Is Bordentown Yacht Club Legit?

The Bordentown Yacht Club demonstrates consistent financial stability with a steady increase in assets over the past decade, growing from $159,473 in 2014 to $239,557 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $145,717 exceeded expenses of $129,818, indicating sound financial management. Liabilities remain very low, typically under $5,000, which is a strong indicator of fiscal health and minimal financial risk. Spending efficiency appears to be high, particularly given the consistent reporting of 0% officer compensation across all available filings, suggesting that leadership is volunteer-based or compensated through non-salary means not reported as officer compensation. This significantly reduces administrative overhead. The organization's primary focus appears to be on its core activities, maintaining its facilities and supporting its members, rather than extensive fundraising efforts. Transparency is excellent, with 13 filings available, showing a clear and consistent reporting history. The absence of officer compensation is a notable positive for a smaller organization, indicating that resources are likely directed towards club operations and member services. Overall, the Bordentown Yacht Club exhibits strong financial health, efficient operations, and a high degree of transparency.