River Club Of New York Inc
River Club Of New York Inc consistently reports liabilities exceeding assets and frequent operational deficits.
EIN: 131223620 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $15.1M |
| Total Expenses | $13.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $-8,449,286 |
| Transparency Score | 40/100 |
Is River Club Of New York Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
River Club Of New York Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About River Club Of New York Inc
River Club Of New York Inc (EIN: 131223620) is a nonprofit organization based in New York, NY. The organization reported total revenue of $15.1M and total assets of $80.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of River Club Of New York Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
River Club Of New York Inc is a large nonprofit that has been operating for 88 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.9M |
| Total Expenses | $13.2M |
| Surplus / Deficit | $-287,375 |
| Total Assets | $83.6M |
| Total Liabilities | $92.0M |
| Net Assets | $-8,449,286 |
| Operating Margin | -2.2% |
| Debt-to-Asset Ratio | 110.1% |
| Months of Reserves | 75.9 months |
Financial Health Grade: C
In 2023, River Club Of New York Inc reported a deficit of $287K with expenses exceeding revenue, holds 75.9 months of operating reserves (strong position), has a debt-to-asset ratio of 110.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), River Club Of New York Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.2% | -1.9% | +-0.0% |
| 2022 | +6.6% | +44.2% | +366.2% |
| 2021 | -14.0% | -15.9% | -3.9% |
| 2020 | +5.1% | -24.0% | +20.7% |
| 2019 | +23.2% | +34.6% | -17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1938 |
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 River Club Of New York Inc with a Mission Score of 40 out of 100 (Fair). 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, River Club Of New York 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 deficit of $287K, with expenses exceeding revenue.
- Debt-to-asset ratio: 110.1%.
Executive Compensation Analysis
No officer compensation has been reported across all 13 filings, which is unusual for an organization with annual revenues exceeding $10 million. This could indicate a volunteer executive team or that compensation is categorized differently, warranting further investigation for full transparency.
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 River Club Of New York Inc's IRS 990 filings:
- Consistent negative net assets (liabilities exceeding assets), indicating potential financial instability (e.g., $83.5M assets vs. $92M liabilities in 2023).
- Frequent operational deficits where expenses exceed revenue (e.g., $13.2M expenses vs. $12.9M revenue in 2023).
- No reported officer compensation across all 13 filings, which is unusual for an organization of this scale.
- Unknown NTEE code, making it difficult to assess program alignment and efficiency against industry benchmarks.
Strengths
The following positive indicators were identified for River Club Of New York Inc:
- Significant and relatively stable revenue generation over multiple years, generally above $10 million.
- Long filing history (13 filings) indicating consistent reporting to the IRS.
Frequently Asked Questions about River Club Of New York Inc
Is River Club Of New York Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, River Club Of New York Inc (EIN: 131223620) significant concerns. Mission Score: 40/100. 4 red flags identified, 2 strengths noted.
How does River Club Of New York Inc spend its money?
River Club Of New York Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to River Club Of New York Inc tax-deductible?
River Club Of New York Inc is registered as a tax-exempt nonprofit (EIN: 131223620). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the River Club Of New York Inc CEO make?
River Club Of New York Inc's highest-compensated officer earns $10 annually. The organization reported $15.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of River Club Of New York Inc's spending goes to programs?
River Club Of New York Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is River Club Of New York Inc located?
River Club Of New York Inc is headquartered in New York, New York and files with the IRS under EIN 131223620.
How many years of IRS 990 filings does River Club Of New York Inc have?
River Club Of New York Inc 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 $15.1M in total revenue.
What is the primary mission and program service of the River Club Of New York Inc?
Without an NTEE code or detailed program expense breakdown, the specific mission and program services are unclear from the provided data.
Why do liabilities consistently exceed assets for the organization?
The consistent negative net assets (e.g., $83.5M assets vs. $92M liabilities in 2023) suggest a significant reliance on debt or specific financial arrangements that require further scrutiny to understand the underlying causes and sustainability.
How does the organization cover its operational deficits?
With expenses frequently exceeding revenue (e.g., $13.2M expenses vs. $12.9M revenue in 2023), the organization must be covering these deficits through other means, such as drawing from reserves, new loans, or other non-operating income sources not detailed here.
Is the lack of reported officer compensation accurate, and if so, how is executive leadership compensated or structured?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size and warrants clarification on how executive leadership is structured and compensated, if at all.
Filing History
IRS 990 filing history for River Club Of New York Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), River Club Of New York Inc's revenue has grown by 30.3%, moving from $9.9M to $12.9M. Total assets increased by 1935.5% over the same period, from $4.1M to $83.6M. Total functional expenses rose by 29%, from $10.2M to $13.2M. In its most recent filing year (2023), River Club Of New York Inc reported a deficit of $287K, with expenses exceeding revenue. The organization holds $92.0M in liabilities against $83.6M in assets (debt-to-asset ratio: 110.1%), resulting in net assets of $-8,449,286.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.9M | $13.2M | $83.6M | $92.0M | — | — |
| 2022 | $11.0M | $13.5M | $83.6M | $92.1M | — | View 990 |
| 2021 | $10.3M | $9.3M | $17.9M | $23.6M | — | View 990 |
| 2020 | $12.0M | $11.1M | $18.7M | $23.8M | — | View 990 |
| 2019 | $11.4M | $14.6M | $15.5M | $21.7M | — | — |
| 2018 | $9.3M | $10.9M | $18.8M | $21.3M | — | View 990 |
| 2017 | $10.3M | $12.5M | $17.6M | $18.8M | — | View 990 |
| 2016 | $15.1M | $12.0M | $23.5M | $23.2M | — | View 990 |
| 2015 | $8.9M | $10.6M | $3.5M | $6.4M | — | View 990 |
| 2014 | $9.7M | $9.8M | $4.7M | $5.1M | — | View 990 |
| 2013 | $8.6M | $10.1M | $5.8M | $5.2M | — | View 990 |
| 2012 | $10.0M | $9.9M | $6.2M | $4.8M | — | View 990 |
| 2011 | $9.9M | $10.2M | $4.1M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.9M, expenses of $13.2M, and assets of $83.6M (revenue +17.2% year-over-year).
- 2022: Revenue of $11.0M, expenses of $13.5M, and assets of $83.6M (revenue +6.6% year-over-year).
- 2021: Revenue of $10.3M, expenses of $9.3M, and assets of $17.9M (revenue -14.0% year-over-year).
- 2020: Revenue of $12.0M, expenses of $11.1M, and assets of $18.7M (revenue +5.1% year-over-year).
- 2019: Revenue of $11.4M, expenses of $14.6M, and assets of $15.5M (revenue +23.2% year-over-year).
- 2018: Revenue of $9.3M, expenses of $10.9M, and assets of $18.8M (revenue -9.7% year-over-year).
- 2017: Revenue of $10.3M, expenses of $12.5M, and assets of $17.6M (revenue -32.0% year-over-year).
- 2016: Revenue of $15.1M, expenses of $12.0M, and assets of $23.5M (revenue +70.9% year-over-year).
- 2015: Revenue of $8.9M, expenses of $10.6M, and assets of $3.5M (revenue -8.5% year-over-year).
- 2014: Revenue of $9.7M, expenses of $9.8M, and assets of $4.7M (revenue +12.3% year-over-year).
- 2013: Revenue of $8.6M, expenses of $10.1M, and assets of $5.8M (revenue -13.7% year-over-year).
- 2012: Revenue of $10.0M, expenses of $9.9M, and assets of $6.2M (revenue +0.6% year-over-year).
- 2011: Revenue of $9.9M, expenses of $10.2M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for River Club Of New York Inc:
Data Sources and Methodology
This transparency report for River Club Of New York 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.