New Buffalo Yacht Club
EIN: 381753534 · New Buffalo, MI
| Metric | Value |
|---|---|
| Total Revenue | $762K |
| Total Expenses | $559K |
| Net Assets | $91K |
Is New Buffalo 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 New Buffalo Yacht Club
New Buffalo Yacht Club (EIN: 381753534) is a nonprofit organization based in New Buffalo, MI. The organization reported total revenue of $762K and total assets of $716K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Buffalo Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Buffalo Yacht Club is a small nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $555K |
| Total Expenses | $559K |
| Surplus / Deficit | $-3,961 |
| Total Assets | $697K |
| Total Liabilities | $606K |
| Net Assets | $91K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 86.9% |
| Months of Reserves | 15.0 months |
Financial Health Grade: C
In 2023, New Buffalo Yacht Club reported a deficit of $4K with expenses exceeding revenue, holds 15.0 months of operating reserves (strong position), has a debt-to-asset ratio of 86.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Buffalo Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 8.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.9% | +27.7% | -1.7% |
| 2022 | +9.8% | +16.4% | +70.1% |
| 2021 | +10.7% | +35.5% | +23.3% |
| 2020 | +7.6% | -17.7% | +29.3% |
| 2019 | +11.4% | +25.9% | -4.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Buffalo 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 New Buffalo 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 $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 86.9%.
Frequently Asked Questions about New Buffalo Yacht Club
Is New Buffalo Yacht Club a legitimate charity?
New Buffalo Yacht Club (EIN: 381753534) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $762K. No red flags identified. Financial health grade: C.
How does New Buffalo Yacht Club spend its money?
New Buffalo Yacht Club reported $762K 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 New Buffalo Yacht Club tax-deductible?
New Buffalo Yacht Club is registered as a tax-exempt nonprofit (EIN: 381753534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Buffalo Yacht Club located?
New Buffalo Yacht Club is headquartered in New Buffalo, Michigan and files with the IRS under EIN 381753534.
How many years of IRS 990 filings does New Buffalo Yacht Club have?
New Buffalo 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 $762K in total revenue.
Filing History
IRS 990 filing history for New Buffalo Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Buffalo Yacht Club's revenue has grown by 175.9%, moving from $201K to $555K. Total assets increased by 728% over the same period, from $84K to $697K. Total functional expenses rose by 210.4%, from $180K to $559K. In its most recent filing year (2023), New Buffalo Yacht Club reported a deficit of $4K, with expenses exceeding revenue. The organization holds $606K in liabilities against $697K in assets (debt-to-asset ratio: 86.9%), resulting in net assets of $91K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $555K | $559K | $697K | $606K | — | — |
| 2022 | $415K | $438K | $709K | $584K | — | View 990 |
| 2021 | $378K | $376K | $417K | $417K | — | View 990 |
| 2020 | $341K | $278K | $338K | $339K | — | — |
| 2019 | $317K | $338K | $261K | $325K | — | View 990 |
| 2018 | $285K | $268K | $274K | $317K | — | View 990 |
| 2017 | $287K | $246K | $262K | $322K | — | — |
| 2016 | $191K | $221K | $271K | $314K | — | View 990 |
| 2015 | $200K | $177K | $305K | $319K | — | View 990 |
| 2014 | $140K | $190K | $366K | $369K | — | View 990 |
| 2013 | $158K | $240K | $333K | $350K | — | View 990 |
| 2012 | $161K | $178K | $332K | $287K | — | View 990 |
| 2011 | $201K | $180K | $84K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $555K, expenses of $559K, and assets of $697K (revenue +33.9% year-over-year).
- 2022: Revenue of $415K, expenses of $438K, and assets of $709K (revenue +9.8% year-over-year).
- 2021: Revenue of $378K, expenses of $376K, and assets of $417K (revenue +10.7% year-over-year).
- 2020: Revenue of $341K, expenses of $278K, and assets of $338K (revenue +7.6% year-over-year).
- 2019: Revenue of $317K, expenses of $338K, and assets of $261K (revenue +11.4% year-over-year).
- 2018: Revenue of $285K, expenses of $268K, and assets of $274K (revenue -0.7% year-over-year).
- 2017: Revenue of $287K, expenses of $246K, and assets of $262K (revenue +50.2% year-over-year).
- 2016: Revenue of $191K, expenses of $221K, and assets of $271K (revenue -4.5% year-over-year).
- 2015: Revenue of $200K, expenses of $177K, and assets of $305K (revenue +43.0% year-over-year).
- 2014: Revenue of $140K, expenses of $190K, and assets of $366K (revenue -11.3% year-over-year).
- 2013: Revenue of $158K, expenses of $240K, and assets of $333K (revenue -2.1% year-over-year).
- 2012: Revenue of $161K, expenses of $178K, and assets of $332K (revenue -20.0% year-over-year).
- 2011: Revenue of $201K, expenses of $180K, and assets of $84K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Buffalo Yacht Club:
Data Sources and Methodology
This transparency report for New Buffalo 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.