Lake City Country Club
EIN: 420754142 · Lake City, IA · NTEE: N505
Is Lake City 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 Lake City Country Club
Lake City Country Club (EIN: 420754142) is a nonprofit organization based in Lake City, IA, classified under NTEE code N505. The organization reported total revenue of $680K and total assets of $545K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake City Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Lake City 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 Lake City 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.
Frequently Asked Questions about Lake City Country Club
Is Lake City Country Club a legitimate charity?
Based on AI analysis of IRS 990 filings, Lake City Country Club (EIN: 420754142) insufficient data. 0 red flags identified, 0 strengths noted.
How does Lake City Country Club spend its money?
Detailed spending breakdown data is not yet available for Lake City Country Club. Check back for updated IRS 990 analysis.
Are donations to Lake City Country Club tax-deductible?
Lake City Country Club is registered as a tax-exempt nonprofit (EIN: 420754142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Lake City Country Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lake City Country Club's revenue has grown by 154.7%, moving from $180K to $459K. Total assets increased by 242.2% over the same period, from $167K to $571K. Total functional expenses rose by 106.6%, from $196K to $406K. In its most recent filing year (2023), Lake City Country Club reported a surplus of $53K, with revenue exceeding expenses. The organization holds $213K in liabilities against $571K in assets (debt-to-asset ratio: 37.3%), resulting in net assets of $358K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $459K | $406K | $571K | $213K | — | View 990 |
| 2022 | $362K | $334K | $543K | $238K | — | View 990 |
| 2021 | $366K | $293K | $534K | $257K | — | View 990 |
| 2020 | $277K | $259K | $496K | $293K | — | — |
| 2019 | $261K | $258K | $492K | $306K | — | View 990 |
| 2018 | $233K | $243K | $500K | $317K | — | View 990 |
| 2017 | $231K | $229K | $505K | $312K | — | View 990 |
| 2016 | $232K | $235K | $526K | $336K | — | View 990 |
| 2015 | $229K | $210K | $532K | $352K | — | View 990 |
| 2014 | $232K | $194K | $547K | $367K | — | View 990 |
| 2013 | $239K | $220K | $558K | $375K | — | View 990 |
| 2012 | $234K | $259K | $545K | $381K | — | View 990 |
| 2011 | $261K | $202K | $335K | $142K | — | View 990 |
| 2010 | $180K | $196K | $167K | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $459K, expenses of $406K, and assets of $571K (revenue +26.8% year-over-year).
- 2022: Revenue of $362K, expenses of $334K, and assets of $543K (revenue -1.3% year-over-year).
- 2021: Revenue of $366K, expenses of $293K, and assets of $534K (revenue +32.5% year-over-year).
- 2020: Revenue of $277K, expenses of $259K, and assets of $496K (revenue +5.8% year-over-year).
- 2019: Revenue of $261K, expenses of $258K, and assets of $492K (revenue +12.2% year-over-year).
- 2018: Revenue of $233K, expenses of $243K, and assets of $500K (revenue +0.7% year-over-year).
- 2017: Revenue of $231K, expenses of $229K, and assets of $505K (revenue -0.1% year-over-year).
- 2016: Revenue of $232K, expenses of $235K, and assets of $526K (revenue +1.3% year-over-year).
- 2015: Revenue of $229K, expenses of $210K, and assets of $532K (revenue -1.4% year-over-year).
- 2014: Revenue of $232K, expenses of $194K, and assets of $547K (revenue -2.8% year-over-year).
- 2013: Revenue of $239K, expenses of $220K, and assets of $558K (revenue +2.3% year-over-year).
- 2012: Revenue of $234K, expenses of $259K, and assets of $545K (revenue -10.7% year-over-year).
- 2011: Revenue of $261K, expenses of $202K, and assets of $335K (revenue +45.1% year-over-year).
- 2010: Revenue of $180K, expenses of $196K, and assets of $167K.
Data Sources and Methodology
This transparency report for Lake City 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.