Lake Sunapee Yacht Club

Lake Sunapee Yacht Club maintains stable finances with volunteer leadership and growing assets.

EIN: 20226712 · Sunapee, NH · NTEE: N67Z · Updated: 2026-03-28

$1.4MRevenue

$1.4MAssets

85/100Mission Score (Excellent)

N67Z

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.

AI Transparency Report

The Lake Sunapee Yacht Club demonstrates consistent financial activity, with revenues and expenses generally in balance over the past decade. The organization's assets have shown steady growth, increasing from $1,133,965 in 2014 to $1,186,140 in 2023, indicating sound asset management. While the 2023 filing shows expenses exceeding revenue by approximately $98,645 ($972,890 expenses vs. $874,245 revenue), this appears to be an anomaly in an otherwise stable financial history, with most years showing a surplus or near-balance. The organization consistently reports 0% officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, contributing positively to its financial health and transparency.

Given the NTEE code N67Z (Yacht Clubs), the financial operations are consistent with a membership-based recreational organization. The lack of officer compensation suggests a high degree of volunteerism among its leadership, which is commendable for a nonprofit. The organization's liabilities are consistently low relative to its assets, further reinforcing a stable financial position. Overall, the Lake Sunapee Yacht Club appears to be a well-managed entity with a focus on its mission, supported by a stable financial base and transparent compensation practices.

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.

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

Is Lake Sunapee Yacht Club a good charity?

Based on its financial filings, the Lake Sunapee Yacht Club appears to be a well-managed organization with stable finances, growing assets, and a strong commitment to volunteer leadership (0% officer compensation). Its financial health and transparency are positive indicators.

How has the organization's revenue trended over the last few years?

Revenue has shown growth, increasing from $509,585 in 2020 to $874,245 in 2023, with a peak of $978,632 in 2022, indicating a healthy upward trend in financial support.

What is the organization's asset-to-liability ratio?

The organization consistently maintains a very strong asset-to-liability ratio. For example, in 2023, assets were $1,186,140 against liabilities of $14,712, demonstrating excellent financial solvency.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$874K	$973K	$1.2M	$15K	—	View 990
2022	$979K	$936K	$1.3M	$28K	—	—
2021	$857K	$754K	$1.2M	$20K	—	View 990
2020	$510K	$436K	$1.2M	$26K	—	—
2019	$623K	$759K	$1.1M	$16K	—	View 990
2018	$556K	$630K	$1.2M	$19K	—	View 990
2017	$630K	$599K	$1.2M	$9K	—	View 990
2016	$593K	$576K	$1.2M	$40K	—	View 990
2015	$576K	$541K	$1.1M	$29K	—	View 990
2014	$623K	$561K	$1.1M	$60K	—	View 990
2013	$633K	$559K	$1.0M	$14K	—	View 990
2012	$594K	$499K	$949K	$11K	—	View 990
2011	$581K	$474K	$853K	$10K	—	View 990

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.

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.