Seawanhaka Corinthian Yacht Club

Seawanhaka Corinthian Yacht Club shows consistent revenue and asset growth, with no reported officer compensation.

EIN: 111310150 · Oyster Bay, NY · Updated: 2026-03-28

$7.6MRevenue

$7.3MAssets

75/100Mission Score (Good)

About Seawanhaka Corinthian Yacht Club

Seawanhaka Corinthian Yacht Club (EIN: 111310150) is a nonprofit organization based in Oyster Bay, NY. The organization reported total revenue of $7.6M and total assets of $7.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Seawanhaka Corinthian Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Seawanhaka Corinthian Yacht Club demonstrates consistent financial activity, with revenues generally exceeding expenses across the reviewed periods, indicating a stable operational model. For instance, in 2022, revenue was $5,645,644 against expenses of $5,549,189, showing a slight surplus. However, in 2023, expenses ($6,071,272) slightly outpaced revenue ($5,795,858), resulting in a deficit for that year. The organization's assets have shown steady growth, increasing from $4,215,866 in 2014 to $7,000,512 in 2023, suggesting good asset management and accumulation over time. Liabilities have also seen some fluctuation but remain manageable relative to assets.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational surpluses in most years suggest that the organization is generally managing its expenses within its revenue streams. The absence of reported officer compensation across all filings is a notable point, which could indicate a volunteer-led executive structure or that compensation is reported under other expense categories, warranting further investigation for complete transparency.

Overall, the club appears financially sound with growing assets and generally balanced budgets. The lack of reported officer compensation is a key area for further inquiry to fully understand the organization's transparency practices regarding executive remuneration. The consistent revenue and expense figures over a decade suggest a predictable financial environment.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Seawanhaka Corinthian Yacht Club with a Mission Score of 75 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, Seawanhaka Corinthian Yacht Club 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

The organization consistently reports 0% officer compensation across all available filings, which is unusual for an entity with revenues exceeding $5 million annually. This could imply a fully volunteer executive leadership or that compensation is categorized differently, requiring further detail for a complete understanding of executive remuneration practices.

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 Seawanhaka Corinthian Yacht Club's IRS 990 filings:

Lack of detailed spending breakdown (program, admin, fundraising) in provided data
Consistent 0% officer compensation reported, which may obscure executive remuneration if it's categorized elsewhere

Strengths

The following positive indicators were identified for Seawanhaka Corinthian Yacht Club:

Consistent revenue generation over a decade, averaging over $5 million annually.
Steady growth in assets, from $4.2 million in 2014 to $7 million in 2023, indicating financial stability.
Generally balanced budgets with revenues often exceeding expenses, demonstrating operational efficiency.
Low liabilities relative to assets, suggesting good financial health.

Frequently Asked Questions about Seawanhaka Corinthian Yacht Club

Why is officer compensation consistently reported as 0% across all filings?

The IRS 990 filings for Seawanhaka Corinthian Yacht Club consistently show 0% officer compensation. This could indicate that executive leadership is entirely volunteer-based, or that compensation is reported under different expense categories, which would require a deeper dive into the detailed expense schedules to clarify.

What is the primary source of the club's revenue?

While the filings show total revenue, the specific breakdown of revenue sources (e.g., membership dues, event fees, donations) is not detailed in the provided summary. Further analysis of the full IRS 990 forms would be needed to identify the primary revenue streams.

How does the club manage its liabilities, which have fluctuated over the years?

Liabilities have varied, for example, from $2,079,492 in 2014 to $2,205,328 in 2023. While they have fluctuated, they remain a manageable portion of the organization's growing assets, suggesting a stable approach to debt and financial obligations.

Filing History

IRS 990 filing history for Seawanhaka Corinthian Yacht Club showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Seawanhaka Corinthian Yacht Club's revenue has grown by 35.3%, moving from $4.3M to $5.8M. Total assets increased by 92.2% over the same period, from $3.6M to $7.0M. Total functional expenses rose by 46.9%, from $4.1M to $6.1M. In its most recent filing year (2023), Seawanhaka Corinthian Yacht Club reported a deficit of $275K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $7.0M in assets (debt-to-asset ratio: 31.5%), resulting in net assets of $4.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$5.8M	$6.1M	$7.0M	$2.2M	—	—
2022	$5.6M	$5.5M	$7.2M	$2.1M	—	View 990
2021	$5.7M	$5.4M	$6.9M	$1.9M	—	View 990
2020	$4.6M	$4.2M	$6.7M	$1.9M	—	View 990
2019	$5.3M	$5.0M	$6.1M	$1.7M	—	—
2018	$5.4M	$4.9M	$5.7M	$1.7M	—	View 990
2017	$5.7M	$4.9M	$5.3M	$1.7M	—	View 990
2016	$5.3M	$4.9M	$4.8M	$2.0M	—	View 990
2015	$4.9M	$4.6M	$4.6M	$2.2M	—	View 990
2014	$5.0M	$4.8M	$4.2M	$2.1M	—	View 990
2013	$4.9M	$4.9M	$4.0M	$2.1M	—	View 990
2012	$4.6M	$4.8M	$4.0M	$2.0M	—	View 990
2011	$4.9M	$4.5M	$3.9M	$1.9M	—	View 990
2010	$4.3M	$4.1M	$3.6M	$2.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $5.8M, expenses of $6.1M, and assets of $7.0M (revenue +2.7% year-over-year).
2022: Revenue of $5.6M, expenses of $5.5M, and assets of $7.2M (revenue -0.3% year-over-year).
2021: Revenue of $5.7M, expenses of $5.4M, and assets of $6.9M (revenue +22.1% year-over-year).
2020: Revenue of $4.6M, expenses of $4.2M, and assets of $6.7M (revenue -12.5% year-over-year).
2019: Revenue of $5.3M, expenses of $5.0M, and assets of $6.1M (revenue -2.1% year-over-year).
2018: Revenue of $5.4M, expenses of $4.9M, and assets of $5.7M (revenue -4.4% year-over-year).
2017: Revenue of $5.7M, expenses of $4.9M, and assets of $5.3M (revenue +7.8% year-over-year).
2016: Revenue of $5.3M, expenses of $4.9M, and assets of $4.8M (revenue +8.1% year-over-year).
2015: Revenue of $4.9M, expenses of $4.6M, and assets of $4.6M (revenue -3.1% year-over-year).
2014: Revenue of $5.0M, expenses of $4.8M, and assets of $4.2M (revenue +3.0% year-over-year).
2013: Revenue of $4.9M, expenses of $4.9M, and assets of $4.0M (revenue +5.2% year-over-year).
2012: Revenue of $4.6M, expenses of $4.8M, and assets of $4.0M (revenue -5.1% year-over-year).
2011: Revenue of $4.9M, expenses of $4.5M, and assets of $3.9M (revenue +13.9% year-over-year).
2010: Revenue of $4.3M, expenses of $4.1M, and assets of $3.6M.

Data Sources and Methodology

This transparency report for Seawanhaka Corinthian 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.