Is Towers Country Club Inc Legit?

Quick charity verification for Towers Country Club Inc (EIN: 132854903)

Verdict: Towers Country Club Inc shows mixed signals

65/100Mission Score

$4.7MRevenue

$6.9MAssets

3Red Flags

4Strengths

Red Flags

Unknown NTEE code, hindering classification and comparison.
Recent deficit in 202402, with expenses exceeding revenue by over $300,000.
Consistent 0% officer compensation, which may indicate a lack of transparency regarding executive remuneration or an unusual operational model for an organization of this size.

Strengths

Consistent revenue generation, generally exceeding expenses over the past decade.
Steady growth in assets, from $3.6 million in 201502 to $5.3 million in 202402.
Relatively low liabilities compared to assets, indicating a healthy balance sheet.
Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency.

Spending Breakdown

How Towers Country Club Inc allocates its funds across programs, administration, and fundraising.

70%

Program Spending

Below average — room for improvement

20%

Admin Costs

Reasonable — admin costs in check

10%

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 Towers Country Club Inc

Is Towers Country Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Towers Country Club Inc (EIN: 132854903) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.

Is Towers Country Club Inc a good charity to donate to?

Towers Country Club Inc has a Mission Score of 65/100. Revenue: $4.7M. Assets: $6.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Towers Country Club Inc?

The Employer Identification Number (EIN) for Towers Country Club Inc is 132854903. 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 Towers Country Club Inc spend its money?

Towers Country Club Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Towers Country Club Inc's tax-exempt status?

You can verify Towers Country Club Inc's tax-exempt status using EIN 132854903 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

Towers Country Club Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, indicating a stable operational model. For example, in 202302, revenue was $4,227,708 against expenses of $3,481,998. However, the most recent filing (202402) shows a deficit, with expenses of $3,723,034 exceeding revenue of $3,396,895, which warrants monitoring. The organization's assets have shown a steady increase, from $3,649,555 in 201502 to $5,388,751 in 202402, suggesting financial growth and accumulation of resources.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational surpluses in most years suggest a degree of financial prudence. The organization's liabilities have remained relatively low compared to its assets, indicating a healthy balance sheet. For instance, in 202402, liabilities were $125,599 against assets of $5,388,751.

Transparency is generally good given the availability of 990 filings. However, the NTEE code is unknown, which can make it difficult for external stakeholders to quickly understand the organization's primary purpose or compare it to similar entities. The consistent reporting of 0% officer compensation across all available filings is a notable point, suggesting that top leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.