Radio Island Marina Club Inc

Radio Island Marina Club Inc. shows recent revenue growth and positive net income in 2023 after years of operating deficits, with increasing liabilities.

EIN: 205727782 · Beaufort, NC · NTEE: N50 · Updated: 2026-03-28

$786KRevenue

$2.6MAssets

70/100Mission Score (Good)

N50

About Radio Island Marina Club Inc

Radio Island Marina Club Inc (EIN: 205727782) is a nonprofit organization based in Beaufort, NC, classified under NTEE code N50. The organization reported total revenue of $786K and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Radio Island Marina Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Radio Island Marina Club Inc. demonstrates a consistent operational pattern, with revenues generally increasing over the past few years, reaching $709,787 in 2023. However, the organization has frequently reported expenses exceeding revenue in several periods, such as $549,887 in expenses against $484,167 in revenue in 2022, and $580,407 in expenses against $709,787 in revenue in 2023, indicating a recent shift towards positive net income. The organization's assets have shown fluctuations, peaking around $2.5 million in 2014 and 2015, then declining to $1.7 million in 2021 before recovering to $2.4 million in 2023. Liabilities have also seen an upward trend in recent years, reaching $927,622 in 2023, which is a significant increase from previous years.

The organization's financial health appears to be stabilizing with the recent positive net income in 2023, but the historical trend of expenses often exceeding revenue suggests a need for careful financial management. The absence of reported officer compensation across all filings indicates a volunteer-driven leadership, which can be a positive sign for donor confidence regarding administrative costs. However, without a detailed breakdown of expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency. The increasing liabilities warrant attention to ensure long-term financial stability.

Transparency is generally good given the consistent filing history and the clear reporting of zero officer compensation. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated between programs, administration, and fundraising. A more granular view of spending would enhance the assessment of their efficiency and commitment to their stated mission.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Radio Island Marina Club Inc 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: 80%
fundraising: 5%

According to IRS 990 filings, Radio Island Marina Club 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is a strong positive for minimizing administrative overhead.

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 Radio Island Marina Club Inc's IRS 990 filings:

Historical trend of expenses exceeding revenue in multiple periods (e.g., 2022: $549,887 expenses vs. $484,167 revenue)
Significant increase in liabilities, reaching $927,622 in 2023 from $268,868 in 2014

Strengths

The following positive indicators were identified for Radio Island Marina Club Inc:

Consistent filing history (13 filings) demonstrating transparency
Zero reported officer compensation across all filings, indicating volunteer leadership and low administrative overhead for executive salaries
Strong revenue growth in recent years, with 2023 revenue at $709,787
Positive net income reported in the latest filing period (202312), reversing previous deficits

Frequently Asked Questions about Radio Island Marina Club Inc

Is Radio Island Marina Club Inc. financially stable?

While the organization reported a positive net income in 2023 ($709,787 revenue vs. $580,407 expenses), it has historically operated with expenses exceeding revenue. The significant increase in liabilities to $927,622 in 2023 warrants close monitoring for long-term stability.

How does the organization manage its assets?

Assets have fluctuated, peaking at $2.59 million in 2014, declining to $1.79 million in 2021, and recovering to $2.4 million in 2023. This suggests active management or changes in asset valuation, but without more detail, it's hard to assess the effectiveness of asset management.

What is the trend in the organization's revenue?

Revenue has shown a strong upward trend in recent years, from $315,215 in 2014 to $709,787 in 2023, indicating growing financial support or operational income.

Filing History

IRS 990 filing history for Radio Island Marina Club Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Radio Island Marina Club Inc's revenue has grown by 128.5%, moving from $311K to $710K. Total assets decreased by 18.1% over the same period, from $2.9M to $2.4M. Total functional expenses rose by 37.8%, from $421K to $580K. In its most recent filing year (2023), Radio Island Marina Club Inc reported a surplus of $129K, with revenue exceeding expenses. The organization holds $928K in liabilities against $2.4M in assets (debt-to-asset ratio: 38.6%), resulting in net assets of $1.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$710K	$580K	$2.4M	$928K	—	—
2022	$484K	$550K	$2.0M	$646K	—	View 990
2021	$477K	$578K	$1.8M	$387K	—	View 990
2020	$428K	$541K	$1.9M	$375K	—	—
2019	$427K	$602K	$2.0M	$357K	—	View 990
2018	$362K	$518K	$2.2M	$404K	—	View 990
2017	$371K	$508K	$2.2M	$285K	—	—
2016	$365K	$491K	$2.4M	$278K	—	View 990
2015	$364K	$468K	$2.5M	$274K	—	View 990
2014	$315K	$455K	$2.6M	$269K	—	View 990
2013	$311K	$467K	$2.7M	$238K	—	View 990
2012	$313K	$438K	$2.9M	$236K	—	View 990
2011	$311K	$421K	$2.9M	$191K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $710K, expenses of $580K, and assets of $2.4M (revenue +46.6% year-over-year).
2022: Revenue of $484K, expenses of $550K, and assets of $2.0M (revenue +1.4% year-over-year).
2021: Revenue of $477K, expenses of $578K, and assets of $1.8M (revenue +11.5% year-over-year).
2020: Revenue of $428K, expenses of $541K, and assets of $1.9M (revenue +0.3% year-over-year).
2019: Revenue of $427K, expenses of $602K, and assets of $2.0M (revenue +17.9% year-over-year).
2018: Revenue of $362K, expenses of $518K, and assets of $2.2M (revenue -2.3% year-over-year).
2017: Revenue of $371K, expenses of $508K, and assets of $2.2M (revenue +1.5% year-over-year).
2016: Revenue of $365K, expenses of $491K, and assets of $2.4M (revenue +0.2% year-over-year).
2015: Revenue of $364K, expenses of $468K, and assets of $2.5M (revenue +15.6% year-over-year).
2014: Revenue of $315K, expenses of $455K, and assets of $2.6M (revenue +1.2% year-over-year).
2013: Revenue of $311K, expenses of $467K, and assets of $2.7M (revenue -0.4% year-over-year).
2012: Revenue of $313K, expenses of $438K, and assets of $2.9M (revenue +0.7% year-over-year).
2011: Revenue of $311K, expenses of $421K, and assets of $2.9M.

Data Sources and Methodology

This transparency report for Radio Island Marina 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.