Island Bay Yacht Club
EIN: 370609211 · Springfield, IL
| Metric | Value |
|---|---|
| Total Revenue | $3.6M |
| Total Expenses | $2.8M |
| Net Assets | $3.5M |
Is Island Bay Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Island Bay Yacht Club
Island Bay Yacht Club (EIN: 370609211) is a nonprofit organization based in Springfield, IL. The organization reported total revenue of $3.6M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Bay Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Bay Yacht Club is a mid-size nonprofit that has been operating for 90 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-100,092 |
| Total Assets | $4.9M |
| Total Liabilities | $1.4M |
| Net Assets | $3.5M |
| Operating Margin | -3.7% |
| Debt-to-Asset Ratio | 28.0% |
| Months of Reserves | 20.9 months |
Financial Health Grade: B
In 2023, Island Bay Yacht Club reported a deficit of $100K with expenses exceeding revenue, holds 20.9 months of operating reserves (strong position), has a debt-to-asset ratio of 28.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Island Bay Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | +7.8% | -4.5% |
| 2022 | -8.1% | +16.7% | -5.6% |
| 2021 | +22.6% | +2.0% | +12.6% |
| 2020 | -5.8% | -9.1% | -0.7% |
| 2019 | -2.5% | +3.8% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1936 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Island Bay Yacht 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 Island Bay Yacht 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 deficit of $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.0%.
Frequently Asked Questions about Island Bay Yacht Club
Is Island Bay Yacht Club a legitimate charity?
Island Bay Yacht Club (EIN: 370609211) is a registered tax-exempt nonprofit based in Illinois. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. No red flags identified. Financial health grade: B.
How does Island Bay Yacht Club spend its money?
Island Bay Yacht Club reported $3.6M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Island Bay Yacht Club tax-deductible?
Island Bay Yacht Club is registered as a tax-exempt nonprofit (EIN: 370609211). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Island Bay Yacht Club located?
Island Bay Yacht Club is headquartered in Springfield, Illinois and files with the IRS under EIN 370609211.
How many years of IRS 990 filings does Island Bay Yacht Club have?
Island Bay Yacht 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 $3.6M in total revenue.
Filing History
IRS 990 filing history for Island Bay Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Island Bay Yacht Club's revenue has grown by 38.3%, moving from $2.0M to $2.7M. Total assets increased by 53.7% over the same period, from $3.2M to $4.9M. Total functional expenses rose by 54%, from $1.8M to $2.8M. In its most recent filing year (2023), Island Bay Yacht Club reported a deficit of $100K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $4.9M in assets (debt-to-asset ratio: 28.0%), resulting in net assets of $3.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.8M | $4.9M | $1.4M | — | View 990 |
| 2022 | $2.5M | $2.6M | $5.1M | $1.5M | — | View 990 |
| 2021 | $2.8M | $2.2M | $5.4M | $1.7M | — | View 990 |
| 2020 | $2.3M | $2.2M | $4.8M | $1.9M | — | — |
| 2019 | $2.4M | $2.4M | $4.8M | $2.0M | — | View 990 |
| 2018 | $2.5M | $2.3M | $5.0M | $2.1M | — | View 990 |
| 2017 | $2.3M | $2.3M | $5.0M | $2.3M | — | View 990 |
| 2016 | $2.2M | $2.3M | $5.2M | $2.4M | — | View 990 |
| 2015 | $2.2M | $2.0M | $5.5M | $2.5M | — | View 990 |
| 2014 | $2.1M | $1.9M | $4.9M | $2.2M | — | View 990 |
| 2013 | $2.1M | $1.9M | $3.2M | $575K | — | View 990 |
| 2012 | $2.0M | $1.9M | $3.1M | $749K | — | View 990 |
| 2011 | $2.0M | $1.8M | $3.2M | $982K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.8M, and assets of $4.9M (revenue +6.5% year-over-year).
- 2022: Revenue of $2.5M, expenses of $2.6M, and assets of $5.1M (revenue -8.1% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.2M, and assets of $5.4M (revenue +22.6% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.2M, and assets of $4.8M (revenue -5.8% year-over-year).
- 2019: Revenue of $2.4M, expenses of $2.4M, and assets of $4.8M (revenue -2.5% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.3M, and assets of $5.0M (revenue +5.5% year-over-year).
- 2017: Revenue of $2.3M, expenses of $2.3M, and assets of $5.0M (revenue +5.1% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.3M, and assets of $5.2M (revenue +0.4% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.0M, and assets of $5.5M (revenue +7.5% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.9M, and assets of $4.9M (revenue -3.3% year-over-year).
- 2013: Revenue of $2.1M, expenses of $1.9M, and assets of $3.2M (revenue +5.1% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.9M, and assets of $3.1M (revenue +3.1% year-over-year).
- 2011: Revenue of $2.0M, expenses of $1.8M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Bay Yacht Club:
Data Sources and Methodology
This transparency report for Island Bay Yacht 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.