Racquets Club Of Short Hills N J
Racquets Club of Short Hills: Consistent Revenue, Declining Assets
EIN: 221217160 · Short Hills, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Program Spending | 70% |
| Net Assets | $264K |
| Transparency Score | 65/100 |
Is Racquets Club Of Short Hills N J Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Racquets Club Of Short Hills N J directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Racquets Club Of Short Hills N J
Racquets Club Of Short Hills N J (EIN: 221217160) is a nonprofit organization based in Short Hills, NJ. The organization reported total revenue of $1.1M and total assets of $982K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Racquets Club Of Short Hills N J's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Racquets Club Of Short Hills N J is a mid-size nonprofit that has been operating for 81 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-95,444 |
| Total Assets | $1.2M |
| Total Liabilities | $900K |
| Net Assets | $264K |
| Operating Margin | -8.3% |
| Debt-to-Asset Ratio | 77.3% |
| Months of Reserves | 11.3 months |
Financial Health Grade: C
In 2023, Racquets Club Of Short Hills N J reported a deficit of $95K with expenses exceeding revenue, holds 11.3 months of operating reserves (strong position), has a debt-to-asset ratio of 77.3% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Racquets Club Of Short Hills N J's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.0% | +10.3% | -9.8% |
| 2022 | +18.2% | +20.1% | -1.6% |
| 2021 | -10.5% | -16.5% | +12.4% |
| 2020 | -4.6% | +0.4% | -8.1% |
| 2019 | +6.0% | -8.3% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1945 |
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 Racquets Club Of Short Hills N J with a Mission Score of 65 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: 70%
- fundraising: 15%
According to IRS 990 filings, Racquets Club Of Short Hills N J allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. 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 deficit of $95K, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.3%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data as no specific compensation figures for executives are included in the filings.
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 Racquets Club Of Short Hills N J's IRS 990 filings:
- Total assets have shown a consistent decline from $1,540,339 in 2016 to $981,550 in 2023, warranting further investigation into asset management and depreciation.
- The organization consistently reports 0% for 'c' (likely referring to compensation or a specific expense category), which might indicate a simplified reporting or lack of detailed breakdown for certain costs.
Strengths
The following positive indicators were identified for Racquets Club Of Short Hills N J:
- Revenue has remained relatively stable over the years, hovering around $1.1 million, suggesting a consistent funding base.
- The organization has a long history of financial filings, demonstrating ongoing operational activity and compliance.
Frequently Asked Questions about Racquets Club Of Short Hills N J
Is Racquets Club Of Short Hills N J a legitimate charity?
Racquets Club Of Short Hills N J (EIN: 221217160) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 12 years of IRS 990 filings on record. Total revenue: $1.1M. 2 red flags identified. 2 strengths noted. Financial health grade: C.
How does Racquets Club Of Short Hills N J spend its money?
Racquets Club Of Short Hills N J directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Racquets Club Of Short Hills N J tax-deductible?
Racquets Club Of Short Hills N J is registered as a tax-exempt nonprofit (EIN: 221217160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Racquets Club Of Short Hills N J's spending goes to programs?
Racquets Club Of Short Hills N J directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Racquets Club Of Short Hills N J located?
Racquets Club Of Short Hills N J is headquartered in Short Hills, New Jersey and files with the IRS under EIN 221217160.
How many years of IRS 990 filings does Racquets Club Of Short Hills N J have?
Racquets Club Of Short Hills N J has 12 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 $1.1M in total revenue.
What does Racquets Club Of Short Hills N J do?
Racquets Club Of Short Hills N J is a nonprofit organization in the Unknown sector, located in Short Hills, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Racquets Club Of Short Hills N J have?
Racquets Club Of Short Hills N J reported total revenue of $1,149,218. Based on 12 IRS 990 filings on record.
What are Racquets Club Of Short Hills N J's total assets?
Racquets Club Of Short Hills N J holds total assets of $981,550 as reported in IRS 990 filings.
Where is Racquets Club Of Short Hills N J located?
Racquets Club Of Short Hills N J is based in Short Hills, New Jersey.
What is Racquets Club Of Short Hills N J's EIN?
Racquets Club Of Short Hills N J's Employer Identification Number (EIN) is 221217160. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Racquets Club Of Short Hills N J?
Racquets Club Of Short Hills N J is classified under NTEE code Unknown (Unknown).
Is Racquets Club Of Short Hills N J a registered 501(c)(3)?
Racquets Club Of Short Hills N J appears in IRS records (EIN: 221217160). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Racquets Club Of Short Hills N J file IRS Form 990?
Yes, Racquets Club Of Short Hills N J has 12 IRS Form 990 filings on record. The most recent covers tax period 202303.
What was Racquets Club Of Short Hills N J's revenue in 2023?
In the 202303 filing period, Racquets Club Of Short Hills N J reported total revenue of $1,144,069, total expenses of $1,239,513, and net assets of $1,164,107.
Is Racquets Club Of Short Hills N J's revenue growing or declining?
Racquets Club Of Short Hills N J's revenue is relatively stable. Revenue went from $1,132,191 (202203) to $1,144,069 (202303), a +1.0% change. Based on 12 filings on record.
What is Racquets Club Of Short Hills N J's most recent 990 filing?
The most recent IRS Form 990 filing for Racquets Club Of Short Hills N J covers tax period 202303. It shows revenue of $1,144,069, expenses of $1,239,513, total assets of $1,164,107, and liabilities of $900,239.
How much does Racquets Club Of Short Hills N J spend on programs vs administration?
Based on IRS 990 analysis, Racquets Club Of Short Hills N J allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Racquets Club Of Short Hills N J a trustworthy charity?
Based on AI analysis of IRS 990 data, Racquets Club Of Short Hills N J shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Racquets Club Of Short Hills N J?
The following concerns were identified: Total assets have shown a consistent decline from $1,540,339 in 2016 to $981,550 in 2023, warranting further investigation into asset management and depreciation.. The organization consistently reports 0% for 'c' (likely referring to compensation or a specific expense category), which might indicate a simplified reporting or lack of detailed breakdown for certain costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Racquets Club Of Short Hills N J's strengths?
Positive indicators for Racquets Club Of Short Hills N J include: Revenue has remained relatively stable over the years, hovering around $1.1 million, suggesting a consistent funding base.. The organization has a long history of financial filings, demonstrating ongoing operational activity and compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does Racquets Club Of Short Hills N J compensate executives?
Executive compensation cannot be assessed from the provided data as no specific compensation figures for executives are included in the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in total assets from $1,540,339 in 2016 to $981,550 in 2023, and what is the long-term strategy to address this trend?
The provided data does not specify the reasons for asset decline, but it could be due to depreciation of facilities, sale of assets, or lack of significant capital investments. A detailed look into their capital expenditure and asset management policies would be necessary.
Given the consistent revenue, how does the organization manage its expenses to maintain operational stability, especially with fluctuating expenditures (e.g., $1,365,491 in 2016 vs. $1,239,513 in 2023)?
While revenue is stable, expenses fluctuate. The organization likely employs flexible budgeting or has variable costs tied to usage or maintenance. A deeper dive into their expense categories would reveal more about their cost control strategies.
Filing History
IRS 990 filing history for Racquets Club Of Short Hills N J showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Racquets Club Of Short Hills N J's revenue has grown by 62%, moving from $706K to $1.1M. Total assets increased by 33.3% over the same period, from $873K to $1.2M. Total functional expenses rose by 86.7%, from $664K to $1.2M. In its most recent filing year (2023), Racquets Club Of Short Hills N J reported a deficit of $95K, with expenses exceeding revenue. The organization holds $900K in liabilities against $1.2M in assets (debt-to-asset ratio: 77.3%), resulting in net assets of $264K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.2M | $1.2M | $900K | — | View 990 |
| 2022 | $1.1M | $1.1M | $1.3M | $931K | — | View 990 |
| 2021 | $958K | $936K | $1.3M | $961K | — | View 990 |
| 2020 | $1.1M | $1.1M | $1.2M | $838K | — | View 990 |
| 2019 | $1.1M | $1.1M | $1.3M | $890K | — | View 990 |
| 2018 | $1.1M | $1.2M | $1.3M | $909K | — | View 990 |
| 2017 | $1.3M | $1.3M | $1.4M | $864K | — | View 990 |
| 2016 | $1.2M | $1.4M | $1.5M | $960K | — | View 990 |
| 2015 | $1.3M | $1.2M | $1.4M | $602K | — | View 990 |
| 2014 | $1.2M | $1.2M | $964K | $306K | — | View 990 |
| 2013 | $1.1M | $985K | $981K | $308K | — | View 990 |
| 2012 | $706K | $664K | $873K | $280K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue +1.0% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue +18.2% year-over-year).
- 2021: Revenue of $958K, expenses of $936K, and assets of $1.3M (revenue -10.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $1.1M, and assets of $1.2M (revenue -4.6% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $1.3M (revenue +6.0% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.2M, and assets of $1.3M (revenue -17.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $1.4M (revenue +8.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.4M, and assets of $1.5M (revenue -10.3% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $1.4M (revenue +12.9% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $964K (revenue +10.4% year-over-year).
- 2013: Revenue of $1.1M, expenses of $985K, and assets of $981K (revenue +50.8% year-over-year).
- 2012: Revenue of $706K, expenses of $664K, and assets of $873K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Racquets Club Of Short Hills N J:
Data Sources and Methodology
This transparency report for Racquets Club Of Short Hills N J 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.