AI Transparency Report
Navesink Country Club Inc. operates as a social club, which is reflected in its financial structure and activities. Over the past decade, the organization has shown consistent revenue growth, increasing from $8.78 million in 2014 to $14.36 million in 2023. Expenses have generally tracked revenue, indicating a stable operational model. The club consistently reports a positive net income, contributing to a steady increase in assets, which grew from $22.9 million in 2014 to $33.2 million in 2023. Liabilities have also increased, but the organization maintains a healthy asset-to-liability ratio, suggesting good financial solvency.
As a country club, its spending efficiency is primarily measured by its ability to provide services to its members while maintaining its facilities. The IRS 990 filings indicate that the vast majority of its expenses are operational, directly supporting its club activities. The absence of reported officer compensation in all available filings suggests that the organization's leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a notable aspect for a non-profit of this size. However, without a detailed functional expense breakdown (program, administrative, fundraising), a precise assessment of spending efficiency is limited.
Transparency is generally good, with consistent annual filings available. The lack of reported officer compensation on the 990s, while potentially positive, could also indicate a need for deeper scrutiny into how leadership is compensated or structured, especially for an organization with nearly $20 million in latest reported revenue. The NTEE code being 'Unknown' also limits the ability to benchmark against similar organizations, which is a minor transparency drawback.