Shenorock Shore Club Inc
Shenorock Shore Club Inc. shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 131731140 · Rye, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.4M |
| Total Expenses | $8.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $19.5M |
| Transparency Score | 65/100 |
Is Shenorock Shore Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Shenorock Shore Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Shenorock Shore Club Inc
Shenorock Shore Club Inc (EIN: 131731140) is a nonprofit organization based in Rye, NY. The organization reported total revenue of $12.4M and total assets of $21.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shenorock Shore Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Shenorock Shore Club Inc is a large nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.4M |
| Total Expenses | $8.9M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $21.4M |
| Total Liabilities | $1.9M |
| Net Assets | $19.5M |
| Operating Margin | 14.9% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 28.9 months |
Financial Health Grade: A
In 2023, Shenorock Shore Club Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 28.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Shenorock Shore Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.7% | -0.8% | +12.5% |
| 2022 | +4.0% | +13.3% | +4.4% |
| 2021 | +21.7% | +20.0% | +9.9% |
| 2020 | -7.8% | -14.8% | +7.9% |
| 2019 | -10.5% | +6.6% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Shenorock Shore Club Inc with a Mission Score of 65 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Shenorock Shore Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 8.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with over $10 million in annual revenue and $21 million in assets. This suggests either a fully volunteer-led executive team or that executive compensation is structured in a way that is not reported under 'officer compensation' on the IRS Form 990, warranting further scrutiny for complete 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 Shenorock Shore Club Inc's IRS 990 filings:
- No reported officer compensation despite significant revenue and assets, raising transparency concerns.
- NTEE code is unknown, making it difficult to understand the organization's specific mission and program focus.
- Lack of detailed program spending breakdown in the provided data prevents a thorough assessment of program efficiency.
Strengths
The following positive indicators were identified for Shenorock Shore Club Inc:
- Consistent revenue growth, indicating strong financial health and operational stability.
- Steady increase in assets, demonstrating effective financial management and resource accumulation.
- Expenses consistently below revenues, leading to annual surpluses and strengthening the balance sheet.
Frequently Asked Questions about Shenorock Shore Club Inc
Is Shenorock Shore Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Shenorock Shore Club Inc (EIN: 131731140) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Shenorock Shore Club Inc spend its money?
Shenorock Shore Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Shenorock Shore Club Inc tax-deductible?
Shenorock Shore Club Inc is registered as a tax-exempt nonprofit (EIN: 131731140). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Shenorock Shore Club Inc CEO make?
Shenorock Shore Club Inc's highest-compensated officer earns $10 annually. The organization reported $12.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Shenorock Shore Club Inc's spending goes to programs?
Shenorock Shore Club Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Shenorock Shore Club Inc located?
Shenorock Shore Club Inc is headquartered in Rye, New York and files with the IRS under EIN 131731140.
How many years of IRS 990 filings does Shenorock Shore Club Inc have?
Shenorock Shore Club 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 $12.4M in total revenue.
Is Shenorock Shore Club Inc. a good charity?
Based on the available IRS 990 data, Shenorock Shore Club Inc. demonstrates strong financial health with consistent revenue growth and increasing assets. However, the complete absence of reported officer compensation is a significant anomaly that raises questions about transparency regarding executive remuneration. Without a clear NTEE code or detailed program spending breakdown, it's difficult to fully assess its charitable impact or spending efficiency in relation to its mission.
How does Shenorock Shore Club Inc. manage its executive compensation?
The IRS 990 filings consistently report 0% officer compensation. This is highly unusual for an organization of its financial scale and suggests that executive leadership may be entirely volunteer-based, or that compensation is provided through non-officer roles or other means not captured in this specific line item on the 990.
What is the purpose of Shenorock Shore Club Inc. given its financial data?
The NTEE code is unknown, which makes it difficult to definitively state its purpose. However, the name 'Shore Club' and its consistent revenue and asset growth suggest it operates as a membership-based organization, likely a social or recreational club, rather than a traditional public charity focused on broad community benefit.
Has Shenorock Shore Club Inc. been financially stable over time?
Yes, the organization has demonstrated strong financial stability. Revenues have consistently grown from $7,657,603 in 2014 to $10,422,205 in 2023, and assets have more than doubled from $8,894,032 to $21,387,144 over the same period, indicating robust financial management and growth.
Filing History
IRS 990 filing history for Shenorock Shore Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Shenorock Shore Club Inc's revenue has grown by 47.7%, moving from $7.1M to $10.4M. Total assets increased by 179.9% over the same period, from $7.6M to $21.4M. Total functional expenses rose by 48.3%, from $6.0M to $8.9M. In its most recent filing year (2023), Shenorock Shore Club Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $1.9M in liabilities against $21.4M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $19.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.4M | $8.9M | $21.4M | $1.9M | — | — |
| 2022 | $9.7M | $8.9M | $19.0M | $1.8M | — | View 990 |
| 2021 | $9.3M | $7.9M | $18.2M | $1.8M | — | View 990 |
| 2020 | $7.6M | $6.6M | $16.6M | $1.5M | — | — |
| 2019 | $8.3M | $7.7M | $15.4M | $1.4M | — | View 990 |
| 2018 | $9.3M | $7.2M | $15.1M | $1.7M | — | View 990 |
| 2017 | $8.5M | $7.4M | $12.0M | $700K | — | View 990 |
| 2016 | $8.3M | $7.5M | $10.6M | $407K | — | View 990 |
| 2015 | $8.3M | $7.1M | $9.9M | $454K | — | View 990 |
| 2014 | $7.7M | $6.8M | $8.9M | $709K | — | View 990 |
| 2013 | $10.7M | $11.4M | $8.4M | $1.1M | — | View 990 |
| 2012 | $7.5M | $6.3M | $9.6M | $1.5M | — | View 990 |
| 2011 | $7.1M | $6.0M | $7.6M | $720K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.4M, expenses of $8.9M, and assets of $21.4M (revenue +7.7% year-over-year).
- 2022: Revenue of $9.7M, expenses of $8.9M, and assets of $19.0M (revenue +4.0% year-over-year).
- 2021: Revenue of $9.3M, expenses of $7.9M, and assets of $18.2M (revenue +21.7% year-over-year).
- 2020: Revenue of $7.6M, expenses of $6.6M, and assets of $16.6M (revenue -7.8% year-over-year).
- 2019: Revenue of $8.3M, expenses of $7.7M, and assets of $15.4M (revenue -10.5% year-over-year).
- 2018: Revenue of $9.3M, expenses of $7.2M, and assets of $15.1M (revenue +8.4% year-over-year).
- 2017: Revenue of $8.5M, expenses of $7.4M, and assets of $12.0M (revenue +3.2% year-over-year).
- 2016: Revenue of $8.3M, expenses of $7.5M, and assets of $10.6M (revenue -0.3% year-over-year).
- 2015: Revenue of $8.3M, expenses of $7.1M, and assets of $9.9M (revenue +8.4% year-over-year).
- 2014: Revenue of $7.7M, expenses of $6.8M, and assets of $8.9M (revenue -28.3% year-over-year).
- 2013: Revenue of $10.7M, expenses of $11.4M, and assets of $8.4M (revenue +42.6% year-over-year).
- 2012: Revenue of $7.5M, expenses of $6.3M, and assets of $9.6M (revenue +6.0% year-over-year).
- 2011: Revenue of $7.1M, expenses of $6.0M, and assets of $7.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Shenorock Shore Club Inc:
Data Sources and Methodology
This transparency report for Shenorock Shore 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.