $119K | $158K | $1.1M | $719K | — | View 990 |
| 2013 | $116K | $186K | $1.1M | $734K | — | View 990 |
| 2012 | $129K | $150K | $1.2M | $743K | — | View 990 |
| 2011 | $127K | $144K | $1.2M | $753K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $111K, expenses of $151K, and assets of $1.2M (revenue -24.3% year-over-year).
- 2023: Revenue of $147K, expenses of $199K, and assets of $1.2M (revenue -1.1% year-over-year).
- 2022: Revenue of $148K, expenses of $184K, and assets of $1.3M (revenue -2.4% year-over-year).
- 2021: Revenue of $152K, expenses of $181K, and assets of $1.3M (revenue +12.8% year-over-year).
- 2020: Revenue of $135K, expenses of $155K, and assets of $1.3M (revenue +22.0% year-over-year).
- 2019: Revenue of $110K, expenses of $167K, and assets of $1.3M (revenue -8.2% year-over-year).
- 2018: Revenue of $120K, expenses of $178K, and assets of $1.4M (revenue +6.0% year-over-year).
- 2017: Revenue of $113K, expenses of $178K, and assets of $1.5M (revenue -9.2% year-over-year).
- 2016: Revenue of $125K, expenses of $155K, and assets of $1.5M (revenue -10.0% year-over-year).
- 2015: Revenue of $139K, expenses of $154K, and assets of $1.0M (revenue +17.0% year-over-year).
- 2014: Revenue of $119K, expenses of $158K, and assets of $1.1M (revenue +2.4% year-over-year).
- 2013: Revenue of $116K, expenses of $186K, and assets of $1.1M (revenue -10.1% year-over-year).
- 2012: Revenue of $129K, expenses of $150K, and assets of $1.2M (revenue +1.8% year-over-year).
- 2011: Revenue of $127K, expenses of $144K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Twin Rivers Community Corporation:
Data Sources and Methodology
This transparency report for Twin Rivers Community 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.