AI Transparency Report
Strathmore Vanderbilt Country Club Of Manhasset Inc, despite being classified as a nonprofit, operates with financial characteristics more akin to a private club, as suggested by its name and NTEE code being unknown. The organization consistently reports expenses very close to its revenue, with the latest filing (202312) showing expenses of $3,752,386 against revenue of $3,748,160, resulting in a slight deficit. This trend of near break-even operations is consistent across multiple years, indicating a focus on covering operational costs rather than accumulating significant surpluses for programmatic expansion or reserves. The organization's assets have shown growth, from $1,774,158 in 2014 to $4,234,690 in 2023, but liabilities have also increased substantially, reaching $3,044,076 in 2023, suggesting significant debt financing or deferred revenue. Without a clear NTEE code or detailed program expense breakdown, assessing spending efficiency and program focus is challenging.
The organization reports 0% officer compensation across all available filings, which is unusual for an entity of its size with millions in revenue and expenses. This could indicate that officers are compensated through other means not reported as 'officer compensation' on the 990, or that the organization is entirely volunteer-led at the executive level, which is less common for a country club structure. The lack of detailed information regarding program services and the unknown NTEE code hinder a comprehensive assessment of its charitable impact and transparency. The financial data primarily reflects operational stability rather than a clear philanthropic mission.