Nanticoke River Yacht Club
EIN: 510165265 · Seaford, DE
| Metric | Value |
|---|---|
| Total Revenue | $59K |
| Total Expenses | $53K |
| Net Assets | $173K |
Is Nanticoke River Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nanticoke River Yacht Club
Nanticoke River Yacht Club (EIN: 510165265) is a nonprofit organization based in Seaford, DE. The organization reported total revenue of $59K and total assets of $221K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nanticoke River Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nanticoke River Yacht Club is a micro nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51K |
| Total Expenses | $53K |
| Surplus / Deficit | $-2,013 |
| Total Assets | $221K |
| Total Liabilities | $48K |
| Net Assets | $173K |
| Operating Margin | -3.9% |
| Debt-to-Asset Ratio | 21.9% |
| Months of Reserves | 50.0 months |
Financial Health Grade: B
In 2023, Nanticoke River Yacht Club reported a deficit of $2K with expenses exceeding revenue, holds 50.0 months of operating reserves (strong position), has a debt-to-asset ratio of 21.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nanticoke River Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.2% | +24.1% | +0.9% |
| 2022 | +37.3% | +25.7% | -3.0% |
| 2021 | +47.1% | +37.6% | -3.1% |
| 2020 | +109.8% | +143.8% | +1.2% |
| 2019 | -77.3% | -73.7% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nanticoke River Yacht Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nanticoke River Yacht Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.9%.
Frequently Asked Questions about Nanticoke River Yacht Club
Is Nanticoke River Yacht Club a legitimate charity?
Nanticoke River Yacht Club (EIN: 510165265) is a registered tax-exempt nonprofit based in Delaware. It has 13 years of IRS 990 filings on record. Total revenue: $59K. No red flags identified. Financial health grade: B.
How does Nanticoke River Yacht Club spend its money?
Nanticoke River Yacht Club reported $59K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nanticoke River Yacht Club tax-deductible?
Nanticoke River Yacht Club is registered as a tax-exempt nonprofit (EIN: 510165265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nanticoke River Yacht Club located?
Nanticoke River Yacht Club is headquartered in Seaford, Delaware and files with the IRS under EIN 510165265.
How many years of IRS 990 filings does Nanticoke River Yacht Club have?
Nanticoke River Yacht 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 $59K in total revenue.
Filing History
IRS 990 filing history for Nanticoke River Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nanticoke River Yacht Club's revenue has grown by 68.9%, moving from $30K to $51K. Total assets increased by 21% over the same period, from $183K to $221K. Total functional expenses rose by 98.5%, from $27K to $53K. In its most recent filing year (2023), Nanticoke River Yacht Club reported a deficit of $2K, with expenses exceeding revenue. The organization holds $48K in liabilities against $221K in assets (debt-to-asset ratio: 21.9%), resulting in net assets of $173K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51K | $53K | $221K | $48K | — | — |
| 2022 | $36K | $43K | $219K | $47K | — | — |
| 2021 | $27K | $34K | $226K | $48K | — | — |
| 2020 | $18K | $25K | $233K | $47K | — | — |
| 2019 | $9K | $10K | $230K | $47K | — | — |
| 2018 | $38K | $39K | $232K | $47K | — | View 990 |
| 2017 | $54K | $44K | $233K | $47K | — | View 990 |
| 2016 | $51K | $43K | $222K | $47K | — | View 990 |
| 2015 | $48K | $35K | $214K | $47K | — | View 990 |
| 2014 | $42K | $37K | $201K | $47K | — | View 990 |
| 2013 | $36K | $31K | $196K | $47K | — | View 990 |
| 2012 | $41K | $31K | $190K | $47K | — | View 990 |
| 2011 | $30K | $27K | $183K | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51K, expenses of $53K, and assets of $221K (revenue +40.2% year-over-year).
- 2022: Revenue of $36K, expenses of $43K, and assets of $219K (revenue +37.3% year-over-year).
- 2021: Revenue of $27K, expenses of $34K, and assets of $226K (revenue +47.1% year-over-year).
- 2020: Revenue of $18K, expenses of $25K, and assets of $233K (revenue +109.8% year-over-year).
- 2019: Revenue of $9K, expenses of $10K, and assets of $230K (revenue -77.3% year-over-year).
- 2018: Revenue of $38K, expenses of $39K, and assets of $232K (revenue -29.6% year-over-year).
- 2017: Revenue of $54K, expenses of $44K, and assets of $233K (revenue +4.9% year-over-year).
- 2016: Revenue of $51K, expenses of $43K, and assets of $222K (revenue +6.9% year-over-year).
- 2015: Revenue of $48K, expenses of $35K, and assets of $214K (revenue +13.3% year-over-year).
- 2014: Revenue of $42K, expenses of $37K, and assets of $201K (revenue +17.9% year-over-year).
- 2013: Revenue of $36K, expenses of $31K, and assets of $196K (revenue -12.9% year-over-year).
- 2012: Revenue of $41K, expenses of $31K, and assets of $190K (revenue +36.5% year-over-year).
- 2011: Revenue of $30K, expenses of $27K, and assets of $183K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nanticoke River Yacht Club:
Data Sources and Methodology
This transparency report for Nanticoke River Yacht 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.