Quick charity verification for Woodmere Club Inc (EIN: 111486950)
Verdict: Woodmere Club Inc has notable concerns
20/100Mission Score
$5.3MRevenue
$0Assets
5Red Flags
1Strengths
Red Flags
Inconsistent and highly unusual balance sheet reporting, specifically $0 assets and liabilities in the latest filing (201704) after reporting millions in prior years.
Lack of reported officer compensation despite multi-million dollar revenues across all filings.
Absence of an NTEE code, making it difficult to understand the organization's specific charitable purpose.
Significant fluctuations in reported expenses without clear explanation in public filings.
Overall lack of financial transparency due to the unusual reporting patterns.
Strengths
Consistently generates multi-million dollar revenues, indicating strong income streams (e.g., $5,298,951 latest revenue).
Spending Breakdown
How Woodmere Club Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Woodmere Club Inc
Is Woodmere Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodmere Club Inc (EIN: 111486950) has notable concerns. Mission Score: 20/100. 5 red flags identified, 1 strength noted.
Is Woodmere Club Inc a good charity to donate to?
Woodmere Club Inc has a Mission Score of 20/100. Revenue: $5.3M. Assets: $0. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Woodmere Club Inc?
The Employer Identification Number (EIN) for Woodmere Club Inc is 111486950. 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 Woodmere Club Inc spend its money?
Woodmere Club Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Woodmere Club Inc's tax-exempt status?
You can verify Woodmere Club Inc's tax-exempt status using EIN 111486950 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
Woodmere Club Inc. exhibits a highly unusual financial profile for a nonprofit, particularly its consistent reporting of zero assets and liabilities in its latest filing (201704) despite significant revenue of $5,239,503. This contrasts sharply with prior years where substantial assets (e.g., $9,861,051 in 201510) and liabilities were reported. The organization's revenue has been consistently in the multi-million dollar range, with the latest reported revenue at $5,298,951. The significant drop in reported expenses from $5,533,875 in 201510 to $1,699,324 in 201704, alongside the zeroing out of assets and liabilities, raises significant questions about the nature of its operations and financial reporting. Without further context or clarification, this financial presentation severely impacts transparency and makes a standard assessment of financial health challenging.
The organization's spending efficiency is difficult to ascertain given the inconsistencies in asset and liability reporting. While the latest filing shows expenses significantly lower than revenue, suggesting a surplus, the overall financial picture is obscured by the dramatic changes in balance sheet reporting. The absence of reported officer compensation across all filings, despite multi-million dollar revenues, is also noteworthy and could indicate a volunteer-led structure or that compensation is reported differently. The lack of an NTEE code further hinders understanding its mission and comparing its financial performance to peers.
Overall, Woodmere Club Inc.'s financial transparency is severely compromised by the inconsistent and unusual reporting of its balance sheet, particularly the sudden disappearance of all assets and liabilities in its most recent filing. This makes it challenging to confidently assess its financial health, spending efficiency, or long-term sustainability. A deeper investigation into the reasons behind these reporting changes would be necessary for a comprehensive understanding.