The Ridgewood Country Club
The Ridgewood Country Club: Financial Stability Amidst Questionable Nonprofit Status
EIN: 221232320 · Paramus, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $20.8M |
| Total Expenses | $17.1M |
| Net Assets | $22.8M |
| Transparency Score | 20/100 |
Is The Ridgewood 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 The Ridgewood Country Club
The Ridgewood Country Club (EIN: 221232320) is a nonprofit organization based in Paramus, NJ. The organization reported total revenue of $20.8M and total assets of $32.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Ridgewood Country Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Ridgewood Country Club is a large nonprofit that has been operating for 92 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.0M |
| Total Expenses | $17.1M |
| Surplus / Deficit | +$964K |
| Total Assets | $32.0M |
| Total Liabilities | $9.1M |
| Net Assets | $22.8M |
| Operating Margin | 5.3% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 22.5 months |
Financial Health Grade: A
In 2023, The Ridgewood Country Club reported a surplus of $964K with revenue exceeding expenses, holds 22.5 months of operating reserves (strong position), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Ridgewood Country Club's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | -5.8% | +0.2% |
| 2022 | +1.4% | +19.4% | +2.0% |
| 2021 | +41.2% | +40.3% | +7.6% |
| 2020 | -9.0% | -10.2% | +40.9% |
| 2019 | -11.2% | -7.9% | +25.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1934 |
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 The Ridgewood Country Club with a Mission Score of 20 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, The Ridgewood Country Club allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $964K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the nature of a country club, it would likely be substantial and not aligned with typical nonprofit executive pay structures.
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 The Ridgewood Country Club's IRS 990 filings:
- The Ridgewood Country Club, despite its nonprofit status, appears to function as a private club with no discernible public benefit or charitable activities.
- Consistent reporting of 0% contributions and no program service expenses strongly suggests a misclassification or misuse of nonprofit designation.
- The organization's significant assets ($32,165,436 in 2023) and revenue ($20,828,258 in 2023) are generated without any apparent charitable purpose.
- The 'nt' (nonprofit type) is missing, which is crucial for understanding its intended purpose and compliance.
- The financial data consistently shows 'c0%', indicating no charitable contributions, which is highly unusual for a legitimate nonprofit.
Strengths
The following positive indicators were identified for The Ridgewood Country Club:
- The organization demonstrates strong financial stability with consistent revenue generation and asset growth over the years.
- Assets have grown significantly from $14,978,075 in 2017 to $32,165,436 in 2023, indicating robust financial management for its operational model.
Frequently Asked Questions about The Ridgewood Country Club
Is The Ridgewood Country Club a legitimate charity?
Based on AI analysis of IRS 990 filings, The Ridgewood Country Club (EIN: 221232320) significant concerns. Mission Score: 20/100. 5 red flags identified, 2 strengths noted.
How does The Ridgewood Country Club spend its money?
Detailed spending breakdown data is not yet available for The Ridgewood Country Club. Check back for updated IRS 990 analysis.
Are donations to The Ridgewood Country Club tax-deductible?
The Ridgewood Country Club is registered as a tax-exempt nonprofit (EIN: 221232320). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Ridgewood Country Club located?
The Ridgewood Country Club is headquartered in Paramus, New Jersey and files with the IRS under EIN 221232320.
How many years of IRS 990 filings does The Ridgewood Country Club have?
The Ridgewood Country Club 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 $20.8M in total revenue.
What does The Ridgewood Country Club do?
The Ridgewood Country Club is a nonprofit organization in the Unknown sector, located in Paramus, New Jersey. It is classified under NTEE code Unknown.
How much revenue does The Ridgewood Country Club have?
The Ridgewood Country Club reported total revenue of $20,828,258. Based on 13 IRS 990 filings on record.
What are The Ridgewood Country Club's total assets?
The Ridgewood Country Club holds total assets of $32,165,436 as reported in IRS 990 filings.
Where is The Ridgewood Country Club located?
The Ridgewood Country Club is based in Paramus, New Jersey.
What is The Ridgewood Country Club's EIN?
The Ridgewood Country Club's Employer Identification Number (EIN) is 221232320. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Ridgewood Country Club?
The Ridgewood Country Club is classified under NTEE code Unknown (Unknown).
Is The Ridgewood Country Club a registered 501(c)(3)?
The Ridgewood Country Club appears in IRS records (EIN: 221232320). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Ridgewood Country Club file IRS Form 990?
Yes, The Ridgewood Country Club has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Ridgewood Country Club's revenue in 2023?
In the 202312 filing period, The Ridgewood Country Club reported total revenue of $18,035,352, total expenses of $17,071,183, and net assets of $31,956,788.
Is The Ridgewood Country Club's revenue growing or declining?
The Ridgewood Country Club's revenue is relatively stable. Revenue went from $18,214,591 (202212) to $18,035,352 (202312), a -1.0% change. Based on 13 filings on record.
What is The Ridgewood Country Club's most recent 990 filing?
The most recent IRS Form 990 filing for The Ridgewood Country Club covers tax period 202312. It shows revenue of $18,035,352, expenses of $17,071,183, total assets of $31,956,788, and liabilities of $9,144,860.
Is The Ridgewood Country Club a trustworthy charity?
Based on AI analysis of IRS 990 data, The Ridgewood Country Club has notable concerns. Mission Score: 20/100 (Poor). 5 red flags identified. 2 strengths noted.
What are the red flags for The Ridgewood Country Club?
The following concerns were identified: The Ridgewood Country Club, despite its nonprofit status, appears to function as a private club with no discernible public benefit or charitable activities.. Consistent reporting of 0% contributions and no program service expenses strongly suggests a misclassification or misuse of nonprofit designation.. The organization's significant assets ($32,165,436 in 2023) and revenue ($20,828,258 in 2023) are generated without any apparent charitable purpose.. The 'nt' (nonprofit type) is missing, which is crucial for understanding its intended purpose and compliance.. The financial data consistently shows 'c0%', indicating no charitable contributions, which is highly unusual for a legitimate nonprofit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Ridgewood Country Club's strengths?
Positive indicators for The Ridgewood Country Club include: The organization demonstrates strong financial stability with consistent revenue generation and asset growth over the years.. Assets have grown significantly from $14,978,075 in 2017 to $32,165,436 in 2023, indicating robust financial management for its operational model.. These findings are derived from AI analysis of the organization's financial filings.
How does The Ridgewood Country Club compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the nature of a country club, it would likely be substantial and not aligned with typical nonprofit executive pay structures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of 0% contributions and no program service expenses, what is the legal basis for The Ridgewood Country Club's nonprofit status?
The data strongly suggests the club operates as a private social or recreational club, which may qualify for certain tax-exempt statuses (e.g., 501(c)(7)) but not typically as a public charity (501(c)(3)). Its current classification needs clarification to understand its tax obligations and public benefit requirements.
How does The Ridgewood Country Club justify its tax-exempt status without any apparent charitable activities or public benefit programs?
Without details on its specific nonprofit type ('nt'), it's impossible to definitively answer. However, if it's classified as a public charity, its activities as presented in the filings would likely not meet the criteria for maintaining such status, as there are no reported program expenses or public services.
Filing History
IRS 990 filing history for The Ridgewood Country Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Ridgewood Country Club's revenue has grown by 66.4%, moving from $10.8M to $18.0M. Total assets increased by 94.8% over the same period, from $16.4M to $32.0M. Total functional expenses rose by 54.9%, from $11.0M to $17.1M. In its most recent filing year (2023), The Ridgewood Country Club reported a surplus of $964K, with revenue exceeding expenses. The organization holds $9.1M in liabilities against $32.0M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $22.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.0M | $17.1M | $32.0M | $9.1M | — | View 990 |
| 2022 | $18.2M | $18.1M | $31.9M | $10.0M | — | View 990 |
| 2021 | $18.0M | $15.2M | $31.3M | $10.7M | — | View 990 |
| 2020 | $12.7M | $10.8M | $29.1M | $11.9M | — | — |
| 2019 | $14.0M | $12.0M | $20.6M | $4.5M | — | View 990 |
| 2018 | $15.7M | $13.1M | $16.4M | $1.5M | — | View 990 |
| 2017 | $12.9M | $11.5M | $15.0M | $2.2M | — | View 990 |
| 2016 | $13.2M | $11.7M | $14.2M | $2.8M | — | View 990 |
| 2015 | $11.8M | $11.7M | $14.0M | $4.2M | — | View 990 |
| 2014 | $14.3M | $13.9M | $14.4M | $4.9M | — | View 990 |
| 2013 | $11.5M | $11.6M | $14.7M | $5.5M | — | View 990 |
| 2012 | $11.3M | $11.4M | $15.7M | $6.4M | — | View 990 |
| 2011 | $10.8M | $11.0M | $16.4M | $7.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.0M, expenses of $17.1M, and assets of $32.0M (revenue -1.0% year-over-year).
- 2022: Revenue of $18.2M, expenses of $18.1M, and assets of $31.9M (revenue +1.4% year-over-year).
- 2021: Revenue of $18.0M, expenses of $15.2M, and assets of $31.3M (revenue +41.2% year-over-year).
- 2020: Revenue of $12.7M, expenses of $10.8M, and assets of $29.1M (revenue -9.0% year-over-year).
- 2019: Revenue of $14.0M, expenses of $12.0M, and assets of $20.6M (revenue -11.2% year-over-year).
- 2018: Revenue of $15.7M, expenses of $13.1M, and assets of $16.4M (revenue +22.2% year-over-year).
- 2017: Revenue of $12.9M, expenses of $11.5M, and assets of $15.0M (revenue -2.1% year-over-year).
- 2016: Revenue of $13.2M, expenses of $11.7M, and assets of $14.2M (revenue +11.2% year-over-year).
- 2015: Revenue of $11.8M, expenses of $11.7M, and assets of $14.0M (revenue -17.5% year-over-year).
- 2014: Revenue of $14.3M, expenses of $13.9M, and assets of $14.4M (revenue +24.3% year-over-year).
- 2013: Revenue of $11.5M, expenses of $11.6M, and assets of $14.7M (revenue +2.0% year-over-year).
- 2012: Revenue of $11.3M, expenses of $11.4M, and assets of $15.7M (revenue +4.4% year-over-year).
- 2011: Revenue of $10.8M, expenses of $11.0M, and assets of $16.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Ridgewood Country Club:
Data Sources and Methodology
This transparency report for The Ridgewood 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.