Ford Yacht Club Inc
EIN: 381686906 · Grosse Ile, MI
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $915K |
| Net Assets | $5.5M |
Is Ford Yacht Club Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ford Yacht Club Inc
Ford Yacht Club Inc (EIN: 381686906) is a nonprofit organization based in Grosse Ile, MI. The organization reported total revenue of $2.7M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ford Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ford Yacht Club Inc is a mid-size nonprofit that has been operating for 77 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.0M |
| Total Expenses | $915K |
| Surplus / Deficit | +$114K |
| Total Assets | $7.3M |
| Total Liabilities | $1.8M |
| Net Assets | $5.5M |
| Operating Margin | 11.1% |
| Debt-to-Asset Ratio | 25.0% |
| Months of Reserves | 95.4 months |
Financial Health Grade: A
In 2023, Ford Yacht Club Inc reported a surplus of $114K with revenue exceeding expenses, holds 95.4 months of operating reserves (strong position), has a debt-to-asset ratio of 25.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ford Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.6% | -14.3% | +20.3% |
| 2022 | +21.4% | +15.5% | -15.0% |
| 2021 | +2.4% | +15.9% | +15.8% |
| 2020 | +21.2% | +19.0% | +6.8% |
| 2019 | +4.1% | +14.6% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1949 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ford Yacht Club Inc 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 Ford Yacht Club Inc 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 surplus of $114K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.0%.
Frequently Asked Questions about Ford Yacht Club Inc
Is Ford Yacht Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ford Yacht Club Inc (EIN: 381686906) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ford Yacht Club Inc spend its money?
Detailed spending breakdown data is not yet available for Ford Yacht Club Inc. Check back for updated IRS 990 analysis.
Are donations to Ford Yacht Club Inc tax-deductible?
Ford Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 381686906). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ford Yacht Club Inc located?
Ford Yacht Club Inc is headquartered in Grosse Ile, Michigan and files with the IRS under EIN 381686906.
How many years of IRS 990 filings does Ford Yacht Club Inc have?
Ford Yacht Club Inc 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 $2.7M in total revenue.
Filing History
IRS 990 filing history for Ford Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ford Yacht Club Inc's revenue has grown by 15.8%, moving from $889K to $1.0M. Total assets increased by 57.6% over the same period, from $4.6M to $7.3M. Total functional expenses rose by 33.2%, from $687K to $915K. In its most recent filing year (2023), Ford Yacht Club Inc reported a surplus of $114K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $7.3M in assets (debt-to-asset ratio: 25.0%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.0M | $915K | $7.3M | $1.8M | — | View 990 |
| 2022 | $1.2M | $1.1M | $6.0M | $1.1M | — | — |
| 2021 | $981K | $924K | $7.1M | $1.6M | — | View 990 |
| 2020 | $958K | $797K | $6.1M | $664K | — | — |
| 2019 | $791K | $670K | $5.8M | $436K | — | View 990 |
| 2018 | $759K | $584K | $5.7M | $462K | — | View 990 |
| 2017 | $910K | $627K | $5.6M | $566K | — | View 990 |
| 2016 | $1.1M | $1.0M | $5.6M | $661K | — | View 990 |
| 2015 | $1.0M | $985K | $5.6M | $779K | — | View 990 |
| 2014 | $999K | $843K | $5.6M | $843K | — | View 990 |
| 2013 | $888K | $800K | $5.6M | $927K | — | View 990 |
| 2012 | $981K | $725K | $4.7M | $230K | — | View 990 |
| 2011 | $889K | $687K | $4.6M | $359K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.0M, expenses of $915K, and assets of $7.3M (revenue -13.6% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $6.0M (revenue +21.4% year-over-year).
- 2021: Revenue of $981K, expenses of $924K, and assets of $7.1M (revenue +2.4% year-over-year).
- 2020: Revenue of $958K, expenses of $797K, and assets of $6.1M (revenue +21.2% year-over-year).
- 2019: Revenue of $791K, expenses of $670K, and assets of $5.8M (revenue +4.1% year-over-year).
- 2018: Revenue of $759K, expenses of $584K, and assets of $5.7M (revenue -16.6% year-over-year).
- 2017: Revenue of $910K, expenses of $627K, and assets of $5.6M (revenue -20.3% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.0M, and assets of $5.6M (revenue +11.2% year-over-year).
- 2015: Revenue of $1.0M, expenses of $985K, and assets of $5.6M (revenue +2.8% year-over-year).
- 2014: Revenue of $999K, expenses of $843K, and assets of $5.6M (revenue +12.5% year-over-year).
- 2013: Revenue of $888K, expenses of $800K, and assets of $5.6M (revenue -9.5% year-over-year).
- 2012: Revenue of $981K, expenses of $725K, and assets of $4.7M (revenue +10.4% year-over-year).
- 2011: Revenue of $889K, expenses of $687K, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ford Yacht Club Inc:
Data Sources and Methodology
This transparency report for Ford Yacht 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.