Glen Rock Athletic Club Corp

Glen Rock Athletic Club Corp shows consistent revenue growth and zero reported officer compensation.

EIN: 220942777 · Glen Rock, NJ · NTEE: N50 · Updated: 2026-03-28

$347KRevenue

$287KAssets

85/100Mission Score (Excellent)

N50

About Glen Rock Athletic Club Corp

Glen Rock Athletic Club Corp (EIN: 220942777) is a nonprofit organization based in Glen Rock, NJ, classified under NTEE code N50. The organization reported total revenue of $347K and total assets of $287K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Glen Rock Athletic Club Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Glen Rock Athletic Club Corp demonstrates consistent financial growth and appears to be in a healthy financial position. Over the past four years, revenue has steadily increased from $113,193 in 2020 to $402,618 in 2023, indicating growing community support or program expansion. The organization consistently maintains a positive net asset position, growing from $196,115 in 2020 to $287,304 in 2023, suggesting sound financial management and an ability to build reserves. Their liabilities have also decreased significantly from $198,123 in 2020 to $63,865 in 2023, further strengthening their balance sheet.

The organization's spending efficiency is commendable, with expenses consistently below revenue, allowing for asset growth. For instance, in 2023, expenses were $350,207 against revenues of $402,618. A key indicator of their commitment to mission is the reported 0% officer compensation across all filings, which suggests that leadership is either volunteer-based or compensated through other means not classified as officer compensation, potentially indicating a high proportion of resources directed towards programs. However, without a detailed functional expense breakdown (program, administrative, fundraising), a precise assessment of spending efficiency is limited. The NTEE code N50 (Recreational, Sports, Leisure, & Athletics) aligns well with their name and likely activities.

In terms of transparency, the consistent filing of IRS Form 990s is a positive sign. The absence of reported officer compensation is a strong indicator of a lean operational structure. However, the lack of detailed functional expense breakdowns in the provided data makes it difficult to fully assess the proportion of spending dedicated directly to programs versus administrative or fundraising costs. While the overall financial health appears robust, more granular expense data would enhance transparency and allow for a more precise evaluation of program efficiency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Glen Rock Athletic Club Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Glen Rock Athletic Club Corp allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all four filings, suggesting that executive leadership is either entirely volunteer-based or compensated in a manner not categorized as officer compensation, which is a strong indicator of resources being directed towards the mission rather than high salaries.

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 Rock Athletic Club Corp's IRS 990 filings:

Lack of detailed functional expense breakdown in provided data, limiting precise program efficiency assessment.

Strengths

The following positive indicators were identified for Glen Rock Athletic Club Corp:

Consistent revenue growth from $113,193 in 2020 to $402,618 in 2023.
Zero reported officer compensation across all filings, indicating high mission focus.
Healthy and growing net asset position, increasing from $196,115 in 2020 to $287,304 in 2023.
Significant reduction in liabilities from $198,123 in 2020 to $63,865 in 2023.
Expenses consistently below revenue, allowing for asset accumulation.

Frequently Asked Questions about Glen Rock Athletic Club Corp

Is Glen Rock Athletic Club Corp financially stable?

Yes, the organization appears financially stable, demonstrating consistent revenue growth from $113,193 in 2020 to $402,618 in 2023, and a healthy increase in net assets from $196,115 to $287,304 over the same period, while significantly reducing liabilities.

How much does Glen Rock Athletic Club Corp spend on executive salaries?

Based on the provided IRS 990 data, Glen Rock Athletic Club Corp reports 0% officer compensation for all four filing periods, indicating no salaries were paid to officers or key employees in those years.

Has Glen Rock Athletic Club Corp's revenue been growing?

Yes, Glen Rock Athletic Club Corp has shown consistent revenue growth, increasing from $113,193 in 2020 to $402,618 in 2023.

Filing History

IRS 990 filing history for Glen Rock Athletic Club Corp showing financial trends over 4 years of public records:

Over 4 years of IRS 990 filings (2020–2023), Glen Rock Athletic Club Corp's revenue has grown by 255.7%, moving from $113K to $403K. Total assets increased by 46.5% over the same period, from $196K to $287K. Total functional expenses rose by 204%, from $115K to $350K. In its most recent filing year (2023), Glen Rock Athletic Club Corp reported a surplus of $52K, with revenue exceeding expenses. The organization holds $64K in liabilities against $287K in assets (debt-to-asset ratio: 22.2%), resulting in net assets of $223K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$403K	$350K	$287K	$64K	—	View 990
2022	$372K	$320K	$244K	$65K	—	View 990
2021	$356K	$270K	$222K	$96K	—	—
2020	$113K	$115K	$196K	$198K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $403K, expenses of $350K, and assets of $287K (revenue +8.3% year-over-year).
2022: Revenue of $372K, expenses of $320K, and assets of $244K (revenue +4.4% year-over-year).
2021: Revenue of $356K, expenses of $270K, and assets of $222K (revenue +214.8% year-over-year).
2020: Revenue of $113K, expenses of $115K, and assets of $196K.

Data Sources and Methodology

This transparency report for Glen Rock Athletic Club Corp 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.