Packanack Lake Country Club & Community Association
Packanack Lake Country Club: Stable Finances, Limited Public Transparency
EIN: 221178035 · Wayne, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Program Spending | 75% |
| Net Assets | $1.3M |
| Transparency Score | 60/100 |
Is Packanack Lake Country Club & Community Association Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Packanack Lake Country Club & Community Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Packanack Lake Country Club & Community Association
Packanack Lake Country Club & Community Association (EIN: 221178035) is a nonprofit organization based in Wayne, NJ. The organization reported total revenue of $1.3M and total assets of $980K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Packanack Lake Country Club & Community Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Packanack Lake Country Club & Community Association is a mid-size nonprofit that has been operating for 81 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$23K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 1.9% |
| Months of Reserves | 13.1 months |
Financial Health Grade: A
In 2022, Packanack Lake Country Club & Community Association reported a surplus of $23K with revenue exceeding expenses, holds 13.1 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2022), Packanack Lake Country Club & Community Association's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +4.0% | -0.7% | +1.8% |
| 2021 | +14.5% | +14.4% | -1.9% |
| 2020 | -20.5% | -18.7% | +0.4% |
| 2019 | -3.3% | +14.3% | -0.6% |
| 2018 | +1.0% | +0.4% | +17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1945 |
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 Packanack Lake Country Club & Community Association with a Mission Score of 60 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Packanack Lake Country Club & Community Association allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $23K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided IRS filings, making a detailed assessment impossible. The organization reports zero compensation to officers, directors, trustees, and key employees, which is unusual for an organization of its size.
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 Packanack Lake Country Club & Community Association's IRS 990 filings:
- Lack of detailed financial transparency beyond basic IRS Form 990 data.
- No disclosed executive compensation, which could indicate underreporting or a fully volunteer-run leadership, the latter being less common for an organization with over $1 million in revenue.
- The organization's primary purpose appears to be a country club and community association, which may not align with traditional 'nonprofit' charitable missions for public benefit.
Strengths
The following positive indicators were identified for Packanack Lake Country Club & Community Association:
- Consistent revenue generation, averaging over $1.2 million annually.
- Healthy asset base, consistently above $900,000, indicating financial stability.
- Low liabilities reported across all years, suggesting good financial management and minimal debt.
- Consistent operational history dating back to at least 2015.
Frequently Asked Questions about Packanack Lake Country Club & Community Association
Is Packanack Lake Country Club & Community Association a legitimate charity?
Packanack Lake Country Club & Community Association (EIN: 221178035) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 60/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.3M. 3 red flags identified. 4 strengths noted. Financial health grade: A.
How does Packanack Lake Country Club & Community Association spend its money?
Packanack Lake Country Club & Community Association directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Packanack Lake Country Club & Community Association tax-deductible?
Packanack Lake Country Club & Community Association is registered as a tax-exempt nonprofit (EIN: 221178035). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Packanack Lake Country Club & Community Association's spending goes to programs?
Packanack Lake Country Club & Community Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Packanack Lake Country Club & Community Association located?
Packanack Lake Country Club & Community Association is headquartered in Wayne, New Jersey and files with the IRS under EIN 221178035.
How many years of IRS 990 filings does Packanack Lake Country Club & Community Association have?
Packanack Lake Country Club & Community Association has 12 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 $1.3M in total revenue.
What does Packanack Lake Country Club & Community Association do?
Packanack Lake Country Club & Community Association is a nonprofit organization in the Unknown sector, located in Wayne, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Packanack Lake Country Club & Community Association have?
Packanack Lake Country Club & Community Association reported total revenue of $1,276,551. Based on 12 IRS 990 filings on record.
What are Packanack Lake Country Club & Community Association's total assets?
Packanack Lake Country Club & Community Association holds total assets of $980,306 as reported in IRS 990 filings.
Where is Packanack Lake Country Club & Community Association located?
Packanack Lake Country Club & Community Association is based in Wayne, New Jersey.
What is Packanack Lake Country Club & Community Association's EIN?
Packanack Lake Country Club & Community Association's Employer Identification Number (EIN) is 221178035. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Packanack Lake Country Club & Community Association?
Packanack Lake Country Club & Community Association is classified under NTEE code Unknown (Unknown).
Is Packanack Lake Country Club & Community Association a registered 501(c)(3)?
Packanack Lake Country Club & Community Association appears in IRS records (EIN: 221178035). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Packanack Lake Country Club & Community Association file IRS Form 990?
Yes, Packanack Lake Country Club & Community Association has 12 IRS Form 990 filings on record. The most recent covers tax period 202212.
What was Packanack Lake Country Club & Community Association's revenue in 2022?
In the 202212 filing period, Packanack Lake Country Club & Community Association reported total revenue of $1,215,606, total expenses of $1,192,173, and net assets of $1,306,052.
Is Packanack Lake Country Club & Community Association's revenue growing or declining?
Packanack Lake Country Club & Community Association's revenue is relatively stable. Revenue went from $1,169,147 (202112) to $1,215,606 (202212), a +4.0% change. Based on 12 filings on record.
What is Packanack Lake Country Club & Community Association's most recent 990 filing?
The most recent IRS Form 990 filing for Packanack Lake Country Club & Community Association covers tax period 202212. It shows revenue of $1,215,606, expenses of $1,192,173, total assets of $1,306,052, and liabilities of N/A.
How much does Packanack Lake Country Club & Community Association spend on programs vs administration?
Based on IRS 990 analysis, Packanack Lake Country Club & Community Association allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Packanack Lake Country Club & Community Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Packanack Lake Country Club & Community Association shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Packanack Lake Country Club & Community Association?
The following concerns were identified: Lack of detailed financial transparency beyond basic IRS Form 990 data.. No disclosed executive compensation, which could indicate underreporting or a fully volunteer-run leadership, the latter being less common for an organization with over $1 million in revenue.. The organization's primary purpose appears to be a country club and community association, which may not align with traditional 'nonprofit' charitable missions for public benefit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Packanack Lake Country Club & Community Association's strengths?
Positive indicators for Packanack Lake Country Club & Community Association include: Consistent revenue generation, averaging over $1.2 million annually.. Healthy asset base, consistently above $900,000, indicating financial stability.. Low liabilities reported across all years, suggesting good financial management and minimal debt.. Consistent operational history dating back to at least 2015.. These findings are derived from AI analysis of the organization's financial filings.
How does Packanack Lake Country Club & Community Association compensate executives?
Executive compensation is not disclosed in the provided IRS filings, making a detailed assessment impossible. The organization reports zero compensation to officers, directors, trustees, and key employees, which is unusual for an organization of its size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Packanack Lake Country Club & Community Association?
- Financial statements are not readily available on their website or public databases beyond basic IRS filings. - Detailed program descriptions and impact metrics are not published. - Board meeting minutes or annual reports are not publicly accessible. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the 'Country Club & Community Association' designation, how does the organization ensure its activities primarily serve a broad public benefit rather than exclusive member interests, especially considering its nonprofit status?
The provided data does not offer specifics on how the organization balances member benefits with broader community impact. Without program details or a clear mission statement beyond its name, it's difficult to assess the extent of public benefit.
What is the nature of the 'zero compensation' reported for officers, directors, trustees, and key employees, and how does the organization sustain leadership and operational oversight without paid executive staff?
The IRS filings consistently report $0 for compensation to officers, directors, trustees, and key employees. This suggests either a fully volunteer-led organization, or that compensation is structured in a way that is not reported in this section of the Form 990, such as through a management company or as independent contractors, which would warrant further investigation.
Filing History
IRS 990 filing history for Packanack Lake Country Club & Community Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Packanack Lake Country Club & Community Association's revenue has grown by 26.5%, moving from $961K to $1.2M. Total assets increased by 54.1% over the same period, from $847K to $1.3M. Total functional expenses rose by 35.1%, from $882K to $1.2M. In its most recent filing year (2022), Packanack Lake Country Club & Community Association reported a surplus of $23K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.2M | $1.2M | $1.3M | $0 | — | View 990 |
| 2021 | $1.2M | $1.2M | $1.3M | $0 | — | View 990 |
| 2020 | $1.0M | $1.1M | $1.3M | $0 | — | View 990 |
| 2019 | $1.3M | $1.3M | $1.3M | $0 | — | View 990 |
| 2018 | $1.3M | $1.1M | $1.3M | $0 | — | View 990 |
| 2017 | $1.3M | $1.1M | $1.1M | $0 | — | View 990 |
| 2016 | $1.2M | $1.1M | $924K | $0 | — | View 990 |
| 2015 | $1.1M | $1.1M | $817K | $11K | — | View 990 |
| 2014 | $1.0M | $1.0M | $774K | $0 | — | View 990 |
| 2013 | $970K | $1.2M | $797K | $331 | — | View 990 |
| 2012 | $988K | $852K | $988K | $5K | — | View 990 |
| 2011 | $961K | $882K | $847K | $388 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $1.3M (revenue +4.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.2M, and assets of $1.3M (revenue +14.5% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.1M, and assets of $1.3M (revenue -20.5% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $1.3M (revenue -3.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.1M, and assets of $1.3M (revenue +1.0% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.1M, and assets of $1.1M (revenue +6.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $924K (revenue +10.9% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $817K (revenue +10.4% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $774K (revenue +4.1% year-over-year).
- 2013: Revenue of $970K, expenses of $1.2M, and assets of $797K (revenue -1.8% year-over-year).
- 2012: Revenue of $988K, expenses of $852K, and assets of $988K (revenue +2.8% year-over-year).
- 2011: Revenue of $961K, expenses of $882K, and assets of $847K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Packanack Lake Country Club & Community Association:
Data Sources and Methodology
This transparency report for Packanack Lake Country Club & Community Association 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.