Plumb Club Of New York State Inc
Plumb Club Of New York State Inc maintains stable finances with zero reported officer compensation.
EIN: 133180239 · Englewood, NJ · NTEE: S46 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $6.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6 |
| Net Assets | $3.9M |
| Transparency Score | 85/100 |
Is Plumb Club Of New York State Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Plumb Club Of New York State Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Plumb Club Of New York State Inc
Plumb Club Of New York State Inc (EIN: 133180239) is a nonprofit organization based in Englewood, NJ, classified under NTEE code S46. The organization reported total revenue of $6.3M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Plumb Club Of New York State Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Plumb Club Of New York State Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.0M |
| Total Expenses | $6.9M |
| Surplus / Deficit | +$112K |
| Total Assets | $3.9M |
| Total Liabilities | $11K |
| Net Assets | $3.9M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 6.8 months |
Financial Health Grade: A
In 2023, Plumb Club Of New York State Inc reported a surplus of $112K with revenue exceeding expenses, holds 6.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Plumb Club Of New York State Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.5% | +7.9% | +3.0% |
| 2022 | +97.7% | +69.0% | -5.4% |
| 2021 | +370.3% | +86.2% | -14.1% |
| 2020 | -88.1% | -61.0% | -22.6% |
| 2019 | +22.8% | +58.0% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2010 |
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 Plumb Club Of New York State Inc with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Plumb Club Of New York State Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $112K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with annual revenues exceeding $6 million. This suggests either a fully volunteer executive leadership or that compensation is categorized under other expense lines, which could obscure a complete picture of executive remuneration.
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 Plumb Club Of New York State Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- Unusually high expenses relative to revenue in 2020 ($2,032,684 expenses vs. $664,377 revenue)
Strengths
The following positive indicators were identified for Plumb Club Of New York State Inc:
- Consistent operational surpluses in most years (e.g., $111,697 in 2023)
- Strong recovery from 2020 pandemic impact, with revenues returning to pre-pandemic levels
- Low liabilities across all filing periods, indicating fiscal responsibility
- Zero reported officer compensation, suggesting a highly dedicated or volunteer-led executive structure
- Consistent filing of IRS Form 990s, demonstrating regulatory compliance
Frequently Asked Questions about Plumb Club Of New York State Inc
Is Plumb Club Of New York State Inc a legitimate charity?
Plumb Club Of New York State Inc (EIN: 133180239) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.3M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Plumb Club Of New York State Inc spend its money?
Plumb Club Of New York State Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Plumb Club Of New York State Inc tax-deductible?
Plumb Club Of New York State Inc is registered as a tax-exempt nonprofit (EIN: 133180239). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Plumb Club Of New York State Inc CEO make?
Plumb Club Of New York State Inc's highest-compensated officer earns $6 annually. The organization reported $6.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Plumb Club Of New York State Inc's spending goes to programs?
Plumb Club Of New York State Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Plumb Club Of New York State Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Plumb Club Of New York State Inc is above average for NTEE category S46 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Plumb Club Of New York State Inc located?
Plumb Club Of New York State Inc is headquartered in Englewood, New Jersey and files with the IRS under EIN 133180239. It is classified under NTEE code S46.
How many years of IRS 990 filings does Plumb Club Of New York State Inc have?
Plumb Club Of New York State 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 $6.3M in total revenue.
How does The Plumb Club Of New York State Inc manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size and revenue. It suggests either a fully volunteer executive board or that executive compensation is embedded within other expense categories, which would require further detailed financial statements to clarify.
What are the primary program activities and how are they funded?
Given its NTEE code S46 (Business & Professional Associations), the primary program activities likely involve industry promotion, networking events, educational initiatives, and member services for the jewelry industry. Funding primarily comes from membership dues, event fees, and potentially sponsorships, as indicated by the significant revenue figures.
What caused the significant revenue drop and expense increase in 2020?
The substantial drop in revenue to $664,377 and increase in expenses to $2,032,684 in 2020 was likely due to the global COVID-19 pandemic, which severely impacted events, travel, and business operations for many associations. The organization appears to have successfully navigated this challenge, returning to strong revenue levels in subsequent years.
Filing History
IRS 990 filing history for Plumb Club Of New York State Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Plumb Club Of New York State Inc's revenue has grown by 104.5%, moving from $3.4M to $7.0M. Total assets increased by 23.9% over the same period, from $3.2M to $3.9M. Total functional expenses rose by 123%, from $3.1M to $6.9M. In its most recent filing year (2023), Plumb Club Of New York State Inc reported a surplus of $112K, with revenue exceeding expenses. The organization holds $11K in liabilities against $3.9M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.0M | $6.9M | $3.9M | $11K | — | — |
| 2022 | $6.2M | $6.4M | $3.8M | $8K | — | View 990 |
| 2021 | $3.1M | $3.8M | $4.0M | $8K | — | View 990 |
| 2020 | $664K | $2.0M | $4.7M | $8K | — | View 990 |
| 2019 | $5.6M | $5.2M | $6.0M | $2K | — | View 990 |
| 2018 | $4.6M | $3.3M | $5.6M | $2K | — | View 990 |
| 2017 | $3.9M | $3.2M | $4.4M | $12K | — | View 990 |
| 2016 | $5.2M | $4.4M | $3.7M | $2K | — | View 990 |
| 2015 | $4.1M | $3.5M | $2.8M | $6K | — | View 990 |
| 2014 | $4.0M | $4.0M | $2.2M | $2K | — | View 990 |
| 2013 | $3.4M | $3.5M | $2.2M | $7K | — | View 990 |
| 2012 | $3.2M | $4.0M | $2.4M | $4K | — | View 990 |
| 2011 | $3.4M | $3.1M | $3.2M | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.0M, expenses of $6.9M, and assets of $3.9M (revenue +13.5% year-over-year).
- 2022: Revenue of $6.2M, expenses of $6.4M, and assets of $3.8M (revenue +97.7% year-over-year).
- 2021: Revenue of $3.1M, expenses of $3.8M, and assets of $4.0M (revenue +370.3% year-over-year).
- 2020: Revenue of $664K, expenses of $2.0M, and assets of $4.7M (revenue -88.1% year-over-year).
- 2019: Revenue of $5.6M, expenses of $5.2M, and assets of $6.0M (revenue +22.8% year-over-year).
- 2018: Revenue of $4.6M, expenses of $3.3M, and assets of $5.6M (revenue +18.4% year-over-year).
- 2017: Revenue of $3.9M, expenses of $3.2M, and assets of $4.4M (revenue -26.5% year-over-year).
- 2016: Revenue of $5.2M, expenses of $4.4M, and assets of $3.7M (revenue +27.9% year-over-year).
- 2015: Revenue of $4.1M, expenses of $3.5M, and assets of $2.8M (revenue +3.4% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.0M, and assets of $2.2M (revenue +17.3% year-over-year).
- 2013: Revenue of $3.4M, expenses of $3.5M, and assets of $2.2M (revenue +4.8% year-over-year).
- 2012: Revenue of $3.2M, expenses of $4.0M, and assets of $2.4M (revenue -6.0% year-over-year).
- 2011: Revenue of $3.4M, expenses of $3.1M, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Plumb Club Of New York State Inc:
Data Sources and Methodology
This transparency report for Plumb Club Of New York State 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.