Piping Rock Club

Piping Rock Club maintains stable finances with consistent revenue and asset levels, but lacks transparency on executive compensation and program spending details.

EIN: 111191180 · Locust Valley, NY · Updated: 2026-03-28

$32.4MRevenue

$29.0MAssets

60/100Mission Score (Good)

About Piping Rock Club

Piping Rock Club (EIN: 111191180) is a nonprofit organization based in Locust Valley, NY. The organization reported total revenue of $32.4M and total assets of $29.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Piping Rock Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Piping Rock Club consistently reports revenues and expenses in the range of $14M-$20M annually, with assets generally stable around $30M-$33M. The organization's financial health appears stable, with revenues largely covering expenses, though some years show a slight deficit, such as 2023 where expenses ($20,198,515) exceeded revenue ($19,415,990). The consistent reporting of 0% officer compensation across all available filings suggests a potential lack of transparency regarding executive pay, or that compensation is structured in a way not captured under 'officer compensation' on the 990, or that it is genuinely a volunteer-led organization at the officer level. Without a clear NTEE code, it's difficult to assess program efficiency against sector benchmarks.

The organization's liabilities have remained relatively stable, typically between $5M and $6M, which is a manageable portion of its total assets. The consistent filing history indicates a commitment to IRS compliance. However, the absence of detailed program spending information makes it challenging to fully evaluate spending efficiency and the direct impact of its activities. Further details on the nature of its operations would be necessary for a comprehensive assessment of its financial practices and mission alignment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Piping Rock Club 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: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Piping Rock Club allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

The reported 0% officer compensation across all filings is unusual for an organization of this size ($19M+ in annual expenses) and suggests either a volunteer-led officer structure or that compensation is reported under different categories, warranting further investigation for full transparency.

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 Piping Rock Club's IRS 990 filings:

Consistent 0% officer compensation reported, which is unusual for an organization with over $19M in annual expenses, potentially indicating a lack of transparency in executive pay reporting.
NTEE code is unknown, hindering proper classification and comparative analysis of financial performance.
Lack of detailed program spending information makes it difficult to assess the organization's direct impact and efficiency.
Some years show expenses exceeding revenue (e.g., 2023: Expenses $20,198,515 vs. Revenue $19,415,990), indicating reliance on reserves or other income sources.

Strengths

The following positive indicators were identified for Piping Rock Club:

Consistent filing history with the IRS (13 filings) demonstrates compliance and transparency in reporting.
Stable asset base, generally around $30M-$33M, indicating financial resilience.
Manageable liabilities, typically between $5M-$6M, relative to total assets.
Consistent revenue generation, typically in the $14M-$20M range annually.

Frequently Asked Questions about Piping Rock Club

What is the NTEE code and primary mission of Piping Rock Club?

The NTEE code is unknown, making it difficult to assess the organization's mission and program effectiveness against industry standards.

How is executive compensation handled if 0% is reported for officers?

The consistent reporting of 0% officer compensation across all filings suggests either a volunteer officer structure or that compensation is categorized differently, requiring further clarification for transparency.

What are the specific programs and activities funded by Piping Rock Club?

The available data does not provide a detailed breakdown of program spending, making it challenging to understand the specific activities and their impact.

What is the nature of the organization's 'expenses' given the lack of program detail?

Without a detailed breakdown, it's unclear how the reported expenses, such as $20,198,515 in 2023, are allocated between program services, administrative costs, and fundraising.

Filing History

IRS 990 filing history for Piping Rock Club showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Piping Rock Club's revenue has grown by 45.3%, moving from $13.4M to $19.4M. Total assets decreased by 2.3% over the same period, from $30.9M to $30.2M. Total functional expenses rose by 66%, from $12.2M to $20.2M. In its most recent filing year (2023), Piping Rock Club reported a deficit of $783K, with expenses exceeding revenue. The organization holds $5.9M in liabilities against $30.2M in assets (debt-to-asset ratio: 19.5%), resulting in net assets of $24.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$19.4M	$20.2M	$30.2M	$5.9M	—	—
2022	$18.3M	$19.1M	$30.3M	$5.1M	—	View 990
2021	$17.1M	$17.1M	$31.3M	$5.3M	—	View 990
2020	$14.4M	$15.5M	$31.1M	$5.2M	—	View 990
2019	$16.6M	$16.4M	$33.0M	$5.9M	—	View 990
2018	$14.8M	$15.7M	$32.6M	$5.8M	—	View 990
2017	$14.6M	$15.0M	$33.4M	$5.7M	—	—
2016	$15.1M	$14.8M	$33.9M	$5.8M	—	View 990
2015	$14.7M	$14.5M	$32.8M	$5.6M	—	View 990
2014	$14.7M	$14.0M	$33.3M	$5.9M	—	View 990
2013	$14.3M	$13.4M	$31.9M	$5.5M	—	View 990
2012	$13.5M	$12.4M	$30.3M	$4.6M	—	View 990
2011	$13.4M	$12.2M	$30.9M	$5.9M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $19.4M, expenses of $20.2M, and assets of $30.2M (revenue +6.3% year-over-year).
2022: Revenue of $18.3M, expenses of $19.1M, and assets of $30.3M (revenue +7.0% year-over-year).
2021: Revenue of $17.1M, expenses of $17.1M, and assets of $31.3M (revenue +18.5% year-over-year).
2020: Revenue of $14.4M, expenses of $15.5M, and assets of $31.1M (revenue -13.1% year-over-year).
2019: Revenue of $16.6M, expenses of $16.4M, and assets of $33.0M (revenue +12.2% year-over-year).
2018: Revenue of $14.8M, expenses of $15.7M, and assets of $32.6M (revenue +1.3% year-over-year).
2017: Revenue of $14.6M, expenses of $15.0M, and assets of $33.4M (revenue -3.2% year-over-year).
2016: Revenue of $15.1M, expenses of $14.8M, and assets of $33.9M (revenue +2.4% year-over-year).
2015: Revenue of $14.7M, expenses of $14.5M, and assets of $32.8M (revenue -0.3% year-over-year).
2014: Revenue of $14.7M, expenses of $14.0M, and assets of $33.3M (revenue +2.8% year-over-year).
2013: Revenue of $14.3M, expenses of $13.4M, and assets of $31.9M (revenue +6.2% year-over-year).
2012: Revenue of $13.5M, expenses of $12.4M, and assets of $30.3M (revenue +1.1% year-over-year).
2011: Revenue of $13.4M, expenses of $12.2M, and assets of $30.9M.

Data Sources and Methodology

This transparency report for Piping Rock 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.