Hals Lake Club Inc
Hals Lake Club Inc. consistently operates near break-even with no reported officer compensation.
EIN: 201105383 · Mobile, AL · NTEE: N61 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $386K |
| Total Expenses | $388K |
| Program Spending | 80% |
| Net Assets | $266K |
| Transparency Score | 85/100 |
Is Hals Lake Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hals Lake Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hals Lake Club Inc
Hals Lake Club Inc (EIN: 201105383) is a nonprofit organization based in Mobile, AL, classified under NTEE code N61. The organization reported total revenue of $386K and total assets of $393K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hals Lake Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hals Lake Club Inc is a small nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $375K |
| Total Expenses | $388K |
| Surplus / Deficit | $-12,681 |
| Total Assets | $372K |
| Total Liabilities | $106K |
| Net Assets | $266K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 28.4% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2024, Hals Lake Club Inc reported a deficit of $13K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 28.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Hals Lake Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +3.6% | +3.8% | +4.8% |
| 2023 | +23.4% | +16.8% | -2.0% |
| 2022 | -4.2% | +0.5% | -8.9% |
| 2021 | -13.8% | +2.3% | -4.2% |
| 2020 | +4.7% | +3.2% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hals Lake Club Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Hals Lake 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.4%.
Executive Compensation Analysis
Hals Lake Club Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a strong positive for financial efficiency.
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 Hals Lake Club Inc's IRS 990 filings:
- Consistent slight operational deficits in recent years (e.g., 202405, 202305, 202205) where expenses exceeded revenue.
Strengths
The following positive indicators were identified for Hals Lake Club Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient leadership costs.
- Long and consistent filing history (13 filings), suggesting a well-established and compliant organization.
- Stable asset base, providing a financial cushion for operations.
Frequently Asked Questions about Hals Lake Club Inc
Is Hals Lake Club Inc a legitimate charity?
Hals Lake Club Inc (EIN: 201105383) is a registered tax-exempt nonprofit based in Alabama. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $386K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Hals Lake Club Inc spend its money?
Hals Lake Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hals Lake Club Inc tax-deductible?
Hals Lake Club Inc is registered as a tax-exempt nonprofit (EIN: 201105383). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hals Lake Club Inc's spending goes to programs?
Hals Lake Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hals Lake Club Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Hals Lake Club Inc is above average for NTEE category N61 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hals Lake Club Inc located?
Hals Lake Club Inc is headquartered in Mobile, Alabama and files with the IRS under EIN 201105383. It is classified under NTEE code N61.
How many years of IRS 990 filings does Hals Lake Club Inc have?
Hals Lake 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 $386K in total revenue.
Is Hals Lake Club Inc. financially stable?
The organization shows consistent revenue and expense levels, often operating near break-even or with slight deficits. While assets are stable, consistent deficits could pose long-term sustainability questions if not managed. For example, in 202405, expenses ($388,164) exceeded revenue ($375,483).
How does Hals Lake Club Inc. manage its leadership costs?
Hals Lake Club Inc. reports 0% officer compensation in all available filings, suggesting a volunteer-driven leadership or that compensation is below IRS reporting thresholds, which is a positive indicator of low administrative overhead for leadership.
What is the trend in the organization's assets and liabilities?
Assets have been relatively stable, ranging from $342,944 (201505) to $415,190 (202005), with the latest at $372,137. Liabilities have fluctuated but remain manageable, with the latest at $105,708.
Filing History
IRS 990 filing history for Hals Lake Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Hals Lake Club Inc's revenue has grown by 20.2%, moving from $312K to $375K. Total assets increased by 9.2% over the same period, from $341K to $372K. Total functional expenses rose by 35.3%, from $287K to $388K. In its most recent filing year (2024), Hals Lake Club Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $106K in liabilities against $372K in assets (debt-to-asset ratio: 28.4%), resulting in net assets of $266K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $375K | $388K | $372K | $106K | — | — |
| 2023 | $362K | $374K | $355K | $76K | — | — |
| 2022 | $294K | $320K | $362K | $72K | — | View 990 |
| 2021 | $306K | $319K | $398K | $80K | — | — |
| 2020 | $355K | $311K | $415K | $86K | — | View 990 |
| 2019 | $339K | $302K | $372K | $87K | — | View 990 |
| 2018 | $291K | $298K | $359K | $111K | — | — |
| 2017 | $273K | $283K | $356K | $102K | — | View 990 |
| 2016 | $269K | $281K | $375K | $111K | — | View 990 |
| 2015 | $303K | $272K | $343K | $67K | — | View 990 |
| 2014 | $284K | $278K | $326K | $81K | — | View 990 |
| 2013 | $286K | $311K | $327K | $87K | — | View 990 |
| 2012 | $312K | $287K | $341K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $375K, expenses of $388K, and assets of $372K (revenue +3.6% year-over-year).
- 2023: Revenue of $362K, expenses of $374K, and assets of $355K (revenue +23.4% year-over-year).
- 2022: Revenue of $294K, expenses of $320K, and assets of $362K (revenue -4.2% year-over-year).
- 2021: Revenue of $306K, expenses of $319K, and assets of $398K (revenue -13.8% year-over-year).
- 2020: Revenue of $355K, expenses of $311K, and assets of $415K (revenue +4.7% year-over-year).
- 2019: Revenue of $339K, expenses of $302K, and assets of $372K (revenue +16.5% year-over-year).
- 2018: Revenue of $291K, expenses of $298K, and assets of $359K (revenue +6.7% year-over-year).
- 2017: Revenue of $273K, expenses of $283K, and assets of $356K (revenue +1.5% year-over-year).
- 2016: Revenue of $269K, expenses of $281K, and assets of $375K (revenue -11.0% year-over-year).
- 2015: Revenue of $303K, expenses of $272K, and assets of $343K (revenue +6.7% year-over-year).
- 2014: Revenue of $284K, expenses of $278K, and assets of $326K (revenue -0.7% year-over-year).
- 2013: Revenue of $286K, expenses of $311K, and assets of $327K (revenue -8.5% year-over-year).
- 2012: Revenue of $312K, expenses of $287K, and assets of $341K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hals Lake Club Inc:
Data Sources and Methodology
This transparency report for Hals Lake 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.