Lake Shore Yacht & Country Club Inc
Lake Shore Yacht & Country Club Inc. consistently operates at a deficit, with liabilities significantly exceeding assets.
EIN: 150567660 · Cicero, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.4M |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-1,465,433 |
| Transparency Score | 30/100 |
Is Lake Shore Yacht & Country Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lake Shore Yacht & Country Club Inc
Lake Shore Yacht & Country Club Inc (EIN: 150567660) is a nonprofit organization based in Cicero, NY. The organization reported total revenue of $2.2M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Shore Yacht & Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Shore Yacht & Country Club Inc is a mid-size nonprofit that has been operating for 67 years, with 7 years of IRS 990 filings on record (2011–2017). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-240,092 |
| Total Assets | $2.5M |
| Total Liabilities | $3.9M |
| Net Assets | $-1,465,433 |
| Operating Margin | -10.9% |
| Debt-to-Asset Ratio | 159.8% |
| Months of Reserves | 12.1 months |
Financial Health Grade: C
In 2017, Lake Shore Yacht & Country Club Inc reported a deficit of $240K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 159.8% (high leverage).
Financial Trends
Over 7 years of filings (2011–2017), Lake Shore Yacht & Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | -0.3% | +3.1% | +2.3% |
| 2016 | +6.4% | -1.8% | -0.3% |
| 2015 | +30.8% | +50.8% | +15.0% |
| 2014 | +241.7% | +174.4% | +11.4% |
| 2013 | -67.8% | -61.2% | -5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 Shore Yacht & Country Club Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Lake Shore Yacht & Country Club Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $240K, with expenses exceeding revenue.
- Debt-to-asset ratio: 159.8%.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, suggesting either a volunteer-led organization or that compensation is structured in a way not captured under 'officer compensation' in this summary, which is unusual for an organization with over $2 million in revenue.
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 Lake Shore Yacht & Country Club Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $2,440,125 expenses vs. $2,200,033 revenue in 2017).
- Liabilities significantly exceed assets ($3,917,664 liabilities vs. $2,452,231 assets in 2017).
- Unknown NTEE code, hindering clear understanding of mission and program focus.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data.
- 0% officer compensation reported for an organization with over $2 million in revenue, which could indicate reporting anomalies or a fully volunteer-run structure that might be unsustainable at this scale.
Strengths
The following positive indicators were identified for Lake Shore Yacht & Country Club Inc:
- Consistent filing of IRS Form 990s, indicating basic compliance with reporting requirements.
Frequently Asked Questions about Lake Shore Yacht & Country Club Inc
Is Lake Shore Yacht & Country Club Inc a legitimate charity?
Lake Shore Yacht & Country Club Inc (EIN: 150567660) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 30/100. It has 7 years of IRS 990 filings on record. Total revenue: $2.2M. 5 red flags identified. 1 strength noted. Financial health grade: C.
How does Lake Shore Yacht & Country Club Inc spend its money?
Lake Shore Yacht & Country Club Inc reported $2.2M in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lake Shore Yacht & Country Club Inc tax-deductible?
Lake Shore Yacht & Country Club Inc is registered as a tax-exempt nonprofit (EIN: 150567660). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lake Shore Yacht & Country Club Inc CEO make?
Lake Shore Yacht & Country Club Inc's highest-compensated officer earns $2 annually. The organization reported $2.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Lake Shore Yacht & Country Club Inc located?
Lake Shore Yacht & Country Club Inc is headquartered in Cicero, New York and files with the IRS under EIN 150567660.
How many years of IRS 990 filings does Lake Shore Yacht & Country Club Inc have?
Lake Shore Yacht & Country Club Inc has 7 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 $2.2M in total revenue.
What is the specific public benefit or charitable mission of Lake Shore Yacht & Country Club Inc. as a nonprofit?
The provided data does not specify the public benefit or charitable mission. Given the name 'Yacht & Country Club', it likely serves its members, and its nonprofit status might be related to specific tax exemptions for social clubs rather than broad public charity.
Why has the organization consistently incurred expenses exceeding revenue?
The data shows a consistent trend of expenses surpassing revenue, for example, $2,440,125 in expenses vs. $2,200,033 in revenue in 2017. This indicates an ongoing operational deficit, the reasons for which would require a deeper dive into their financial statements.
How does the organization plan to address its growing liabilities, which reached $3,917,664 in 2017?
The provided data does not offer insight into the organization's strategy for managing its increasing liabilities. This is a significant financial concern that would need to be addressed through operational changes or new funding strategies.
Filing History
IRS 990 filing history for Lake Shore Yacht & Country Club Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2011–2017), Lake Shore Yacht & Country Club Inc's revenue has grown by 55.5%, moving from $1.4M to $2.2M. Total assets increased by 14.7% over the same period, from $2.1M to $2.5M. Total functional expenses rose by 68.1%, from $1.5M to $2.4M. In its most recent filing year (2017), Lake Shore Yacht & Country Club Inc reported a deficit of $240K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $2.5M in assets (debt-to-asset ratio: 159.8%), resulting in net assets of $-1,465,433.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $2.2M | $2.4M | $2.5M | $3.9M | — | — |
| 2016 | $2.2M | $2.4M | $2.4M | $3.6M | — | — |
| 2015 | $2.1M | $2.4M | $2.4M | $3.5M | — | View 990 |
| 2014 | $1.6M | $1.6M | $2.1M | $3.0M | — | View 990 |
| 2013 | $464K | $582K | $1.9M | $2.7M | — | View 990 |
| 2012 | $1.4M | $1.5M | $2.0M | $2.7M | — | View 990 |
| 2011 | $1.4M | $1.5M | $2.1M | $2.8M | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $2.2M, expenses of $2.4M, and assets of $2.5M (revenue -0.3% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.4M, and assets of $2.4M (revenue +6.4% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.4M, and assets of $2.4M (revenue +30.8% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $2.1M (revenue +241.7% year-over-year).
- 2013: Revenue of $464K, expenses of $582K, and assets of $1.9M (revenue -67.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $2.0M (revenue +1.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.5M, and assets of $2.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Shore Yacht & Country Club Inc:
Data Sources and Methodology
This transparency report for Lake Shore Yacht & Country 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.