Towers Country Club Inc
Towers Country Club Inc. shows consistent revenue and asset growth, with a recent deficit in 202402 and no reported officer compensation.
EIN: 132854903 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $3.7M |
| Program Spending | 70% |
| Net Assets | $5.3M |
| Transparency Score | 65/100 |
Is Towers Country Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Towers Country Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Towers Country Club Inc
Towers Country Club Inc (EIN: 132854903) is a nonprofit organization based in New York, NY. The organization reported total revenue of $4.7M and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Towers Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Towers Country Club Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $3.7M |
| Surplus / Deficit | $-326,139 |
| Total Assets | $5.4M |
| Total Liabilities | $126K |
| Net Assets | $5.3M |
| Operating Margin | -9.6% |
| Debt-to-Asset Ratio | 2.3% |
| Months of Reserves | 17.4 months |
Financial Health Grade: B
In 2024, Towers Country Club Inc reported a deficit of $326K with expenses exceeding revenue, holds 17.4 months of operating reserves (strong position), has a debt-to-asset ratio of 2.3% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Towers Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -19.7% | +6.9% | -5.3% |
| 2023 | +12.0% | +6.3% | +15.1% |
| 2022 | +39.8% | +16.4% | +12.4% |
| 2021 | -26.7% | -22.1% | -3.5% |
| 2020 | +7.4% | +3.9% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Towers Country Club Inc with a Mission Score of 65 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, Towers Country Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $326K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is unusual for an organization with revenues consistently in the millions. This suggests that key leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation on the 990.
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 Towers Country Club Inc's IRS 990 filings:
- Unknown NTEE code, hindering classification and comparison.
- Recent deficit in 202402, with expenses exceeding revenue by over $300,000.
- Consistent 0% officer compensation, which may indicate a lack of transparency regarding executive remuneration or an unusual operational model for an organization of this size.
Strengths
The following positive indicators were identified for Towers Country Club Inc:
- Consistent revenue generation, generally exceeding expenses over the past decade.
- Steady growth in assets, from $3.6 million in 201502 to $5.3 million in 202402.
- Relatively low liabilities compared to assets, indicating a healthy balance sheet.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency.
Frequently Asked Questions about Towers Country Club Inc
Is Towers Country Club Inc a legitimate charity?
Towers Country Club Inc (EIN: 132854903) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Towers Country Club Inc spend its money?
Towers Country Club Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Towers Country Club Inc tax-deductible?
Towers Country Club Inc is registered as a tax-exempt nonprofit (EIN: 132854903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Towers Country Club Inc's spending goes to programs?
Towers Country Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Towers Country Club Inc located?
Towers Country Club Inc is headquartered in New York, New York and files with the IRS under EIN 132854903.
How many years of IRS 990 filings does Towers Country Club Inc have?
Towers Country Club Inc 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 $4.7M in total revenue.
What is the specific NTEE code for Towers Country Club Inc.?
The NTEE code for Towers Country Club Inc. is currently unknown based on the provided data, which limits understanding of its specific charitable classification.
Why did expenses exceed revenue in the 202402 period?
In the 202402 period, expenses ($3,723,034) exceeded revenue ($3,396,895) by $326,139. The specific reasons for this deficit are not detailed in the provided summary but warrant further investigation into the organization's operational costs or revenue fluctuations for that year.
How are the officers compensated if 0% is reported?
The consistent reporting of 0% officer compensation suggests that officers may be volunteers, or their compensation is structured in a way that is not reported under 'Officer Comp' on the 990, such as through a related entity or as general employee salaries.
Filing History
IRS 990 filing history for Towers Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Towers Country Club Inc's revenue has grown by 12.6%, moving from $3.0M to $3.4M. Total assets increased by 95.7% over the same period, from $2.8M to $5.4M. Total functional expenses rose by 27%, from $2.9M to $3.7M. In its most recent filing year (2024), Towers Country Club Inc reported a deficit of $326K, with expenses exceeding revenue. The organization holds $126K in liabilities against $5.4M in assets (debt-to-asset ratio: 2.3%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.4M | $3.7M | $5.4M | $126K | — | View 990 |
| 2023 | $4.2M | $3.5M | $5.7M | $99K | — | View 990 |
| 2022 | $3.8M | $3.3M | $4.9M | $100K | — | View 990 |
| 2021 | $2.7M | $2.8M | $4.4M | $57K | — | View 990 |
| 2020 | $3.7M | $3.6M | $4.6M | $102K | — | View 990 |
| 2019 | $3.4M | $3.5M | $4.5M | $79K | — | View 990 |
| 2018 | $3.5M | $3.3M | $4.5M | $60K | — | View 990 |
| 2017 | $3.4M | $3.1M | $4.4M | $212K | — | View 990 |
| 2016 | $3.3M | $3.1M | $3.9M | $54K | — | View 990 |
| 2015 | $3.3M | $3.0M | $3.6M | $55K | — | View 990 |
| 2014 | $3.1M | $2.8M | $3.3M | $56K | — | View 990 |
| 2013 | $3.2M | $2.9M | $3.1M | $63K | — | View 990 |
| 2012 | $3.0M | $2.9M | $2.8M | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.4M, expenses of $3.7M, and assets of $5.4M (revenue -19.7% year-over-year).
- 2023: Revenue of $4.2M, expenses of $3.5M, and assets of $5.7M (revenue +12.0% year-over-year).
- 2022: Revenue of $3.8M, expenses of $3.3M, and assets of $4.9M (revenue +39.8% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.8M, and assets of $4.4M (revenue -26.7% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.6M, and assets of $4.6M (revenue +7.4% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.5M, and assets of $4.5M (revenue -2.6% year-over-year).
- 2018: Revenue of $3.5M, expenses of $3.3M, and assets of $4.5M (revenue +2.4% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.1M, and assets of $4.4M (revenue +2.7% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.1M, and assets of $3.9M (revenue +0.7% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.0M, and assets of $3.6M (revenue +7.2% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.8M, and assets of $3.3M (revenue -2.2% year-over-year).
- 2013: Revenue of $3.2M, expenses of $2.9M, and assets of $3.1M (revenue +5.1% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.9M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Towers Country Club Inc:
Data Sources and Methodology
This transparency report for Towers Country 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.