Anchorage Marina Yacht Club
Anchorage Marina Yacht Club consistently operates at a deficit with growing liabilities.
EIN: 201674640 · Holland, MI · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $499K |
| Total Expenses | $442K |
| Program Spending | 80% |
| Net Assets | $-207,848 |
| Transparency Score | 45/100 |
Is Anchorage Marina Yacht Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anchorage Marina Yacht Club directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anchorage Marina Yacht Club
Anchorage Marina Yacht Club (EIN: 201674640) is a nonprofit organization based in Holland, MI, classified under NTEE code N50. The organization reported total revenue of $499K and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anchorage Marina Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anchorage Marina Yacht Club is a small nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $357K |
| Total Expenses | $442K |
| Surplus / Deficit | $-84,230 |
| Total Assets | $36K |
| Total Liabilities | $243K |
| Net Assets | $-207,848 |
| Operating Margin | -23.6% |
| Debt-to-Asset Ratio | 683.2% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2023, Anchorage Marina Yacht Club reported a deficit of $84K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 683.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Anchorage Marina Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.5% | +11.6% | -15.7% |
| 2022 | +9.9% | +10.6% | +62.5% |
| 2021 | +35.2% | +15.7% | -32.4% |
| 2020 | -30.8% | -16.7% | -6.4% |
| 2019 | -4.4% | +13.7% | -42.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anchorage Marina Yacht Club with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Anchorage Marina Yacht Club allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $84K, with expenses exceeding revenue.
- Debt-to-asset ratio: 683.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization of its size and revenue, and suggests a volunteer-led structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Anchorage Marina Yacht Club's IRS 990 filings:
- Consistent operational deficits (e.g., $84,230 loss in 2023).
- Rapidly increasing liabilities ($2,602 in 2019 to $243,490 in 2023).
- Low assets relative to liabilities ($35,642 assets vs. $243,490 liabilities in 2023).
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making efficiency analysis difficult.
Strengths
The following positive indicators were identified for Anchorage Marina Yacht Club:
- Zero officer compensation reported across all filings, indicating a volunteer-driven leadership.
- Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Anchorage Marina Yacht Club
Is Anchorage Marina Yacht Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Anchorage Marina Yacht Club (EIN: 201674640) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Anchorage Marina Yacht Club spend its money?
Anchorage Marina Yacht Club directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Anchorage Marina Yacht Club tax-deductible?
Anchorage Marina Yacht Club is registered as a tax-exempt nonprofit (EIN: 201674640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Anchorage Marina Yacht Club's spending goes to programs?
Anchorage Marina Yacht Club directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Anchorage Marina Yacht Club compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Anchorage Marina Yacht Club is near average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Anchorage Marina Yacht Club located?
Anchorage Marina Yacht Club is headquartered in Holland, Michigan and files with the IRS under EIN 201674640. It is classified under NTEE code N50.
How many years of IRS 990 filings does Anchorage Marina Yacht Club have?
Anchorage Marina Yacht Club has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $499K in total revenue.
Why does the Anchorage Marina Yacht Club consistently operate at a deficit?
The provided data shows that in most recent years, the organization's expenses have exceeded its revenue. For instance, in 2023, expenses were $441,594 while revenue was $357,364, indicating an operational loss of over $84,000. This trend is consistent across multiple years.
What is the purpose of a 'nonprofit yacht club' and how does it align with its NTEE code N50?
The NTEE code N50 typically refers to 'Recreational, Sports, Leisure, & Athletics - General.' While a yacht club can fit this category, its nonprofit status implies a public benefit or community focus beyond a private club. The financial data alone does not clarify this aspect of its mission.
How does the organization plan to address its increasing liabilities?
Liabilities have significantly increased from $2,602 in 2019 to $243,490 in 2023. This rapid increase, coupled with low assets, suggests a substantial financial risk that is not addressed by the provided data.
Given the consistent deficits, how is the organization funding its operations?
With expenses frequently exceeding revenue, the organization must be drawing down reserves, incurring debt, or receiving non-operating income not reflected in the 'Revenue' figure to cover its costs. The increasing liabilities suggest debt is a significant factor.
Filing History
IRS 990 filing history for Anchorage Marina Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Anchorage Marina Yacht Club's revenue has grown by 0.9%, moving from $354K to $357K. Total assets decreased by 24.1% over the same period, from $47K to $36K. Total functional expenses rose by 48.2%, from $298K to $442K. In its most recent filing year (2023), Anchorage Marina Yacht Club reported a deficit of $84K, with expenses exceeding revenue. The organization holds $243K in liabilities against $36K in assets (debt-to-asset ratio: 683.2%), resulting in net assets of $-207,848.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $357K | $442K | $36K | $243K | — | — |
| 2022 | $349K | $396K | $42K | $166K | — | — |
| 2021 | $317K | $358K | $26K | $103K | — | View 990 |
| 2020 | $235K | $309K | $38K | $75K | — | View 990 |
| 2019 | $339K | $371K | $41K | $3K | — | View 990 |
| 2018 | $355K | $327K | $72K | $1K | — | View 990 |
| 2017 | $350K | $322K | $44K | $828 | — | View 990 |
| 2016 | $387K | $385K | $25K | $10K | — | View 990 |
| 2015 | $355K | $359K | $35K | $22K | — | View 990 |
| 2014 | $330K | $345K | $40K | $22K | — | View 990 |
| 2013 | $318K | $313K | $50K | $17K | — | View 990 |
| 2012 | $324K | $332K | $42K | $14K | — | View 990 |
| 2011 | $354K | $298K | $47K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $357K, expenses of $442K, and assets of $36K (revenue +2.5% year-over-year).
- 2022: Revenue of $349K, expenses of $396K, and assets of $42K (revenue +9.9% year-over-year).
- 2021: Revenue of $317K, expenses of $358K, and assets of $26K (revenue +35.2% year-over-year).
- 2020: Revenue of $235K, expenses of $309K, and assets of $38K (revenue -30.8% year-over-year).
- 2019: Revenue of $339K, expenses of $371K, and assets of $41K (revenue -4.4% year-over-year).
- 2018: Revenue of $355K, expenses of $327K, and assets of $72K (revenue +1.5% year-over-year).
- 2017: Revenue of $350K, expenses of $322K, and assets of $44K (revenue -9.6% year-over-year).
- 2016: Revenue of $387K, expenses of $385K, and assets of $25K (revenue +9.1% year-over-year).
- 2015: Revenue of $355K, expenses of $359K, and assets of $35K (revenue +7.4% year-over-year).
- 2014: Revenue of $330K, expenses of $345K, and assets of $40K (revenue +3.9% year-over-year).
- 2013: Revenue of $318K, expenses of $313K, and assets of $50K (revenue -1.9% year-over-year).
- 2012: Revenue of $324K, expenses of $332K, and assets of $42K (revenue -8.5% year-over-year).
- 2011: Revenue of $354K, expenses of $298K, and assets of $47K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anchorage Marina Yacht Club:
Data Sources and Methodology
This transparency report for Anchorage Marina Yacht Club is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.