Trustees Of The Sailors Snug Harbor In The City Of New York

Sailors Snug Harbor shows consistent asset growth but recent operational deficits, with no reported officer compensation.

EIN: 135562398 · New York, NY · NTEE: P750 · Updated: 2026-03-28

$34.2MRevenue

$65.3MAssets

85/100Mission Score (Excellent)

P750

About Trustees Of The Sailors Snug Harbor In The City Of New York

Trustees Of The Sailors Snug Harbor In The City Of New York (EIN: 135562398) is a nonprofit organization based in New York, NY, classified under NTEE code P750. The organization reported total revenue of $34.2M and total assets of $65.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Trustees Of The Sailors Snug Harbor In The City Of New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Trustees Of The Sailors Snug Harbor In The City Of New York demonstrates a generally stable financial position, with assets consistently growing over the past decade, reaching $61,395,541 in 2023. However, recent filings show a trend of expenses exceeding revenue, with 2023 reporting $2,180,716 in expenses against $1,158,644 in revenue, and 2022 showing $2,147,638 in expenses versus $1,158,511 in revenue. This operational deficit, while potentially covered by investment income or reserves given the substantial asset base, warrants closer examination to ensure long-term sustainability without relying solely on asset drawdowns.

The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses within the provided data. However, the consistent reporting of 0% officer compensation across all filings suggests a strong commitment to minimizing executive overhead, which is a positive indicator for donor confidence. The significant fluctuation in annual revenue, from a low of $1,158,511 in 2022 to a high of $4,480,219 in 2014, indicates potential reliance on variable funding sources or large, infrequent contributions.

In terms of transparency, the consistent filing of IRS Form 990s over a decade is a strength, providing a public record of financial activity. The absence of reported officer compensation is a notable positive for transparency and efficiency. To further enhance transparency, a more granular breakdown of expenses would be beneficial for stakeholders to understand how funds are allocated across programs, administration, and fundraising efforts.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Trustees Of The Sailors Snug Harbor In The City Of New York with a Mission Score of 85 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Trustees Of The Sailors Snug Harbor In The City Of New York allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of this asset size ($61M+). This suggests a volunteer-led executive structure or that compensation is reported under other categories, warranting further investigation for complete transparency.

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 Trustees Of The Sailors Snug Harbor In The City Of New York's IRS 990 filings:

Consistent operational deficits in recent years (e.g., 2023 and 2022 expenses significantly exceeding revenue).
Significant fluctuations in annual revenue, indicating potential instability in funding sources.
Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary data, hindering full efficiency assessment.

Strengths

The following positive indicators were identified for Trustees Of The Sailors Snug Harbor In The City Of New York:

Strong and consistent growth in assets over the past decade, from $37,329,582 in 2011 to $61,395,541 in 2023.
No reported officer compensation across all filings, suggesting low executive overhead.
Consistent filing of IRS Form 990s, indicating a commitment to public financial disclosure.
Low liabilities relative to assets, indicating a healthy balance sheet (e.g., $326,784 liabilities vs. $61,395,541 assets in 2023).

Frequently Asked Questions about Trustees Of The Sailors Snug Harbor In The City Of New York

How does the organization cover its operational deficits, such as the $1,022,072 deficit in 2023 (Expenses $2,180,716 vs. Revenue $1,158,644)?

The provided data does not specify the source of funding for operational deficits. Given the substantial asset base, it is likely covered by investment income, prior year reserves, or asset liquidation, but this requires further detail from the full 990 filing.

What is the specific breakdown of program, administrative, and fundraising expenses?

The provided summary data does not offer a detailed breakdown of expenses into program, administrative, and fundraising categories. This information would be crucial for a comprehensive assessment of spending efficiency.

Why is officer compensation consistently reported as 0% across all filings, despite the organization's significant assets and operations?

A consistent 0% officer compensation suggests either a fully volunteer-led executive team or that executive compensation is categorized differently within the 990, such as under general salaries or professional fees, which would require reviewing the full Form 990 for clarification.

Filing History

IRS 990 filing history for Trustees Of The Sailors Snug Harbor In The City Of New York showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), Trustees Of The Sailors Snug Harbor In The City Of New York's revenue has declined by 36.9%, moving from $1.8M to $1.2M. Total assets increased by 64.5% over the same period, from $37.3M to $61.4M. Total functional expenses rose by 33.1%, from $1.6M to $2.2M. In its most recent filing year (2023), Trustees Of The Sailors Snug Harbor In The City Of New York reported a deficit of $1.0M, with expenses exceeding revenue. The organization holds $327K in liabilities against $61.4M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $61.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.2M	$2.2M	$61.4M	$327K	—	View 990
2022	$1.2M	$2.1M	$56.3M	$258K	—	View 990
2021	$3.2M	$2.3M	$69.8M	$673K	—	View 990
2020	$1.7M	$1.8M	$61.3M	$566K	—	View 990
2019	$4.2M	$1.9M	$54.1M	$492K	—	View 990
2015	$1.5M	$1.2M	$40.9M	$397K	—	View 990
2014	$4.5M	$3.3M	$43.1M	$523K	—	View 990
2013	$1.6M	$1.2M	$44.2M	$519K	—	View 990
2012	$3.5M	$1.3M	$40.7M	$468K	—	View 990
2011	$1.8M	$1.6M	$37.3M	$446K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.2M, expenses of $2.2M, and assets of $61.4M (revenue +0.0% year-over-year).
2022: Revenue of $1.2M, expenses of $2.1M, and assets of $56.3M (revenue -63.5% year-over-year).
2021: Revenue of $3.2M, expenses of $2.3M, and assets of $69.8M (revenue +85.4% year-over-year).
2020: Revenue of $1.7M, expenses of $1.8M, and assets of $61.3M (revenue -59.3% year-over-year).
2019: Revenue of $4.2M, expenses of $1.9M, and assets of $54.1M (revenue +177.5% year-over-year).
2015: Revenue of $1.5M, expenses of $1.2M, and assets of $40.9M (revenue -66.1% year-over-year).
2014: Revenue of $4.5M, expenses of $3.3M, and assets of $43.1M (revenue +186.9% year-over-year).
2013: Revenue of $1.6M, expenses of $1.2M, and assets of $44.2M (revenue -54.9% year-over-year).
2012: Revenue of $3.5M, expenses of $1.3M, and assets of $40.7M (revenue +88.8% year-over-year).
2011: Revenue of $1.8M, expenses of $1.6M, and assets of $37.3M.

Data Sources and Methodology

This transparency report for Trustees Of The Sailors Snug Harbor In The City Of New York 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.