Is Atlantic Highlands Yacht Club Legit?

Atlantic Highlands Yacht Club demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade. For instance, in 2023, expenses slightly exceeded revenue ($585,344 vs. $550,401), a common occurrence for membership-based organizations. The organization's assets have fluctuated, ranging from a high of $258,453 in 2014 to a low of $159,882 in 2023, indicating some variability in its financial reserves. Liabilities have remained relatively low, suggesting a healthy balance sheet without significant debt burdens. The club's financial health appears stable, operating close to break-even most years. The absence of reported officer compensation across all filings indicates that leadership is likely volunteer-based, which can be a positive sign for efficiency and dedication to the club's mission. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency. The NTEE code being 'Unknown' also limits the ability to benchmark against similar organizations. Transparency is moderate. While the 990 filings are available, the lack of detailed expense categorization and an unknown NTEE code make it difficult for external observers to fully understand the allocation of resources. The consistent filing of 990s over many years does, however, demonstrate a commitment to regulatory compliance.