Triangle Club Inc
Triangle Club Inc: Consistent Revenue, High Liabilities, and Unclear Program Spending
EIN: 222533853 · Dover, NH · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $465K |
| Total Expenses | $252K |
| Net Assets | $826K |
| Transparency Score | 65/100 |
Is Triangle Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Triangle Club Inc
Triangle Club Inc (EIN: 222533853) is a nonprofit organization based in Dover, NH. The organization reported total revenue of $465K and total assets of $970K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Triangle Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Triangle Club Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2009–2023). Revenue has grown at a compound annual rate of 17.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $208K |
| Total Expenses | $252K |
| Surplus / Deficit | $-43,600 |
| Total Assets | $858K |
| Total Liabilities | $32K |
| Net Assets | $826K |
| Operating Margin | -21.0% |
| Debt-to-Asset Ratio | 3.8% |
| Months of Reserves | 40.9 months |
Financial Health Grade: B
In 2023, Triangle Club Inc reported a deficit of $44K with expenses exceeding revenue, holds 40.9 months of operating reserves (strong position), has a debt-to-asset ratio of 3.8% (very low leverage).
Financial Trends
Over 13 years of filings (2009–2023), Triangle Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -16.6% | +19.3% | -5.4% |
| 2022 | +11.1% | +2.9% | -4.0% |
| 2021 | -35.0% | +1.2% | +3.4% |
| 2020 | +23.0% | +3.3% | +22.0% |
| 2019 | -34.5% | +30.4% | +11.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1987 |
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 Triangle 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: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Triangle Club Inc 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 deficit of $44K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual and suggests a lack of transparency regarding how leadership is compensated or if all work is purely volunteer.
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 Triangle Club Inc's IRS 990 filings:
- Zero reported program service expenses across all years, raising questions about the nature of their activities and direct charitable impact.
- Consistent reporting of 0% for all executive compensation categories, which is atypical for an organization with their revenue and asset levels.
- High liabilities relative to revenue in some years (e.g., $32,288 in liabilities vs. $208,091 in revenue in 2023).
- Lack of detailed information regarding the specific programs or services provided, given the absence of program expenses.
Strengths
The following positive indicators were identified for Triangle Club Inc:
- Consistent revenue generation over several years, with revenues ranging from $208,091 in 2023 to $428,476 in 2018.
- Healthy asset base, consistently above $700,000 in recent years, peaking at $970,480 in 2020.
- Low reported expenses relative to revenue in some years, suggesting efficient operations if program activities are indeed occurring without direct expense reporting.
Frequently Asked Questions about Triangle Club Inc
Is Triangle Club Inc a legitimate charity?
Triangle Club Inc (EIN: 222533853) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $465K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Triangle Club Inc spend its money?
Triangle Club Inc reported $465K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Triangle Club Inc tax-deductible?
Triangle Club Inc is registered as a tax-exempt nonprofit (EIN: 222533853). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Triangle Club Inc located?
Triangle Club Inc is headquartered in Dover, New Hampshire and files with the IRS under EIN 222533853.
How many years of IRS 990 filings does Triangle Club Inc have?
Triangle 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 $465K in total revenue.
What does Triangle Club Inc do?
Triangle Club Inc is a nonprofit organization in the Unknown sector, located in Dover, New Hampshire. It is classified under NTEE code Unknown.
How much revenue does Triangle Club Inc have?
Triangle Club Inc reported total revenue of $465,315. Based on 13 IRS 990 filings on record.
What are Triangle Club Inc's total assets?
Triangle Club Inc holds total assets of $970,480 as reported in IRS 990 filings.
Where is Triangle Club Inc located?
Triangle Club Inc is based in Dover, New Hampshire.
What is Triangle Club Inc's EIN?
Triangle Club Inc's Employer Identification Number (EIN) is 222533853. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Triangle Club Inc?
Triangle Club Inc is classified under NTEE code Unknown (Unknown).
Is Triangle Club Inc a registered 501(c)(3)?
Triangle Club Inc appears in IRS records (EIN: 222533853). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Triangle Club Inc file IRS Form 990?
Yes, Triangle Club Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was Triangle Club Inc's revenue in 2023?
In the 202310 filing period, Triangle Club Inc reported total revenue of $208,091, total expenses of $251,691, and net assets of $858,482.
Is Triangle Club Inc's revenue growing or declining?
Triangle Club Inc's revenue is declining. Revenue went from $249,374 (202210) to $208,091 (202310), a -16.6% change. Based on 13 filings on record.
What is Triangle Club Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Triangle Club Inc covers tax period 202310. It shows revenue of $208,091, expenses of $251,691, total assets of $858,482, and liabilities of $32,288.
Is Triangle Club Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Triangle Club Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 3 strengths noted.
What are the red flags for Triangle Club Inc?
The following concerns were identified: Zero reported program service expenses across all years, raising questions about the nature of their activities and direct charitable impact.. Consistent reporting of 0% for all executive compensation categories, which is atypical for an organization with their revenue and asset levels.. High liabilities relative to revenue in some years (e.g., $32,288 in liabilities vs. $208,091 in revenue in 2023).. Lack of detailed information regarding the specific programs or services provided, given the absence of program expenses.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Triangle Club Inc's strengths?
Positive indicators for Triangle Club Inc include: Consistent revenue generation over several years, with revenues ranging from $208,091 in 2023 to $428,476 in 2018.. Healthy asset base, consistently above $700,000 in recent years, peaking at $970,480 in 2020.. Low reported expenses relative to revenue in some years, suggesting efficient operations if program activities are indeed occurring without direct expense reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Triangle Club Inc compensate executives?
Executive compensation is reported as 0% across all available filings, which is highly unusual and suggests a lack of transparency regarding how leadership is compensated or if all work is purely volunteer. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Triangle Club Inc?
• No program service expenses are reported across all available filings, making it impossible to assess direct impact. • The organization consistently reports '0%' for compensation of officers, directors, trustees, key employees, and highest compensated employees, which is unusual for an organization with significant revenue and assets. • Liabilities have remained high, with $32,288 in 2023 and $31,890 in 2022, indicating ongoing financial obligations. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of zero program service expenses, how does Triangle Club Inc fulfill its mission and what specific activities or services does it provide to beneficiaries?
The filings do not provide sufficient detail to answer this. The absence of program expenses suggests either that their mission is fulfilled through non-expenditure activities, or that expenses are miscategorized, or that the organization's primary function is not direct service delivery in a way that incurs typical program costs.
What is the nature of the significant liabilities reported annually, and how do these impact the organization's long-term financial stability and ability to pursue its mission?
The filings do not specify the nature of the liabilities (e.g., loans, payables). While the amounts are not crippling, consistent liabilities of around $30,000-$100,000 without clear program spending could indicate ongoing operational debts or other obligations that could constrain future flexibility.
Filing History
IRS 990 filing history for Triangle Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2009–2023), Triangle Club Inc's revenue has grown by 880.5%, moving from $21K to $208K. Total assets increased by 560.4% over the same period, from $130K to $858K. Total functional expenses rose by 1056.9%, from $22K to $252K. In its most recent filing year (2023), Triangle Club Inc reported a deficit of $44K, with expenses exceeding revenue. The organization holds $32K in liabilities against $858K in assets (debt-to-asset ratio: 3.8%), resulting in net assets of $826K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $208K | $252K | $858K | $32K | — | View 990 |
| 2022 | $249K | $211K | $908K | $32K | — | View 990 |
| 2021 | $225K | $205K | $945K | $108K | — | — |
| 2020 | $345K | $202K | $915K | $97K | — | — |
| 2019 | $281K | $196K | $749K | $75K | — | View 990 |
| 2018 | $428K | $150K | $670K | $77K | — | View 990 |
| 2017 | $316K | $53K | $350K | $63K | — | View 990 |
| 2016 | $51K | $47K | $168K | $0 | — | View 990 |
| 2015 | $60K | $46K | $150K | $0 | — | View 990 |
| 2013 | $77K | $62K | $148K | $0 | — | — |
| 2012 | $39K | $35K | $134K | $0 | — | View 990 |
| 2010 | $33K | $33K | $125K | $0 | — | View 990 |
| 2009 | $21K | $22K | $130K | $107K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $208K, expenses of $252K, and assets of $858K (revenue -16.6% year-over-year).
- 2022: Revenue of $249K, expenses of $211K, and assets of $908K (revenue +11.1% year-over-year).
- 2021: Revenue of $225K, expenses of $205K, and assets of $945K (revenue -35.0% year-over-year).
- 2020: Revenue of $345K, expenses of $202K, and assets of $915K (revenue +23.0% year-over-year).
- 2019: Revenue of $281K, expenses of $196K, and assets of $749K (revenue -34.5% year-over-year).
- 2018: Revenue of $428K, expenses of $150K, and assets of $670K (revenue +35.4% year-over-year).
- 2017: Revenue of $316K, expenses of $53K, and assets of $350K (revenue +522.3% year-over-year).
- 2016: Revenue of $51K, expenses of $47K, and assets of $168K (revenue -16.0% year-over-year).
- 2015: Revenue of $60K, expenses of $46K, and assets of $150K (revenue -21.7% year-over-year).
- 2013: Revenue of $77K, expenses of $62K, and assets of $148K (revenue +100.4% year-over-year).
- 2012: Revenue of $39K, expenses of $35K, and assets of $134K (revenue +15.3% year-over-year).
- 2010: Revenue of $33K, expenses of $33K, and assets of $125K (revenue +57.5% year-over-year).
- 2009: Revenue of $21K, expenses of $22K, and assets of $130K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Triangle Club Inc:
Data Sources and Methodology
This transparency report for Triangle 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.