Metedeconk River Yacht Club Inc
Metedeconk River Yacht Club: Stable Finances, Limited Public Mission
EIN: 221774665 · Brick, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $908K |
| Net Assets | $1.4M |
| Transparency Score | 20/100 |
Is Metedeconk River Yacht 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 Metedeconk River Yacht Club Inc
Metedeconk River Yacht Club Inc (EIN: 221774665) is a nonprofit organization based in Brick, NJ. The organization reported total revenue of $1.0M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Metedeconk River Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Metedeconk River Yacht Club Inc is a mid-size nonprofit that has been operating for 68 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $903K |
| Total Expenses | $908K |
| Surplus / Deficit | $-4,661 |
| Total Assets | $1.8M |
| Total Liabilities | $337K |
| Net Assets | $1.4M |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 23.3 months |
Financial Health Grade: B
In 2023, Metedeconk River Yacht Club Inc reported a deficit of $5K with expenses exceeding revenue, holds 23.3 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Metedeconk River Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.5% | +0.7% | -0.3% |
| 2022 | +14.8% | +28.7% | +22.7% |
| 2021 | +39.4% | +30.5% | +4.1% |
| 2020 | -22.3% | -25.3% | -0.3% |
| 2019 | +1.3% | +2.8% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1958 |
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 Metedeconk River Yacht Club Inc with a Mission Score of 20 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Metedeconk River Yacht Club Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
Executive compensation is not reported in the 990-EZ filings, as the organization likely does not meet the threshold for reporting highly compensated employees.
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 Metedeconk River Yacht Club Inc's IRS 990 filings:
- Lack of public program services: The organization's filings do not indicate any activities that directly benefit the general public, which is unusual for a nonprofit.
- Private club nature: The consistent reporting of 0% public contributions and the name 'Yacht Club' suggest a private membership organization rather than a public charity.
- Limited transparency on activities: The 990-EZ provides minimal detail on how funds are used beyond administrative expenses.
Strengths
The following positive indicators were identified for Metedeconk River Yacht Club Inc:
- Consistent financial stability: The organization consistently reports positive net assets and manages its liabilities effectively over several years.
- Low liabilities: Liabilities have remained relatively low compared to assets, indicating good financial management.
- Stable revenue: Revenue streams have been consistent, providing a reliable financial base for the organization.
Frequently Asked Questions about Metedeconk River Yacht Club Inc
Is Metedeconk River Yacht Club Inc a legitimate charity?
Metedeconk River Yacht Club Inc (EIN: 221774665) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 20/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Metedeconk River Yacht Club Inc spend its money?
Metedeconk River Yacht Club Inc reported $1.0M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Metedeconk River Yacht Club Inc tax-deductible?
Metedeconk River Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 221774665). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Metedeconk River Yacht Club Inc located?
Metedeconk River Yacht Club Inc is headquartered in Brick, New Jersey and files with the IRS under EIN 221774665.
How many years of IRS 990 filings does Metedeconk River Yacht Club Inc have?
Metedeconk River Yacht 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 $1.0M in total revenue.
What does Metedeconk River Yacht Club Inc do?
Metedeconk River Yacht Club Inc is a nonprofit organization in the Unknown sector, located in Brick, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Metedeconk River Yacht Club Inc have?
Metedeconk River Yacht Club Inc reported total revenue of $1,025,437. Based on 14 IRS 990 filings on record.
What are Metedeconk River Yacht Club Inc's total assets?
Metedeconk River Yacht Club Inc holds total assets of $1,669,662 as reported in IRS 990 filings.
Where is Metedeconk River Yacht Club Inc located?
Metedeconk River Yacht Club Inc is based in Brick, New Jersey.
What is Metedeconk River Yacht Club Inc's EIN?
Metedeconk River Yacht Club Inc's Employer Identification Number (EIN) is 221774665. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Metedeconk River Yacht Club Inc?
Metedeconk River Yacht Club Inc is classified under NTEE code Unknown (Unknown).
Is Metedeconk River Yacht Club Inc a registered 501(c)(3)?
Metedeconk River Yacht Club Inc appears in IRS records (EIN: 221774665). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Metedeconk River Yacht Club Inc file IRS Form 990?
Yes, Metedeconk River Yacht Club Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Metedeconk River Yacht Club Inc's revenue in 2023?
In the 202312 filing period, Metedeconk River Yacht Club Inc reported total revenue of $903,330, total expenses of $907,991, and net assets of $1,765,903.
Is Metedeconk River Yacht Club Inc's revenue growing or declining?
Metedeconk River Yacht Club Inc's revenue is relatively stable. Revenue went from $916,975 (202212) to $903,330 (202312), a -1.5% change. Based on 14 filings on record.
What is Metedeconk River Yacht Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Metedeconk River Yacht Club Inc covers tax period 202312. It shows revenue of $903,330, expenses of $907,991, total assets of $1,765,903, and liabilities of $337,285.
Is Metedeconk River Yacht Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Metedeconk River Yacht Club Inc has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 3 strengths noted.
What are the red flags for Metedeconk River Yacht Club Inc?
The following concerns were identified: Lack of public program services: The organization's filings do not indicate any activities that directly benefit the general public, which is unusual for a nonprofit.. Private club nature: The consistent reporting of 0% public contributions and the name 'Yacht Club' suggest a private membership organization rather than a public charity.. Limited transparency on activities: The 990-EZ provides minimal detail on how funds are used beyond administrative expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Metedeconk River Yacht Club Inc's strengths?
Positive indicators for Metedeconk River Yacht Club Inc include: Consistent financial stability: The organization consistently reports positive net assets and manages its liabilities effectively over several years.. Low liabilities: Liabilities have remained relatively low compared to assets, indicating good financial management.. Stable revenue: Revenue streams have been consistent, providing a reliable financial base for the organization.. These findings are derived from AI analysis of the organization's financial filings.
How does Metedeconk River Yacht Club Inc compensate executives?
Executive compensation is not reported in the 990-EZ filings, as the organization likely does not meet the threshold for reporting highly compensated employees. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given its nonprofit status, what public benefit does the Metedeconk River Yacht Club Inc. provide, as it reports 0% public contributions and no program service accomplishments?
Based on the available 990-EZ filings, the organization appears to operate primarily as a private social club for its members, with no explicit public benefit programs or services reported. Its nonprofit status likely stems from its recreational or social club designation under IRS code, rather than a public charity.
Filing History
IRS 990 filing history for Metedeconk River Yacht Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Metedeconk River Yacht Club Inc's revenue has grown by 9.8%, moving from $822K to $903K. Total assets increased by 30.9% over the same period, from $1.3M to $1.8M. Total functional expenses rose by 54.9%, from $586K to $908K. In its most recent filing year (2023), Metedeconk River Yacht Club Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $337K in liabilities against $1.8M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $903K | $908K | $1.8M | $337K | — | — |
| 2022 | $917K | $902K | $1.8M | $337K | — | — |
| 2021 | $799K | $701K | $1.4M | $25K | — | View 990 |
| 2020 | $573K | $537K | $1.4M | $67K | — | — |
| 2019 | $738K | $719K | $1.4M | $106K | — | View 990 |
| 2018 | $728K | $699K | $1.4M | $142K | — | View 990 |
| 2017 | $710K | $670K | $1.4M | $177K | — | View 990 |
| 2016 | $686K | $721K | $1.4M | $211K | — | View 990 |
| 2015 | $734K | $762K | $1.5M | $235K | — | View 990 |
| 2014 | $718K | $631K | $1.5M | $257K | — | View 990 |
| 2013 | $729K | $616K | $1.5M | $303K | — | View 990 |
| 2012 | $669K | $604K | $1.4M | $340K | — | View 990 |
| 2011 | $675K | $599K | $1.4M | $375K | — | View 990 |
| 2010 | $822K | $586K | $1.3M | $410K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $903K, expenses of $908K, and assets of $1.8M (revenue -1.5% year-over-year).
- 2022: Revenue of $917K, expenses of $902K, and assets of $1.8M (revenue +14.8% year-over-year).
- 2021: Revenue of $799K, expenses of $701K, and assets of $1.4M (revenue +39.4% year-over-year).
- 2020: Revenue of $573K, expenses of $537K, and assets of $1.4M (revenue -22.3% year-over-year).
- 2019: Revenue of $738K, expenses of $719K, and assets of $1.4M (revenue +1.3% year-over-year).
- 2018: Revenue of $728K, expenses of $699K, and assets of $1.4M (revenue +2.6% year-over-year).
- 2017: Revenue of $710K, expenses of $670K, and assets of $1.4M (revenue +3.5% year-over-year).
- 2016: Revenue of $686K, expenses of $721K, and assets of $1.4M (revenue -6.5% year-over-year).
- 2015: Revenue of $734K, expenses of $762K, and assets of $1.5M (revenue +2.1% year-over-year).
- 2014: Revenue of $718K, expenses of $631K, and assets of $1.5M (revenue -1.4% year-over-year).
- 2013: Revenue of $729K, expenses of $616K, and assets of $1.5M (revenue +9.0% year-over-year).
- 2012: Revenue of $669K, expenses of $604K, and assets of $1.4M (revenue -0.9% year-over-year).
- 2011: Revenue of $675K, expenses of $599K, and assets of $1.4M (revenue -18.0% year-over-year).
- 2010: Revenue of $822K, expenses of $586K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Metedeconk River Yacht Club Inc:
Data Sources and Methodology
This transparency report for Metedeconk River Yacht 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.