Harrison Lake Dining And Golf Club Inc
Harrison Lake Dining And Golf Club Inc. consistently operates at a deficit with growing liabilities.
EIN: 202728394 · Columbus, IN · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $3.4M |
| Program Spending | 80% |
| Net Assets | $-6,694,832 |
| Transparency Score | 40/100 |
Is Harrison Lake Dining And Golf Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Harrison Lake Dining And Golf Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Harrison Lake Dining And Golf Club Inc
Harrison Lake Dining And Golf Club Inc (EIN: 202728394) is a nonprofit organization based in Columbus, IN, classified under NTEE code N50. The organization reported total revenue of $3.6M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Harrison Lake Dining And Golf Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Harrison Lake Dining And Golf Club Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-597,844 |
| Total Assets | $1.3M |
| Total Liabilities | $8.0M |
| Net Assets | $-6,694,832 |
| Operating Margin | -21.6% |
| Debt-to-Asset Ratio | 604.4% |
| Months of Reserves | 4.7 months |
Financial Health Grade: C
In 2023, Harrison Lake Dining And Golf Club Inc reported a deficit of $598K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 604.4% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Harrison Lake Dining And Golf Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.1% | +10.3% | +234.7% |
| 2022 | +15.0% | +19.2% | +0.3% |
| 2021 | -11.3% | +15.6% | -15.8% |
| 2020 | +25.1% | +1.5% | +30.7% |
| 2019 | +3.2% | +1.3% | -8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Harrison Lake Dining And Golf 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, Harrison Lake Dining And Golf 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 $598K, with expenses exceeding revenue.
- Debt-to-asset ratio: 604.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is a strong positive for transparency and resource allocation.
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 Harrison Lake Dining And Golf Club Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in most reported periods (e.g., $597,844 deficit in 2023).
- Substantial and rapidly growing liabilities, reaching $8,022,215 in 2023, significantly outweighing assets.
- High liabilities-to-assets ratio, indicating a potentially precarious financial position.
Strengths
The following positive indicators were identified for Harrison Lake Dining And Golf Club Inc:
- Consistent reporting of 0% officer compensation, indicating no executive pay.
- Revenue has shown an upward trend over the past decade, from $942,429 in 2014 to $2,768,261 in 2023.
- Assets have shown recent growth, from $396,563 in 2022 to $1,327,383 in 2023.
Frequently Asked Questions about Harrison Lake Dining And Golf Club Inc
Is Harrison Lake Dining And Golf Club Inc a legitimate charity?
Harrison Lake Dining And Golf Club Inc (EIN: 202728394) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 40/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.6M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does Harrison Lake Dining And Golf Club Inc spend its money?
Harrison Lake Dining And Golf Club Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Harrison Lake Dining And Golf Club Inc tax-deductible?
Harrison Lake Dining And Golf Club Inc is registered as a tax-exempt nonprofit (EIN: 202728394). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Harrison Lake Dining And Golf Club Inc's spending goes to programs?
Harrison Lake Dining And Golf Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Harrison Lake Dining And Golf Club Inc compare to similar nonprofits?
With a transparency score of 40/100 (Fair), Harrison Lake Dining And Golf Club Inc is near average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Harrison Lake Dining And Golf Club Inc located?
Harrison Lake Dining And Golf Club Inc is headquartered in Columbus, Indiana and files with the IRS under EIN 202728394. It is classified under NTEE code N50.
How many years of IRS 990 filings does Harrison Lake Dining And Golf Club Inc have?
Harrison Lake Dining And Golf Club Inc has 14 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 $3.6M in total revenue.
What is the primary source of the organization's substantial and growing liabilities?
The filings indicate liabilities of $8,022,215 in 2023, up from $6,493,551 in 2022. Understanding the nature of these liabilities (e.g., mortgages, loans, deferred revenue) is crucial for assessing financial risk.
How does the organization plan to address its consistent operational deficits?
With expenses exceeding revenue in most recent years (e.g., a $597,844 deficit in 2023), the long-term sustainability of the club's operations is questionable without a clear strategy to balance its budget.
What is the breakdown of the organization's expenses into functional categories (program, administrative, fundraising)?
Without this detailed breakdown, it's difficult to assess how efficiently the club is spending its resources, especially given its social club nature where 'program' activities are member services.
Filing History
IRS 990 filing history for Harrison Lake Dining And Golf Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Harrison Lake Dining And Golf Club Inc's revenue has grown by 207.2%, moving from $901K to $2.8M. Total assets increased by 408.4% over the same period, from $261K to $1.3M. Total functional expenses rose by 177.4%, from $1.2M to $3.4M. In its most recent filing year (2023), Harrison Lake Dining And Golf Club Inc reported a deficit of $598K, with expenses exceeding revenue. The organization holds $8.0M in liabilities against $1.3M in assets (debt-to-asset ratio: 604.4%), resulting in net assets of $-6,694,832.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.4M | $1.3M | $8.0M | — | View 990 |
| 2022 | $2.3M | $3.1M | $397K | $6.5M | — | View 990 |
| 2021 | $2.0M | $2.6M | $395K | $5.8M | — | View 990 |
| 2020 | $2.3M | $2.2M | $470K | $5.3M | — | — |
| 2019 | $1.8M | $2.2M | $359K | $5.2M | — | View 990 |
| 2018 | $1.8M | $2.2M | $393K | $4.9M | — | View 990 |
| 2017 | $1.6M | $2.0M | $406K | $4.5M | — | View 990 |
| 2016 | $1.4M | $1.8M | $394K | $4.0M | — | View 990 |
| 2015 | $1.5M | $1.8M | $515K | $3.7M | — | View 990 |
| 2014 | $942K | $1.4M | $211K | $3.1M | — | View 990 |
| 2013 | $869K | $1.3M | $198K | $2.6M | — | View 990 |
| 2012 | $761K | $1.3M | $176K | $2.1M | — | View 990 |
| 2011 | $896K | $1.1M | $229K | $1.6M | — | View 990 |
| 2010 | $901K | $1.2M | $261K | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.4M, and assets of $1.3M (revenue +19.1% year-over-year).
- 2022: Revenue of $2.3M, expenses of $3.1M, and assets of $397K (revenue +15.0% year-over-year).
- 2021: Revenue of $2.0M, expenses of $2.6M, and assets of $395K (revenue -11.3% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.2M, and assets of $470K (revenue +25.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.2M, and assets of $359K (revenue +3.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $2.2M, and assets of $393K (revenue +13.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $2.0M, and assets of $406K (revenue +10.0% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.8M, and assets of $394K (revenue -4.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.8M, and assets of $515K (revenue +56.0% year-over-year).
- 2014: Revenue of $942K, expenses of $1.4M, and assets of $211K (revenue +8.5% year-over-year).
- 2013: Revenue of $869K, expenses of $1.3M, and assets of $198K (revenue +14.2% year-over-year).
- 2012: Revenue of $761K, expenses of $1.3M, and assets of $176K (revenue -15.1% year-over-year).
- 2011: Revenue of $896K, expenses of $1.1M, and assets of $229K (revenue -0.6% year-over-year).
- 2010: Revenue of $901K, expenses of $1.2M, and assets of $261K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Harrison Lake Dining And Golf Club Inc:
Data Sources and Methodology
This transparency report for Harrison Lake Dining And Golf 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.