AI Transparency Report
Wanakah Country Club, despite being a 501(c)(7) social club, files IRS Form 990, which provides a degree of financial transparency. Over the past five years, the organization has shown consistent revenue growth, increasing from $4,144,164 in 2019 to $5,450,390 in 2023. Expenses have generally tracked revenue, with the club operating at a surplus in most recent years, such as a $289,531 surplus in 2023 ($5,450,390 revenue vs. $5,160,859 expenses). This indicates sound financial management for a membership-based organization.
The club's assets have also grown steadily, from $4,665,540 in 2019 to $7,729,794 in 2023, while liabilities have remained manageable relative to assets. The consistent reporting of 0% officer compensation across all available filings suggests that the club's leadership is either volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, which is a positive indicator for a member-serving organization. However, without a detailed breakdown of program service expenses versus administrative and fundraising costs, a precise assessment of spending efficiency is challenging for a social club, as their 'program' is essentially member services.