AI Transparency Report
Siwanoy Country Club, despite being a 501(c)(7) social club, demonstrates consistent financial growth and stability based on its IRS 990 filings. Over the past decade, revenue has shown a general upward trend, from $10.1 million in 2014 to $14.3 million in 2023, indicating a healthy ability to generate income from its members. The organization consistently operates with a surplus, with revenues exceeding expenses in most years, such as in 2023 where revenue was $14,333,433 against expenses of $13,138,000. This surplus contributes to a strong asset base, which has grown significantly from $19.8 million in 2014 to $34.8 million in 2023.
The club's financial health appears robust, with assets comfortably exceeding liabilities. For instance, in 2023, assets stood at $34,845,818 while liabilities were $9,926,518, indicating a strong balance sheet. The consistent reporting of 0% officer compensation across all available filings suggests that the organization's leadership is either unpaid or compensated through non-officer roles, which is a notable point regarding executive remuneration. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), a precise assessment of spending efficiency is limited, as 501(c)(7) organizations are not typically required to report these categories in the same detail as public charities.
Transparency is generally good given the consistent filing of IRS Form 990s, providing public access to financial statements. The absence of reported officer compensation is a positive indicator for member-funded organizations, suggesting resources are directed towards club operations rather than high executive salaries. However, the lack of NTEE code information and detailed program spending makes it challenging to fully assess its 'mission' impact from a traditional charitable perspective, as its mission is inherently member-centric rather than public benefit.