Cutty Okoboji Resort Club
EIN: 421186498 · Spirit Lake, IA
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.6M |
| Net Assets | $2.6M |
Is Cutty Okoboji Resort Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cutty Okoboji Resort Club
Cutty Okoboji Resort Club (EIN: 421186498) is a nonprofit organization based in Spirit Lake, IA. The organization reported total revenue of $3.0M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cutty Okoboji Resort Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cutty Okoboji Resort Club is a mid-size nonprofit that has been operating for 35 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-50,726 |
| Total Assets | $3.6M |
| Total Liabilities | $1.0M |
| Net Assets | $2.6M |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 16.8 months |
Financial Health Grade: B
In 2023, Cutty Okoboji Resort Club reported a deficit of $51K with expenses exceeding revenue, holds 16.8 months of operating reserves (strong position), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Cutty Okoboji Resort Club's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.0% | +7.9% | +0.3% |
| 2022 | +4.5% | +2.9% | +0.4% |
| 2021 | +7.0% | +10.3% | -1.2% |
| 2019 | +0.1% | -1.8% | +2.0% |
| 2018 | +0.5% | +4.5% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cutty Okoboji Resort Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cutty Okoboji Resort Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.6%.
Frequently Asked Questions about Cutty Okoboji Resort Club
Is Cutty Okoboji Resort Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Cutty Okoboji Resort Club (EIN: 421186498) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cutty Okoboji Resort Club spend its money?
Detailed spending breakdown data is not yet available for Cutty Okoboji Resort Club. Check back for updated IRS 990 analysis.
Are donations to Cutty Okoboji Resort Club tax-deductible?
Cutty Okoboji Resort Club is registered as a tax-exempt nonprofit (EIN: 421186498). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cutty Okoboji Resort Club located?
Cutty Okoboji Resort Club is headquartered in Spirit Lake, Iowa and files with the IRS under EIN 421186498.
How many years of IRS 990 filings does Cutty Okoboji Resort Club have?
Cutty Okoboji Resort Club has 12 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 $3.0M in total revenue.
Filing History
IRS 990 filing history for Cutty Okoboji Resort Club showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Cutty Okoboji Resort Club's revenue has grown by 32.7%, moving from $1.9M to $2.5M. Total assets increased by 18.6% over the same period, from $3.0M to $3.6M. Total functional expenses rose by 39%, from $1.9M to $2.6M. In its most recent filing year (2023), Cutty Okoboji Resort Club reported a deficit of $51K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $3.6M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.6M | $3.6M | $1.0M | — | View 990 |
| 2022 | $2.4M | $2.4M | $3.6M | $970K | — | View 990 |
| 2021 | $2.3M | $2.3M | $3.6M | $997K | — | View 990 |
| 2019 | $2.2M | $2.1M | $3.6M | $939K | — | View 990 |
| 2018 | $2.2M | $2.1M | $3.5M | $932K | — | View 990 |
| 2017 | $2.2M | $2.1M | $3.5M | $916K | — | View 990 |
| 2016 | $2.2M | $1.9M | $3.4M | $902K | — | View 990 |
| 2015 | $2.1M | $2.1M | $3.2M | $968K | — | View 990 |
| 2014 | $2.0M | $2.0M | $3.2M | $937K | — | View 990 |
| 2013 | $2.0M | $2.0M | $3.1M | $938K | — | View 990 |
| 2012 | $2.0M | $1.9M | $3.1M | $925K | — | View 990 |
| 2011 | $1.9M | $1.9M | $3.0M | $911K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.6M, and assets of $3.6M (revenue +4.0% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $3.6M (revenue +4.5% year-over-year).
- 2021: Revenue of $2.3M, expenses of $2.3M, and assets of $3.6M (revenue +7.0% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $3.6M (revenue +0.1% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.1M, and assets of $3.5M (revenue +0.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.1M, and assets of $3.5M (revenue +0.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.9M, and assets of $3.4M (revenue +2.8% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $3.2M (revenue +2.4% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $3.2M (revenue +3.2% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.0M, and assets of $3.1M (revenue +0.5% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.9M, and assets of $3.1M (revenue +3.7% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.9M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cutty Okoboji Resort Club:
Data Sources and Methodology
This transparency report for Cutty Okoboji Resort 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.