Hay Harbor Club Inc
Hay Harbor Club Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation, but recent liabilities have surged.
EIN: 111601590 · Fishers Isle, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $4.7M |
| Transparency Score | 80/100 |
Is Hay Harbor Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hay Harbor Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hay Harbor Club Inc
Hay Harbor Club Inc (EIN: 111601590) is a nonprofit organization based in Fishers Isle, NY. The organization reported total revenue of $5.0M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hay Harbor Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hay Harbor Club Inc is a mid-size nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$342K |
| Total Assets | $6.6M |
| Total Liabilities | $1.9M |
| Net Assets | $4.7M |
| Operating Margin | 10.7% |
| Debt-to-Asset Ratio | 28.5% |
| Months of Reserves | 27.8 months |
Financial Health Grade: A
In 2023, Hay Harbor Club Inc reported a surplus of $342K with revenue exceeding expenses, holds 27.8 months of operating reserves (strong position), has a debt-to-asset ratio of 28.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hay Harbor Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.6% | +1.5% | +50.6% |
| 2022 | +15.1% | +8.2% | +1.4% |
| 2021 | +5.6% | +13.7% | -2.5% |
| 2020 | -1.7% | -2.4% | +1.7% |
| 2019 | +2.3% | +7.7% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1950 |
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 Hay Harbor Club Inc with a Mission Score of 80 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hay Harbor Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $342K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.5%.
Executive Compensation Analysis
Hay Harbor Club Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation, which is unusual for an organization of its size with assets exceeding $6 million.
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 Hay Harbor Club Inc's IRS 990 filings:
- Significant increase in liabilities from $8,087 in 2022 to $1,872,426 in 2023 without clear explanation.
- Lack of detailed expense breakdown (program, administrative, fundraising) in the provided data, hindering full spending efficiency analysis.
- No reported officer compensation for an organization with over $6 million in assets, which is unusual and warrants further inquiry.
Strengths
The following positive indicators were identified for Hay Harbor Club Inc:
- Consistent revenue generation, with revenues generally exceeding expenses.
- Significant asset growth, from $4,357,388 in 2022 to $6,563,303 in 2023.
- No reported officer compensation, suggesting potentially low overhead in this area.
- Long filing history (13 filings) indicating consistent compliance and operation.
Frequently Asked Questions about Hay Harbor Club Inc
Is Hay Harbor Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hay Harbor Club Inc (EIN: 111601590) some concerns. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
How does Hay Harbor Club Inc spend its money?
Hay Harbor Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hay Harbor Club Inc tax-deductible?
Hay Harbor Club Inc is registered as a tax-exempt nonprofit (EIN: 111601590). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hay Harbor Club Inc CEO make?
Hay Harbor Club Inc's highest-compensated officer earns $6 annually. The organization reported $5.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hay Harbor Club Inc's spending goes to programs?
Hay Harbor Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hay Harbor Club Inc located?
Hay Harbor Club Inc is headquartered in Fishers Isle, New York and files with the IRS under EIN 111601590.
How many years of IRS 990 filings does Hay Harbor Club Inc have?
Hay Harbor 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 $5.0M in total revenue.
Is Hay Harbor Club Inc. a good charity?
Based on the available data, Hay Harbor Club Inc. appears to be a financially stable organization with consistent revenue generation and asset growth. The lack of reported officer compensation is a positive indicator of potential efficiency. However, without detailed expense breakdowns and clarity on the recent surge in liabilities, a definitive assessment of its charitable impact is limited.
What caused the significant increase in liabilities from $8,087 in 2022 to $1,872,426 in 2023?
The IRS 990 data alone does not specify the nature of this substantial increase in liabilities. It could be due to various factors such as new debt, deferred revenue, or significant accounts payable, and would require further investigation into the organization's financial statements.
How does Hay Harbor Club Inc. manage to operate without reported officer compensation?
The filings consistently show 0% officer compensation. This could mean that the officers are volunteers, compensated through a related entity, or that their compensation is categorized differently within the expense structure, which is not explicitly detailed in the summary data provided.
Filing History
IRS 990 filing history for Hay Harbor Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hay Harbor Club Inc's revenue has grown by 45.2%, moving from $2.2M to $3.2M. Total assets increased by 62.4% over the same period, from $4.0M to $6.6M. Total functional expenses rose by 34.1%, from $2.1M to $2.8M. In its most recent filing year (2023), Hay Harbor Club Inc reported a surplus of $342K, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $6.6M in assets (debt-to-asset ratio: 28.5%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $2.8M | $6.6M | $1.9M | — | — |
| 2022 | $2.8M | $2.8M | $4.4M | $8K | — | View 990 |
| 2021 | $2.5M | $2.6M | $4.3M | $0 | — | View 990 |
| 2020 | $2.3M | $2.3M | $4.4M | $0 | — | — |
| 2019 | $2.4M | $2.3M | $4.3M | $0 | — | View 990 |
| 2018 | $2.3M | $2.2M | $4.3M | $0 | — | View 990 |
| 2017 | $2.3M | $2.1M | $4.1M | $6K | — | View 990 |
| 2016 | $2.2M | $2.2M | $4.0M | $2K | — | View 990 |
| 2015 | $2.1M | $2.1M | $4.0M | $73 | — | View 990 |
| 2014 | $2.0M | $2.0M | $4.0M | $6K | — | View 990 |
| 2013 | $2.2M | $2.3M | $4.0M | $36K | — | View 990 |
| 2012 | $2.3M | $2.3M | $4.1M | $35K | — | View 990 |
| 2011 | $2.2M | $2.1M | $4.0M | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $2.8M, and assets of $6.6M (revenue +11.6% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.8M, and assets of $4.4M (revenue +15.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.6M, and assets of $4.3M (revenue +5.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.3M, and assets of $4.4M (revenue -1.7% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.3M, and assets of $4.3M (revenue +2.3% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.2M, and assets of $4.3M (revenue +2.8% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.1M, and assets of $4.1M (revenue +4.2% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $4.0M (revenue +1.5% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.1M, and assets of $4.0M (revenue +7.1% year-over-year).
- 2014: Revenue of $2.0M, expenses of $2.0M, and assets of $4.0M (revenue -9.3% year-over-year).
- 2013: Revenue of $2.2M, expenses of $2.3M, and assets of $4.0M (revenue -2.8% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.3M, and assets of $4.1M (revenue +3.6% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.1M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hay Harbor Club Inc:
Data Sources and Methodology
This transparency report for Hay Harbor 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.