Inverness Country Club
EIN: 380680025 · Chelsea, MI
| Metric | Value |
|---|---|
| Total Revenue | $646K |
| Total Expenses | $448K |
| Net Assets | $620K |
Is Inverness Country Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Inverness Country Club
Inverness Country Club (EIN: 380680025) is a nonprofit organization based in Chelsea, MI. The organization reported total revenue of $646K and total assets of $807K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inverness Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Inverness Country Club is a small nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $601K |
| Total Expenses | $448K |
| Surplus / Deficit | +$153K |
| Total Assets | $714K |
| Total Liabilities | $93K |
| Net Assets | $620K |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 13.1% |
| Months of Reserves | 19.1 months |
Financial Health Grade: A
In 2023, Inverness Country Club reported a surplus of $153K with revenue exceeding expenses, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 13.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Inverness Country Club's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | +21.2% | +50.0% |
| 2022 | +29.0% | +19.4% | +46.0% |
| 2021 | +16.4% | +7.5% | +35.3% |
| 2020 | +19.0% | +1.9% | +33.1% |
| 2019 | -11.7% | -1.6% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Inverness Country Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Inverness Country Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $153K, with revenue exceeding expenses.
- Debt-to-asset ratio: 13.1%.
Frequently Asked Questions about Inverness Country Club
Is Inverness Country Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Inverness Country Club (EIN: 380680025) insufficient data. 0 red flags identified, 0 strengths noted.
How does Inverness Country Club spend its money?
Detailed spending breakdown data is not yet available for Inverness Country Club. Check back for updated IRS 990 analysis.
Are donations to Inverness Country Club tax-deductible?
Inverness Country Club is registered as a tax-exempt nonprofit (EIN: 380680025). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Inverness Country Club located?
Inverness Country Club is headquartered in Chelsea, Michigan and files with the IRS under EIN 380680025.
How many years of IRS 990 filings does Inverness Country Club have?
Inverness Country Club 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 $646K in total revenue.
Filing History
IRS 990 filing history for Inverness Country Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Inverness Country Club's revenue has grown by 115.5%, moving from $279K to $601K. Total assets increased by 280.2% over the same period, from $188K to $714K. Total functional expenses rose by 37.9%, from $325K to $448K. In its most recent filing year (2023), Inverness Country Club reported a surplus of $153K, with revenue exceeding expenses. The organization holds $93K in liabilities against $714K in assets (debt-to-asset ratio: 13.1%), resulting in net assets of $620K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $601K | $448K | $714K | $93K | — | — |
| 2022 | $512K | $370K | $476K | $8K | — | View 990 |
| 2021 | $397K | $310K | $326K | $0 | — | View 990 |
| 2020 | $341K | $288K | $241K | $0 | — | — |
| 2019 | $286K | $283K | $181K | $0 | — | — |
| 2018 | $324K | $287K | $164K | $0 | — | View 990 |
| 2017 | $281K | $298K | $130K | $3K | — | — |
| 2016 | $292K | $322K | $141K | $3K | — | View 990 |
| 2015 | $293K | $304K | $155K | $330 | — | View 990 |
| 2014 | $278K | $304K | $157K | $5K | — | View 990 |
| 2013 | $297K | $282K | $183K | $5K | — | View 990 |
| 2012 | $277K | $297K | $190K | $27K | — | View 990 |
| 2011 | $279K | $325K | $188K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $601K, expenses of $448K, and assets of $714K (revenue +17.5% year-over-year).
- 2022: Revenue of $512K, expenses of $370K, and assets of $476K (revenue +29.0% year-over-year).
- 2021: Revenue of $397K, expenses of $310K, and assets of $326K (revenue +16.4% year-over-year).
- 2020: Revenue of $341K, expenses of $288K, and assets of $241K (revenue +19.0% year-over-year).
- 2019: Revenue of $286K, expenses of $283K, and assets of $181K (revenue -11.7% year-over-year).
- 2018: Revenue of $324K, expenses of $287K, and assets of $164K (revenue +15.4% year-over-year).
- 2017: Revenue of $281K, expenses of $298K, and assets of $130K (revenue -3.7% year-over-year).
- 2016: Revenue of $292K, expenses of $322K, and assets of $141K (revenue -0.3% year-over-year).
- 2015: Revenue of $293K, expenses of $304K, and assets of $155K (revenue +5.1% year-over-year).
- 2014: Revenue of $278K, expenses of $304K, and assets of $157K (revenue -6.2% year-over-year).
- 2013: Revenue of $297K, expenses of $282K, and assets of $183K (revenue +6.9% year-over-year).
- 2012: Revenue of $277K, expenses of $297K, and assets of $190K (revenue -0.6% year-over-year).
- 2011: Revenue of $279K, expenses of $325K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Inverness Country Club:
Data Sources and Methodology
This transparency report for Inverness Country Club 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.