Preston Mountain Club Inc C/O Depalma Defruscio & Co
Preston Mountain Club Inc consistently operates with expenses often exceeding revenue, maintaining a stable asset base without reported officer compensation.
EIN: 131628789 · Kent, CT · Updated: 2026-03-28
Is Preston Mountain Club Inc C/O Depalma Defruscio & Co Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Preston Mountain Club Inc C/O Depalma Defruscio & Co directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Preston Mountain Club Inc C/O Depalma Defruscio & Co
Preston Mountain Club Inc C/O Depalma Defruscio & Co (EIN: 131628789) is a nonprofit organization based in Kent, CT. The organization reported total revenue of $492K and total assets of $790K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Preston Mountain Club Inc C/O Depalma Defruscio & Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Preston Mountain Club Inc C/O Depalma Defruscio & Co is a small nonprofit that has been operating for 97 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $462K |
| Total Expenses | $509K |
| Surplus / Deficit | $-46,994 |
| Total Assets | $845K |
| Total Liabilities | $122K |
| Net Assets | $723K |
| Operating Margin | -10.2% |
| Debt-to-Asset Ratio | 14.5% |
| Months of Reserves | 19.9 months |
Financial Health Grade: B
In 2023, Preston Mountain Club Inc C/O Depalma Defruscio & Co reported a deficit of $47K with expenses exceeding revenue, holds 19.9 months of operating reserves (strong position), has a debt-to-asset ratio of 14.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Preston Mountain Club Inc C/O Depalma Defruscio & Co's revenue has grown at a compound annual growth rate (CAGR) of 1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | +6.8% | -5.5% |
| 2022 | +27.7% | +7.0% | +14.9% |
| 2021 | +27.9% | +11.8% | -1.2% |
| 2020 | -10.2% | -8.4% | -9.5% |
| 2019 | -7.8% | +6.0% | -7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1929 |
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 Preston Mountain Club Inc C/O Depalma Defruscio & Co with a Mission Score of 70 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, Preston Mountain Club Inc C/O Depalma Defruscio & Co 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $47K, with expenses exceeding revenue.
- Debt-to-asset ratio: 14.5%.
Executive Compensation Analysis
Preston Mountain Club Inc consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated below IRS reporting thresholds, which is a positive indicator for donor trust.
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 Preston Mountain Club Inc C/O Depalma Defruscio & Co's IRS 990 filings:
- Frequent operating deficits (e.g., 2023: $46,994 deficit; 2021: $27,845 deficit; 2020: $71,774 deficit)
- Declining asset base from a peak of $1,009,021 in 2016 to $845,272 in 2023
Strengths
The following positive indicators were identified for Preston Mountain Club Inc C/O Depalma Defruscio & Co:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership or low executive pay
- Stable asset base over the long term, despite some decline from peak
- Low liabilities relative to assets, suggesting good financial solvency
Frequently Asked Questions about Preston Mountain Club Inc C/O Depalma Defruscio & Co
Is Preston Mountain Club Inc C/O Depalma Defruscio & Co a legitimate charity?
Based on AI analysis of IRS 990 filings, Preston Mountain Club Inc C/O Depalma Defruscio & Co (EIN: 131628789) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Preston Mountain Club Inc C/O Depalma Defruscio & Co spend its money?
Preston Mountain Club Inc C/O Depalma Defruscio & Co directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Preston Mountain Club Inc C/O Depalma Defruscio & Co tax-deductible?
Preston Mountain Club Inc C/O Depalma Defruscio & Co is registered as a tax-exempt nonprofit (EIN: 131628789). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Preston Mountain Club Inc financially sustainable given its frequent operating deficits?
The organization frequently reports expenses exceeding revenue, such as in 2023 ($509,055 expenses vs. $462,061 revenue). While assets have remained relatively stable, this trend suggests reliance on reserves or other funding sources to cover operational costs, which warrants further investigation into long-term sustainability.
What are the specific program activities and their associated costs?
The provided data does not include a detailed breakdown of program expenses. To understand the impact and efficiency of its mission-related activities, more granular expense data would be required.
How does the organization manage its liabilities, which have fluctuated?
Liabilities have fluctuated, reaching $122,260 in 2023. While generally low relative to assets, understanding the nature of these liabilities and the organization's strategy for managing them is important for a complete financial picture.
Filing History
IRS 990 filing history for Preston Mountain Club Inc C/O Depalma Defruscio & Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Preston Mountain Club Inc C/O Depalma Defruscio & Co's revenue has grown by 13.6%, moving from $407K to $462K. Total assets increased by 54.3% over the same period, from $548K to $845K. Total functional expenses rose by 9.5%, from $465K to $509K. In its most recent filing year (2023), Preston Mountain Club Inc C/O Depalma Defruscio & Co reported a deficit of $47K, with expenses exceeding revenue. The organization holds $122K in liabilities against $845K in assets (debt-to-asset ratio: 14.5%), resulting in net assets of $723K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $462K | $509K | $845K | $122K | — | View 990 |
| 2022 | $534K | $477K | $895K | $125K | — | — |
| 2021 | $418K | $446K | $779K | $66K | — | View 990 |
| 2020 | $327K | $399K | $789K | $48K | — | — |
| 2019 | $364K | $435K | $871K | $59K | — | View 990 |
| 2018 | $395K | $411K | $938K | $55K | — | View 990 |
| 2017 | $421K | $447K | $983K | $84K | — | View 990 |
| 2016 | $441K | $454K | $1.0M | $84K | — | View 990 |
| 2015 | $457K | $443K | $988K | $49K | — | View 990 |
| 2014 | $429K | $469K | $982K | $57K | — | View 990 |
| 2013 | $877K | $420K | $985K | $20K | — | View 990 |
| 2012 | $439K | $452K | $544K | $36K | — | View 990 |
| 2011 | $407K | $465K | $548K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $462K, expenses of $509K, and assets of $845K (revenue -13.5% year-over-year).
- 2022: Revenue of $534K, expenses of $477K, and assets of $895K (revenue +27.7% year-over-year).
- 2021: Revenue of $418K, expenses of $446K, and assets of $779K (revenue +27.9% year-over-year).
- 2020: Revenue of $327K, expenses of $399K, and assets of $789K (revenue -10.2% year-over-year).
- 2019: Revenue of $364K, expenses of $435K, and assets of $871K (revenue -7.8% year-over-year).
- 2018: Revenue of $395K, expenses of $411K, and assets of $938K (revenue -6.2% year-over-year).
- 2017: Revenue of $421K, expenses of $447K, and assets of $983K (revenue -4.4% year-over-year).
- 2016: Revenue of $441K, expenses of $454K, and assets of $1.0M (revenue -3.7% year-over-year).
- 2015: Revenue of $457K, expenses of $443K, and assets of $988K (revenue +6.6% year-over-year).
- 2014: Revenue of $429K, expenses of $469K, and assets of $982K (revenue -51.1% year-over-year).
- 2013: Revenue of $877K, expenses of $420K, and assets of $985K (revenue +99.8% year-over-year).
- 2012: Revenue of $439K, expenses of $452K, and assets of $544K (revenue +7.9% year-over-year).
- 2011: Revenue of $407K, expenses of $465K, and assets of $548K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Preston Mountain Club Inc C/O Depalma Defruscio & Co:
Data Sources and Methodology
This transparency report for Preston Mountain Club Inc C/O Depalma Defruscio & Co 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.