Mill River Club Inc

Search Intent Cockpit

Mill River Club Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Mill River Club Inc 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 Mill River Club Inc in one place.

Is Mill River Club Inc 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, Mill River Club Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

Decision Cockpit

One-Stop Donor, Research, and Peer Context Hub

Donation Decision Flow

From Trust Check to Better Alternatives

Alternative Shopping

Similar Nonprofits Donors Should Compare

Next Best Actions

Keep the Investigation Moving

Mill River Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Mill River Club Inc

Mill River Club Inc (EIN: 112028458) is a nonprofit organization based in Oyster Bay, NY. The organization reported total revenue of $10.9M and total assets of $13.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mill River Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Mill River Club Inc is a large nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Mill River Club Inc reported a surplus of $434K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 62.5% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Mill River Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.

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 Mill River 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: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, Mill River Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $434K, with revenue exceeding expenses.
• Debt-to-asset ratio: 62.5%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with over $9 million in annual revenue and $12 million in assets. This suggests either a fully volunteer leadership or compensation being reported under other expense categories, which warrants further investigation for complete transparency.

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 Mill River Club Inc's IRS 990 filings:

• Unknown NTEE code, hindering mission clarity and comparative analysis
• Consistent 0% officer compensation despite significant revenue and assets, raising questions about executive remuneration reporting practices
• Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data

Strengths

The following positive indicators were identified for Mill River Club Inc:

• Consistent positive net income, with revenues generally exceeding expenses (e.g., 2023 revenue $9,086,309 vs. expenses $8,652,695)
• Steady growth in assets over the past decade, from $8.7M in 2014 to $12.2M in 2023, indicating financial stability
• Consistent filing of IRS Form 990s, demonstrating regulatory compliance

Frequently Asked Questions about Mill River Club Inc

Filing History

IRS 990 filing history for Mill River Club Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mill River Club Inc's revenue has grown by 50.2%, moving from $6.0M to $9.1M. Total assets increased by 31.8% over the same period, from $9.3M to $12.3M. Total functional expenses rose by 37.6%, from $6.3M to $8.7M. In its most recent filing year (2023), Mill River Club Inc reported a surplus of $434K, with revenue exceeding expenses. The organization holds $7.7M in liabilities against $12.3M in assets (debt-to-asset ratio: 62.5%), resulting in net assets of $4.6M.

Year-by-Year Financial Summary

• 2023: Revenue of $9.1M, expenses of $8.7M, and assets of $12.3M (revenue +8.2% year-over-year).
• 2022: Revenue of $8.4M, expenses of $8.3M, and assets of $11.7M (revenue +0.7% year-over-year).
• 2021: Revenue of $8.3M, expenses of $7.9M, and assets of $11.7M (revenue +15.9% year-over-year).
• 2020: Revenue of $7.2M, expenses of $6.8M, and assets of $11.6M (revenue -14.5% year-over-year).
• 2019: Revenue of $8.4M, expenses of $8.1M, and assets of $11.7M (revenue +10.8% year-over-year).
• 2018: Revenue of $7.6M, expenses of $7.6M, and assets of $11.1M (revenue +10.8% year-over-year).
• 2017: Revenue of $6.9M, expenses of $7.2M, and assets of $8.7M (revenue -2.5% year-over-year).
• 2016: Revenue of $7.0M, expenses of $7.3M, and assets of $9.1M (revenue -0.8% year-over-year).
• 2015: Revenue of $7.1M, expenses of $7.3M, and assets of $8.9M (revenue +1.2% year-over-year).
• 2014: Revenue of $7.0M, expenses of $6.8M, and assets of $8.7M (revenue +5.7% year-over-year).
• 2013: Revenue of $6.6M, expenses of $6.9M, and assets of $8.8M (revenue +17.1% year-over-year).
• 2012: Revenue of $5.7M, expenses of $6.4M, and assets of $8.9M (revenue -6.5% year-over-year).
• 2011: Revenue of $6.0M, expenses of $6.3M, and assets of $9.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Mill River Club Inc:

Data Sources and Methodology

This transparency report for Mill River 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.