Port Ludlow Yacht Club
EIN: 237268741 · Port Ludlow, WA
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $132K |
| Net Assets | $369K |
Is Port Ludlow Yacht Club Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Port Ludlow Yacht Club
Port Ludlow Yacht Club (EIN: 237268741) is a nonprofit organization based in Port Ludlow, WA. The organization reported total revenue of $194K and total assets of $410K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Port Ludlow Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Port Ludlow Yacht Club is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $126K |
| Total Expenses | $132K |
| Surplus / Deficit | $-6,076 |
| Total Assets | $378K |
| Total Liabilities | $9K |
| Net Assets | $369K |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 34.4 months |
Financial Health Grade: B
In 2023, Port Ludlow Yacht Club reported a deficit of $6K with expenses exceeding revenue, holds 34.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Port Ludlow Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.3% | -7.2% | +7.6% |
| 2022 | +60.6% | +60.3% | +17.4% |
| 2021 | +55.1% | +35.7% | +7.7% |
| 2020 | -20.1% | -11.5% | -4.5% |
| 2019 | +2.3% | +13.1% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Port Ludlow Yacht Club has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Port Ludlow Yacht Club with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $6K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Frequently Asked Questions about Port Ludlow Yacht Club
Is Port Ludlow Yacht Club a legitimate charity?
Port Ludlow Yacht Club (EIN: 237268741) is a registered tax-exempt nonprofit based in Washington. It has 13 years of IRS 990 filings on record. Total revenue: $194K. No red flags identified. Financial health grade: B.
How does Port Ludlow Yacht Club spend its money?
Port Ludlow Yacht Club reported $194K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Port Ludlow Yacht Club tax-deductible?
Port Ludlow Yacht Club is registered as a tax-exempt nonprofit (EIN: 237268741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Port Ludlow Yacht Club located?
Port Ludlow Yacht Club is headquartered in Port Ludlow, Washington and files with the IRS under EIN 237268741.
How many years of IRS 990 filings does Port Ludlow Yacht Club have?
Port Ludlow Yacht Club 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 $194K in total revenue.
Filing History
IRS 990 filing history for Port Ludlow Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Port Ludlow Yacht Club's revenue has grown by 80.8%, moving from $70K to $126K. Total assets increased by 76.9% over the same period, from $214K to $378K. Total functional expenses rose by 77.1%, from $74K to $132K. In its most recent filing year (2023), Port Ludlow Yacht Club reported a deficit of $6K, with expenses exceeding revenue. The organization holds $9K in liabilities against $378K in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $369K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $126K | $132K | $378K | $9K | — | — |
| 2022 | $134K | $142K | $351K | $10K | — | View 990 |
| 2021 | $84K | $89K | $299K | $5K | — | — |
| 2020 | $54K | $65K | $278K | $997 | — | View 990 |
| 2019 | $67K | $74K | $291K | $4K | — | View 990 |
| 2018 | $66K | $65K | $285K | $4K | — | View 990 |
| 2017 | $67K | $66K | $277K | $3K | — | View 990 |
| 2016 | $64K | $62K | $270K | $3K | — | View 990 |
| 2015 | $62K | $56K | $261K | $3K | — | View 990 |
| 2014 | $60K | $62K | $244K | $3K | — | View 990 |
| 2013 | $67K | $67K | $236K | $3K | — | View 990 |
| 2012 | $68K | $64K | $225K | $3K | — | View 990 |
| 2011 | $70K | $74K | $214K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126K, expenses of $132K, and assets of $378K (revenue -6.3% year-over-year).
- 2022: Revenue of $134K, expenses of $142K, and assets of $351K (revenue +60.6% year-over-year).
- 2021: Revenue of $84K, expenses of $89K, and assets of $299K (revenue +55.1% year-over-year).
- 2020: Revenue of $54K, expenses of $65K, and assets of $278K (revenue -20.1% year-over-year).
- 2019: Revenue of $67K, expenses of $74K, and assets of $291K (revenue +2.3% year-over-year).
- 2018: Revenue of $66K, expenses of $65K, and assets of $285K (revenue -1.8% year-over-year).
- 2017: Revenue of $67K, expenses of $66K, and assets of $277K (revenue +5.3% year-over-year).
- 2016: Revenue of $64K, expenses of $62K, and assets of $270K (revenue +3.4% year-over-year).
- 2015: Revenue of $62K, expenses of $56K, and assets of $261K (revenue +3.7% year-over-year).
- 2014: Revenue of $60K, expenses of $62K, and assets of $244K (revenue -11.0% year-over-year).
- 2013: Revenue of $67K, expenses of $67K, and assets of $236K (revenue -1.7% year-over-year).
- 2012: Revenue of $68K, expenses of $64K, and assets of $225K (revenue -2.2% year-over-year).
- 2011: Revenue of $70K, expenses of $74K, and assets of $214K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Port Ludlow Yacht Club:
Data Sources and Methodology
This transparency report for Port Ludlow Yacht 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.