Shadow Wood Country Club Inc
Shadow Wood Country Club Inc. consistently operates at a deficit, with expenses exceeding revenue in recent years, while assets continue to grow.
EIN: 113774878 · Estero, FL · NTEE: N50 · Updated: 2026-03-28
Is Shadow Wood Country Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shadow Wood Country Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shadow Wood Country Club Inc
Shadow Wood Country Club Inc (EIN: 113774878) is a nonprofit organization based in Estero, FL, classified under NTEE code N50. The organization reported total revenue of $27.0M and total assets of $73.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shadow Wood Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shadow Wood Country Club Inc is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.7M |
| Total Expenses | $26.6M |
| Surplus / Deficit | $-3,879,230 |
| Total Assets | $65.2M |
| Total Liabilities | $18.9M |
| Net Assets | $46.3M |
| Operating Margin | -17.1% |
| Debt-to-Asset Ratio | 29.0% |
| Months of Reserves | 29.5 months |
Financial Health Grade: B
In 2023, Shadow Wood Country Club Inc reported a deficit of $3.9M with expenses exceeding revenue, holds 29.5 months of operating reserves (strong position), has a debt-to-asset ratio of 29.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shadow Wood Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.6% | +12.2% | +11.3% |
| 2022 | +10.9% | +22.4% | +6.3% |
| 2021 | +14.2% | +8.3% | +14.6% |
| 2020 | +5.0% | +1.9% | +32.6% |
| 2019 | -22.0% | +6.6% | -5.3% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Shadow Wood Country Club Inc with a Mission Score of 50 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Shadow Wood Country 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.9M, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through non-reportable means, which is unusual for an organization with over $20 million in annual revenue and $65 million in assets.
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 Shadow Wood Country Club Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $3.8M in 2023, $4M in 2022) where expenses exceed revenue.
- 0% reported officer compensation for an organization with over $20 million in revenue and $65 million in assets, which is atypical and lacks transparency regarding leadership compensation.
Strengths
The following positive indicators were identified for Shadow Wood Country Club Inc:
- Consistent growth in assets, from $25.6 million in 2014 to $65.1 million in 2023, indicating financial stability and investment in facilities.
- Consistent filing of IRS Form 990s over 13 periods, demonstrating compliance with federal reporting requirements.
Frequently Asked Questions about Shadow Wood Country Club Inc
Is Shadow Wood Country Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shadow Wood Country Club Inc (EIN: 113774878) some concerns. Mission Score: 50/100. 2 red flags identified, 2 strengths noted.
How does Shadow Wood Country Club Inc spend its money?
Shadow Wood Country Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shadow Wood Country Club Inc tax-deductible?
Shadow Wood Country Club Inc is registered as a tax-exempt nonprofit (EIN: 113774878). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Shadow Wood Country Club Inc. a good charity?
Shadow Wood Country Club Inc. is classified as a social and recreation club (NTEE N50), not a public charity. Its purpose is to serve its members, not the general public. Therefore, it should not be evaluated as a 'charity' in the traditional sense.
Why does the organization consistently report 0% officer compensation?
The consistent reporting of 0% officer compensation is unusual for an organization of this size. It could mean that officers are volunteers, compensated through a separate management company, or that their compensation falls under other expense categories not reported as 'officer compensation' on the 990.
What is the reason for the consistent operating deficits?
The organization has reported expenses exceeding revenue in recent years (e.g., $3.8 million deficit in 2023, $4 million in 2022). This could be due to significant capital investments, depreciation, or a strategic decision to draw from reserves to fund operations or improvements. Further detail from internal financial statements would be needed to understand the specific causes.
How does the organization fund its operations given the deficits?
Despite operating deficits, the organization's assets have grown significantly, from $25.6 million in 2014 to $65.1 million in 2023. This suggests that deficits might be covered by accumulated reserves, capital contributions from members, or financing, rather than solely relying on annual operating revenue.
Filing History
IRS 990 filing history for Shadow Wood Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shadow Wood Country Club Inc's revenue has grown by 84.7%, moving from $12.3M to $22.7M. Total assets increased by 243.5% over the same period, from $19.0M to $65.2M. Total functional expenses rose by 107.3%, from $12.8M to $26.6M. In its most recent filing year (2023), Shadow Wood Country Club Inc reported a deficit of $3.9M, with expenses exceeding revenue. The organization holds $18.9M in liabilities against $65.2M in assets (debt-to-asset ratio: 29.0%), resulting in net assets of $46.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.7M | $26.6M | $65.2M | $18.9M | — | — |
| 2022 | $19.6M | $23.7M | $58.6M | $16.6M | — | View 990 |
| 2021 | $17.7M | $19.3M | $55.1M | $17.3M | — | View 990 |
| 2020 | $15.5M | $17.9M | $48.1M | $16.5M | — | — |
| 2019 | $14.8M | $17.5M | $36.3M | $7.0M | — | View 990 |
| 2018 | $18.9M | $16.4M | $38.3M | $10.5M | — | View 990 |
| 2017 | $16.2M | $16.3M | $34.3M | $10.5M | — | View 990 |
| 2016 | $15.6M | $15.4M | $32.9M | $10.3M | — | View 990 |
| 2015 | $15.2M | $14.8M | $26.9M | $5.6M | — | View 990 |
| 2014 | $14.4M | $14.0M | $25.7M | $6.4M | — | View 990 |
| 2013 | $13.8M | $13.3M | $24.4M | $7.1M | — | View 990 |
| 2012 | $12.3M | $13.2M | $23.0M | $7.2M | — | View 990 |
| 2011 | $12.3M | $12.8M | $19.0M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.7M, expenses of $26.6M, and assets of $65.2M (revenue +15.6% year-over-year).
- 2022: Revenue of $19.6M, expenses of $23.7M, and assets of $58.6M (revenue +10.9% year-over-year).
- 2021: Revenue of $17.7M, expenses of $19.3M, and assets of $55.1M (revenue +14.2% year-over-year).
- 2020: Revenue of $15.5M, expenses of $17.9M, and assets of $48.1M (revenue +5.0% year-over-year).
- 2019: Revenue of $14.8M, expenses of $17.5M, and assets of $36.3M (revenue -22.0% year-over-year).
- 2018: Revenue of $18.9M, expenses of $16.4M, and assets of $38.3M (revenue +17.0% year-over-year).
- 2017: Revenue of $16.2M, expenses of $16.3M, and assets of $34.3M (revenue +3.8% year-over-year).
- 2016: Revenue of $15.6M, expenses of $15.4M, and assets of $32.9M (revenue +2.5% year-over-year).
- 2015: Revenue of $15.2M, expenses of $14.8M, and assets of $26.9M (revenue +5.4% year-over-year).
- 2014: Revenue of $14.4M, expenses of $14.0M, and assets of $25.7M (revenue +4.9% year-over-year).
- 2013: Revenue of $13.8M, expenses of $13.3M, and assets of $24.4M (revenue +12.0% year-over-year).
- 2012: Revenue of $12.3M, expenses of $13.2M, and assets of $23.0M (revenue +0.0% year-over-year).
- 2011: Revenue of $12.3M, expenses of $12.8M, and assets of $19.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shadow Wood Country Club Inc:
Data Sources and Methodology
This transparency report for Shadow Wood Country 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.