Taylor Pond Yacht Club
Taylor Pond Yacht Club consistently operates with a surplus and zero officer compensation, growing assets steadily.
EIN: 16024405 · Auburn, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $66K |
| Program Spending | 90% |
| Net Assets | $142K |
| Transparency Score | 95/100 |
Is Taylor Pond Yacht Club Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Taylor Pond Yacht Club directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Taylor Pond Yacht Club
Taylor Pond Yacht Club (EIN: 16024405) is a nonprofit organization based in Auburn, ME. The organization reported total revenue of $70K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Taylor Pond Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Taylor Pond Yacht Club is a micro nonprofit that has been operating for 49 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $77K |
| Total Expenses | $66K |
| Surplus / Deficit | +$11K |
| Total Assets | $142K |
| Net Assets | $142K |
| Operating Margin | 14.0% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, Taylor Pond Yacht Club reported a surplus of $11K with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), Taylor Pond Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.2% | -1.4% | +8.2% |
| 2022 | +23.2% | +25.9% | +20.8% |
| 2021 | +16.4% | +30.9% | +10858600.0% |
| 2020 | +32.7% | -12.6% | -100.0% |
| 2017 | -0.3% | +19.6% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Taylor Pond Yacht Club with a Mission Score of 95 out of 100 (Excellent). 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, Taylor Pond 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $11K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization where no officers receive salaries, which is highly commendable for a nonprofit of its size.
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.
Strengths
The following positive indicators were identified for Taylor Pond Yacht Club:
- Consistent financial surplus, with revenue exceeding expenses in most years (e.g., $76,751 revenue vs. $65,971 expenses in 2023).
- Zero reported officer compensation across all filings, indicating a volunteer-led and highly efficient operation.
- Steady growth in assets over the past decade, from $79,024 in 2012 to $141,916 in 2023.
- Elimination of liabilities in recent years, reporting $0 liabilities from 2020 to 2023.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Frequently Asked Questions about Taylor Pond Yacht Club
Is Taylor Pond Yacht Club a legitimate charity?
Taylor Pond Yacht Club (EIN: 16024405) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 11 years of IRS 990 filings on record. Total revenue: $70K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Taylor Pond Yacht Club spend its money?
Taylor Pond Yacht Club directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Taylor Pond Yacht Club tax-deductible?
Taylor Pond Yacht Club is registered as a tax-exempt nonprofit (EIN: 16024405). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Taylor Pond Yacht Club located?
Taylor Pond Yacht Club is headquartered in Auburn, Maine and files with the IRS under EIN 16024405.
How many years of IRS 990 filings does Taylor Pond Yacht Club have?
Taylor Pond Yacht Club has 11 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 $70K in total revenue.
Is Taylor Pond Yacht Club a good charity?
Based on its financial data, Taylor Pond Yacht Club appears to be a very well-managed organization. It consistently operates with a surplus, has growing assets, and reports zero officer compensation, indicating high efficiency and a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has improved significantly. Revenue has grown from $39,773 in 2012 to $76,751 in 2023, and assets have increased from $79,024 to $141,916 over the same period, while liabilities have been reduced to zero in recent years.
What is the organization's approach to executive compensation?
Taylor Pond Yacht Club has a highly efficient approach to executive compensation, reporting 0% officer compensation in all available filings. This suggests a volunteer-driven leadership, ensuring all funds are directed towards the organization's activities.
Filing History
IRS 990 filing history for Taylor Pond Yacht Club showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), Taylor Pond Yacht Club's revenue has grown by 103%, moving from $38K to $77K. Total assets increased by 80.7% over the same period, from $79K to $142K. Total functional expenses rose by 66.1%, from $40K to $66K. In its most recent filing year (2023), Taylor Pond Yacht Club reported a surplus of $11K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $77K | $66K | $142K | $0 | — | — |
| 2022 | $89K | $67K | $131K | $0 | — | View 990 |
| 2021 | $73K | $53K | $109K | $0 | — | View 990 |
| 2020 | $62K | $41K | $1 | $0 | — | View 990 |
| 2017 | $47K | $46K | $78K | $8K | — | — |
| 2016 | $47K | $39K | $79K | $10K | — | View 990 |
| 2015 | $39K | $38K | $77K | $16K | — | View 990 |
| 2014 | $42K | $35K | $83K | $23K | — | View 990 |
| 2013 | $38K | $33K | $78K | $25K | — | View 990 |
| 2012 | $40K | $37K | $79K | $27K | — | View 990 |
| 2011 | $38K | $40K | $79K | $29K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $77K, expenses of $66K, and assets of $142K (revenue -14.2% year-over-year).
- 2022: Revenue of $89K, expenses of $67K, and assets of $131K (revenue +23.2% year-over-year).
- 2021: Revenue of $73K, expenses of $53K, and assets of $109K (revenue +16.4% year-over-year).
- 2020: Revenue of $62K, expenses of $41K, and assets of $1 (revenue +32.7% year-over-year).
- 2017: Revenue of $47K, expenses of $46K, and assets of $78K (revenue -0.3% year-over-year).
- 2016: Revenue of $47K, expenses of $39K, and assets of $79K (revenue +22.0% year-over-year).
- 2015: Revenue of $39K, expenses of $38K, and assets of $77K (revenue -8.3% year-over-year).
- 2014: Revenue of $42K, expenses of $35K, and assets of $83K (revenue +10.0% year-over-year).
- 2013: Revenue of $38K, expenses of $33K, and assets of $78K (revenue -3.7% year-over-year).
- 2012: Revenue of $40K, expenses of $37K, and assets of $79K (revenue +5.2% year-over-year).
- 2011: Revenue of $38K, expenses of $40K, and assets of $79K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Taylor Pond Yacht Club:
Data Sources and Methodology
This transparency report for Taylor Pond 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.