Summit North Yacht Club
Summit North Yacht Club experiences significant revenue decline over eight years, maintaining small, debt-free operations.
EIN: 200975006 · Kirkwood, DE · NTEE: N67 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5K |
| Total Expenses | $4K |
| Program Spending | 90% |
| Net Assets | $3K |
| Transparency Score | 70/100 |
Is Summit North Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Summit North Yacht Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Summit North Yacht Club
Summit North Yacht Club (EIN: 200975006) is a nonprofit organization based in Kirkwood, DE, classified under NTEE code N67. The organization reported total revenue of $5K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Summit North Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Summit North Yacht Club is a micro nonprofit that has been operating for 21 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of -16.1%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $4K |
| Surplus / Deficit | +$1K |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | 22.9% |
| Months of Reserves | 8.1 months |
Financial Health Grade: A
In 2018, Summit North Yacht Club reported a surplus of $1K with revenue exceeding expenses, holds 8.1 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2011–2018), Summit North Yacht Club's revenue has declined at a compound annual growth rate (CAGR) of -16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +17.7% | -7.3% | +78.9% |
| 2017 | -20.6% | -40.4% | +6.6% |
| 2016 | -49.4% | -23.0% | -54.6% |
| 2015 | -5.3% | -18.4% | +84.7% |
| 2014 | -19.0% | -15.0% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Summit North Yacht Club 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Summit North Yacht Club allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all filings, indicating that the organization's leadership is entirely volunteer-based. This is highly efficient for an organization of its small size, ensuring all funds are directed towards operations rather than salaries.
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 Summit North Yacht Club's IRS 990 filings:
- Significant and continuous decline in annual revenue over eight years (from $17,629 in 2011 to $5,155 in 2018)
- Small and shrinking asset base ($2,298 in 2011 to $2,671 in 2018, with fluctuations, but overall low relative to past revenue)
Strengths
The following positive indicators were identified for Summit North Yacht Club:
- Consistently reports zero liabilities, indicating no debt
- 100% volunteer-based leadership with 0% officer compensation, demonstrating high efficiency
- Operated with a surplus in the latest reporting period ($5,155 revenue vs. $3,977 expenses)
- Clear focus on program spending due to minimal administrative overhead
Frequently Asked Questions about Summit North Yacht Club
Is Summit North Yacht Club a legitimate charity?
Summit North Yacht Club (EIN: 200975006) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 8 years of IRS 990 filings on record. Total revenue: $5K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Summit North Yacht Club spend its money?
Summit North Yacht Club directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Summit North Yacht Club tax-deductible?
Summit North Yacht Club is registered as a tax-exempt nonprofit (EIN: 200975006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Summit North Yacht Club compare to similar nonprofits?
With a transparency score of 70/100 (Good), Summit North Yacht Club is above average for NTEE category N67 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Summit North Yacht Club located?
Summit North Yacht Club is headquartered in Kirkwood, Delaware and files with the IRS under EIN 200975006. It is classified under NTEE code N67.
How many years of IRS 990 filings does Summit North Yacht Club have?
Summit North Yacht Club has 8 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 $5K in total revenue.
Is Summit North Yacht Club financially stable given its declining revenue?
While the organization has consistently reported zero liabilities and managed to operate with a small surplus in its latest filing ($5,155 revenue vs. $3,977 expenses), the significant and continuous decline in revenue from $17,629 in 2011 to $5,155 in 2018 raises concerns about its long-term financial viability and ability to sustain operations at its historical levels.
What is the primary reason for the substantial drop in revenue?
The provided data does not specify the exact reasons for the revenue decline. It could be due to decreasing membership, reduced fundraising activities, or a shift in the club's operational model. Further investigation into the club's activities and membership trends would be needed to determine the cause.
How does the lack of officer compensation impact the organization?
The absence of officer compensation means that the organization's leadership is volunteer-driven. This significantly reduces administrative overhead, allowing a greater proportion of its limited funds to be allocated to its programs and operational expenses. It also suggests a strong commitment from its leadership.
Filing History
IRS 990 filing history for Summit North Yacht Club showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Summit North Yacht Club's revenue has declined by 70.8%, moving from $18K to $5K. Total assets increased by 16.2% over the same period, from $2K to $3K. Total functional expenses fell by 78.3%, from $18K to $4K. In its most recent filing year (2018), Summit North Yacht Club reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $5K | $4K | $3K | $0 | — | View 990 |
| 2017 | $4K | $4K | $1K | $0 | — | View 990 |
| 2016 | $6K | $7K | $1K | $0 | — | View 990 |
| 2015 | $11K | $9K | $3K | $0 | — | View 990 |
| 2014 | $12K | $11K | $2K | $0 | — | View 990 |
| 2013 | $14K | $13K | $2K | $0 | — | View 990 |
| 2012 | $16K | $18K | $916 | $0 | — | View 990 |
| 2011 | $18K | $18K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $5K, expenses of $4K, and assets of $3K (revenue +17.7% year-over-year).
- 2017: Revenue of $4K, expenses of $4K, and assets of $1K (revenue -20.6% year-over-year).
- 2016: Revenue of $6K, expenses of $7K, and assets of $1K (revenue -49.4% year-over-year).
- 2015: Revenue of $11K, expenses of $9K, and assets of $3K (revenue -5.3% year-over-year).
- 2014: Revenue of $12K, expenses of $11K, and assets of $2K (revenue -19.0% year-over-year).
- 2013: Revenue of $14K, expenses of $13K, and assets of $2K (revenue -12.7% year-over-year).
- 2012: Revenue of $16K, expenses of $18K, and assets of $916 (revenue -7.7% year-over-year).
- 2011: Revenue of $18K, expenses of $18K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Summit North Yacht Club:
Data Sources and Methodology
This transparency report for Summit North Yacht 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.