Northport Yacht Club Inc
Northport Yacht Club Inc. maintains stable finances with minimal operating surplus and no reported officer compensation.
EIN: 111580388 · Northport, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.2M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.0M |
| Transparency Score | 75/100 |
Is Northport Yacht Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Northport Yacht Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Northport Yacht Club Inc
Northport Yacht Club Inc (EIN: 111580388) is a nonprofit organization based in Northport, NY. The organization reported total revenue of $3.2M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Northport Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Northport Yacht Club Inc is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.1M |
| Surplus / Deficit | +$1K |
| Total Assets | $2.4M |
| Total Liabilities | $464K |
| Net Assets | $2.0M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 19.0% |
| Months of Reserves | 9.4 months |
Financial Health Grade: A
In 2023, Northport Yacht Club Inc reported a surplus of $1K with revenue exceeding expenses, holds 9.4 months of operating reserves (strong position), has a debt-to-asset ratio of 19.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Northport Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.1% | -2.9% | +4.2% |
| 2022 | +9.4% | +24.1% | -6.0% |
| 2021 | +17.4% | +11.7% | +7.2% |
| 2020 | -21.5% | -15.1% | +14.2% |
| 2019 | +3.4% | +2.4% | +12.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Northport Yacht 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Northport Yacht Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization with over $3 million in annual revenue.
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 Northport Yacht Club Inc's IRS 990 filings:
- NTEE Code is unknown, limiting understanding of specific charitable purpose.
- Lack of detailed expense breakdown prevents granular analysis of program vs. administrative spending.
Strengths
The following positive indicators were identified for Northport Yacht Club Inc:
- Consistent financial stability with revenues generally covering expenses.
- Zero reported officer compensation across all filings, indicating high efficiency in leadership costs.
- Steady growth in assets from $1,419,019 in 2015 to $2,442,969 in 2023.
- Liabilities remain a relatively small portion of total assets, indicating good financial management.
Frequently Asked Questions about Northport Yacht Club Inc
Is Northport Yacht Club Inc a legitimate charity?
Northport Yacht Club Inc (EIN: 111580388) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.2M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Northport Yacht Club Inc spend its money?
Northport Yacht Club Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Northport Yacht Club Inc tax-deductible?
Northport Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 111580388). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Northport Yacht Club Inc CEO make?
Northport Yacht Club Inc's highest-compensated officer earns $3 annually. The organization reported $3.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Northport Yacht Club Inc's spending goes to programs?
Northport Yacht Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Northport Yacht Club Inc located?
Northport Yacht Club Inc is headquartered in Northport, New York and files with the IRS under EIN 111580388.
How many years of IRS 990 filings does Northport Yacht Club Inc have?
Northport Yacht Club Inc 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 $3.2M in total revenue.
What are the primary expense categories for Northport Yacht Club Inc.?
Based on the available data, specific expense categories are not detailed. However, given it's a yacht club, expenses likely include facility maintenance, event hosting, and member services.
How does Northport Yacht Club Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization's leadership roles are either filled by volunteers or compensated through means not classified as officer compensation on the IRS 990, indicating a highly cost-efficient governance structure.
Is Northport Yacht Club Inc. financially sustainable?
Yes, the organization appears financially sustainable, consistently generating revenues that cover its expenses, as seen in the 202312 filing where revenue was $3,113,618 and expenses were $3,112,178. Assets have also shown consistent growth over the past decade.
Filing History
IRS 990 filing history for Northport Yacht Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Northport Yacht Club Inc's revenue has grown by 104.8%, moving from $1.5M to $3.1M. Total assets increased by 43.6% over the same period, from $1.7M to $2.4M. Total functional expenses rose by 139.6%, from $1.3M to $3.1M. In its most recent filing year (2023), Northport Yacht Club Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $464K in liabilities against $2.4M in assets (debt-to-asset ratio: 19.0%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.1M | $2.4M | $464K | — | — |
| 2022 | $2.9M | $3.2M | $2.3M | $409K | — | View 990 |
| 2021 | $2.6M | $2.6M | $2.5M | $339K | — | View 990 |
| 2020 | $2.2M | $2.3M | $2.3M | $539K | — | — |
| 2019 | $2.9M | $2.7M | $2.0M | $306K | — | View 990 |
| 2018 | $2.8M | $2.7M | $1.8M | $192K | — | View 990 |
| 2017 | $2.5M | $2.3M | $1.7M | $142K | — | View 990 |
| 2016 | $2.1M | $2.2M | $1.6M | $239K | — | View 990 |
| 2015 | $2.2M | $2.1M | $1.4M | $74K | — | View 990 |
| 2014 | $1.7M | $1.7M | $1.5M | $119K | — | View 990 |
| 2013 | $1.7M | $1.5M | $1.6M | $233K | — | View 990 |
| 2012 | $1.5M | $244K | $1.7M | $266K | — | View 990 |
| 2011 | $1.5M | $1.3M | $1.7M | $238K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.1M, and assets of $2.4M (revenue +8.1% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.2M, and assets of $2.3M (revenue +9.4% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.6M, and assets of $2.5M (revenue +17.4% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $2.3M (revenue -21.5% year-over-year).
- 2019: Revenue of $2.9M, expenses of $2.7M, and assets of $2.0M (revenue +3.4% year-over-year).
- 2018: Revenue of $2.8M, expenses of $2.7M, and assets of $1.8M (revenue +12.0% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.3M, and assets of $1.7M (revenue +15.8% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.2M, and assets of $1.6M (revenue -3.7% year-over-year).
- 2015: Revenue of $2.2M, expenses of $2.1M, and assets of $1.4M (revenue +31.3% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.7M, and assets of $1.5M (revenue +1.6% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.5M, and assets of $1.6M (revenue +7.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $244K, and assets of $1.7M (revenue +1.7% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.3M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Northport Yacht Club Inc:
Data Sources and Methodology
This transparency report for Northport Yacht 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.