Mill River Club Inc

Mill River Club Inc. consistently generates revenue exceeding expenses, with growing assets and no reported officer compensation.

EIN: 112028458 · Oyster Bay, NY · Updated: 2026-03-28

$10.9MRevenue

$13.7MAssets

75/100Mission Score (Good)

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.

AI Transparency Report

Mill River Club Inc. demonstrates consistent financial activity, with revenues generally exceeding expenses in recent years. For example, in 2023, revenue was $9,086,309 against expenses of $8,652,695, indicating a surplus. The organization's assets have shown a steady increase over the past decade, growing from $8,718,877 in 2014 to $12,270,771 in 2023, suggesting financial stability and growth. However, the NTEE code is unknown, which can sometimes hinder a clear understanding of its specific programmatic focus and impact.

The organization's financial health appears sound, with a positive net income in most recent periods. The absence of reported officer compensation across all available filings is a notable point regarding executive remuneration, suggesting either a volunteer leadership structure or compensation being reported under different categories not immediately apparent as 'officer compensation'. Without a breakdown of expenses into program, administrative, and fundraising categories, it's challenging to fully assess spending efficiency and the proportion of funds directly supporting its mission.

Transparency could be enhanced by providing more detailed information on the NTEE code and a clear functional expense breakdown. While the consistent filing of IRS Form 990s demonstrates compliance, a deeper dive into how expenses are categorized would offer greater insight into how effectively funds are being utilized to achieve its stated purpose, especially given its substantial revenue and asset base.

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.

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

What is the NTEE code and primary mission of Mill River Club Inc.?

The NTEE code for Mill River Club Inc. is currently unknown based on the provided data, which makes it difficult to precisely determine its primary mission and compare its financial performance against similar organizations.

How are executive salaries and benefits handled if officer compensation is reported as 0%?

The consistent reporting of 0% officer compensation suggests that either the leadership is entirely volunteer-based, or executive compensation is categorized under other expense lines, such as 'salaries and wages' for non-officer employees, or as a management fee to an external entity. Further detail from the full 990 filing would be needed to clarify this.

What is the breakdown of program, administrative, and fundraising expenses?

The provided data does not offer a detailed functional expense breakdown, making it challenging to precisely determine the percentages allocated to programs, administration, and fundraising. This information is crucial for assessing spending efficiency.

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	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$9.1M	$8.7M	$12.3M	$7.7M	—	—
2022	$8.4M	$8.3M	$11.7M	$7.5M	—	View 990
2021	$8.3M	$7.9M	$11.7M	$7.6M	—	View 990
2020	$7.2M	$6.8M	$11.6M	$7.9M	—	—
2019	$8.4M	$8.1M	$11.7M	$8.4M	—	View 990
2018	$7.6M	$7.6M	$11.1M	$8.2M	—	View 990
2017	$6.9M	$7.2M	$8.7M	$5.7M	—	View 990
2016	$7.0M	$7.3M	$9.1M	$5.9M	—	View 990
2015	$7.1M	$7.3M	$8.9M	$5.3M	—	View 990
2014	$7.0M	$6.8M	$8.7M	$4.9M	—	View 990
2013	$6.6M	$6.9M	$8.8M	$5.2M	—	View 990
2012	$5.7M	$6.4M	$8.9M	$5.2M	—	View 990
2011	$6.0M	$6.3M	$9.3M	$5.2M	—	View 990

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.

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.