Morristown Club
Morristown Club: Declining Revenue, Stable Assets, and Unclear Mission
EIN: 221128520 · Morristown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $882K |
| Total Expenses | $383K |
| Net Assets | $588K |
| Transparency Score | 30/100 |
Is Morristown Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Morristown Club
Morristown Club (EIN: 221128520) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $882K and total assets of $680K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morristown Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morristown Club is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $406K |
| Total Expenses | $383K |
| Surplus / Deficit | +$23K |
| Total Assets | $884K |
| Total Liabilities | $296K |
| Net Assets | $588K |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 33.5% |
| Months of Reserves | 27.7 months |
Financial Health Grade: A
In 2023, Morristown Club reported a surplus of $23K with revenue exceeding expenses, holds 27.7 months of operating reserves (strong position), has a debt-to-asset ratio of 33.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morristown Club's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.6% | +3.9% | +4.7% |
| 2022 | -45.9% | +2.7% | -8.4% |
| 2021 | +90.6% | +4.2% | +26.6% |
| 2020 | -34.5% | -8.7% | -10.2% |
| 2019 | +38.3% | +2.2% | +12.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1984 |
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 Morristown Club with a Mission Score of 30 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, Morristown Club 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 surplus of $23K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Morristown Club's IRS 990 filings:
- Consistent 0% program service expenses across all reported years raises significant concerns about the organization's charitable purpose.
- The organization's revenue has fluctuated significantly, with a notable decline from $574,303 in 2021 to $405,801 in 2023.
- Lack of a clear mission statement or description of activities makes it difficult to understand the organization's impact.
Strengths
The following positive indicators were identified for Morristown Club:
- The organization maintains a healthy asset base, with total assets consistently above $700,000, reaching $884,140 in 2023.
Frequently Asked Questions about Morristown Club
Is Morristown Club a legitimate charity?
Morristown Club (EIN: 221128520) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 30/100. It has 13 years of IRS 990 filings on record. Total revenue: $882K. 3 red flags identified. 1 strength noted. Financial health grade: A.
How does Morristown Club spend its money?
Morristown Club reported $882K 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 Morristown Club tax-deductible?
Morristown Club is registered as a tax-exempt nonprofit (EIN: 221128520). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Morristown Club located?
Morristown Club is headquartered in Morristown, New Jersey and files with the IRS under EIN 221128520.
How many years of IRS 990 filings does Morristown Club have?
Morristown 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 $882K in total revenue.
What does Morristown Club do?
Morristown Club is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Morristown Club have?
Morristown Club reported total revenue of $881,701. Based on 13 IRS 990 filings on record.
What are Morristown Club's total assets?
Morristown Club holds total assets of $680,323 as reported in IRS 990 filings.
Where is Morristown Club located?
Morristown Club is based in Morristown, New Jersey.
What is Morristown Club's EIN?
Morristown Club's Employer Identification Number (EIN) is 221128520. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Morristown Club?
Morristown Club is classified under NTEE code Unknown (Unknown).
Is Morristown Club a registered 501(c)(3)?
Morristown Club appears in IRS records (EIN: 221128520). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Morristown Club file IRS Form 990?
Yes, Morristown Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Morristown Club's revenue in 2023?
In the 202312 filing period, Morristown Club reported total revenue of $405,801, total expenses of $383,017, and net assets of $884,140.
Is Morristown Club's revenue growing or declining?
Morristown Club's revenue is growing. Revenue went from $310,728 (202212) to $405,801 (202312), a +30.6% change. Based on 13 filings on record.
What is Morristown Club's most recent 990 filing?
The most recent IRS Form 990 filing for Morristown Club covers tax period 202312. It shows revenue of $405,801, expenses of $383,017, total assets of $884,140, and liabilities of $296,167.
Is Morristown Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Morristown Club has notable concerns. Mission Score: 30/100 (Poor). 3 red flags identified. 1 strength noted.
What are the red flags for Morristown Club?
The following concerns were identified: Consistent 0% program service expenses across all reported years raises significant concerns about the organization's charitable purpose.. The organization's revenue has fluctuated significantly, with a notable decline from $574,303 in 2021 to $405,801 in 2023.. Lack of a clear mission statement or description of activities makes it difficult to understand the organization's impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Morristown Club's strengths?
Positive indicators for Morristown Club include: The organization maintains a healthy asset base, with total assets consistently above $700,000, reaching $884,140 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Morristown Club compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% program service expenses, what is the primary function or purpose of the Morristown Club, and how does it align with its nonprofit status?
Without further information, it appears the Morristown Club may primarily function as a social club or membership organization rather than a traditional charitable nonprofit, given its lack of reported program service expenses. This raises questions about its tax-exempt status if it's not providing public benefit.
Filing History
IRS 990 filing history for Morristown Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morristown Club's revenue has declined by 2.5%, moving from $416K to $406K. Total assets increased by 0.2% over the same period, from $883K to $884K. Total functional expenses rose by 15.3%, from $332K to $383K. In its most recent filing year (2023), Morristown Club reported a surplus of $23K, with revenue exceeding expenses. The organization holds $296K in liabilities against $884K in assets (debt-to-asset ratio: 33.5%), resulting in net assets of $588K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $406K | $383K | $884K | $296K | — | — |
| 2022 | $311K | $369K | $844K | $279K | — | — |
| 2021 | $574K | $359K | $922K | $298K | — | View 990 |
| 2020 | $301K | $344K | $728K | $320K | — | — |
| 2019 | $460K | $377K | $810K | $359K | — | View 990 |
| 2018 | $333K | $369K | $720K | $352K | — | View 990 |
| 2017 | $339K | $345K | $705K | $301K | — | View 990 |
| 2016 | $385K | $343K | $727K | $316K | — | View 990 |
| 2015 | $380K | $355K | $661K | $291K | — | View 990 |
| 2014 | $252K | $355K | $691K | $346K | — | View 990 |
| 2013 | $310K | $350K | $777K | $330K | — | View 990 |
| 2012 | $273K | $352K | $795K | $307K | — | View 990 |
| 2011 | $416K | $332K | $883K | $315K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $406K, expenses of $383K, and assets of $884K (revenue +30.6% year-over-year).
- 2022: Revenue of $311K, expenses of $369K, and assets of $844K (revenue -45.9% year-over-year).
- 2021: Revenue of $574K, expenses of $359K, and assets of $922K (revenue +90.6% year-over-year).
- 2020: Revenue of $301K, expenses of $344K, and assets of $728K (revenue -34.5% year-over-year).
- 2019: Revenue of $460K, expenses of $377K, and assets of $810K (revenue +38.3% year-over-year).
- 2018: Revenue of $333K, expenses of $369K, and assets of $720K (revenue -1.9% year-over-year).
- 2017: Revenue of $339K, expenses of $345K, and assets of $705K (revenue -11.9% year-over-year).
- 2016: Revenue of $385K, expenses of $343K, and assets of $727K (revenue +1.4% year-over-year).
- 2015: Revenue of $380K, expenses of $355K, and assets of $661K (revenue +50.5% year-over-year).
- 2014: Revenue of $252K, expenses of $355K, and assets of $691K (revenue -18.6% year-over-year).
- 2013: Revenue of $310K, expenses of $350K, and assets of $777K (revenue +13.6% year-over-year).
- 2012: Revenue of $273K, expenses of $352K, and assets of $795K (revenue -34.4% year-over-year).
- 2011: Revenue of $416K, expenses of $332K, and assets of $883K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morristown Club:
Data Sources and Methodology
This transparency report for Morristown 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.