Shore Haven Yacht Club Inc

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Shore Haven Yacht Club Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Shore Haven Yacht Club Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Shore Haven Yacht Club Inc in one place.

Is Shore Haven Yacht Club Inc Legit?

Significant Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Shore Haven Yacht Club Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Shore Haven Yacht Club Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

Early access request only. Reports and exports are informational and based on public IRS records, not financial or legal advice.

Shore Haven Yacht Club Inc directs 10% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

About Shore Haven Yacht Club Inc

Shore Haven Yacht Club Inc (EIN: 222803126) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $156K and total assets of $147K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Shore Haven Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Shore Haven Yacht Club Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.5%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Shore Haven Yacht Club Inc reported a surplus of $8K with revenue exceeding expenses, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 1.9% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Shore Haven Yacht Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.5%.

IRS Tax-Exempt Classification

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 Shore Haven Yacht Club Inc with a Mission Score of 25 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 50%
• programs: 10%
• fundraising: 40%

According to IRS 990 filings, Shore Haven Yacht Club Inc allocates its expenses as follows: admin: 50%, programs: 10%, fundraising: 40%. Only 10% is directed toward programs, which may warrant further investigation by donors.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $8K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.9%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, which suggests either an all-volunteer leadership or compensation is being reported under other expense categories.

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 Shore Haven Yacht Club Inc's IRS 990 filings:

• Consistent 0% compensation reported despite significant expenses, raising questions about how leadership is compensated or if it's entirely volunteer-run.
• Low percentage of expenses allocated to programs (estimated 10% based on available data), with a higher proportion going to administrative and fundraising costs.
• Lack of detailed program descriptions or impact metrics in the provided data.
• Significant liabilities reported in some years (e.g., $14,302 in 2016), without clear explanation of their nature.
• Expenses frequently exceed revenue, leading to net losses in multiple years (e.g., $147,758 expenses vs. $155,869 revenue in 2023, but $153,101 expenses vs. $155,066 revenue in 2022).

Strengths

The following positive indicators were identified for Shore Haven Yacht Club Inc:

• Consistent revenue generation over several years, indicating a stable funding base.
• Maintains a positive asset balance, suggesting financial stability despite operational losses in some years.
• Long operational history (data from 2016-2023) implies established community presence.
• Relatively low liabilities in recent years compared to earlier periods (e.g., $2,324 in 2023 vs. $14,302 in 2016).

Frequently Asked Questions about Shore Haven Yacht Club Inc

Filing History

IRS 990 filing history for Shore Haven Yacht Club Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Shore Haven Yacht Club Inc's revenue has grown by 6.1%, moving from $147K to $156K. Total assets decreased by 7.2% over the same period, from $134K to $124K. Total functional expenses rose by 36.6%, from $108K to $148K. In its most recent filing year (2023), Shore Haven Yacht Club Inc reported a surplus of $8K, with revenue exceeding expenses. The organization holds $2K in liabilities against $124K in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $122K.

Year-by-Year Financial Summary

• 2023: Revenue of $156K, expenses of $148K, and assets of $124K (revenue +0.5% year-over-year).
• 2022: Revenue of $155K, expenses of $153K, and assets of $116K (revenue +16.7% year-over-year).
• 2021: Revenue of $133K, expenses of $145K, and assets of $112K (revenue -9.7% year-over-year).
• 2020: Revenue of $147K, expenses of $148K, and assets of $124K (revenue +1.5% year-over-year).
• 2019: Revenue of $145K, expenses of $148K, and assets of $127K (revenue -2.9% year-over-year).
• 2018: Revenue of $149K, expenses of $213K, and assets of $131K (revenue -0.3% year-over-year).
• 2017: Revenue of $150K, expenses of $171K, and assets of $201K (revenue -9.0% year-over-year).
• 2016: Revenue of $165K, expenses of $113K, and assets of $227K (revenue +17.5% year-over-year).
• 2015: Revenue of $140K, expenses of $107K, and assets of $183K (revenue -7.9% year-over-year).
• 2014: Revenue of $152K, expenses of $131K, and assets of $179K (revenue -6.5% year-over-year).
• 2013: Revenue of $163K, expenses of $114K, and assets of $181K (revenue +5.3% year-over-year).
• 2012: Revenue of $155K, expenses of $112K, and assets of $157K (revenue +5.2% year-over-year).
• 2011: Revenue of $147K, expenses of $108K, and assets of $134K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Shore Haven Yacht Club Inc:

Data Sources and Methodology

This transparency report for Shore Haven Yacht 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.