St Georges Golf & Country Club Inc
St Georges Golf & Country Club Inc reports a $2 million deficit in 2023 after a surplus in 2022.
EIN: 111279195 · Setauket, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $9.2M |
| Program Spending | 80% |
| Net Assets | $-232,518 |
| Transparency Score | 60/100 |
Is St Georges Golf & 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 →
St Georges Golf & Country Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About St Georges Golf & Country Club Inc
St Georges Golf & Country Club Inc (EIN: 111279195) is a nonprofit organization based in Setauket, NY. The organization reported total revenue of $8.2M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of St Georges Golf & Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
St Georges Golf & Country Club Inc is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.1M |
| Total Expenses | $9.2M |
| Surplus / Deficit | $-2,077,880 |
| Total Assets | $4.2M |
| Total Liabilities | $4.4M |
| Net Assets | $-232,518 |
| Operating Margin | -29.4% |
| Debt-to-Asset Ratio | 105.6% |
| Months of Reserves | 5.5 months |
Financial Health Grade: C
In 2023, St Georges Golf & Country Club Inc reported a deficit of $2.1M with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 105.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), St Georges Golf & Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.8% | +38.1% | -23.7% |
| 2022 | +24.8% | +27.5% | +31.7% |
| 2021 | +26.0% | +14.8% | +36.2% |
| 2020 | -3.1% | -1.8% | +11.5% |
| 2019 | +5.2% | -4.7% | +8.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
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 St Georges Golf & Country Club Inc with a Mission Score of 60 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, St Georges Golf & 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 $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 105.6%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers received reportable compensation from the organization, which is a positive sign for minimizing administrative costs.
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 St Georges Golf & Country Club Inc's IRS 990 filings:
- Significant deficit in the latest fiscal year (2023 expenses exceeded revenue by over $2 million).
- Liabilities exceeded assets in 2023, indicating a negative net asset position.
- Fluctuating financial performance with a notable drop in financial health from 2022 to 2023.
Strengths
The following positive indicators were identified for St Georges Golf & Country Club Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds in this area.
- Long history of IRS 990 filings, demonstrating compliance and basic transparency.
- Significant revenue generation, with latest reported revenue at $8,221,880.
Frequently Asked Questions about St Georges Golf & Country Club Inc
Is St Georges Golf & Country Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, St Georges Golf & Country Club Inc (EIN: 111279195) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does St Georges Golf & Country Club Inc spend its money?
St Georges Golf & Country Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to St Georges Golf & Country Club Inc tax-deductible?
St Georges Golf & Country Club Inc is registered as a tax-exempt nonprofit (EIN: 111279195). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of St Georges Golf & Country Club Inc's spending goes to programs?
St Georges Golf & Country Club Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is St Georges Golf & Country Club Inc located?
St Georges Golf & Country Club Inc is headquartered in Setauket, New York and files with the IRS under EIN 111279195.
How many years of IRS 990 filings does St Georges Golf & Country Club Inc have?
St Georges Golf & Country 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 $8.2M in total revenue.
What caused the significant increase in expenses and the resulting deficit in 2023?
The provided data shows expenses jumped from $6,631,076 in 2022 to $9,156,543 in 2023, while revenue only slightly decreased. Without a detailed breakdown of expenses, it's unclear if this was due to capital improvements, operational cost increases, or other factors.
How does the organization manage its liabilities, which exceeded assets in 2023?
In 2023, liabilities were $4,421,241, surpassing assets of $4,188,723. This indicates a negative net asset position, which could be a concern for long-term financial stability if not addressed.
What are the primary revenue sources for St Georges Golf & Country Club Inc?
The data only provides total revenue figures. For a golf and country club, typical revenue sources would include membership dues, event fees, food and beverage sales, and pro shop sales, but specific breakdowns are not available here.
What is the organization's strategy for addressing the recent financial deficit?
The provided IRS 990 summary data does not include strategic plans or explanations for financial performance. Further inquiry into the organization's management would be necessary to understand their plans.
Filing History
IRS 990 filing history for St Georges Golf & Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), St Georges Golf & Country Club Inc's revenue has grown by 80.7%, moving from $3.9M to $7.1M. Total assets increased by 45.1% over the same period, from $2.9M to $4.2M. Total functional expenses rose by 128.4%, from $4.0M to $9.2M. In its most recent filing year (2023), St Georges Golf & Country Club Inc reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $4.2M in assets (debt-to-asset ratio: 105.6%), resulting in net assets of $-232,518.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.1M | $9.2M | $4.2M | $4.4M | — | — |
| 2022 | $7.2M | $6.6M | $5.5M | $3.6M | — | — |
| 2021 | $5.8M | $5.2M | $4.2M | $2.9M | — | View 990 |
| 2020 | $4.6M | $4.5M | $3.1M | $2.4M | — | — |
| 2019 | $4.7M | $4.6M | $2.7M | $2.1M | — | View 990 |
| 2018 | $4.5M | $4.8M | $2.5M | $2.0M | — | View 990 |
| 2017 | $4.9M | $4.6M | $3.0M | $2.1M | — | View 990 |
| 2016 | $4.4M | $4.6M | $2.7M | $2.1M | — | View 990 |
| 2015 | $4.1M | $4.3M | $2.9M | $2.1M | — | View 990 |
| 2014 | $4.0M | $4.2M | $2.8M | $1.7M | — | View 990 |
| 2013 | $4.3M | $4.1M | $3.0M | $1.8M | — | View 990 |
| 2012 | $4.0M | $3.9M | $2.9M | $2.0M | — | View 990 |
| 2011 | $3.9M | $4.0M | $2.9M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.1M, expenses of $9.2M, and assets of $4.2M (revenue -1.8% year-over-year).
- 2022: Revenue of $7.2M, expenses of $6.6M, and assets of $5.5M (revenue +24.8% year-over-year).
- 2021: Revenue of $5.8M, expenses of $5.2M, and assets of $4.2M (revenue +26.0% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.5M, and assets of $3.1M (revenue -3.1% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.6M, and assets of $2.7M (revenue +5.2% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.8M, and assets of $2.5M (revenue -8.5% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.6M, and assets of $3.0M (revenue +12.4% year-over-year).
- 2016: Revenue of $4.4M, expenses of $4.6M, and assets of $2.7M (revenue +7.3% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.3M, and assets of $2.9M (revenue +1.4% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.2M, and assets of $2.8M (revenue -6.8% year-over-year).
- 2013: Revenue of $4.3M, expenses of $4.1M, and assets of $3.0M (revenue +8.1% year-over-year).
- 2012: Revenue of $4.0M, expenses of $3.9M, and assets of $2.9M (revenue +1.8% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.0M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for St Georges Golf & Country Club Inc:
Data Sources and Methodology
This transparency report for St Georges Golf & 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.