Underwood Club Inc
Underwood Club Inc. maintains stable assets and zero officer compensation amidst minor operating deficits.
EIN: 141364657 · Longmont, CO · Updated: 2026-03-28
Is Underwood Club Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Underwood Club Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Underwood Club Inc
Underwood Club Inc (EIN: 141364657) is a nonprofit organization based in Longmont, CO. The organization reported total revenue of $420K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Underwood Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Underwood Club Inc is a small nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $230K |
| Total Expenses | $248K |
| Surplus / Deficit | $-18,807 |
| Total Assets | $1.5M |
| Total Liabilities | $1K |
| Net Assets | $1.5M |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 70.8 months |
Financial Health Grade: B
In 2024, Underwood Club Inc reported a deficit of $19K with expenses exceeding revenue, holds 70.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Underwood Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.3% | +8.4% | -1.3% |
| 2023 | -0.5% | -2.9% | -1.3% |
| 2022 | -11.9% | +2.3% | -1.8% |
| 2021 | +12.0% | -3.6% | +0.6% |
| 2020 | -5.7% | +4.8% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1964 |
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 Underwood Club Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Underwood Club Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with assets exceeding $1.4 million and annual expenses over $200,000.
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 Underwood Club Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in recent years, such as $248,462 in expenses vs. $229,655 in revenue in 202406, could be unsustainable long-term without drawing down reserves or increasing revenue.
- Lack of detailed functional expense breakdown in provided data makes it difficult to precisely verify program spending efficiency beyond the absence of officer compensation.
Strengths
The following positive indicators were identified for Underwood Club Inc:
- Zero officer compensation reported across all filings, indicating a strong commitment to directing funds to the mission rather than executive salaries.
- Strong asset base consistently over $1.4 million, providing financial stability and reserves.
- Very low liabilities, demonstrating excellent financial management and minimal debt burden.
- Consistent IRS 990 filing history (13 filings) indicates good compliance and transparency.
- Long-term asset growth from $1,396,785 in 201506 to $1,465,254 in 202406.
Frequently Asked Questions about Underwood Club Inc
Is Underwood Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Underwood Club Inc (EIN: 141364657) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Underwood Club Inc spend its money?
Underwood Club Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Underwood Club Inc tax-deductible?
Underwood Club Inc is registered as a tax-exempt nonprofit (EIN: 141364657). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Underwood Club Inc. financially stable?
Yes, Underwood Club Inc. appears financially stable, consistently maintaining over $1.4 million in assets and very low liabilities, despite occasional operating deficits. For example, in 202406, assets were $1,465,254 against liabilities of only $1,162.
How does Underwood Club Inc. manage executive compensation?
Underwood Club Inc. reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its officers.
What is the trend in Underwood Club Inc.'s revenue and expenses?
Revenue and expenses for Underwood Club Inc. have remained relatively stable over the past decade, generally fluctuating around $200,000-$250,000 annually. In 202406, revenue was $229,655 and expenses were $248,462.
Does Underwood Club Inc. have significant debt?
No, Underwood Club Inc. consistently reports very low liabilities. For instance, in 202406, liabilities were only $1,162, which is negligible compared to its assets of $1,465,254.
Filing History
IRS 990 filing history for Underwood Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Underwood Club Inc's revenue has declined by 5.8%, moving from $244K to $230K. Total assets increased by 13.2% over the same period, from $1.3M to $1.5M. Total functional expenses rose by 16.4%, from $213K to $248K. In its most recent filing year (2024), Underwood Club Inc reported a deficit of $19K, with expenses exceeding revenue. The organization holds $1K in liabilities against $1.5M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $230K | $248K | $1.5M | $1K | — | — |
| 2023 | $218K | $229K | $1.5M | $4K | — | View 990 |
| 2022 | $219K | $236K | $1.5M | $14K | — | View 990 |
| 2021 | $249K | $231K | $1.5M | $23K | — | — |
| 2020 | $222K | $239K | $1.5M | $32K | — | View 990 |
| 2019 | $235K | $228K | $1.5M | $40K | — | View 990 |
| 2018 | $216K | $188K | $1.5M | $681 | — | View 990 |
| 2017 | $213K | $194K | $1.5M | $2K | — | View 990 |
| 2016 | $254K | $195K | $1.5M | $2K | — | View 990 |
| 2015 | $287K | $203K | $1.4M | $2K | — | View 990 |
| 2014 | $202K | $199K | $1.3M | $2K | — | View 990 |
| 2013 | $221K | $206K | $1.3M | $2K | — | View 990 |
| 2012 | $244K | $213K | $1.3M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $230K, expenses of $248K, and assets of $1.5M (revenue +5.3% year-over-year).
- 2023: Revenue of $218K, expenses of $229K, and assets of $1.5M (revenue -0.5% year-over-year).
- 2022: Revenue of $219K, expenses of $236K, and assets of $1.5M (revenue -11.9% year-over-year).
- 2021: Revenue of $249K, expenses of $231K, and assets of $1.5M (revenue +12.0% year-over-year).
- 2020: Revenue of $222K, expenses of $239K, and assets of $1.5M (revenue -5.7% year-over-year).
- 2019: Revenue of $235K, expenses of $228K, and assets of $1.5M (revenue +9.1% year-over-year).
- 2018: Revenue of $216K, expenses of $188K, and assets of $1.5M (revenue +1.5% year-over-year).
- 2017: Revenue of $213K, expenses of $194K, and assets of $1.5M (revenue -16.2% year-over-year).
- 2016: Revenue of $254K, expenses of $195K, and assets of $1.5M (revenue -11.4% year-over-year).
- 2015: Revenue of $287K, expenses of $203K, and assets of $1.4M (revenue +41.9% year-over-year).
- 2014: Revenue of $202K, expenses of $199K, and assets of $1.3M (revenue -8.4% year-over-year).
- 2013: Revenue of $221K, expenses of $206K, and assets of $1.3M (revenue -9.6% year-over-year).
- 2012: Revenue of $244K, expenses of $213K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Underwood Club Inc:
Data Sources and Methodology
This transparency report for Underwood 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.