Elmira Country Club Inc
Elmira Country Club Inc. consistently operates at a deficit with declining assets and high liabilities.
EIN: 160421940 · Elmira, NY · Updated: 2026-03-28
Is Elmira Country Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elmira Country Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elmira Country Club Inc
Elmira Country Club Inc (EIN: 160421940) is a nonprofit organization based in Elmira, NY. The organization reported total revenue of $2.5M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elmira Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Elmira Country Club Inc 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, Elmira Country Club Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is unusual for an organization of this size with annual revenues exceeding $2 million.
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 Elmira Country Club Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $339,172 in 2023)
- Declining asset base over the past decade (from $5.39M in 2014 to $3.87M in 2023)
- Liabilities consistently exceed assets (e.g., $4.9M liabilities vs. $3.87M assets in 2023)
- Unknown NTEE code, hindering mission clarity and comparative analysis
Strengths
The following positive indicators were identified for Elmira Country Club Inc:
- 0% officer compensation reported across all filings, indicating no direct compensation to leadership from the organization's funds.
Frequently Asked Questions about Elmira Country Club Inc
Is Elmira Country Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elmira Country Club Inc (EIN: 160421940) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Elmira Country Club Inc spend its money?
Elmira Country Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elmira Country Club Inc tax-deductible?
Elmira Country Club Inc is registered as a tax-exempt nonprofit (EIN: 160421940). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Elmira Country Club Inc. financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue, for example, a deficit of $339,172 in 2023 ($2,425,273 revenue vs. $2,764,445 expenses). This trend raises concerns about long-term financial sustainability without a clear strategy to reverse the deficits.
Why are liabilities consistently higher than assets?
In 2023, liabilities were $4,903,632 while assets were $3,871,666, indicating a negative net asset position. This suggests significant debt or other financial obligations that exceed the value of the organization's holdings, posing a risk to financial stability.
What is the primary purpose of Elmira Country Club Inc. as a nonprofit?
The NTEE code is listed as 'Unknown', which makes it difficult to ascertain the specific charitable or public benefit mission of the organization from the provided data. Further investigation into its IRS Form 990 Part III (Statement of Program Service Accomplishments) would be necessary.
How does the organization manage its declining asset base?
Assets have decreased from $5,394,981 in 2014 to $3,871,666 in 2023. This consistent decline, coupled with operating deficits, suggests the organization may be liquidating assets or experiencing depreciation without sufficient reinvestment or revenue generation.
Filing History
IRS 990 filing history for Elmira Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elmira Country Club Inc's revenue has declined by 10.9%, moving from $2.7M to $2.4M. Total assets decreased by 35.2% over the same period, from $6.0M to $3.9M. Total functional expenses rose by 2.1%, from $2.7M to $2.8M. In its most recent filing year (2023), Elmira Country Club Inc reported a deficit of $339K, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $3.9M in assets (debt-to-asset ratio: 126.7%), resulting in net assets of $-1,031,966.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.8M | $3.9M | $4.9M | — | — |
| 2022 | $2.7M | $2.7M | $4.2M | $4.9M | — | View 990 |
| 2021 | $2.2M | $2.3M | $4.4M | $5.0M | — | View 990 |
| 2020 | $1.7M | $1.8M | $4.2M | $4.8M | — | View 990 |
| 2019 | $2.3M | $2.3M | $4.4M | $4.8M | — | View 990 |
| 2018 | $2.5M | $2.5M | $4.5M | $4.9M | — | View 990 |
| 2017 | $2.7M | $2.6M | $4.9M | $5.3M | — | View 990 |
| 2016 | $2.7M | $2.8M | $5.0M | $5.5M | — | View 990 |
| 2015 | $2.8M | $2.7M | $5.2M | $5.6M | — | View 990 |
| 2014 | $2.7M | $2.8M | $5.4M | $5.9M | — | View 990 |
| 2013 | $2.9M | $2.8M | $5.7M | $6.2M | — | View 990 |
| 2012 | $3.0M | $2.8M | $5.8M | $6.3M | — | View 990 |
| 2011 | $2.7M | $2.7M | $6.0M | $6.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.8M, and assets of $3.9M (revenue -8.6% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.7M, and assets of $4.2M (revenue +21.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.3M, and assets of $4.4M (revenue +28.0% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.8M, and assets of $4.2M (revenue -25.7% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $4.4M (revenue -9.3% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.5M, and assets of $4.5M (revenue -4.6% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.6M, and assets of $4.9M (revenue -3.1% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.8M, and assets of $5.0M (revenue -1.0% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.7M, and assets of $5.2M (revenue +1.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.8M, and assets of $5.4M (revenue -4.9% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.8M, and assets of $5.7M (revenue -2.5% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.8M, and assets of $5.8M (revenue +8.9% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $6.0M.
Data Sources and Methodology
This transparency report for Elmira Country Club Inc 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.