Quick charity verification for Lake Shore Yacht & Country Club Inc (EIN: 150567660)
Verdict: Lake Shore Yacht & Country Club Inc has notable concerns
30/100Mission Score
$2.2MRevenue
$2.5MAssets
5Red Flags
1Strengths
Red Flags
Consistent operational deficits (e.g., $2,440,125 expenses vs. $2,200,033 revenue in 2017).
Liabilities significantly exceed assets ($3,917,664 liabilities vs. $2,452,231 assets in 2017).
Unknown NTEE code, hindering clear understanding of mission and program focus.
Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
0% officer compensation reported for an organization with over $2 million in revenue, which could indicate reporting anomalies or a fully volunteer-run structure that might be unsustainable at this scale.
Strengths
Consistent filing of IRS Form 990s, indicating basic compliance with reporting requirements.
Spending Breakdown
How Lake Shore Yacht & Country Club Inc allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
0%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Lake Shore Yacht & Country Club Inc
Is Lake Shore Yacht & Country Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake Shore Yacht & Country Club Inc (EIN: 150567660) has notable concerns. Mission Score: 30/100. 5 red flags identified, 1 strength noted.
Is Lake Shore Yacht & Country Club Inc a good charity to donate to?
Lake Shore Yacht & Country Club Inc has a Mission Score of 30/100. Revenue: $2.2M. Assets: $2.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Lake Shore Yacht & Country Club Inc?
The Employer Identification Number (EIN) for Lake Shore Yacht & Country Club Inc is 150567660. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Lake Shore Yacht & Country Club Inc spend its money?
Lake Shore Yacht & Country Club Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Lake Shore Yacht & Country Club Inc's tax-exempt status?
You can verify Lake Shore Yacht & Country Club Inc's tax-exempt status using EIN 150567660 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Lake Shore Yacht & Country Club Inc. appears to be a social and recreation club, rather than a traditional public charity, given its name and financial structure. Its financial health shows a consistent trend of expenses exceeding revenue in recent years, with the latest filing (201703) reporting expenses of $2,440,125 against revenues of $2,200,033. This deficit spending has contributed to a growing liabilities burden, reaching $3,917,664 in 2017, significantly outweighing its assets of $2,452,231. The organization's NTEE code is unknown, which can sometimes hinder a clear understanding of its primary purpose and programmatic spending.
The organization's spending efficiency cannot be fully assessed without a detailed breakdown of its expenses into program, administrative, and fundraising categories, which are not provided in the summary data. However, the consistent operational deficits suggest that the current revenue streams are insufficient to cover its expenditures. The absence of reported officer compensation indicates that executive salaries are either very low, non-existent, or not reported in a way that is visible in this summary data, which could be a positive for resource allocation if it's a volunteer-run organization, or a red flag if it implies a lack of professional management.
Transparency is moderately concerning due to the unknown NTEE code and the lack of detailed expense breakdowns. While the organization files its IRS Form 990, which is a basic level of transparency, the specific nature of its 'programmatic' activities for a 'yacht & country club' operating as a nonprofit would require deeper investigation into its filings to understand its public benefit, if any, beyond serving its members. The significant and growing liabilities also warrant closer scrutiny.