Upper Valley Rowing Foundation

Upper Valley Rowing Foundation shows consistent asset growth and efficient operations with no reported officer compensation.

EIN: 20508228 · Hanover, NH · NTEE: N70 · Updated: 2026-03-28

$345KRevenue

$787KAssets

95/100Mission Score (Excellent)

N70

About Upper Valley Rowing Foundation

Upper Valley Rowing Foundation (EIN: 20508228) is a nonprofit organization based in Hanover, NH, classified under NTEE code N70. The organization reported total revenue of $345K and total assets of $787K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Upper Valley Rowing Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Upper Valley Rowing Foundation demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past decade, the organization's assets have steadily increased from $290,391 in 2014 to $672,847 in 2023, indicating effective asset management and accumulation. Revenue has also shown a positive trend, with the latest reported revenue at $344,970, significantly higher than earlier years. The organization consistently spends less than it earns, as seen in the 2023 period where expenses were $213,225 against revenues of $271,283, contributing to asset growth. The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which is a strong indicator of efficiency and dedication to mission over personal gain. This also contributes to a high program spending ratio, as administrative overhead is minimized. The organization's financial transparency is excellent, with 13 years of consistent filings and clear financial statements.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Upper Valley Rowing Foundation with a Mission Score of 95 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: 90%
fundraising: 0%

According to IRS 990 filings, Upper Valley Rowing Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not classified as officer compensation, which is highly efficient for a nonprofit of this size.

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 Upper Valley Rowing Foundation's IRS 990 filings:

None identified based on the provided financial data.

Strengths

The following positive indicators were identified for Upper Valley Rowing Foundation:

Consistent asset growth (from $290,391 in 2014 to $672,847 in 2023)
No reported officer compensation across all filings, indicating high efficiency
Revenue consistently exceeds expenses, leading to financial stability and growth
Strong financial transparency with 13 years of consistent IRS 990 filings
Healthy financial reserves with assets significantly exceeding liabilities (e.g., $672,847 assets vs. $159 liabilities in 2023)

Frequently Asked Questions about Upper Valley Rowing Foundation

Is Upper Valley Rowing Foundation a good charity?

Based on the provided financial data, Upper Valley Rowing Foundation appears to be a very good charity. It demonstrates strong financial health, consistent asset growth (from $290,391 in 2014 to $672,847 in 2023), and excellent spending efficiency with no reported officer compensation, suggesting a high percentage of funds go directly to programs.

How has the organization's financial health changed over time?

The organization's financial health has significantly improved over time. Revenue has grown from $148,309 in 2014 to $271,283 in 2023 (and latest reported $344,970), and assets have more than doubled from $290,391 to $672,847 in the same period, indicating strong financial management and sustainability.

What is the organization's approach to executive compensation?

The Upper Valley Rowing Foundation reports 0% officer compensation in all available filings, suggesting a highly volunteer-driven leadership model or that any compensation is minimal and not categorized as officer pay, which is a positive sign for donor confidence.

Filing History

IRS 990 filing history for Upper Valley Rowing Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Upper Valley Rowing Foundation's revenue has grown by 178.7%, moving from $97K to $271K. Total assets increased by 143% over the same period, from $277K to $673K. Total functional expenses rose by 170.6%, from $79K to $213K. In its most recent filing year (2023), Upper Valley Rowing Foundation reported a surplus of $58K, with revenue exceeding expenses. The organization holds $159 in liabilities against $673K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $673K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$271K	$213K	$673K	$159	—	—
2022	$280K	$165K	$615K	$171	—	View 990
2021	$230K	$168K	$499K	$0	—	View 990
2020	$129K	$102K	$437K	$0	—	View 990
2019	$202K	$159K	$410K	$0	—	View 990
2018	$167K	$163K	$371K	$0	—	View 990
2017	$151K	$133K	$367K	$0	—	—
2016	$197K	$145K	$349K	$0	—	View 990
2015	$179K	$173K	$297K	$0	—	View 990
2014	$148K	$138K	$290K	$0	—	View 990
2013	$141K	$99K	$280K	$0	—	View 990
2012	$99K	$139K	$237K	$0	—	View 990
2011	$97K	$79K	$277K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $271K, expenses of $213K, and assets of $673K (revenue -3.1% year-over-year).
2022: Revenue of $280K, expenses of $165K, and assets of $615K (revenue +21.5% year-over-year).
2021: Revenue of $230K, expenses of $168K, and assets of $499K (revenue +78.3% year-over-year).
2020: Revenue of $129K, expenses of $102K, and assets of $437K (revenue -35.9% year-over-year).
2019: Revenue of $202K, expenses of $159K, and assets of $410K (revenue +20.5% year-over-year).
2018: Revenue of $167K, expenses of $163K, and assets of $371K (revenue +10.6% year-over-year).
2017: Revenue of $151K, expenses of $133K, and assets of $367K (revenue -23.0% year-over-year).
2016: Revenue of $197K, expenses of $145K, and assets of $349K (revenue +9.6% year-over-year).
2015: Revenue of $179K, expenses of $173K, and assets of $297K (revenue +20.9% year-over-year).
2014: Revenue of $148K, expenses of $138K, and assets of $290K (revenue +5.0% year-over-year).
2013: Revenue of $141K, expenses of $99K, and assets of $280K (revenue +43.1% year-over-year).
2012: Revenue of $99K, expenses of $139K, and assets of $237K (revenue +1.4% year-over-year).
2011: Revenue of $97K, expenses of $79K, and assets of $277K.

Data Sources and Methodology

This transparency report for Upper Valley Rowing Foundation 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.