Quick charity verification for Radio Island Marina Club Inc (EIN: 205727782)
Verdict: Radio Island Marina Club Inc appears trustworthy
70/100Mission Score
$786KRevenue
$2.6MAssets
2Red Flags
4Strengths
Red Flags
Historical trend of expenses exceeding revenue in multiple periods (e.g., 2022: $549,887 expenses vs. $484,167 revenue)
Significant increase in liabilities, reaching $927,622 in 2023 from $268,868 in 2014
Strengths
Consistent filing history (13 filings) demonstrating transparency
Zero reported officer compensation across all filings, indicating volunteer leadership and low administrative overhead for executive salaries
Strong revenue growth in recent years, with 2023 revenue at $709,787
Positive net income reported in the latest filing period (202312), reversing previous deficits
Spending Breakdown
How Radio Island Marina Club Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Radio Island Marina Club Inc
Is Radio Island Marina Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Radio Island Marina Club Inc (EIN: 205727782) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
Is Radio Island Marina Club Inc a good charity to donate to?
Radio Island Marina Club Inc has a Mission Score of 70/100. Revenue: $786K. Assets: $2.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Radio Island Marina Club Inc?
The Employer Identification Number (EIN) for Radio Island Marina Club Inc is 205727782. 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 Radio Island Marina Club Inc spend its money?
Radio Island Marina Club Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Radio Island Marina Club Inc's tax-exempt status?
You can verify Radio Island Marina Club Inc's tax-exempt status using EIN 205727782 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
Radio Island Marina Club Inc. demonstrates a consistent operational pattern, with revenues generally increasing over the past few years, reaching $709,787 in 2023. However, the organization has frequently reported expenses exceeding revenue in several periods, such as $549,887 in expenses against $484,167 in revenue in 2022, and $580,407 in expenses against $709,787 in revenue in 2023, indicating a recent shift towards positive net income. The organization's assets have shown fluctuations, peaking around $2.5 million in 2014 and 2015, then declining to $1.7 million in 2021 before recovering to $2.4 million in 2023. Liabilities have also seen an upward trend in recent years, reaching $927,622 in 2023, which is a significant increase from previous years.
The organization's financial health appears to be stabilizing with the recent positive net income in 2023, but the historical trend of expenses often exceeding revenue suggests a need for careful financial management. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership, which can be a positive sign for donor confidence regarding administrative costs. However, without a detailed breakdown of expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The increasing liabilities warrant attention to ensure long-term financial stability.
Transparency is generally good given the consistent filing history and the clear reporting of zero officer compensation. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated between programs, administration, and fundraising. A more granular view of spending would enhance the assessment of their efficiency and commitment to their stated mission.