Saugatuck Yacht Club
EIN: 383070723 · Saugatuck, MI · NTEE: N50
| Metric | Value |
|---|---|
| Total Revenue | $375K |
| Total Expenses | $295K |
| Net Assets | $445K |
Is Saugatuck 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 Saugatuck Yacht Club
Saugatuck Yacht Club (EIN: 383070723) is a nonprofit organization based in Saugatuck, MI, classified under NTEE code N50. The organization reported total revenue of $375K and total assets of $559K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Saugatuck Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Saugatuck Yacht Club is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $401K |
| Total Expenses | $295K |
| Surplus / Deficit | +$106K |
| Total Assets | $540K |
| Total Liabilities | $94K |
| Net Assets | $445K |
| Operating Margin | 26.4% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 21.9 months |
Financial Health Grade: A
In 2023, Saugatuck Yacht Club reported a surplus of $106K with revenue exceeding expenses, holds 21.9 months of operating reserves (strong position), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2023), Saugatuck Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.8% | -9.6% | +20.8% |
| 2022 | -3.8% | +14.0% | +21.0% |
| 2021 | +5.9% | +12.7% | +6.4% |
| 2020 | +243.4% | +630.1% | +4.9% |
| 2019 | -70.5% | -85.4% | +16.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Saugatuck 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 Saugatuck 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 surplus of $106K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.4%.
Frequently Asked Questions about Saugatuck Yacht Club
Is Saugatuck Yacht Club a legitimate charity?
Saugatuck Yacht Club (EIN: 383070723) is a registered tax-exempt nonprofit based in Michigan. It has 14 years of IRS 990 filings on record. Total revenue: $375K. No red flags identified. Financial health grade: A.
How does Saugatuck Yacht Club spend its money?
Saugatuck Yacht Club reported $375K in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Saugatuck Yacht Club tax-deductible?
Saugatuck Yacht Club is registered as a tax-exempt nonprofit (EIN: 383070723). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Saugatuck Yacht Club located?
Saugatuck Yacht Club is headquartered in Saugatuck, Michigan and files with the IRS under EIN 383070723. It is classified under NTEE code N50.
How many years of IRS 990 filings does Saugatuck Yacht Club have?
Saugatuck Yacht Club has 14 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 $375K in total revenue.
Filing History
IRS 990 filing history for Saugatuck Yacht Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Saugatuck Yacht Club's revenue has grown by 261.6%, moving from $111K to $401K. Total assets increased by 47.2% over the same period, from $366K to $540K. Total functional expenses rose by 208.1%, from $96K to $295K. In its most recent filing year (2023), Saugatuck Yacht Club reported a surplus of $106K, with revenue exceeding expenses. The organization holds $94K in liabilities against $540K in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $445K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $401K | $295K | $540K | $94K | — | — |
| 2022 | $297K | $327K | $447K | $107K | — | View 990 |
| 2021 | $309K | $286K | $369K | $0 | — | View 990 |
| 2020 | $292K | $254K | $347K | $325 | — | — |
| 2019 | $85K | $35K | $330K | $22K | — | View 990 |
| 2019 | $288K | $239K | $283K | $24K | — | View 990 |
| 2018 | $258K | $230K | $251K | $43K | — | View 990 |
| 2017 | $252K | $221K | $256K | $75K | — | View 990 |
| 2016 | $234K | $254K | $258K | $107K | — | View 990 |
| 2015 | $239K | $224K | $310K | $139K | — | View 990 |
| 2014 | $181K | $191K | $324K | $168K | — | View 990 |
| 2013 | $124K | $95K | $352K | $187K | — | View 990 |
| 2012 | $114K | $80K | $371K | $235K | — | View 990 |
| 2011 | $111K | $96K | $366K | $264K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $401K, expenses of $295K, and assets of $540K (revenue +34.8% year-over-year).
- 2022: Revenue of $297K, expenses of $327K, and assets of $447K (revenue -3.8% year-over-year).
- 2021: Revenue of $309K, expenses of $286K, and assets of $369K (revenue +5.9% year-over-year).
- 2020: Revenue of $292K, expenses of $254K, and assets of $347K (revenue +243.4% year-over-year).
- 2019: Revenue of $85K, expenses of $35K, and assets of $330K (revenue -70.5% year-over-year).
- 2019: Revenue of $288K, expenses of $239K, and assets of $283K (revenue +11.9% year-over-year).
- 2018: Revenue of $258K, expenses of $230K, and assets of $251K (revenue +2.4% year-over-year).
- 2017: Revenue of $252K, expenses of $221K, and assets of $256K (revenue +7.7% year-over-year).
- 2016: Revenue of $234K, expenses of $254K, and assets of $258K (revenue -2.4% year-over-year).
- 2015: Revenue of $239K, expenses of $224K, and assets of $310K (revenue +32.1% year-over-year).
- 2014: Revenue of $181K, expenses of $191K, and assets of $324K (revenue +46.4% year-over-year).
- 2013: Revenue of $124K, expenses of $95K, and assets of $352K (revenue +8.9% year-over-year).
- 2012: Revenue of $114K, expenses of $80K, and assets of $371K (revenue +2.6% year-over-year).
- 2011: Revenue of $111K, expenses of $96K, and assets of $366K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Saugatuck Yacht Club:
Data Sources and Methodology
This transparency report for Saugatuck 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.