Mountain Lakes Club
Mountain Lakes Club: Declining Revenue and Assets Raise Sustainability Concerns
EIN: 221131080 · Mountain Lks, NJ · Updated: 2026-04-04
About Mountain Lakes Club
Mountain Lakes Club (EIN: 221131080) is a nonprofit organization based in Mountain Lks, NJ. The organization reported total revenue of $787K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mountain Lakes Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mountain Lakes Club with a Mission Score of 40 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Mountain Lakes Club allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
The organization reports $0 in compensation for all officers, directors, trustees, and key employees in its 2021 filing, which is an atypical finding for an organization with reported expenses.
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 Mountain Lakes Club's IRS 990 filings:
- Zero reported program, administrative, and fundraising expenses in 2021, despite reporting total expenses of $1,303,047.
- Consistent decline in total revenue from $928,468 in 2019 to $631,174 in 2021.
- Significant decrease in total assets from $2,844,616 in 2014 to $1,409,692 in 2021.
- The nature of the organization ('nt' field is '?') is unclear, making it difficult to assess its mission and impact.
Strengths
The following positive indicators were identified for Mountain Lakes Club:
- The organization has maintained a consistent level of liabilities over several years, suggesting stable debt management.
Frequently Asked Questions about Mountain Lakes Club
What does Mountain Lakes Club do?
Mountain Lakes Club is a nonprofit organization in the Unknown sector, located in Mountain Lks, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Mountain Lakes Club have?
Mountain Lakes Club reported total revenue of $787,477. Based on 10 IRS 990 filings on record.
What are Mountain Lakes Club's total assets?
Mountain Lakes Club holds total assets of $1,409,692 as reported in IRS 990 filings.
Where is Mountain Lakes Club located?
Mountain Lakes Club is based in Mountain Lks, New Jersey.
What is Mountain Lakes Club's EIN?
Mountain Lakes Club's Employer Identification Number (EIN) is 221131080. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mountain Lakes Club?
Mountain Lakes Club is classified under NTEE code Unknown (Unknown).
Is Mountain Lakes Club a registered 501(c)(3)?
Mountain Lakes Club appears in IRS records (EIN: 221131080). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Mountain Lakes Club file IRS Form 990?
Yes, Mountain Lakes Club has 10 IRS Form 990 filings on record. The most recent covers tax period 202103.
What was Mountain Lakes Club's revenue in 2021?
In the 202103 filing period, Mountain Lakes Club reported total revenue of $631,174, total expenses of $1,303,047, and net assets of $1,409,692.
Is Mountain Lakes Club's revenue growing or declining?
Mountain Lakes Club's revenue is declining. Revenue went from $837,564 (202003) to $631,174 (202103), a -24.6% change. Based on 10 filings on record.
What is Mountain Lakes Club's most recent 990 filing?
The most recent IRS Form 990 filing for Mountain Lakes Club covers tax period 202103. It shows revenue of $631,174, expenses of $1,303,047, total assets of $1,409,692, and liabilities of $4,022,203.
Is Mountain Lakes Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Mountain Lakes Club shows mixed signals. Mission Score: 40/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Mountain Lakes Club?
The following concerns were identified: Zero reported program, administrative, and fundraising expenses in 2021, despite reporting total expenses of $1,303,047.. Consistent decline in total revenue from $928,468 in 2019 to $631,174 in 2021.. Significant decrease in total assets from $2,844,616 in 2014 to $1,409,692 in 2021.. The nature of the organization ('nt' field is '?') is unclear, making it difficult to assess its mission and impact.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mountain Lakes Club's strengths?
Positive indicators for Mountain Lakes Club include: The organization has maintained a consistent level of liabilities over several years, suggesting stable debt management.. These findings are derived from AI analysis of the organization's financial filings.
How does Mountain Lakes Club compensate executives?
The organization reports $0 in compensation for all officers, directors, trustees, and key employees in its 2021 filing, which is an atypical finding for an organization with reported expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Mountain Lakes Club operate with zero reported program, administrative, and fundraising expenses, yet incur over $1.3 million in total expenses in 2021?
The discrepancy between reported total expenses and zero breakdown across program, administrative, and fundraising categories in the 2021 filing suggests a potential misclassification of expenses or an incomplete reporting, which requires further clarification from the organization.
What is the specific mission and activities of Mountain Lakes Club, given the lack of information in the 'nt' field and the absence of program expenses?
Without a clear description of its mission and activities, and with no reported program expenses, it is challenging to understand how Mountain Lakes Club fulfills any charitable purpose or provides public benefit. This lack of transparency is a significant concern for a nonprofit.
Filing History
IRS 990 filing history for Mountain Lakes Club showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Mountain Lakes Club's revenue has declined by 20.1%, moving from $790K to $631K. Total assets decreased by 54.8% over the same period, from $3.1M to $1.4M. Total functional expenses rose by 34.7%, from $967K to $1.3M. In its most recent filing year (2021), Mountain Lakes Club reported a deficit of $672K, with expenses exceeding revenue. The organization holds $4.0M in liabilities against $1.4M in assets (debt-to-asset ratio: 285.3%), resulting in net assets of $-2,612,511.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2021 | $631K | $1.3M | $1.4M | $4.0M | — | — |
| 2020 | $838K | $1.5M | $1.7M | $3.6M | — | — |
| 2019 | $928K | $1.1M | $2.1M | $3.3M | — | View 990 |
| 2018 | $545K | $805K | $2.0M | $3.1M | — | View 990 |
| 2017 | $626K | $821K | $2.4M | $3.3M | — | — |
| 2016 | $841K | $891K | $2.5M | $3.2M | — | View 990 |
| 2015 | $838K | $927K | $2.7M | $3.3M | — | View 990 |
| 2014 | $782K | $915K | $2.8M | $3.4M | — | View 990 |
| 2013 | $857K | $925K | $3.0M | $3.4M | — | View 990 |
| 2012 | $790K | $967K | $3.1M | $3.5M | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $631K, expenses of $1.3M, and assets of $1.4M (revenue -24.6% year-over-year).
- 2020: Revenue of $838K, expenses of $1.5M, and assets of $1.7M (revenue -9.8% year-over-year).
- 2019: Revenue of $928K, expenses of $1.1M, and assets of $2.1M (revenue +70.3% year-over-year).
- 2018: Revenue of $545K, expenses of $805K, and assets of $2.0M (revenue -12.9% year-over-year).
- 2017: Revenue of $626K, expenses of $821K, and assets of $2.4M (revenue -25.6% year-over-year).
- 2016: Revenue of $841K, expenses of $891K, and assets of $2.5M (revenue +0.5% year-over-year).
- 2015: Revenue of $838K, expenses of $927K, and assets of $2.7M (revenue +7.1% year-over-year).
- 2014: Revenue of $782K, expenses of $915K, and assets of $2.8M (revenue -8.8% year-over-year).
- 2013: Revenue of $857K, expenses of $925K, and assets of $3.0M (revenue +8.5% year-over-year).
- 2012: Revenue of $790K, expenses of $967K, and assets of $3.1M.
Data Sources and Methodology
This transparency report for Mountain Lakes 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.