Quick charity verification for Summit North Yacht Club (EIN: 200975006)
Verdict: Summit North Yacht Club appears trustworthy
70/100Mission Score
$5KRevenue
$3KAssets
2Red Flags
4Strengths
Red Flags
Significant and continuous decline in annual revenue over eight years (from $17,629 in 2011 to $5,155 in 2018)
Small and shrinking asset base ($2,298 in 2011 to $2,671 in 2018, with fluctuations, but overall low relative to past revenue)
Strengths
Consistently reports zero liabilities, indicating no debt
100% volunteer-based leadership with 0% officer compensation, demonstrating high efficiency
Operated with a surplus in the latest reporting period ($5,155 revenue vs. $3,977 expenses)
Clear focus on program spending due to minimal administrative overhead
Spending Breakdown
How Summit North Yacht Club allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Summit North Yacht Club
Is Summit North Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Summit North Yacht Club (EIN: 200975006) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 4 strengths noted.
Is Summit North Yacht Club a good charity to donate to?
Summit North Yacht Club has a Mission Score of 70/100. Revenue: $5K. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Summit North Yacht Club?
The Employer Identification Number (EIN) for Summit North Yacht Club is 200975006. 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 Summit North Yacht Club spend its money?
Summit North Yacht Club allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Summit North Yacht Club's tax-exempt status?
You can verify Summit North Yacht Club's tax-exempt status using EIN 200975006 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
Summit North Yacht Club operates on a very small scale, with its latest reported revenue at $5,155 and assets at $2,671. The organization consistently reports zero liabilities, indicating a healthy balance sheet free of debt. However, its revenue has shown a significant downward trend over the past eight years, decreasing from $17,629 in 2011 to $5,155 in 2018. This decline in financial activity suggests a shrinking operational footprint or reduced member engagement. The organization's expenses have generally tracked its revenue, with a slight surplus in 2018 ($5,155 revenue vs. $3,977 expenses), but deficits in earlier years like 2016 ($5,518 revenue vs. $7,202 expenses). The consistent reporting of 0% officer compensation across all filings indicates a volunteer-driven leadership, which is a positive sign for efficiency and dedication to its mission.