Glen Ridge Country Club
Glen Ridge Country Club shows revenue growth but carries substantial liabilities exceeding assets.
EIN: 220942740 · Glen Ridge, NJ · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $14.2M |
| Total Expenses | $12.0M |
| Program Spending | 90% |
| Net Assets | $-6,914,083 |
| Transparency Score | 65/100 |
Is Glen Ridge Country Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Glen Ridge Country Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Glen Ridge Country Club
Glen Ridge Country Club (EIN: 220942740) is a nonprofit organization based in Glen Ridge, NJ, classified under NTEE code N50. The organization reported total revenue of $14.2M and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen Ridge Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Glen Ridge Country Club is a large nonprofit that has been operating for 100 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.5M |
| Total Expenses | $12.0M |
| Surplus / Deficit | $-456,779 |
| Total Assets | $6.8M |
| Total Liabilities | $13.7M |
| Net Assets | $-6,914,083 |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 202.3% |
| Months of Reserves | 6.8 months |
Financial Health Grade: C
In 2023, Glen Ridge Country Club reported a deficit of $457K with expenses exceeding revenue, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 202.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Glen Ridge Country Club's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.8% | +26.2% | +56.7% |
| 2022 | +39.5% | +37.1% | +35.3% |
| 2021 | -16.4% | -21.2% | +24.8% |
| 2020 | +3.1% | +1.9% | +4.2% |
| 2019 | +4.7% | -11.9% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1926 |
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 Ridge Country Club with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Glen Ridge Country Club allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $457K, with expenses exceeding revenue.
- Debt-to-asset ratio: 202.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership is either uncompensated, volunteer-based, or compensated through mechanisms not categorized as 'officer compensation' on the 990 form. This could indicate high efficiency in leadership costs or a need for further transparency regarding total executive remuneration.
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 Ridge Country Club's IRS 990 filings:
- Consistent high liabilities relative to assets, with liabilities reaching $13.6 million against $6.7 million in assets in 2023.
- Expenses exceeding revenue in several periods (e.g., 2023, 2018, 2017, 2016, 2014), indicating potential operational deficits.
Strengths
The following positive indicators were identified for Glen Ridge Country Club:
- Significant revenue growth over the past decade, from $6.6 million in 2014 to $11.5 million in 2023.
- Consistent reporting of 0% officer compensation, potentially indicating efficient leadership cost management.
- Positive net income in most recent periods (e.g., 2022, 2021, 2020, 2019, 2015), demonstrating operational profitability in those years.
Frequently Asked Questions about Glen Ridge Country Club
Is Glen Ridge Country Club a legitimate charity?
Glen Ridge Country Club (EIN: 220942740) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.2M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Glen Ridge Country Club spend its money?
Glen Ridge Country Club directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Glen Ridge Country Club tax-deductible?
Glen Ridge Country Club is registered as a tax-exempt nonprofit (EIN: 220942740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Glen Ridge Country Club's spending goes to programs?
Glen Ridge Country Club directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Glen Ridge Country Club compare to similar nonprofits?
With a transparency score of 65/100 (Good), Glen Ridge Country Club is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Glen Ridge Country Club located?
Glen Ridge Country Club is headquartered in Glen Ridge, New Jersey and files with the IRS under EIN 220942740. It is classified under NTEE code N50.
How many years of IRS 990 filings does Glen Ridge Country Club have?
Glen Ridge Country Club 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 $14.2M in total revenue.
What is the nature of Glen Ridge Country Club's significant liabilities, which consistently exceed its assets?
The filings show liabilities ranging from $2.2 million in 2015 to $13.6 million in 2023, consistently higher than assets. Understanding if these are long-term debts for property, capital improvements, or other obligations is crucial for assessing financial risk.
How does Glen Ridge Country Club manage its executive compensation, given the reported 0% officer compensation?
The consistent 0% officer compensation across all filings raises questions about how the organization's leadership is compensated, if at all, and whether this reflects a volunteer-led model or if compensation is reported under different categories.
What is the primary source of the organization's revenue growth from $6.6 million in 2014 to $11.5 million in 2023?
Understanding whether this growth is driven by increased membership, higher fees, or other revenue streams would provide insight into the club's operational success and sustainability.
Filing History
IRS 990 filing history for Glen Ridge Country Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Glen Ridge Country Club's revenue has grown by 95.1%, moving from $5.9M to $11.5M. Total assets increased by 299.3% over the same period, from $1.7M to $6.8M. Total functional expenses rose by 123.5%, from $5.4M to $12.0M. In its most recent filing year (2023), Glen Ridge Country Club reported a deficit of $457K, with expenses exceeding revenue. The organization holds $13.7M in liabilities against $6.8M in assets (debt-to-asset ratio: 202.3%), resulting in net assets of $-6,914,083.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.5M | $12.0M | $6.8M | $13.7M | — | View 990 |
| 2022 | $11.2M | $9.5M | $4.3M | $10.8M | — | View 990 |
| 2021 | $8.0M | $6.9M | $3.2M | $11.4M | — | View 990 |
| 2020 | $9.6M | $8.8M | $2.6M | $11.8M | — | — |
| 2019 | $9.3M | $8.6M | $2.5M | $12.5M | — | View 990 |
| 2018 | $8.9M | $9.8M | $2.2M | $12.9M | — | View 990 |
| 2017 | $6.9M | $14.9M | $2.0M | $11.9M | — | View 990 |
| 2016 | $6.9M | $8.1M | $2.4M | $4.1M | — | View 990 |
| 2015 | $6.8M | $6.4M | $1.8M | $2.3M | — | View 990 |
| 2014 | $6.6M | $6.8M | $1.9M | $2.7M | — | View 990 |
| 2013 | $6.3M | $8.0M | $2.0M | $2.6M | — | View 990 |
| 2012 | $5.7M | $5.6M | $2.1M | $974K | — | View 990 |
| 2011 | $5.9M | $5.4M | $1.7M | $589K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.5M, expenses of $12.0M, and assets of $6.8M (revenue +2.8% year-over-year).
- 2022: Revenue of $11.2M, expenses of $9.5M, and assets of $4.3M (revenue +39.5% year-over-year).
- 2021: Revenue of $8.0M, expenses of $6.9M, and assets of $3.2M (revenue -16.4% year-over-year).
- 2020: Revenue of $9.6M, expenses of $8.8M, and assets of $2.6M (revenue +3.1% year-over-year).
- 2019: Revenue of $9.3M, expenses of $8.6M, and assets of $2.5M (revenue +4.7% year-over-year).
- 2018: Revenue of $8.9M, expenses of $9.8M, and assets of $2.2M (revenue +29.6% year-over-year).
- 2017: Revenue of $6.9M, expenses of $14.9M, and assets of $2.0M (revenue -0.8% year-over-year).
- 2016: Revenue of $6.9M, expenses of $8.1M, and assets of $2.4M (revenue +1.5% year-over-year).
- 2015: Revenue of $6.8M, expenses of $6.4M, and assets of $1.8M (revenue +3.2% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.8M, and assets of $1.9M (revenue +4.7% year-over-year).
- 2013: Revenue of $6.3M, expenses of $8.0M, and assets of $2.0M (revenue +10.5% year-over-year).
- 2012: Revenue of $5.7M, expenses of $5.6M, and assets of $2.1M (revenue -3.2% year-over-year).
- 2011: Revenue of $5.9M, expenses of $5.4M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Glen Ridge Country Club:
Data Sources and Methodology
This transparency report for Glen Ridge 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.