Friends of the Merrimack River Greenway Trail
Nonprofit profile at a glance
- EIN
- 453829131
- IRS 990-EZ coverage
- 2019–2025
- Forms available
- Form 990 2023, Form 990-EZ 2025
- Location
- Concord, NH, USA
- Phone
- 2023065850
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Parks and Playgrounds
Reported finances
- Revenue
- $71,095
- Expenses
- $17,058
- Assets
- $229,771
- Liabilities
- $325
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Richard Lemieux (President)
- Nicholas Holmes (Vice-President)
People named in this filing
- Gregory Bakos (Trustee)
- Rick Silverberg (Trustee)
- Richard Lemieux (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To construct a paved multiuse trail in Concord, NH.
What it reported doing in 2025
We funded a required bridge inspection on a future section of trail (the Penacook section). This program expenditure directly supports the development of the Merrimack River Greenway Trail.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 93
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 27%; rating input score 27
- Program expense ratio: 78.8%; rating input score 79
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 3rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 76%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 13.47; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 20.4% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 15.4% per year; rating input score 100; 86th percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 76th percentile among comparable filings
Details
- Where the money goes: 27% of revenue deployed · 78.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $13K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 27/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.