Laconia Golf Club Inc
Laconia Golf Club Inc. shows consistent revenue and asset growth with no reported officer compensation.
EIN: 20497845 · Laconia, NH · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3.4 |
| Net Assets | $3.2M |
| Transparency Score | 75/100 |
Is Laconia Golf Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laconia Golf Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laconia Golf Club Inc
Laconia Golf Club Inc (EIN: 20497845) is a nonprofit organization based in Laconia, NH, classified under NTEE code N50. The organization reported total revenue of $3.4M and total assets of $7.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laconia Golf Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laconia Golf Club Inc is a mid-size nonprofit that has been operating for 2 years, with 9 years of IRS 990 filings on record (2011–2019). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$427K |
| Total Assets | $5.9M |
| Total Liabilities | $2.7M |
| Net Assets | $3.2M |
| Operating Margin | 20.1% |
| Debt-to-Asset Ratio | 45.5% |
| Months of Reserves | 42.0 months |
Financial Health Grade: A
In 2019, Laconia Golf Club Inc reported a surplus of $427K with revenue exceeding expenses, holds 42.0 months of operating reserves (strong position), has a debt-to-asset ratio of 45.5% (moderate leverage).
Financial Trends
Over 9 years of filings (2011–2019), Laconia Golf Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | +7.6% | -8.7% | +7.5% |
| 2018 | +3.7% | +6.8% | +1.6% |
| 2017 | +4.2% | +9.5% | +0.2% |
| 2016 | +7.2% | -4.3% | +5.5% |
| 2015 | +0.3% | +16.1% | +35.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2024 |
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 Laconia Golf Club Inc with a Mission Score of 75 out of 100 (Good). 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, Laconia Golf 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 (2019)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $427K, with revenue exceeding expenses.
- Debt-to-asset ratio: 45.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of its size with current revenue of over $3.4 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 Laconia Golf Club Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually low (0%) reported officer compensation for an organization with over $3.4M in revenue, which might indicate compensation is structured differently or not reported under this category.
Strengths
The following positive indicators were identified for Laconia Golf Club Inc:
- Consistent revenue growth from $1.5M in 2011 to $3.4M currently
- Significant asset growth from $3.5M in 2011 to $7.7M currently
- Expenses consistently lower than revenue, indicating financial sustainability
- No reported officer compensation, suggesting high transparency in this area or volunteer leadership
Frequently Asked Questions about Laconia Golf Club Inc
Is Laconia Golf Club Inc a legitimate charity?
Laconia Golf Club Inc (EIN: 20497845) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $3.4M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Laconia Golf Club Inc spend its money?
Laconia Golf Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Laconia Golf Club Inc tax-deductible?
Laconia Golf Club Inc is registered as a tax-exempt nonprofit (EIN: 20497845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laconia Golf Club Inc CEO make?
Laconia Golf Club Inc's highest-compensated officer earns $3.4 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Laconia Golf Club Inc's spending goes to programs?
Laconia Golf Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Laconia Golf Club Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Laconia Golf Club Inc is above average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Laconia Golf Club Inc located?
Laconia Golf Club Inc is headquartered in Laconia, New Hampshire and files with the IRS under EIN 20497845. It is classified under NTEE code N50.
How many years of IRS 990 filings does Laconia Golf Club Inc have?
Laconia Golf Club Inc has 9 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 $3.4M in total revenue.
Is Laconia Golf Club Inc. a good charity?
Based on the provided data, Laconia Golf Club Inc. exhibits strong financial health with consistent revenue and asset growth. The absence of reported officer compensation is a notable positive for transparency. However, without detailed expense breakdowns (program, admin, fundraising), a full assessment of its charitable efficiency is limited. Its NTEE code suggests a focus on recreational activities, which aligns with its name.
What is the primary purpose of Laconia Golf Club Inc. as a nonprofit?
Given its name and NTEE code N50 (Recreational, Sports, Leisure, & Athletics), its primary purpose as a nonprofit is likely to provide and maintain golf club facilities and related recreational services for its members or the community.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved, with revenue more than doubling from $1,511,294 in 2011 to $3,429,141 currently, and assets growing from $3,536,555 to $7,743,834. Liabilities have also increased but at a slower rate than assets, indicating a strengthening balance sheet.
Filing History
IRS 990 filing history for Laconia Golf Club Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), Laconia Golf Club Inc's revenue has grown by 40.3%, moving from $1.5M to $2.1M. Total assets increased by 67.5% over the same period, from $3.5M to $5.9M. Total functional expenses rose by 23.5%, from $1.4M to $1.7M. In its most recent filing year (2019), Laconia Golf Club Inc reported a surplus of $427K, with revenue exceeding expenses. The organization holds $2.7M in liabilities against $5.9M in assets (debt-to-asset ratio: 45.5%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $2.1M | $1.7M | $5.9M | $2.7M | — | — |
| 2018 | $2.0M | $1.9M | $5.5M | $2.7M | — | View 990 |
| 2017 | $1.9M | $1.7M | $5.4M | $2.7M | — | View 990 |
| 2016 | $1.8M | $1.6M | $5.4M | $2.9M | — | View 990 |
| 2015 | $1.7M | $1.7M | $5.1M | $2.8M | — | View 990 |
| 2014 | $1.7M | $1.4M | $3.8M | $1.5M | — | View 990 |
| 2013 | $1.5M | $1.5M | $4.0M | $2.0M | — | View 990 |
| 2012 | $1.5M | $1.4M | $3.6M | $1.7M | — | View 990 |
| 2011 | $1.5M | $1.4M | $3.5M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $2.1M, expenses of $1.7M, and assets of $5.9M (revenue +7.6% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.9M, and assets of $5.5M (revenue +3.7% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.7M, and assets of $5.4M (revenue +4.2% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $5.4M (revenue +7.2% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $5.1M (revenue +0.3% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.4M, and assets of $3.8M (revenue +9.8% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $4.0M (revenue +0.8% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $3.6M (revenue +1.4% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.4M, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laconia Golf Club Inc:
Data Sources and Methodology
This transparency report for Laconia 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.