Shelter Rock Tennis Club Inc
Shelter Rock Tennis Club Inc. faces recurring operating deficits and high liabilities despite consistent revenue.
EIN: 111955994 · Manhasset, NY · Updated: 2026-03-28
Is Shelter Rock Tennis Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shelter Rock Tennis Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shelter Rock Tennis Club Inc
Shelter Rock Tennis Club Inc (EIN: 111955994) is a nonprofit organization based in Manhasset, NY. The organization reported total revenue of $2.4M and total assets of $885K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shelter Rock Tennis Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shelter Rock Tennis Club Inc is a mid-size nonprofit that has been operating for 54 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-337,769 |
| Total Assets | $1.0M |
| Total Liabilities | $3.0M |
| Net Assets | $-1,990,021 |
| Operating Margin | -13.2% |
| Debt-to-Asset Ratio | 290.3% |
| Months of Reserves | 4.3 months |
Financial Health Grade: C
In 2023, Shelter Rock Tennis Club Inc reported a deficit of $338K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 290.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shelter Rock Tennis Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.0% | +10.9% | +16.6% |
| 2022 | +25.4% | +4.1% | -2.3% |
| 2021 | +8.3% | +25.8% | +4.1% |
| 2020 | -20.2% | -20.0% | -3.3% |
| 2019 | +3.4% | +-0.0% | +30.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1972 |
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 Shelter Rock Tennis Club Inc with a Mission Score of 55 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, Shelter Rock Tennis 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 $338K, with expenses exceeding revenue.
- Debt-to-asset ratio: 290.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is not compensated through salaries, which is a positive for resource allocation.
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 Shelter Rock Tennis Club Inc's IRS 990 filings:
- Recurring operating deficits (e.g., $337,769 in 2023, $315,478 in 2021)
- Liabilities significantly exceed assets (e.g., $3,035,837 liabilities vs. $1,045,816 assets in 2023)
- Lack of detailed program spending breakdown in provided data
- NTEE code is unknown, making it difficult to assess its specific charitable purpose or sector.
Strengths
The following positive indicators were identified for Shelter Rock Tennis Club Inc:
- Consistent revenue generation above $2 million annually
- No reported officer compensation, indicating volunteer or non-salaried executive leadership
- Long filing history (13 filings) suggests consistent operation and compliance
Frequently Asked Questions about Shelter Rock Tennis Club Inc
Is Shelter Rock Tennis Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shelter Rock Tennis Club Inc (EIN: 111955994) some concerns. Mission Score: 55/100. 4 red flags identified, 3 strengths noted.
How does Shelter Rock Tennis Club Inc spend its money?
Shelter Rock Tennis Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shelter Rock Tennis Club Inc tax-deductible?
Shelter Rock Tennis Club Inc is registered as a tax-exempt nonprofit (EIN: 111955994). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the nature of the significant liabilities reported, especially the $3,035,837 in 2023?
The filings do not provide specific details on the nature of these liabilities, but their magnitude relative to assets suggests they could be related to debt, deferred revenue, or other obligations that impact the organization's financial stability.
How does Shelter Rock Tennis Club Inc. cover its operating deficits, such as the $337,769 deficit in 2023?
The filings do not explicitly state how deficits are covered. It could be through drawing down reserves, increasing debt, or other financial maneuvers not detailed in the summary data.
What are the primary program activities and how are they funded?
As a 'Tennis Club,' its primary activities likely revolve around providing tennis facilities and related services. However, the 990 data provided does not detail specific program expenditures or funding sources beyond general revenue.
Given the 'club' designation, what is its public benefit or charitable purpose?
Without an NTEE code or mission statement, it's difficult to ascertain its specific public benefit. Many clubs operate as member-serving organizations, and their charitable status might stem from specific educational or recreational provisions.
Filing History
IRS 990 filing history for Shelter Rock Tennis Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shelter Rock Tennis Club Inc's revenue has grown by 2.9%, moving from $2.5M to $2.6M. Total assets decreased by 54% over the same period, from $2.3M to $1.0M. Total functional expenses rose by 12.6%, from $2.6M to $2.9M. In its most recent filing year (2023), Shelter Rock Tennis Club Inc reported a deficit of $338K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $1.0M in assets (debt-to-asset ratio: 290.3%), resulting in net assets of $-1,990,021.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.9M | $1.0M | $3.0M | — | View 990 |
| 2022 | $2.7M | $2.6M | $897K | $2.5M | — | — |
| 2021 | $2.2M | $2.5M | $919K | $2.7M | — | View 990 |
| 2020 | $2.0M | $2.0M | $882K | $2.4M | — | — |
| 2019 | $2.5M | $2.5M | $912K | $2.4M | — | — |
| 2018 | $2.4M | $2.5M | $698K | $2.2M | — | View 990 |
| 2017 | $2.4M | $2.3M | $840K | $2.3M | — | View 990 |
| 2016 | $2.2M | $2.2M | $919K | $2.4M | — | View 990 |
| 2015 | $2.5M | $2.3M | $2.0M | $2.1M | — | View 990 |
| 2014 | $2.5M | $2.5M | $2.1M | $1.3M | — | View 990 |
| 2013 | $2.4M | $2.5M | $2.1M | $1.3M | — | View 990 |
| 2012 | $2.6M | $2.4M | $2.2M | $1.2M | — | View 990 |
| 2011 | $2.5M | $2.6M | $2.3M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.9M, and assets of $1.0M (revenue -7.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.6M, and assets of $897K (revenue +25.4% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.5M, and assets of $919K (revenue +8.3% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.0M, and assets of $882K (revenue -20.2% year-over-year).
- 2019: Revenue of $2.5M, expenses of $2.5M, and assets of $912K (revenue +3.4% year-over-year).
- 2018: Revenue of $2.4M, expenses of $2.5M, and assets of $698K (revenue +2.9% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.3M, and assets of $840K (revenue +10.0% year-over-year).
- 2016: Revenue of $2.2M, expenses of $2.2M, and assets of $919K (revenue -14.5% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.3M, and assets of $2.0M (revenue +2.9% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.5M, and assets of $2.1M (revenue +1.9% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.5M, and assets of $2.1M (revenue -5.8% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.4M, and assets of $2.2M (revenue +3.0% year-over-year).
- 2011: Revenue of $2.5M, expenses of $2.6M, and assets of $2.3M.
Data Sources and Methodology
This transparency report for Shelter Rock Tennis 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.