Lloyd Neck Bath Club Inc
Lloyd Neck Bath Club Inc. shows consistent revenue growth and asset accumulation, with a recent significant increase in liabilities.
EIN: 111014855 · Lloyd Harbor, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.6M |
| Transparency Score | 75/100 |
Is Lloyd Neck Bath Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lloyd Neck Bath Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lloyd Neck Bath Club Inc
Lloyd Neck Bath Club Inc (EIN: 111014855) is a nonprofit organization based in Lloyd Harbor, NY. The organization reported total revenue of $2.2M and total assets of $3.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lloyd Neck Bath Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lloyd Neck Bath Club Inc is a mid-size nonprofit that has been operating for 54 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$544K |
| Total Assets | $3.5M |
| Total Liabilities | $897K |
| Net Assets | $2.6M |
| Operating Margin | 23.6% |
| Debt-to-Asset Ratio | 25.6% |
| Months of Reserves | 23.9 months |
Financial Health Grade: A
In 2023, Lloyd Neck Bath Club Inc reported a surplus of $544K with revenue exceeding expenses, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 25.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lloyd Neck Bath Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +53.2% | +18.8% | +68.7% |
| 2022 | -6.7% | -2.3% | +1.4% |
| 2021 | +54.3% | +49.1% | +5.1% |
| 2020 | -8.0% | -12.1% | +1.4% |
| 2019 | -1.0% | +4.4% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Lloyd Neck Bath 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Lloyd Neck Bath Club Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 surplus of $544K, with revenue exceeding expenses.
- Debt-to-asset ratio: 25.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization with over $2 million in annual 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 Lloyd Neck Bath Club Inc's IRS 990 filings:
- Significant increase in liabilities from $14,104 in 2022 to $897,196 in 2023 without clear explanation.
- NTEE code is 'Unknown', limiting ability to benchmark against peer organizations.
- Lack of detailed functional expense breakdown in provided data.
Strengths
The following positive indicators were identified for Lloyd Neck Bath Club Inc:
- Consistent revenue growth, from $991,452 in 2015 to $2,304,078 in 2023.
- Healthy asset growth, nearly doubling from $1,853,037 in 2015 to $3,505,721 in 2023.
- Reported 0% officer compensation across all filings, indicating high efficiency in executive remuneration.
- Generally positive net income (revenue exceeding expenses) in most filing periods.
Frequently Asked Questions about Lloyd Neck Bath Club Inc
Is Lloyd Neck Bath Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lloyd Neck Bath Club Inc (EIN: 111014855) some concerns. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
How does Lloyd Neck Bath Club Inc spend its money?
Lloyd Neck Bath Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lloyd Neck Bath Club Inc tax-deductible?
Lloyd Neck Bath Club Inc is registered as a tax-exempt nonprofit (EIN: 111014855). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Lloyd Neck Bath Club Inc CEO make?
Lloyd Neck Bath 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.
What percentage of Lloyd Neck Bath Club Inc's spending goes to programs?
Lloyd Neck Bath Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Lloyd Neck Bath Club Inc located?
Lloyd Neck Bath Club Inc is headquartered in Lloyd Harbor, New York and files with the IRS under EIN 111014855.
How many years of IRS 990 filings does Lloyd Neck Bath Club Inc have?
Lloyd Neck Bath Club Inc has 14 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 caused the significant increase in liabilities from $14,104 in 2022 to $897,196 in 2023?
The IRS 990 filings show a substantial jump in liabilities in the most recent period, which could be due to various factors such as new debt, deferred revenue, or significant accounts payable. Further detail from the organization's financial statements would be needed to understand the nature of this increase.
What are the specific program activities of Lloyd Neck Bath Club Inc. given its 'Unknown' NTEE code?
Without a specified NTEE code, the exact mission and program activities are unclear from the provided data. A review of the organization's public profile or website would be necessary to understand its charitable purpose.
How does the organization allocate its expenses between program, administrative, and fundraising activities?
The provided IRS 990 data does not include a detailed functional expense breakdown, making it difficult to precisely determine the percentages spent on programs, administration, and fundraising. This information is crucial for a full assessment of spending efficiency.
Filing History
IRS 990 filing history for Lloyd Neck Bath Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lloyd Neck Bath Club Inc's revenue has grown by 145%, moving from $940K to $2.3M. Total assets increased by 199.2% over the same period, from $1.2M to $3.5M. Total functional expenses rose by 104.8%, from $859K to $1.8M. In its most recent filing year (2023), Lloyd Neck Bath Club Inc reported a surplus of $544K, with revenue exceeding expenses. The organization holds $897K in liabilities against $3.5M in assets (debt-to-asset ratio: 25.6%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.8M | $3.5M | $897K | — | — |
| 2022 | $1.5M | $1.5M | $2.1M | $14K | — | — |
| 2021 | $1.6M | $1.5M | $2.0M | $8K | — | View 990 |
| 2020 | $1.0M | $1.0M | $1.9M | $4K | — | View 990 |
| 2019 | $1.1M | $1.2M | $1.9M | $5K | — | View 990 |
| 2018 | $1.1M | $1.1M | $1.9M | $0 | — | View 990 |
| 2017 | $1.1M | $1.1M | $1.9M | $7K | — | View 990 |
| 2016 | $1.0M | $965K | $1.9M | $1K | — | View 990 |
| 2015 | $991K | $895K | $1.9M | $0 | — | View 990 |
| 2014 | $1.0M | $917K | $1.8M | $181 | — | View 990 |
| 2013 | $1.1M | $909K | $1.6M | $0 | — | View 990 |
| 2012 | $942K | $788K | $1.4M | $0 | — | View 990 |
| 2011 | $920K | $802K | $1.3M | $13K | — | View 990 |
| 2010 | $940K | $859K | $1.2M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.8M, and assets of $3.5M (revenue +53.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $2.1M (revenue -6.7% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $2.0M (revenue +54.3% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $1.9M (revenue -8.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $1.9M (revenue -1.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $1.9M (revenue +3.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.1M, and assets of $1.9M (revenue +6.9% year-over-year).
- 2016: Revenue of $1.0M, expenses of $965K, and assets of $1.9M (revenue +4.4% year-over-year).
- 2015: Revenue of $991K, expenses of $895K, and assets of $1.9M (revenue -5.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $917K, and assets of $1.8M (revenue -4.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $909K, and assets of $1.6M (revenue +16.3% year-over-year).
- 2012: Revenue of $942K, expenses of $788K, and assets of $1.4M (revenue +2.4% year-over-year).
- 2011: Revenue of $920K, expenses of $802K, and assets of $1.3M (revenue -2.1% year-over-year).
- 2010: Revenue of $940K, expenses of $859K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lloyd Neck Bath Club Inc:
Data Sources and Methodology
This transparency report for Lloyd Neck Bath 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.