Greenwich Cardinals Youth Hockey Association
Greenwich Cardinals Youth Hockey Association: Declining Revenue and Negative Net Income Raise Concerns
EIN: 222659549 · Greenwich, CT · Updated: 2026-04-04
Is Greenwich Cardinals Youth Hockey Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greenwich Cardinals Youth Hockey Association directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Greenwich Cardinals Youth Hockey Association
Greenwich Cardinals Youth Hockey Association (EIN: 222659549) is a nonprofit organization based in Greenwich, CT. The organization reported total revenue of $208K and total assets of $83K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greenwich Cardinals Youth Hockey Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greenwich Cardinals Youth Hockey Association is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $316K |
| Surplus / Deficit | $-107,875 |
| Total Assets | $83K |
| Net Assets | $83K |
| Operating Margin | -51.8% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2023, Greenwich Cardinals Youth Hockey Association reported a deficit of $108K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Greenwich Cardinals Youth Hockey Association's revenue has declined at a compound annual growth rate (CAGR) of -4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +61.3% | -56.6% |
| 2022 | -39.9% | -14.7% | +7.2% |
| 2021 | +35.5% | -19.8% | +196.0% |
| 2020 | -5.3% | +41.2% | -33.2% |
| 2019 | -6.4% | -35.3% | +309.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Greenwich Cardinals Youth Hockey Association 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Greenwich Cardinals Youth Hockey Association allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $108K, with expenses exceeding revenue.
Executive Compensation Analysis
The filings indicate '0' for compensation to officers, directors, trustees, and key employees across all available years, suggesting either a fully volunteer-run organization or that compensation is reported under different categories, which warrants further investigation.
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 Greenwich Cardinals Youth Hockey Association's IRS 990 filings:
- Revenue has significantly declined from $519,174 in 2016 to $208,082 in 2023, a drop of over 60%.
- Expenses have consistently exceeded revenue in recent years, with a net loss of $107,875 in 2023 ($208,082 revenue vs. $315,957 expenses).
- Net assets have decreased substantially from $190,560 in 2022 to $82,685 in 2023, indicating a deteriorating financial position.
- The consistent reporting of $0 for executive compensation is unusual and could mask how leadership is compensated or indicate a lack of formal leadership compensation, which might impact sustainability.
Strengths
The following positive indicators were identified for Greenwich Cardinals Youth Hockey Association:
- The organization has maintained operations for several years despite financial challenges, indicating resilience and commitment to its mission.
- The consistent reporting of assets, even if declining, shows some financial infrastructure.
Frequently Asked Questions about Greenwich Cardinals Youth Hockey Association
Is Greenwich Cardinals Youth Hockey Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Greenwich Cardinals Youth Hockey Association (EIN: 222659549) some concerns. Mission Score: 65/100. 4 red flags identified, 2 strengths noted.
How does Greenwich Cardinals Youth Hockey Association spend its money?
Greenwich Cardinals Youth Hockey Association directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greenwich Cardinals Youth Hockey Association tax-deductible?
Greenwich Cardinals Youth Hockey Association is registered as a tax-exempt nonprofit (EIN: 222659549). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Greenwich Cardinals Youth Hockey Association do?
Greenwich Cardinals Youth Hockey Association is a nonprofit organization in the Unknown sector, located in Greenwich, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Greenwich Cardinals Youth Hockey Association have?
Greenwich Cardinals Youth Hockey Association reported total revenue of $208,082. Based on 13 IRS 990 filings on record.
What are Greenwich Cardinals Youth Hockey Association's total assets?
Greenwich Cardinals Youth Hockey Association holds total assets of $82,685 as reported in IRS 990 filings.
Where is Greenwich Cardinals Youth Hockey Association located?
Greenwich Cardinals Youth Hockey Association is based in Greenwich, Connecticut.
What is Greenwich Cardinals Youth Hockey Association's EIN?
Greenwich Cardinals Youth Hockey Association's Employer Identification Number (EIN) is 222659549. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Greenwich Cardinals Youth Hockey Association?
Greenwich Cardinals Youth Hockey Association is classified under NTEE code Unknown (Unknown).
Is Greenwich Cardinals Youth Hockey Association a registered 501(c)(3)?
Greenwich Cardinals Youth Hockey Association appears in IRS records (EIN: 222659549). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Greenwich Cardinals Youth Hockey Association file IRS Form 990?
Yes, Greenwich Cardinals Youth Hockey Association has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Greenwich Cardinals Youth Hockey Association's revenue in 2023?
In the 202306 filing period, Greenwich Cardinals Youth Hockey Association reported total revenue of $208,082, total expenses of $315,957, and net assets of $82,685.
Is Greenwich Cardinals Youth Hockey Association's revenue growing or declining?
Greenwich Cardinals Youth Hockey Association's revenue is relatively stable. Revenue went from $208,682 (202206) to $208,082 (202306), a -0.3% change. Based on 13 filings on record.
What is Greenwich Cardinals Youth Hockey Association's most recent 990 filing?
The most recent IRS Form 990 filing for Greenwich Cardinals Youth Hockey Association covers tax period 202306. It shows revenue of $208,082, expenses of $315,957, total assets of $82,685, and liabilities of N/A.
How much does Greenwich Cardinals Youth Hockey Association spend on programs vs administration?
Based on IRS 990 analysis, Greenwich Cardinals Youth Hockey Association allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Greenwich Cardinals Youth Hockey Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Greenwich Cardinals Youth Hockey Association shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Greenwich Cardinals Youth Hockey Association?
The following concerns were identified: Revenue has significantly declined from $519,174 in 2016 to $208,082 in 2023, a drop of over 60%.. Expenses have consistently exceeded revenue in recent years, with a net loss of $107,875 in 2023 ($208,082 revenue vs. $315,957 expenses).. Net assets have decreased substantially from $190,560 in 2022 to $82,685 in 2023, indicating a deteriorating financial position.. The consistent reporting of $0 for executive compensation is unusual and could mask how leadership is compensated or indicate a lack of formal leadership compensation, which might impact sustainability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Greenwich Cardinals Youth Hockey Association's strengths?
Positive indicators for Greenwich Cardinals Youth Hockey Association include: The organization has maintained operations for several years despite financial challenges, indicating resilience and commitment to its mission.. The consistent reporting of assets, even if declining, shows some financial infrastructure.. These findings are derived from AI analysis of the organization's financial filings.
How does Greenwich Cardinals Youth Hockey Association compensate executives?
The filings indicate '0' for compensation to officers, directors, trustees, and key employees across all available years, suggesting either a fully volunteer-run organization or that compensation is reported under different categories, which warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 for executive compensation, how does the organization ensure leadership and operational continuity, and what are the potential long-term implications of this compensation structure?
The absence of reported executive compensation suggests a reliance on volunteer leadership or that compensation is categorized differently. While this can reduce overhead, it raises questions about the sustainability of leadership commitment and the ability to attract professional management if needed, especially with declining revenues.
What specific strategies are being implemented to reverse the trend of declining revenue and increasing net losses, particularly given the significant drop from $519,174 in 2016 to $208,082 in 2023?
The data indicates a substantial and continuous decline in revenue. Without specific program or fundraising details, it's unclear what measures are being taken to address this. A sustained decline of this magnitude, coupled with expenses exceeding revenue, points to a critical need for strategic financial planning and potentially new fundraising initiatives or program restructuring.
Filing History
IRS 990 filing history for Greenwich Cardinals Youth Hockey Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greenwich Cardinals Youth Hockey Association's revenue has declined by 44%, moving from $372K to $208K. Total assets increased by 24.7% over the same period, from $66K to $83K. Total functional expenses fell by 21.2%, from $401K to $316K. In its most recent filing year (2023), Greenwich Cardinals Youth Hockey Association reported a deficit of $108K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $316K | $83K | $0 | — | — |
| 2022 | $209K | $196K | $191K | $0 | — | View 990 |
| 2021 | $347K | $230K | $178K | $0 | — | View 990 |
| 2020 | $256K | $286K | $60K | $0 | — | View 990 |
| 2019 | $271K | $203K | $90K | $0 | — | View 990 |
| 2018 | $289K | $313K | $22K | $0 | — | View 990 |
| 2017 | $453K | $415K | $46K | $0 | — | View 990 |
| 2016 | $519K | $570K | $8K | $0 | — | View 990 |
| 2015 | $476K | $530K | $59K | $0 | — | View 990 |
| 2014 | $558K | $500K | $113K | $0 | — | View 990 |
| 2013 | $382K | $381K | $69K | $0 | — | View 990 |
| 2012 | $458K | $457K | $67K | $0 | — | View 990 |
| 2011 | $372K | $401K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $316K, and assets of $83K (revenue -0.3% year-over-year).
- 2022: Revenue of $209K, expenses of $196K, and assets of $191K (revenue -39.9% year-over-year).
- 2021: Revenue of $347K, expenses of $230K, and assets of $178K (revenue +35.5% year-over-year).
- 2020: Revenue of $256K, expenses of $286K, and assets of $60K (revenue -5.3% year-over-year).
- 2019: Revenue of $271K, expenses of $203K, and assets of $90K (revenue -6.4% year-over-year).
- 2018: Revenue of $289K, expenses of $313K, and assets of $22K (revenue -36.2% year-over-year).
- 2017: Revenue of $453K, expenses of $415K, and assets of $46K (revenue -12.7% year-over-year).
- 2016: Revenue of $519K, expenses of $570K, and assets of $8K (revenue +9.1% year-over-year).
- 2015: Revenue of $476K, expenses of $530K, and assets of $59K (revenue -14.8% year-over-year).
- 2014: Revenue of $558K, expenses of $500K, and assets of $113K (revenue +46.0% year-over-year).
- 2013: Revenue of $382K, expenses of $381K, and assets of $69K (revenue -16.5% year-over-year).
- 2012: Revenue of $458K, expenses of $457K, and assets of $67K (revenue +23.3% year-over-year).
- 2011: Revenue of $372K, expenses of $401K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greenwich Cardinals Youth Hockey Association:
Data Sources and Methodology
This transparency report for Greenwich Cardinals Youth Hockey Association 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.