Toms River Yacht Club
Toms River Yacht Club maintains stable finances with growing assets and no reported officer compensation.
EIN: 210625526 · Toms River, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.2M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.7M |
| Transparency Score | 75/100 |
Is Toms River Yacht Club Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Toms River Yacht Club directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Toms River Yacht Club
Toms River Yacht Club (EIN: 210625526) is a nonprofit organization based in Toms River, NJ. The organization reported total revenue of $1.5M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Toms River Yacht Club's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Toms River Yacht Club is a mid-size nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-39,808 |
| Total Assets | $3.2M |
| Total Liabilities | $477K |
| Net Assets | $2.7M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 15.0% |
| Months of Reserves | 30.6 months |
Financial Health Grade: B
In 2023, Toms River Yacht Club reported a deficit of $40K with expenses exceeding revenue, holds 30.6 months of operating reserves (strong position), has a debt-to-asset ratio of 15.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Toms River Yacht Club's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -1.0% | +5.8% | -0.4% |
| 2022 | +6.0% | +21.1% | -11.6% |
| 2021 | -10.2% | +24.4% | +6.7% |
| 2020 | +24.2% | -15.1% | +15.2% |
| 2019 | +14.4% | +13.8% | +7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1965 |
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 Toms River Yacht Club with a Mission Score of 75 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Toms River Yacht Club allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is a positive sign for a nonprofit of this size with assets exceeding $3 million.
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 Toms River Yacht Club's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- NTEE Code is unknown, hindering peer comparison
Strengths
The following positive indicators were identified for Toms River Yacht Club:
- Consistent growth in assets over the past decade, from $1,976,411 in 2014 to $3,190,299 in 2023.
- No reported officer compensation across all filings, indicating volunteer leadership.
- Generally positive net income (revenue exceeding expenses) in most years, demonstrating financial sustainability.
Frequently Asked Questions about Toms River Yacht Club
Is Toms River Yacht Club a legitimate charity?
Toms River Yacht Club (EIN: 210625526) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Toms River Yacht Club spend its money?
Toms River Yacht Club directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Toms River Yacht Club tax-deductible?
Toms River Yacht Club is registered as a tax-exempt nonprofit (EIN: 210625526). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Toms River Yacht Club CEO make?
Toms River Yacht Club's highest-compensated officer earns $3 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Toms River Yacht Club's spending goes to programs?
Toms River Yacht Club directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Toms River Yacht Club located?
Toms River Yacht Club is headquartered in Toms River, New Jersey and files with the IRS under EIN 210625526.
How many years of IRS 990 filings does Toms River Yacht Club have?
Toms River Yacht 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 $1.5M in total revenue.
Is Toms River Yacht Club a good charity?
Based on the available financial data, the Toms River Yacht Club appears to be a financially stable organization with growing assets and no reported officer compensation. However, without detailed expense breakdowns (program vs. administrative vs. fundraising) and a clear NTEE code, a full assessment of its charitable impact and efficiency is limited.
What is the trend in the organization's net assets?
The organization's net assets have shown a positive trend, increasing from $1,976,411 in 2014 to $3,190,299 in 2023, indicating financial growth and stability.
How does the organization's revenue compare to its expenses?
For most years, the organization's revenue has exceeded its expenses, contributing to asset growth. For example, in 2022, revenue was $1,222,514 against expenses of $1,181,242. However, in 2023, expenses slightly exceeded revenue ($1,249,500 vs. $1,209,692).
Filing History
IRS 990 filing history for Toms River Yacht Club showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Toms River Yacht Club's revenue has grown by 77.7%, moving from $681K to $1.2M. Total assets increased by 93.2% over the same period, from $1.7M to $3.2M. Total functional expenses rose by 87.2%, from $668K to $1.2M. In its most recent filing year (2023), Toms River Yacht Club reported a deficit of $40K, with expenses exceeding revenue. The organization holds $477K in liabilities against $3.2M in assets (debt-to-asset ratio: 15.0%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $3.2M | $477K | — | — |
| 2022 | $1.2M | $1.2M | $3.2M | $517K | — | View 990 |
| 2021 | $1.2M | $976K | $3.6M | $849K | — | View 990 |
| 2020 | $1.3M | $785K | $3.4M | $850K | — | — |
| 2019 | $1.0M | $924K | $2.9M | $964K | — | View 990 |
| 2018 | $904K | $812K | $2.7M | $954K | — | View 990 |
| 2017 | $802K | $782K | $2.8M | $1.0M | — | View 990 |
| 2016 | $691K | $662K | $2.0M | $382K | — | View 990 |
| 2015 | $703K | $659K | $2.0M | $381K | — | View 990 |
| 2014 | $639K | $608K | $2.0M | $411K | — | View 990 |
| 2013 | $618K | $545K | $2.0M | $405K | — | View 990 |
| 2012 | $567K | $537K | $1.7M | $305K | — | View 990 |
| 2011 | $681K | $668K | $1.7M | $301K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $3.2M (revenue -1.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $3.2M (revenue +6.0% year-over-year).
- 2021: Revenue of $1.2M, expenses of $976K, and assets of $3.6M (revenue -10.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $785K, and assets of $3.4M (revenue +24.2% year-over-year).
- 2019: Revenue of $1.0M, expenses of $924K, and assets of $2.9M (revenue +14.4% year-over-year).
- 2018: Revenue of $904K, expenses of $812K, and assets of $2.7M (revenue +12.8% year-over-year).
- 2017: Revenue of $802K, expenses of $782K, and assets of $2.8M (revenue +16.0% year-over-year).
- 2016: Revenue of $691K, expenses of $662K, and assets of $2.0M (revenue -1.7% year-over-year).
- 2015: Revenue of $703K, expenses of $659K, and assets of $2.0M (revenue +9.9% year-over-year).
- 2014: Revenue of $639K, expenses of $608K, and assets of $2.0M (revenue +3.5% year-over-year).
- 2013: Revenue of $618K, expenses of $545K, and assets of $2.0M (revenue +8.9% year-over-year).
- 2012: Revenue of $567K, expenses of $537K, and assets of $1.7M (revenue -16.7% year-over-year).
- 2011: Revenue of $681K, expenses of $668K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Toms River Yacht Club:
Data Sources and Methodology
This transparency report for Toms River 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.