Atlantis Yacht Club
Atlantis Yacht Club: Steady Finances, Limited Public Mission
EIN: 221858553 · Monmouth Bch, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $428K |
| Total Expenses | $358K |
| Net Assets | $152K |
| Transparency Score | 30/100 |
Is Atlantis Yacht Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Atlantis Yacht Club
Atlantis Yacht Club (EIN: 221858553) is a nonprofit organization based in Monmouth Bch, NJ. The organization reported total revenue of $428K and total assets of $594K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Atlantis Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Atlantis Yacht Club is a small nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $319K |
| Total Expenses | $358K |
| Surplus / Deficit | $-38,695 |
| Total Assets | $574K |
| Total Liabilities | $422K |
| Net Assets | $152K |
| Operating Margin | -12.1% |
| Debt-to-Asset Ratio | 73.5% |
| Months of Reserves | 19.3 months |
Financial Health Grade: C
In 2023, Atlantis Yacht Club reported a deficit of $39K with expenses exceeding revenue, holds 19.3 months of operating reserves (strong position), has a debt-to-asset ratio of 73.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Atlantis Yacht Club's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.0% | -6.6% | -10.6% |
| 2022 | +2.8% | -2.2% | -3.5% |
| 2021 | +15.9% | +19.2% | -10.1% |
| 2020 | -11.0% | +2.7% | +28.9% |
| 2019 | +21.2% | -3.7% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
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 Atlantis Yacht Club with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Atlantis Yacht Club allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $39K, with expenses exceeding revenue.
- Debt-to-asset ratio: 73.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures are reported in the available filings.
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 Atlantis Yacht Club's IRS 990 filings:
- Lack of stated mission or program service accomplishments in public filings.
- Zero reported program service expenses across all available years, indicating no direct charitable activities.
- No compensation details provided for officers, directors, trustees, or key employees.
- Consistent reporting of 'c0%' for contributions, gifts, grants, and similar amounts, suggesting no public fundraising or reliance on membership dues.
Strengths
The following positive indicators were identified for Atlantis Yacht Club:
- Consistent revenue and asset base over several years, indicating financial stability.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
Frequently Asked Questions about Atlantis Yacht Club
Is Atlantis Yacht Club a legitimate charity?
Atlantis Yacht Club (EIN: 221858553) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 30/100. It has 13 years of IRS 990 filings on record. Total revenue: $428K. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Atlantis Yacht Club spend its money?
Atlantis Yacht Club reported $428K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Atlantis Yacht Club tax-deductible?
Atlantis Yacht Club is registered as a tax-exempt nonprofit (EIN: 221858553). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Atlantis Yacht Club located?
Atlantis Yacht Club is headquartered in Monmouth Bch, New Jersey and files with the IRS under EIN 221858553.
How many years of IRS 990 filings does Atlantis Yacht Club have?
Atlantis 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 $428K in total revenue.
What does Atlantis Yacht Club do?
Atlantis Yacht Club is a nonprofit organization in the Unknown sector, located in Monmouth Bch, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Atlantis Yacht Club have?
Atlantis Yacht Club reported total revenue of $427,606. Based on 13 IRS 990 filings on record.
What are Atlantis Yacht Club's total assets?
Atlantis Yacht Club holds total assets of $594,256 as reported in IRS 990 filings.
Where is Atlantis Yacht Club located?
Atlantis Yacht Club is based in Monmouth Bch, New Jersey.
What is Atlantis Yacht Club's EIN?
Atlantis Yacht Club's Employer Identification Number (EIN) is 221858553. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Atlantis Yacht Club?
Atlantis Yacht Club is classified under NTEE code Unknown (Unknown).
Is Atlantis Yacht Club a registered 501(c)(3)?
Atlantis Yacht Club appears in IRS records (EIN: 221858553). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Atlantis Yacht Club file IRS Form 990?
Yes, Atlantis Yacht Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Atlantis Yacht Club's revenue in 2023?
In the 202312 filing period, Atlantis Yacht Club reported total revenue of $318,900, total expenses of $357,595, and net assets of $574,205.
Is Atlantis Yacht Club's revenue growing or declining?
Atlantis Yacht Club's revenue is declining. Revenue went from $393,852 (202212) to $318,900 (202312), a -19.0% change. Based on 13 filings on record.
What is Atlantis Yacht Club's most recent 990 filing?
The most recent IRS Form 990 filing for Atlantis Yacht Club covers tax period 202312. It shows revenue of $318,900, expenses of $357,595, total assets of $574,205, and liabilities of $422,033.
Is Atlantis Yacht Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Atlantis Yacht Club has notable concerns. Mission Score: 30/100 (Poor). 4 red flags identified. 2 strengths noted.
What are the red flags for Atlantis Yacht Club?
The following concerns were identified: Lack of stated mission or program service accomplishments in public filings.. Zero reported program service expenses across all available years, indicating no direct charitable activities.. No compensation details provided for officers, directors, trustees, or key employees.. Consistent reporting of 'c0%' for contributions, gifts, grants, and similar amounts, suggesting no public fundraising or reliance on membership dues.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Atlantis Yacht Club's strengths?
Positive indicators for Atlantis Yacht Club include: Consistent revenue and asset base over several years, indicating financial stability.. Low liabilities relative to assets, suggesting a healthy balance sheet.. These findings are derived from AI analysis of the organization's financial filings.
How does Atlantis Yacht Club compensate executives?
Executive compensation cannot be assessed as no compensation figures are reported in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Atlantis Yacht Club' name and lack of program expenses, is this organization primarily a social club rather than a public charity?
The absence of reported program service expenses and a stated mission in public filings strongly suggests that the Atlantis Yacht Club operates more as a private social or recreational club for its members rather than engaging in public charitable activities.
How does the organization sustain itself without reported contributions or program activities?
The organization likely sustains itself through membership dues, investment income, or other non-charitable revenue streams, as indicated by consistent revenue figures (e.g., $318,900 in 2023) without reported contributions or program expenses.
Filing History
IRS 990 filing history for Atlantis Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Atlantis Yacht Club's revenue has declined by 6.8%, moving from $342K to $319K. Total assets decreased by 8.9% over the same period, from $630K to $574K. Total functional expenses rose by 3.5%, from $345K to $358K. In its most recent filing year (2023), Atlantis Yacht Club reported a deficit of $39K, with expenses exceeding revenue. The organization holds $422K in liabilities against $574K in assets (debt-to-asset ratio: 73.5%), resulting in net assets of $152K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $319K | $358K | $574K | $422K | — | — |
| 2022 | $394K | $383K | $642K | $451K | — | View 990 |
| 2021 | $383K | $391K | $666K | $486K | — | View 990 |
| 2020 | $331K | $328K | $740K | $552K | — | — |
| 2019 | $371K | $320K | $575K | $389K | — | View 990 |
| 2018 | $306K | $332K | $541K | $407K | — | View 990 |
| 2017 | $315K | $314K | $585K | $425K | — | View 990 |
| 2016 | $324K | $303K | $608K | $448K | — | View 990 |
| 2015 | $365K | $347K | $607K | $468K | — | View 990 |
| 2014 | $307K | $324K | $606K | $485K | — | View 990 |
| 2013 | $302K | $304K | $812K | $674K | — | View 990 |
| 2012 | $348K | $286K | $758K | $618K | — | View 990 |
| 2011 | $342K | $345K | $630K | $552K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $319K, expenses of $358K, and assets of $574K (revenue -19.0% year-over-year).
- 2022: Revenue of $394K, expenses of $383K, and assets of $642K (revenue +2.8% year-over-year).
- 2021: Revenue of $383K, expenses of $391K, and assets of $666K (revenue +15.9% year-over-year).
- 2020: Revenue of $331K, expenses of $328K, and assets of $740K (revenue -11.0% year-over-year).
- 2019: Revenue of $371K, expenses of $320K, and assets of $575K (revenue +21.2% year-over-year).
- 2018: Revenue of $306K, expenses of $332K, and assets of $541K (revenue -2.6% year-over-year).
- 2017: Revenue of $315K, expenses of $314K, and assets of $585K (revenue -2.9% year-over-year).
- 2016: Revenue of $324K, expenses of $303K, and assets of $608K (revenue -11.1% year-over-year).
- 2015: Revenue of $365K, expenses of $347K, and assets of $607K (revenue +18.9% year-over-year).
- 2014: Revenue of $307K, expenses of $324K, and assets of $606K (revenue +1.5% year-over-year).
- 2013: Revenue of $302K, expenses of $304K, and assets of $812K (revenue -13.1% year-over-year).
- 2012: Revenue of $348K, expenses of $286K, and assets of $758K (revenue +1.6% year-over-year).
- 2011: Revenue of $342K, expenses of $345K, and assets of $630K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Atlantis Yacht Club:
Data Sources and Methodology
This transparency report for Atlantis 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.