Is Orrs Bailey Yacht Club Legit?

The Orrs Bailey Yacht Club demonstrates consistent financial stability with a healthy asset base, growing from $740,669 in 2015 to $871,744 in 2023. The organization consistently operates with a surplus, as seen in 2023 where revenue of $154,085 exceeded expenses of $118,395, indicating sound financial management. Liabilities have been minimal or zero across most reported periods, suggesting a strong balance sheet and low financial risk. The club's revenue has shown an upward trend over the past few years, reaching $154,085 in 2023, which is a positive indicator of sustained member support or other income streams. Spending efficiency appears strong, with expenses generally well below revenue, allowing for asset growth. The consistent reporting of 0% officer compensation across all available filings suggests that the organization is run by volunteers, which significantly reduces administrative overhead and maximizes resources for its stated purpose. This commitment to volunteer leadership is a key strength in terms of financial efficiency and donor trust. The absence of significant liabilities further reinforces its prudent financial practices. Transparency is high given the consistent filing of IRS Form 990s and the clear financial picture presented. The detailed breakdown of revenue, expenses, assets, and liabilities, along with the explicit mention of zero officer compensation, provides a comprehensive view of the organization's financial operations. This level of detail, coupled with a long history of filings, allows for thorough analysis and builds confidence in the organization's stewardship of its resources.