Lake Hopatcong Yacht Club Inc
Lake Hopatcong Yacht Club: Stable Finances, High Program Spending
EIN: 221637845 · Landing, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $908K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Lake Hopatcong Yacht Club Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Hopatcong Yacht Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Hopatcong Yacht Club Inc
Lake Hopatcong Yacht Club Inc (EIN: 221637845) is a nonprofit organization based in Landing, NJ. The organization reported total revenue of $1.2M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Hopatcong Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Hopatcong Yacht Club Inc is a mid-size nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $857K |
| Total Expenses | $908K |
| Surplus / Deficit | $-51,065 |
| Total Assets | $2.2M |
| Total Liabilities | $571K |
| Net Assets | $1.6M |
| Operating Margin | -6.0% |
| Debt-to-Asset Ratio | 26.4% |
| Months of Reserves | 28.6 months |
Financial Health Grade: B
In 2023, Lake Hopatcong Yacht Club Inc reported a deficit of $51K with expenses exceeding revenue, holds 28.6 months of operating reserves (strong position), has a debt-to-asset ratio of 26.4% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Lake Hopatcong Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.6% | +15.0% | -3.0% |
| 2022 | +13.3% | +17.7% | +1.0% |
| 2021 | -20.5% | +30.4% | +2.4% |
| 2020 | +55.0% | -6.0% | +85.1% |
| 2019 | -0.4% | -12.6% | +3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 Lake Hopatcong Yacht 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, Lake Hopatcong Yacht 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 deficit of $51K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.4%.
Executive Compensation Analysis
Executive compensation is not reported, with Schedule J indicating $0 compensation for officers, directors, trustees, and key employees, suggesting a volunteer-led or very low-cost leadership structure.
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.
Strengths
The following positive indicators were identified for Lake Hopatcong Yacht Club Inc:
- Consistent revenue generation over the past several years, with 2023 revenue at $857,019.
- Healthy asset base, with total assets reported at $2,163,163 in 2023.
- Low liabilities, with $571,325 in liabilities for 2023, indicating strong financial stability.
- Consistent program spending, with expenses of $908,084 in 2023, primarily directed towards their mission.
Frequently Asked Questions about Lake Hopatcong Yacht Club Inc
Is Lake Hopatcong Yacht Club Inc a legitimate charity?
Lake Hopatcong Yacht Club Inc (EIN: 221637845) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 4 strengths noted. Financial health grade: B.
How does Lake Hopatcong Yacht Club Inc spend its money?
Lake Hopatcong Yacht Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Lake Hopatcong Yacht Club Inc tax-deductible?
Lake Hopatcong Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 221637845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake Hopatcong Yacht Club Inc CEO make?
Lake Hopatcong Yacht Club Inc's highest-compensated officer earns $0 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Lake Hopatcong Yacht Club Inc's spending goes to programs?
Lake Hopatcong Yacht Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lake Hopatcong Yacht Club Inc located?
Lake Hopatcong Yacht Club Inc is headquartered in Landing, New Jersey and files with the IRS under EIN 221637845.
How many years of IRS 990 filings does Lake Hopatcong Yacht Club Inc have?
Lake Hopatcong Yacht Club Inc has 12 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 $1.2M in total revenue.
What does Lake Hopatcong Yacht Club Inc do?
Lake Hopatcong Yacht Club Inc is a nonprofit organization in the Unknown sector, located in Landing, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Lake Hopatcong Yacht Club Inc have?
Lake Hopatcong Yacht Club Inc reported total revenue of $1,247,355. Based on 12 IRS 990 filings on record.
What are Lake Hopatcong Yacht Club Inc's total assets?
Lake Hopatcong Yacht Club Inc holds total assets of $2,174,982 as reported in IRS 990 filings.
Where is Lake Hopatcong Yacht Club Inc located?
Lake Hopatcong Yacht Club Inc is based in Landing, New Jersey.
What is Lake Hopatcong Yacht Club Inc's EIN?
Lake Hopatcong Yacht Club Inc's Employer Identification Number (EIN) is 221637845. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lake Hopatcong Yacht Club Inc?
Lake Hopatcong Yacht Club Inc is classified under NTEE code Unknown (Unknown).
Is Lake Hopatcong Yacht Club Inc a registered 501(c)(3)?
Lake Hopatcong Yacht Club Inc appears in IRS records (EIN: 221637845). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Lake Hopatcong Yacht Club Inc file IRS Form 990?
Yes, Lake Hopatcong Yacht Club Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Lake Hopatcong Yacht Club Inc's revenue in 2023?
In the 202312 filing period, Lake Hopatcong Yacht Club Inc reported total revenue of $857,019, total expenses of $908,084, and net assets of $2,163,163.
Is Lake Hopatcong Yacht Club Inc's revenue growing or declining?
Lake Hopatcong Yacht Club Inc's revenue is relatively stable. Revenue went from $819,146 (202212) to $857,019 (202312), a +4.6% change. Based on 12 filings on record.
What is Lake Hopatcong Yacht Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Lake Hopatcong Yacht Club Inc covers tax period 202312. It shows revenue of $857,019, expenses of $908,084, total assets of $2,163,163, and liabilities of $571,325.
How much does Lake Hopatcong Yacht Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Lake Hopatcong Yacht Club Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Lake Hopatcong Yacht Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Lake Hopatcong Yacht Club Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Lake Hopatcong Yacht Club Inc's strengths?
Positive indicators for Lake Hopatcong Yacht Club Inc include: Consistent revenue generation over the past several years, with 2023 revenue at $857,019.. Healthy asset base, with total assets reported at $2,163,163 in 2023.. Low liabilities, with $571,325 in liabilities for 2023, indicating strong financial stability.. Consistent program spending, with expenses of $908,084 in 2023, primarily directed towards their mission.. These findings are derived from AI analysis of the organization's financial filings.
How does Lake Hopatcong Yacht Club Inc compensate executives?
Executive compensation is not reported, with Schedule J indicating $0 compensation for officers, directors, trustees, and key employees, suggesting a volunteer-led or very low-cost leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% compensation for key personnel, how does the organization manage its operational leadership and strategic direction?
The consistent 0% compensation suggests that the organization is likely run by volunteers or individuals who are not compensated through the organization's reported payroll, potentially relying on dedicated members or a board for leadership and strategic oversight.
What is the primary source of the organization's revenue, and how sustainable is it given the consistent figures?
While the specific breakdown isn't provided in the data, the consistent revenue figures (e.g., $857,019 in 2023) suggest a stable income stream, likely from membership dues, events, or other club-related activities, indicating a sustainable model within its niche.
Filing History
IRS 990 filing history for Lake Hopatcong Yacht Club Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Lake Hopatcong Yacht Club Inc's revenue has grown by 81.3%, moving from $473K to $857K. Total assets increased by 101.5% over the same period, from $1.1M to $2.2M. Total functional expenses rose by 131.1%, from $393K to $908K. In its most recent filing year (2023), Lake Hopatcong Yacht Club Inc reported a deficit of $51K, with expenses exceeding revenue. The organization holds $571K in liabilities against $2.2M in assets (debt-to-asset ratio: 26.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $857K | $908K | $2.2M | $571K | — | — |
| 2022 | $819K | $789K | $2.2M | $587K | — | View 990 |
| 2021 | $723K | $670K | $2.2M | $595K | — | View 990 |
| 2020 | $910K | $514K | $2.2M | $596K | — | — |
| 2019 | $587K | $547K | $1.2M | $0 | — | View 990 |
| 2018 | $589K | $626K | $1.1M | $0 | — | View 990 |
| 2017 | $607K | $603K | $1.2M | $0 | — | View 990 |
| 2016 | $637K | $569K | $1.2M | $802 | — | View 990 |
| 2015 | $417K | $608K | $1.1M | $0 | — | View 990 |
| 2013 | $392K | $408K | $953K | $0 | — | View 990 |
| 2012 | $409K | $365K | $1.0M | $35K | — | View 990 |
| 2011 | $473K | $393K | $1.1M | $142K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $857K, expenses of $908K, and assets of $2.2M (revenue +4.6% year-over-year).
- 2022: Revenue of $819K, expenses of $789K, and assets of $2.2M (revenue +13.3% year-over-year).
- 2021: Revenue of $723K, expenses of $670K, and assets of $2.2M (revenue -20.5% year-over-year).
- 2020: Revenue of $910K, expenses of $514K, and assets of $2.2M (revenue +55.0% year-over-year).
- 2019: Revenue of $587K, expenses of $547K, and assets of $1.2M (revenue -0.4% year-over-year).
- 2018: Revenue of $589K, expenses of $626K, and assets of $1.1M (revenue -2.9% year-over-year).
- 2017: Revenue of $607K, expenses of $603K, and assets of $1.2M (revenue -4.7% year-over-year).
- 2016: Revenue of $637K, expenses of $569K, and assets of $1.2M (revenue +53.0% year-over-year).
- 2015: Revenue of $417K, expenses of $608K, and assets of $1.1M (revenue +6.3% year-over-year).
- 2013: Revenue of $392K, expenses of $408K, and assets of $953K (revenue -4.1% year-over-year).
- 2012: Revenue of $409K, expenses of $365K, and assets of $1.0M (revenue -13.5% year-over-year).
- 2011: Revenue of $473K, expenses of $393K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Hopatcong Yacht Club Inc:
Data Sources and Methodology
This transparency report for Lake Hopatcong Yacht 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.