Spring Brook Country Club
Spring Brook Country Club: Strong Assets, Consistent Revenue, but Lacks Public Mission Clarity
EIN: 221298220 · Morristown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $14.5M |
| Total Expenses | $9.7M |
| Net Assets | $7.9M |
| Transparency Score | 30/100 |
Is Spring Brook Country Club Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Spring Brook Country Club
Spring Brook Country Club (EIN: 221298220) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $14.5M and total assets of $20.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spring Brook Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spring Brook Country Club is a large nonprofit that has been operating for 82 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.4M |
| Total Expenses | $9.7M |
| Surplus / Deficit | +$744K |
| Total Assets | $17.2M |
| Total Liabilities | $9.2M |
| Net Assets | $7.9M |
| Operating Margin | 7.1% |
| Debt-to-Asset Ratio | 53.7% |
| Months of Reserves | 21.2 months |
Financial Health Grade: A
In 2024, Spring Brook Country Club reported a surplus of $744K with revenue exceeding expenses, holds 21.2 months of operating reserves (strong position), has a debt-to-asset ratio of 53.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Spring Brook Country Club's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.3% | +4.2% | +4.9% |
| 2023 | -0.4% | +2.8% | +0.4% |
| 2022 | +19.5% | +18.1% | +2.7% |
| 2021 | +2.3% | -6.7% | +18.2% |
| 2020 | -2.8% | +3.4% | -1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1944 |
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 Spring Brook Country Club with a Mission Score of 30 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Spring Brook Country Club allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $744K, with revenue exceeding expenses.
- Debt-to-asset ratio: 53.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data, and the expense breakdown is reported as 0% across all 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 Spring Brook Country Club's IRS 990 filings:
- Reporting 0% for all expense categories (programs, admin, fundraising) on 990 filings is highly irregular and raises questions about financial transparency and reporting accuracy.
- The organization's name and reported activity ('Country Club') suggest it primarily serves private members rather than a broad public mission, which is unusual for a tax-exempt entity.
- Lack of clear program service expenses makes it impossible to determine how revenue is used to further any potential charitable purpose.
Strengths
The following positive indicators were identified for Spring Brook Country Club:
- Consistently strong revenue, with over $10 million reported in 2024 ($10,448,323) and over $9 million in prior years.
- Significant and growing assets, reaching $17,165,683 in 2024, indicating financial stability.
- Low liabilities relative to assets, with liabilities at $9,224,485 in 2024, suggesting a healthy balance sheet.
Frequently Asked Questions about Spring Brook Country Club
Is Spring Brook Country Club a legitimate charity?
Spring Brook Country Club (EIN: 221298220) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 30/100. It has 14 years of IRS 990 filings on record. Total revenue: $14.5M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Spring Brook Country Club spend its money?
Spring Brook Country Club reported $14.5M in total revenue in IRS 990 filings. 14 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Spring Brook Country Club tax-deductible?
Spring Brook Country Club is registered as a tax-exempt nonprofit (EIN: 221298220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Spring Brook Country Club located?
Spring Brook Country Club is headquartered in Morristown, New Jersey and files with the IRS under EIN 221298220.
How many years of IRS 990 filings does Spring Brook Country Club have?
Spring Brook Country Club has 14 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 $14.5M in total revenue.
What does Spring Brook Country Club do?
Spring Brook Country Club is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Spring Brook Country Club have?
Spring Brook Country Club reported total revenue of $14,457,830. Based on 14 IRS 990 filings on record.
What are Spring Brook Country Club's total assets?
Spring Brook Country Club holds total assets of $20,451,564 as reported in IRS 990 filings.
Where is Spring Brook Country Club located?
Spring Brook Country Club is based in Morristown, New Jersey.
What is Spring Brook Country Club's EIN?
Spring Brook Country Club's Employer Identification Number (EIN) is 221298220. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Spring Brook Country Club?
Spring Brook Country Club is classified under NTEE code Unknown (Unknown).
Is Spring Brook Country Club a registered 501(c)(3)?
Spring Brook Country Club appears in IRS records (EIN: 221298220). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Spring Brook Country Club file IRS Form 990?
Yes, Spring Brook Country Club has 14 IRS Form 990 filings on record. The most recent covers tax period 202401.
What was Spring Brook Country Club's revenue in 2024?
In the 202401 filing period, Spring Brook Country Club reported total revenue of $10,448,323, total expenses of $9,704,186, and net assets of $17,165,683.
Is Spring Brook Country Club's revenue growing or declining?
Spring Brook Country Club's revenue is growing. Revenue went from $9,644,466 (202301) to $10,448,323 (202401), a +8.3% change. Based on 14 filings on record.
What is Spring Brook Country Club's most recent 990 filing?
The most recent IRS Form 990 filing for Spring Brook Country Club covers tax period 202401. It shows revenue of $10,448,323, expenses of $9,704,186, total assets of $17,165,683, and liabilities of $9,224,485.
Is Spring Brook Country Club a trustworthy charity?
Based on AI analysis of IRS 990 data, Spring Brook Country Club has notable concerns. Mission Score: 30/100 (Poor). 3 red flags identified. 3 strengths noted.
What are the red flags for Spring Brook Country Club?
The following concerns were identified: Reporting 0% for all expense categories (programs, admin, fundraising) on 990 filings is highly irregular and raises questions about financial transparency and reporting accuracy.. The organization's name and reported activity ('Country Club') suggest it primarily serves private members rather than a broad public mission, which is unusual for a tax-exempt entity.. Lack of clear program service expenses makes it impossible to determine how revenue is used to further any potential charitable purpose.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Spring Brook Country Club's strengths?
Positive indicators for Spring Brook Country Club include: Consistently strong revenue, with over $10 million reported in 2024 ($10,448,323) and over $9 million in prior years.. Significant and growing assets, reaching $17,165,683 in 2024, indicating financial stability.. Low liabilities relative to assets, with liabilities at $9,224,485 in 2024, suggesting a healthy balance sheet.. These findings are derived from AI analysis of the organization's financial filings.
How does Spring Brook Country Club compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the given data, and the expense breakdown is reported as 0% across all categories. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Country Club' designation and 0% reported expenses for programs, administration, and fundraising, what is the basis for Spring Brook Country Club's tax-exempt status?
The provided data does not clarify the specific tax-exempt classification (e.g., 501(c)(3), 501(c)(7)) or the public benefit justification for its 'Country Club' operations, especially with no reported program expenses.
How does Spring Brook Country Club manage its operations and expenses if all categories (programs, admin, fundraising) are reported as 0% on its 990 filings?
The consistent reporting of 0% across all expense categories on the 990 filings is a significant anomaly. It suggests either a highly unusual accounting method, a misinterpretation of reporting requirements, or that expenses are categorized in a way not reflected in these standard breakdowns.
Filing History
IRS 990 filing history for Spring Brook Country Club showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Spring Brook Country Club's revenue has grown by 71.8%, moving from $6.1M to $10.4M. Total assets increased by 33.8% over the same period, from $12.8M to $17.2M. Total functional expenses rose by 52.7%, from $6.4M to $9.7M. In its most recent filing year (2024), Spring Brook Country Club reported a surplus of $744K, with revenue exceeding expenses. The organization holds $9.2M in liabilities against $17.2M in assets (debt-to-asset ratio: 53.7%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10.4M | $9.7M | $17.2M | $9.2M | — | View 990 |
| 2023 | $9.6M | $9.3M | $16.4M | $9.1M | — | View 990 |
| 2022 | $9.7M | $9.1M | $16.3M | $9.1M | — | View 990 |
| 2021 | $8.1M | $7.7M | $15.9M | $9.1M | — | View 990 |
| 2020 | $7.9M | $8.2M | $13.4M | $6.9M | — | View 990 |
| 2019 | $8.2M | $8.0M | $13.7M | $6.7M | — | View 990 |
| 2018 | $7.6M | $8.0M | $14.5M | $7.6M | — | View 990 |
| 2017 | $7.8M | $7.6M | $15.1M | $7.4M | — | View 990 |
| 2016 | $8.1M | $7.4M | $14.8M | $7.0M | — | View 990 |
| 2015 | $8.3M | $7.2M | $14.0M | $6.5M | — | View 990 |
| 2014 | $7.5M | $7.5M | $13.5M | $6.5M | — | View 990 |
| 2013 | $7.1M | $7.1M | $13.4M | $6.1M | — | View 990 |
| 2012 | $7.2M | $6.9M | $13.7M | $5.9M | — | View 990 |
| 2011 | $6.1M | $6.4M | $12.8M | $5.1M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.4M, expenses of $9.7M, and assets of $17.2M (revenue +8.3% year-over-year).
- 2023: Revenue of $9.6M, expenses of $9.3M, and assets of $16.4M (revenue -0.4% year-over-year).
- 2022: Revenue of $9.7M, expenses of $9.1M, and assets of $16.3M (revenue +19.5% year-over-year).
- 2021: Revenue of $8.1M, expenses of $7.7M, and assets of $15.9M (revenue +2.3% year-over-year).
- 2020: Revenue of $7.9M, expenses of $8.2M, and assets of $13.4M (revenue -2.8% year-over-year).
- 2019: Revenue of $8.2M, expenses of $8.0M, and assets of $13.7M (revenue +7.5% year-over-year).
- 2018: Revenue of $7.6M, expenses of $8.0M, and assets of $14.5M (revenue -2.5% year-over-year).
- 2017: Revenue of $7.8M, expenses of $7.6M, and assets of $15.1M (revenue -4.4% year-over-year).
- 2016: Revenue of $8.1M, expenses of $7.4M, and assets of $14.8M (revenue -1.8% year-over-year).
- 2015: Revenue of $8.3M, expenses of $7.2M, and assets of $14.0M (revenue +10.8% year-over-year).
- 2014: Revenue of $7.5M, expenses of $7.5M, and assets of $13.5M (revenue +4.7% year-over-year).
- 2013: Revenue of $7.1M, expenses of $7.1M, and assets of $13.4M (revenue -1.3% year-over-year).
- 2012: Revenue of $7.2M, expenses of $6.9M, and assets of $13.7M (revenue +19.0% year-over-year).
- 2011: Revenue of $6.1M, expenses of $6.4M, and assets of $12.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spring Brook Country Club:
Data Sources and Methodology
This transparency report for Spring Brook Country 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.