Lake Sunapee Yacht Club

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Lake Sunapee Yacht Club Form 990, Revenue, CEO Pay, and IRS Filing Signals

Lake Sunapee Yacht Club is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lake Sunapee Yacht Club in one place.

Is Lake Sunapee Yacht Club Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Lake Sunapee Yacht Club shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Lake Sunapee Yacht Club directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Lake Sunapee Yacht Club

Lake Sunapee Yacht Club (EIN: 20226712) is a nonprofit organization based in Sunapee, NH, classified under NTEE code N67Z. The organization reported total revenue of $1.4M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Sunapee Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Lake Sunapee Yacht Club is a mid-size nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Lake Sunapee Yacht Club reported a deficit of $99K with expenses exceeding revenue, holds 14.6 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Lake Sunapee Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 3.5%.

IRS Tax-Exempt Classification

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 Sunapee Yacht Club with a Mission Score of 85 out of 100 (Excellent). 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 Sunapee Yacht Club 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 $99K, with expenses exceeding revenue.
• Debt-to-asset ratio: 1.2%.

Executive Compensation Analysis

Executive compensation is consistently reported at 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly efficient for an organization of its size with assets over $1 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 Lake Sunapee Yacht Club's IRS 990 filings:

• Expenses exceeded revenue in 2023 by approximately $98,645, which warrants monitoring to ensure it's not a recurring trend.

Strengths

The following positive indicators were identified for Lake Sunapee Yacht Club:

• Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
• Steady growth in assets, from $1,133,965 in 2014 to $1,186,140 in 2023, demonstrating financial stability.
• Low liabilities relative to assets, indicating strong financial health and solvency.
• Positive revenue growth trend over the past few years, with revenue increasing from $509,585 in 2020 to $874,245 in 2023.

Frequently Asked Questions about Lake Sunapee Yacht Club

Filing History

IRS 990 filing history for Lake Sunapee Yacht Club showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Lake Sunapee Yacht Club's revenue has grown by 50.6%, moving from $581K to $874K. Total assets increased by 39% over the same period, from $853K to $1.2M. Total functional expenses rose by 105.3%, from $474K to $973K. In its most recent filing year (2023), Lake Sunapee Yacht Club reported a deficit of $99K, with expenses exceeding revenue. The organization holds $15K in liabilities against $1.2M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $1.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $874K, expenses of $973K, and assets of $1.2M (revenue -10.7% year-over-year).
• 2022: Revenue of $979K, expenses of $936K, and assets of $1.3M (revenue +14.2% year-over-year).
• 2021: Revenue of $857K, expenses of $754K, and assets of $1.2M (revenue +68.2% year-over-year).
• 2020: Revenue of $510K, expenses of $436K, and assets of $1.2M (revenue -18.2% year-over-year).
• 2019: Revenue of $623K, expenses of $759K, and assets of $1.1M (revenue +12.0% year-over-year).
• 2018: Revenue of $556K, expenses of $630K, and assets of $1.2M (revenue -11.7% year-over-year).
• 2017: Revenue of $630K, expenses of $599K, and assets of $1.2M (revenue +6.3% year-over-year).
• 2016: Revenue of $593K, expenses of $576K, and assets of $1.2M (revenue +2.9% year-over-year).
• 2015: Revenue of $576K, expenses of $541K, and assets of $1.1M (revenue -7.5% year-over-year).
• 2014: Revenue of $623K, expenses of $561K, and assets of $1.1M (revenue -1.5% year-over-year).
• 2013: Revenue of $633K, expenses of $559K, and assets of $1.0M (revenue +6.5% year-over-year).
• 2012: Revenue of $594K, expenses of $499K, and assets of $949K (revenue +2.4% year-over-year).
• 2011: Revenue of $581K, expenses of $474K, and assets of $853K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Lake Sunapee Yacht Club:

Data Sources and Methodology

This transparency report for Lake Sunapee 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.