Glen Oaks Club Inc
Glen Oaks Club Inc reports zero officer compensation despite significant revenue, with recent substantial operating deficits and increasing liabilities.
EIN: 110804490 · Old Westbury, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $27.7M |
| Total Expenses | $33.1M |
| Program Spending | 80% |
| Net Assets | $-2,533,811 |
| Transparency Score | 40/100 |
Is Glen Oaks Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glen Oaks Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glen Oaks Club Inc
Glen Oaks Club Inc (EIN: 110804490) is a nonprofit organization based in Old Westbury, NY. The organization reported total revenue of $27.7M and total assets of $17.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen Oaks Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glen Oaks Club Inc is a large nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.8M |
| Total Expenses | $33.1M |
| Surplus / Deficit | $-9,260,428 |
| Total Assets | $17.5M |
| Total Liabilities | $20.0M |
| Net Assets | $-2,533,811 |
| Operating Margin | -38.9% |
| Debt-to-Asset Ratio | 114.5% |
| Months of Reserves | 6.4 months |
Financial Health Grade: C
In 2023, Glen Oaks Club Inc reported a deficit of $9.3M with expenses exceeding revenue, holds 6.4 months of operating reserves (strong position), has a debt-to-asset ratio of 114.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glen Oaks Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +56.7% | +4.4% |
| 2022 | +9.5% | +8.4% | +21.7% |
| 2021 | +32.1% | +31.1% | +6.3% |
| 2020 | -13.2% | -20.2% | -0.3% |
| 2019 | +4.0% | +13.5% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
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 Glen Oaks Club Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Glen Oaks 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $9.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 114.5%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual revenues in the tens of millions, suggesting that executive compensation may be structured in a way that is not reported under 'officer compensation' on the Form 990, or that the organization is managed by volunteers, which is less likely given its scale.
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 Glen Oaks Club Inc's IRS 990 filings:
- Consistent zero officer compensation despite large revenues, suggesting potential lack of transparency in executive remuneration.
- Significant operating deficit in 2023 ($9,260,428) where expenses ($33,052,196) far exceeded revenue ($23,791,768).
- Rapid increase in liabilities, reaching $20,029,531 in 2023, which is a substantial debt burden relative to assets.
- Unknown NTEE code, making it difficult to assess its charitable purpose or compare its financial performance to similar organizations.
- History of expenses exceeding revenue in multiple years (e.g., 2019, 2016, 2015, 2014, 2023), indicating potential financial instability or reliance on non-operating income/reserves.
Strengths
The following positive indicators were identified for Glen Oaks Club Inc:
- Consistent revenue generation, generally increasing over the past decade from $14.2 million in 2014 to $23.7 million in 2023.
- Growth in assets over the long term, from $11.8 million in 2014 to $17.4 million in 2023, indicating some capacity building.
Frequently Asked Questions about Glen Oaks Club Inc
Is Glen Oaks Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Glen Oaks Club Inc (EIN: 110804490) significant concerns. Mission Score: 40/100. 5 red flags identified, 2 strengths noted.
How does Glen Oaks Club Inc spend its money?
Glen Oaks Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Glen Oaks Club Inc tax-deductible?
Glen Oaks Club Inc is registered as a tax-exempt nonprofit (EIN: 110804490). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Glen Oaks Club Inc's spending goes to programs?
Glen Oaks Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Glen Oaks Club Inc located?
Glen Oaks Club Inc is headquartered in Old Westbury, New York and files with the IRS under EIN 110804490.
How many years of IRS 990 filings does Glen Oaks Club Inc have?
Glen Oaks 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 $27.7M in total revenue.
Why does Glen Oaks Club Inc consistently report zero officer compensation?
The IRS 990 filings for Glen Oaks Club Inc consistently show 0% officer compensation. This could indicate that leadership is compensated through other means not classified as 'officer compensation' on the 990, or that the organization is primarily volunteer-led at the executive level, which is uncommon for an entity of its financial size.
What caused the significant deficit in 2023, where expenses exceeded revenue by over $9 million?
In 2023, Glen Oaks Club Inc reported expenses of $33,052,196 against revenues of $23,791,768, resulting in a deficit of $9,260,428. This substantial deficit, along with a significant increase in liabilities to $20,029,531, suggests a major financial event or operational change that warrants further investigation into the specific nature of these expenses.
How does Glen Oaks Club Inc manage its liabilities, which have increased significantly to over $20 million in 2023?
The organization's liabilities have grown from $3,277,970 in 2014 to $20,029,531 in 2023, with a sharp increase in the latest filing period. This substantial debt load, especially in conjunction with a significant operating deficit, raises questions about the organization's long-term financial stability and debt management strategies.
What is the primary purpose or 'program service' of Glen Oaks Club Inc, given its unknown NTEE code?
Without an NTEE code, the specific programmatic focus of Glen Oaks Club Inc is unclear. Given its name and location, it likely operates as a private social or recreational club, which would explain the revenue and expense patterns but also raises questions about its classification as a 'nonprofit' in the traditional charitable sense.
Filing History
IRS 990 filing history for Glen Oaks Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glen Oaks Club Inc's revenue has grown by 79.9%, moving from $13.2M to $23.8M. Total assets increased by 51.8% over the same period, from $11.5M to $17.5M. Total functional expenses rose by 171.1%, from $12.2M to $33.1M. In its most recent filing year (2023), Glen Oaks Club Inc reported a deficit of $9.3M, with expenses exceeding revenue. The organization holds $20.0M in liabilities against $17.5M in assets (debt-to-asset ratio: 114.5%), resulting in net assets of $-2,533,811.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.8M | $33.1M | $17.5M | $20.0M | — | — |
| 2022 | $22.0M | $21.1M | $16.8M | $10.0M | — | View 990 |
| 2021 | $20.1M | $19.5M | $13.8M | $7.9M | — | View 990 |
| 2020 | $15.2M | $14.8M | $13.0M | $7.7M | — | View 990 |
| 2019 | $17.5M | $18.6M | $13.0M | $8.1M | — | — |
| 2018 | $16.8M | $16.4M | $12.4M | $6.5M | — | View 990 |
| 2017 | $16.8M | $16.0M | $11.3M | $5.8M | — | View 990 |
| 2016 | $14.2M | $16.9M | $11.4M | $6.6M | — | View 990 |
| 2015 | $13.6M | $14.7M | $12.6M | $5.2M | — | View 990 |
| 2014 | $14.2M | $14.6M | $11.9M | $3.3M | — | View 990 |
| 2013 | $17.0M | $15.2M | $13.0M | $4.0M | — | View 990 |
| 2012 | $13.9M | $13.7M | $11.8M | $4.6M | — | View 990 |
| 2011 | $13.2M | $12.2M | $11.5M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.8M, expenses of $33.1M, and assets of $17.5M (revenue +8.3% year-over-year).
- 2022: Revenue of $22.0M, expenses of $21.1M, and assets of $16.8M (revenue +9.5% year-over-year).
- 2021: Revenue of $20.1M, expenses of $19.5M, and assets of $13.8M (revenue +32.1% year-over-year).
- 2020: Revenue of $15.2M, expenses of $14.8M, and assets of $13.0M (revenue -13.2% year-over-year).
- 2019: Revenue of $17.5M, expenses of $18.6M, and assets of $13.0M (revenue +4.0% year-over-year).
- 2018: Revenue of $16.8M, expenses of $16.4M, and assets of $12.4M (revenue +0.2% year-over-year).
- 2017: Revenue of $16.8M, expenses of $16.0M, and assets of $11.3M (revenue +18.5% year-over-year).
- 2016: Revenue of $14.2M, expenses of $16.9M, and assets of $11.4M (revenue +4.5% year-over-year).
- 2015: Revenue of $13.6M, expenses of $14.7M, and assets of $12.6M (revenue -4.7% year-over-year).
- 2014: Revenue of $14.2M, expenses of $14.6M, and assets of $11.9M (revenue -16.5% year-over-year).
- 2013: Revenue of $17.0M, expenses of $15.2M, and assets of $13.0M (revenue +22.7% year-over-year).
- 2012: Revenue of $13.9M, expenses of $13.7M, and assets of $11.8M (revenue +5.0% year-over-year).
- 2011: Revenue of $13.2M, expenses of $12.2M, and assets of $11.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glen Oaks Club Inc:
Data Sources and Methodology
This transparency report for Glen Oaks 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.