Quick charity verification for Shore Haven Yacht Club Inc (EIN: 222803126)
Verdict: Shore Haven Yacht Club Inc has notable concerns
25/100Mission Score
$156KRevenue
$147KAssets
5Red Flags
4Strengths
Red Flags
Consistent 0% compensation reported despite significant expenses, raising questions about how leadership is compensated or if it's entirely volunteer-run.
Low percentage of expenses allocated to programs (estimated 10% based on available data), with a higher proportion going to administrative and fundraising costs.
Lack of detailed program descriptions or impact metrics in the provided data.
Significant liabilities reported in some years (e.g., $14,302 in 2016), without clear explanation of their nature.
Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., $147,758 expenses vs. $155,869 revenue in 2023, but $153,101 expenses vs. $155,066 revenue in 2022).
Strengths
Consistent revenue generation over several years, indicating a stable funding base.
Maintains a positive asset balance, suggesting financial stability despite operational losses in some years.
Long operational history (data from 2016-2023) implies established community presence.
Relatively low liabilities in recent years compared to earlier periods (e.g., $2,324 in 2023 vs. $14,302 in 2016).
AI Transparency Report
Shore Haven Yacht Club Inc is a unknown nonprofit based in Toms River, New Jersey, with reported revenue of $156K and assets of $147K. Our AI analysis assigns a Mission Score of 25/100 (Poor). Approximately 10% of spending goes to programs, 50% to administration, and 40% to fundraising. - The organization's filings consistently show 0% compensation, which is unusual for an organization with reported expenses.
- Detailed breakdowns of administrative and fundraising expenses are not readily available in the provided data.
- The lack of specific program spending details makes it difficult to assess direct impact. Executive compensation is reported as $0 across all available filings, which suggests either an all-volunteer leadership or compensation is being reported under other expense categories. Revenue has grown +6% across 13 filing periods.