Stony Brook Yacht Club Inc

Stony Brook Yacht Club Inc. maintains operational balance with growing assets and liabilities, reporting zero officer compensation.

EIN: 111374565 · Stony Brook, NY · NTEE: N67Z · Updated: 2026-03-28

$2.4MRevenue

$3.3MAssets

70/100Mission Score (Good)

N67Z

About Stony Brook Yacht Club Inc

Stony Brook Yacht Club Inc (EIN: 111374565) is a nonprofit organization based in Stony Brook, NY, classified under NTEE code N67Z. The organization reported total revenue of $2.4M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Stony Brook Yacht Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Stony Brook Yacht Club Inc. demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, the organization reported revenues of $2,022,877 against expenses of $2,020,704, indicating a near break-even operation. While the organization's assets have grown significantly from $1,345,011 in 2015 to $3,382,718 in 2023, its liabilities have also increased substantially, from $296,976 in 2015 to $2,075,536 in 2023. This growth in liabilities, particularly the jump from $540,999 in 2021 to over $2 million in subsequent years, warrants closer examination to understand the nature of these obligations.

The organization's financial health appears stable in terms of operational balance, but the increasing debt load relative to assets suggests a reliance on financing. The consistent reporting of 0% officer compensation across all available filings indicates a volunteer-led executive structure, which is a positive sign for resource allocation. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, it is challenging to fully assess spending efficiency and program focus. The NTEE code N67Z (Yacht Clubs, Sailing Clubs, Boating Clubs) suggests a recreational focus, and the financial data reflects an organization maintaining its operations rather than accumulating significant surpluses for future expansion or extensive programming beyond its core activities.

Transparency is moderate. The consistent filing of IRS Form 990s is good, and the zero officer compensation is a clear positive. However, the lack of detailed expense categorization in the provided data limits a deeper analysis of how funds are allocated across different functions. A more granular view of expenses would enhance understanding of its operational efficiency and how effectively it is serving its stated purpose.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Stony Brook Yacht Club Inc with a Mission Score of 70 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, Stony Brook Yacht 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is a strong 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 Stony Brook Yacht Club Inc's IRS 990 filings:

Significant increase in liabilities from $540,999 in 2021 to $2,075,536 in 2023, which could indicate substantial debt or capital projects.
Lack of detailed expense categorization in the provided data limits full assessment of spending efficiency.

Strengths

The following positive indicators were identified for Stony Brook Yacht Club Inc:

Consistent operational balance, with revenues generally covering expenses.
Zero officer compensation reported across all filings, indicating a volunteer-led organization.
Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Steady growth in assets over the past decade, from $1,345,011 in 2015 to $3,382,718 in 2023.

Frequently Asked Questions about Stony Brook Yacht Club Inc

Is Stony Brook Yacht Club Inc. financially stable?

Yes, the organization appears operationally stable, with revenues generally covering expenses. However, the significant increase in liabilities from $540,999 in 2021 to $2,075,536 in 2023 warrants further investigation into the nature of these debts.

How does Stony Brook Yacht Club Inc. manage its executive compensation?

The organization reports 0% officer compensation in all available filings, indicating a volunteer-led executive structure.

What is the trend in the organization's assets and liabilities?

Assets have grown from $1,345,011 in 2015 to $3,382,718 in 2023. Liabilities have also increased substantially, from $296,976 in 2015 to $2,075,536 in 2023, with a notable jump after 2021.

Is the organization efficient in its spending?

Without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. However, the near break-even operations suggest funds are being utilized for ongoing activities.

Filing History

IRS 990 filing history for Stony Brook Yacht Club Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Stony Brook Yacht Club Inc's revenue has grown by 93.5%, moving from $1.0M to $2.0M. Total assets increased by 131.2% over the same period, from $1.5M to $3.4M. Total functional expenses rose by 101.5%, from $1.0M to $2.0M. In its most recent filing year (2023), Stony Brook Yacht Club Inc reported a surplus of $2K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $3.4M in assets (debt-to-asset ratio: 61.4%), resulting in net assets of $1.3M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.0M	$2.0M	$3.4M	$2.1M	—	—
2022	$1.9M	$2.0M	$3.3M	$2.0M	—	View 990
2021	$2.1M	$1.8M	$1.9M	$541K	—	View 990
2020	$1.6M	$1.6M	$1.6M	$580K	—	—
2019	$1.9M	$1.9M	$1.5M	$520K	—	—
2018	$1.9M	$1.9M	$1.5M	$442K	—	View 990
2017	$1.7M	$1.6M	$1.5M	$442K	—	View 990
2016	$1.5M	$1.6M	$1.4M	$405K	—	—
2015	$1.0M	$1.2M	$1.3M	$297K	—	View 990
2014	$978K	$1.2M	$1.6M	$329K	—	View 990
2013	$1.3M	$1.2M	$1.8M	$328K	—	View 990
2012	$1.3M	$1.1M	$1.7M	$394K	—	View 990
2011	$1.1M	$987K	$1.5M	$398K	—	View 990
2010	$1.0M	$1.0M	$1.5M	$440K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.0M, expenses of $2.0M, and assets of $3.4M (revenue +5.3% year-over-year).
2022: Revenue of $1.9M, expenses of $2.0M, and assets of $3.3M (revenue -10.4% year-over-year).
2021: Revenue of $2.1M, expenses of $1.8M, and assets of $1.9M (revenue +30.2% year-over-year).
2020: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -11.6% year-over-year).
2019: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M (revenue -2.5% year-over-year).
2018: Revenue of $1.9M, expenses of $1.9M, and assets of $1.5M (revenue +14.4% year-over-year).
2017: Revenue of $1.7M, expenses of $1.6M, and assets of $1.5M (revenue +10.2% year-over-year).
2016: Revenue of $1.5M, expenses of $1.6M, and assets of $1.4M (revenue +50.4% year-over-year).
2015: Revenue of $1.0M, expenses of $1.2M, and assets of $1.3M (revenue +3.0% year-over-year).
2014: Revenue of $978K, expenses of $1.2M, and assets of $1.6M (revenue -23.9% year-over-year).
2013: Revenue of $1.3M, expenses of $1.2M, and assets of $1.8M (revenue -4.1% year-over-year).
2012: Revenue of $1.3M, expenses of $1.1M, and assets of $1.7M (revenue +23.2% year-over-year).
2011: Revenue of $1.1M, expenses of $987K, and assets of $1.5M (revenue +4.1% year-over-year).
2010: Revenue of $1.0M, expenses of $1.0M, and assets of $1.5M.

Data Sources and Methodology

This transparency report for Stony Brook 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.