Point Of Pines Yacht Club Inc
Point Of Pines Yacht Club: Stable Finances, Limited Public Transparency
EIN: 222710900 · Revere, MA · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $356K |
| Total Expenses | $227K |
| Program Spending | 70% |
| Net Assets | $162K |
| Transparency Score | 60/100 |
Is Point Of Pines 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 →
Point Of Pines Yacht Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Point Of Pines Yacht Club Inc
Point Of Pines Yacht Club Inc (EIN: 222710900) is a nonprofit organization based in Revere, MA. The organization reported total revenue of $356K and total assets of $500K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Point Of Pines Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Point Of Pines Yacht Club Inc is a small nonprofit that has been operating for 40 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $257K |
| Total Expenses | $227K |
| Surplus / Deficit | +$31K |
| Total Assets | $517K |
| Total Liabilities | $354K |
| Net Assets | $162K |
| Operating Margin | 11.9% |
| Debt-to-Asset Ratio | 68.6% |
| Months of Reserves | 27.4 months |
Financial Health Grade: A
In 2023, Point Of Pines Yacht Club Inc reported a surplus of $31K with revenue exceeding expenses, holds 27.4 months of operating reserves (strong position), has a debt-to-asset ratio of 68.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Point Of Pines Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.1% | -5.1% | +2.0% |
| 2022 | +12.0% | -7.8% | +2.5% |
| 2021 | -9.7% | -18.9% | -5.7% |
| 2020 | -17.5% | -1.5% | -12.7% |
| 2019 | +18.1% | +4.0% | -4.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Point Of Pines Yacht Club Inc 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, Point Of Pines Yacht Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.6%.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided data, making a specific assessment impossible.
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 Point Of Pines Yacht Club Inc's IRS 990 filings:
- Lack of detailed program information makes it difficult to assess direct impact.
- No public disclosure of executive compensation.
- Limited transparency regarding specific spending categories beyond total expenses.
Strengths
The following positive indicators were identified for Point Of Pines Yacht Club Inc:
- Consistent revenue generation over several years.
- Assets consistently exceed liabilities, indicating financial stability.
- Low or no reported fundraising costs (c0% in filings) suggests efficient member engagement or reliance on other revenue streams.
Frequently Asked Questions about Point Of Pines Yacht Club Inc
Is Point Of Pines Yacht Club Inc a legitimate charity?
Point Of Pines Yacht Club Inc (EIN: 222710900) is a registered tax-exempt nonprofit based in Massachusetts. Our AI analysis gives it a Mission Score of 60/100. It has 14 years of IRS 990 filings on record. Total revenue: $356K. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Point Of Pines Yacht Club Inc spend its money?
Point Of Pines Yacht Club Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Point Of Pines Yacht Club Inc tax-deductible?
Point Of Pines Yacht Club Inc is registered as a tax-exempt nonprofit (EIN: 222710900). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Point Of Pines Yacht Club Inc's spending goes to programs?
Point Of Pines Yacht Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Point Of Pines Yacht Club Inc located?
Point Of Pines Yacht Club Inc is headquartered in Revere, Massachusetts and files with the IRS under EIN 222710900.
How many years of IRS 990 filings does Point Of Pines Yacht Club Inc have?
Point Of Pines Yacht Club Inc has 14 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 $356K in total revenue.
What does Point Of Pines Yacht Club Inc do?
Point Of Pines Yacht Club Inc is a nonprofit organization in the Unknown sector, located in Revere, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Point Of Pines Yacht Club Inc have?
Point Of Pines Yacht Club Inc reported total revenue of $355,662. Based on 14 IRS 990 filings on record.
What are Point Of Pines Yacht Club Inc's total assets?
Point Of Pines Yacht Club Inc holds total assets of $499,911 as reported in IRS 990 filings.
Where is Point Of Pines Yacht Club Inc located?
Point Of Pines Yacht Club Inc is based in Revere, Massachusetts.
What is Point Of Pines Yacht Club Inc's EIN?
Point Of Pines Yacht Club Inc's Employer Identification Number (EIN) is 222710900. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Point Of Pines Yacht Club Inc?
Point Of Pines Yacht Club Inc is classified under NTEE code Unknown (Unknown).
Is Point Of Pines Yacht Club Inc a registered 501(c)(3)?
Point Of Pines Yacht Club Inc appears in IRS records (EIN: 222710900). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Point Of Pines Yacht Club Inc file IRS Form 990?
Yes, Point Of Pines Yacht Club Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Point Of Pines Yacht Club Inc's revenue in 2023?
In the 202312 filing period, Point Of Pines Yacht Club Inc reported total revenue of $257,231, total expenses of $226,539, and net assets of $516,628.
Is Point Of Pines Yacht Club Inc's revenue growing or declining?
Point Of Pines Yacht Club Inc's revenue is relatively stable. Revenue went from $262,802 (202212) to $257,231 (202312), a -2.1% change. Based on 14 filings on record.
What is Point Of Pines Yacht Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Point Of Pines Yacht Club Inc covers tax period 202312. It shows revenue of $257,231, expenses of $226,539, total assets of $516,628, and liabilities of $354,224.
How much does Point Of Pines Yacht Club Inc spend on programs vs administration?
Based on IRS 990 analysis, Point Of Pines Yacht Club Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Point Of Pines Yacht Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Point Of Pines Yacht Club Inc shows mixed signals. Mission Score: 60/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Point Of Pines Yacht Club Inc?
The following concerns were identified: Lack of detailed program information makes it difficult to assess direct impact.. No public disclosure of executive compensation.. Limited transparency regarding specific spending categories beyond total expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Point Of Pines Yacht Club Inc's strengths?
Positive indicators for Point Of Pines Yacht Club Inc include: Consistent revenue generation over several years.. Assets consistently exceed liabilities, indicating financial stability.. Low or no reported fundraising costs (c0% in filings) suggests efficient member engagement or reliance on other revenue streams.. These findings are derived from AI analysis of the organization's financial filings.
How does Point Of Pines Yacht Club Inc compensate executives?
Executive compensation information is not disclosed in the provided data, making a specific assessment impossible. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for fundraising costs across all years, how does Point Of Pines Yacht Club Inc primarily generate its revenue and membership?
The consistent 'c0%' for fundraising suggests that the organization likely relies heavily on membership dues, event fees, or other non-solicited income rather than active fundraising campaigns, which is common for member-based clubs.
What is the primary driver behind the fluctuation in total expenses, such as the drop from $319,356 in 2020 to $226,539 in 2023, and how does this impact the club's operations?
The significant decrease in expenses, particularly from 2020 to 2023, could indicate operational efficiencies, reduced activities, or changes in service provision. Without detailed expense breakdowns, it's difficult to pinpoint the exact cause or its impact on member services.
Filing History
IRS 990 filing history for Point Of Pines Yacht Club Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Point Of Pines Yacht Club Inc's revenue has grown by 42.9%, moving from $180K to $257K. Total assets increased by 52.5% over the same period, from $339K to $517K. Total functional expenses rose by 38.8%, from $163K to $227K. In its most recent filing year (2023), Point Of Pines Yacht Club Inc reported a surplus of $31K, with revenue exceeding expenses. The organization holds $354K in liabilities against $517K in assets (debt-to-asset ratio: 68.6%), resulting in net assets of $162K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $257K | $227K | $517K | $354K | — | — |
| 2022 | $263K | $239K | $507K | $375K | — | View 990 |
| 2021 | $235K | $259K | $494K | $387K | — | View 990 |
| 2020 | $260K | $319K | $525K | $392K | — | View 990 |
| 2019 | $315K | $324K | $601K | $409K | — | — |
| 2018 | $267K | $312K | $626K | $424K | — | View 990 |
| 2017 | $258K | $269K | $530K | $284K | — | View 990 |
| 2016 | $256K | $260K | $554K | $296K | — | View 990 |
| 2015 | $212K | $242K | $586K | $324K | — | View 990 |
| 2014 | $224K | $229K | $623K | $331K | — | View 990 |
| 2013 | $257K | $211K | $667K | $370K | — | View 990 |
| 2012 | $202K | $172K | $318K | $67K | — | View 990 |
| 2011 | $195K | $158K | $316K | $95K | — | View 990 |
| 2010 | $180K | $163K | $339K | $154K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $257K, expenses of $227K, and assets of $517K (revenue -2.1% year-over-year).
- 2022: Revenue of $263K, expenses of $239K, and assets of $507K (revenue +12.0% year-over-year).
- 2021: Revenue of $235K, expenses of $259K, and assets of $494K (revenue -9.7% year-over-year).
- 2020: Revenue of $260K, expenses of $319K, and assets of $525K (revenue -17.5% year-over-year).
- 2019: Revenue of $315K, expenses of $324K, and assets of $601K (revenue +18.1% year-over-year).
- 2018: Revenue of $267K, expenses of $312K, and assets of $626K (revenue +3.5% year-over-year).
- 2017: Revenue of $258K, expenses of $269K, and assets of $530K (revenue +0.7% year-over-year).
- 2016: Revenue of $256K, expenses of $260K, and assets of $554K (revenue +20.8% year-over-year).
- 2015: Revenue of $212K, expenses of $242K, and assets of $586K (revenue -5.3% year-over-year).
- 2014: Revenue of $224K, expenses of $229K, and assets of $623K (revenue -12.9% year-over-year).
- 2013: Revenue of $257K, expenses of $211K, and assets of $667K (revenue +27.4% year-over-year).
- 2012: Revenue of $202K, expenses of $172K, and assets of $318K (revenue +3.6% year-over-year).
- 2011: Revenue of $195K, expenses of $158K, and assets of $316K (revenue +8.1% year-over-year).
- 2010: Revenue of $180K, expenses of $163K, and assets of $339K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Point Of Pines Yacht Club Inc:
Data Sources and Methodology
This transparency report for Point Of Pines 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.