Lookout Rowing Club
EIN: 581934835 · Chattanooga, TN
| Metric | Value |
|---|---|
| Total Revenue | $108K |
| Total Expenses | $61K |
| Net Assets | $203K |
Is Lookout Rowing Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Lookout Rowing Club
Lookout Rowing Club (EIN: 581934835) is a nonprofit organization based in Chattanooga, TN. The organization reported total revenue of $108K and total assets of $258K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lookout Rowing Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lookout Rowing Club is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $100K |
| Total Expenses | $61K |
| Surplus / Deficit | +$38K |
| Total Assets | $206K |
| Total Liabilities | $3K |
| Net Assets | $203K |
| Operating Margin | 38.5% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 40.3 months |
Financial Health Grade: A
In 2023, Lookout Rowing Club reported a surplus of $38K with revenue exceeding expenses, holds 40.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lookout Rowing Club's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +104.8% | +44.6% | +23.2% |
| 2022 | +24.6% | -9.6% | +3.9% |
| 2021 | +31.1% | -15.5% | -5.4% |
| 2020 | -54.3% | -4.9% | -13.0% |
| 2019 | -28.7% | -32.0% | +4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Lookout Rowing Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lookout Rowing Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $38K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Lookout Rowing Club
Is Lookout Rowing Club a legitimate charity?
Lookout Rowing Club (EIN: 581934835) is a registered tax-exempt nonprofit based in Tennessee. It has 13 years of IRS 990 filings on record. Total revenue: $108K. No red flags identified. Financial health grade: A.
How does Lookout Rowing Club spend its money?
Lookout Rowing Club reported $108K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Lookout Rowing Club tax-deductible?
Lookout Rowing Club is registered as a tax-exempt nonprofit (EIN: 581934835). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Lookout Rowing Club located?
Lookout Rowing Club is headquartered in Chattanooga, Tennessee and files with the IRS under EIN 581934835.
How many years of IRS 990 filings does Lookout Rowing Club have?
Lookout Rowing Club has 13 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 $108K in total revenue.
Filing History
IRS 990 filing history for Lookout Rowing Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lookout Rowing Club's revenue has grown by 23.3%, moving from $81K to $100K. Total assets increased by 9.5% over the same period, from $188K to $206K. Total functional expenses rose by 3%, from $59K to $61K. In its most recent filing year (2023), Lookout Rowing Club reported a surplus of $38K, with revenue exceeding expenses. The organization holds $3K in liabilities against $206K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $100K | $61K | $206K | $3K | — | View 990 |
| 2022 | $49K | $42K | $167K | $3K | — | — |
| 2021 | $39K | $47K | $161K | $3K | — | — |
| 2020 | $30K | $55K | $170K | $4K | — | View 990 |
| 2019 | $65K | $58K | $195K | $4K | — | View 990 |
| 2018 | $91K | $86K | $187K | $3K | — | View 990 |
| 2017 | $96K | $84K | $181K | $2K | — | — |
| 2016 | $94K | $130K | $169K | $1K | — | View 990 |
| 2015 | $79K | $81K | $204K | $1K | — | View 990 |
| 2014 | $84K | $81K | $205K | $690 | — | View 990 |
| 2013 | $74K | $72K | $202K | $0 | — | View 990 |
| 2012 | $77K | $66K | $200K | $0 | — | View 990 |
| 2011 | $81K | $59K | $188K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $100K, expenses of $61K, and assets of $206K (revenue +104.8% year-over-year).
- 2022: Revenue of $49K, expenses of $42K, and assets of $167K (revenue +24.6% year-over-year).
- 2021: Revenue of $39K, expenses of $47K, and assets of $161K (revenue +31.1% year-over-year).
- 2020: Revenue of $30K, expenses of $55K, and assets of $170K (revenue -54.3% year-over-year).
- 2019: Revenue of $65K, expenses of $58K, and assets of $195K (revenue -28.7% year-over-year).
- 2018: Revenue of $91K, expenses of $86K, and assets of $187K (revenue -5.0% year-over-year).
- 2017: Revenue of $96K, expenses of $84K, and assets of $181K (revenue +1.8% year-over-year).
- 2016: Revenue of $94K, expenses of $130K, and assets of $169K (revenue +20.0% year-over-year).
- 2015: Revenue of $79K, expenses of $81K, and assets of $204K (revenue -6.3% year-over-year).
- 2014: Revenue of $84K, expenses of $81K, and assets of $205K (revenue +13.1% year-over-year).
- 2013: Revenue of $74K, expenses of $72K, and assets of $202K (revenue -4.3% year-over-year).
- 2012: Revenue of $77K, expenses of $66K, and assets of $200K (revenue -4.0% year-over-year).
- 2011: Revenue of $81K, expenses of $59K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lookout Rowing Club:
Data Sources and Methodology
This transparency report for Lookout Rowing 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.