Echo Lake Country Club

Echo Lake Country Club maintains strong financial health with consistent revenue growth and significant assets, reporting no officer compensation on its 990s.

EIN: 220880730 · Westfield, NJ · Updated: 2026-03-28

$13.7MRevenue

$29.2MAssets

40/100Mission Score (Fair)

About Echo Lake Country Club

Echo Lake Country Club (EIN: 220880730) is a nonprofit organization based in Westfield, NJ. The organization reported total revenue of $13.7M and total assets of $29.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Echo Lake Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Echo Lake Country Club, despite being a large organization with over $13 million in latest reported revenue and nearly $30 million in assets, operates with a financial structure typical of a private club rather than a public charity. Its IRS 990 filings consistently show zero officer compensation, which is unusual for an organization of this size and suggests that key management may be compensated through other means or that the club is primarily member-managed with volunteer leadership. The club has shown consistent revenue growth over the past decade, from $7.6 million in 2014 to over $11 million in recent years, indicating financial stability and increasing member engagement. However, the lack of detailed program spending information in the provided data makes it difficult to assess its 'charitable' efficiency, as its primary purpose is likely member services rather than public benefit programs.

Financially, the club appears stable, with assets significantly exceeding liabilities. For instance, in 2023, assets were $29.2 million against liabilities of $7.3 million. Expenses have generally tracked revenue, with a slight deficit in 2023 ($11.1M revenue vs. $11.2M expenses) but surpluses in prior years (e.g., $11.1M revenue vs. $10.3M expenses in 2022). The consistent growth in assets, from $14.7 million in 2014 to $29.2 million in 2023, demonstrates strong financial management and investment in its facilities. The absence of officer compensation reported on the 990s, while potentially a positive for 'overhead' in a traditional charity sense, raises questions about the full compensation picture for an organization of this scale, impacting a complete transparency assessment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Echo Lake Country Club with a Mission Score of 40 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: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Echo Lake Country Club allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation on its IRS 990 filings, which is highly unusual for an entity with over $11 million in annual expenses and nearly $30 million in assets, suggesting that executive compensation may be structured differently or that leadership roles are primarily volunteer-based.

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 Echo Lake Country Club's IRS 990 filings:

NTEE Code is unknown, making it difficult to categorize its primary purpose.
Consistent reporting of 0% officer compensation on 990s for a large organization, which may obscure the full compensation picture for key personnel.
Primary purpose appears to be member services rather than public charitable programs, which is not a 'red flag' for a country club, but important for a 'charity' assessment.

Strengths

The following positive indicators were identified for Echo Lake Country Club:

Strong and consistent revenue growth over the past decade, from $7.6M in 2014 to $11.1M in 2023.
Excellent asset growth, nearly doubling from $14.7M in 2014 to $29.2M in 2023.
Healthy financial position with assets significantly exceeding liabilities (e.g., $29.2M assets vs. $7.3M liabilities in 2023).
Generally operates with a surplus, indicating sound financial management (e.g., $11.1M revenue vs. $10.3M expenses in 2022).

Frequently Asked Questions about Echo Lake Country Club

Is Echo Lake Country Club a good charity?

Based on the provided IRS 990 data, Echo Lake Country Club functions as a private social club rather than a public charity. Its financial health is strong, but its mission is primarily to serve its members, not the broader public, which is a key distinction for 'charity' assessment.

How does Echo Lake Country Club manage its executive compensation?

The IRS 990 filings consistently report 0% officer compensation. This indicates that either the club's leadership is entirely volunteer, or compensation for key management is structured in a way that is not reported as 'officer compensation' on the 990, such as through contractor fees or other benefits.

What is the trend in Echo Lake Country Club's financial stability?

Echo Lake Country Club demonstrates strong financial stability. Its revenue has grown consistently from $7.6 million in 2014 to over $11 million in recent years, and its assets have nearly doubled from $14.7 million to $29.2 million over the same period, significantly exceeding liabilities.

Filing History

IRS 990 filing history for Echo Lake Country Club showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Echo Lake Country Club's revenue has grown by 67.1%, moving from $6.7M to $11.2M. Total assets increased by 125.9% over the same period, from $13.0M to $29.3M. Total functional expenses rose by 77.7%, from $6.3M to $11.2M. In its most recent filing year (2023), Echo Lake Country Club reported a deficit of $77K, with expenses exceeding revenue. The organization holds $7.3M in liabilities against $29.3M in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $22.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$11.2M	$11.2M	$29.3M	$7.3M	—	View 990
2022	$11.1M	$10.3M	$29.3M	$7.3M	—	—
2021	$11.5M	$9.0M	$28.9M	$7.8M	—	—
2020	$7.3M	$7.0M	$26.7M	$8.4M	—	—
2019	$8.5M	$7.9M	$19.9M	$2.0M	—	View 990
2018	$8.5M	$8.0M	$19.3M	$1.9M	—	View 990
2017	$8.3M	$7.7M	$17.5M	$1.3M	—	—
2016	$8.0M	$7.5M	$15.9M	$1.1M	—	View 990
2015	$8.0M	$7.3M	$15.2M	$901K	—	View 990
2014	$7.6M	$6.8M	$14.7M	$1.2M	—	View 990
2013	$7.8M	$7.4M	$13.7M	$907K	—	View 990
2012	$6.9M	$6.4M	$13.2M	$912K	—	View 990
2011	$6.7M	$6.3M	$13.0M	$1.1M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $11.2M, expenses of $11.2M, and assets of $29.3M (revenue +0.5% year-over-year).
2022: Revenue of $11.1M, expenses of $10.3M, and assets of $29.3M (revenue -3.8% year-over-year).
2021: Revenue of $11.5M, expenses of $9.0M, and assets of $28.9M (revenue +57.9% year-over-year).
2020: Revenue of $7.3M, expenses of $7.0M, and assets of $26.7M (revenue -14.1% year-over-year).
2019: Revenue of $8.5M, expenses of $7.9M, and assets of $19.9M (revenue +0.4% year-over-year).
2018: Revenue of $8.5M, expenses of $8.0M, and assets of $19.3M (revenue +1.9% year-over-year).
2017: Revenue of $8.3M, expenses of $7.7M, and assets of $17.5M (revenue +3.6% year-over-year).
2016: Revenue of $8.0M, expenses of $7.5M, and assets of $15.9M (revenue +0.6% year-over-year).
2015: Revenue of $8.0M, expenses of $7.3M, and assets of $15.2M (revenue +4.8% year-over-year).
2014: Revenue of $7.6M, expenses of $6.8M, and assets of $14.7M (revenue -2.7% year-over-year).
2013: Revenue of $7.8M, expenses of $7.4M, and assets of $13.7M (revenue +14.2% year-over-year).
2012: Revenue of $6.9M, expenses of $6.4M, and assets of $13.2M (revenue +2.6% year-over-year).
2011: Revenue of $6.7M, expenses of $6.3M, and assets of $13.0M.

Data Sources and Methodology

This transparency report for Echo Lake Country 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.