Woodmere Club Inc

Woodmere Club Inc. reports multi-million dollar revenue with zero assets and liabilities in latest filing, a significant change from prior years.

EIN: 111486950 · Woodmere, NY · Updated: 2026-03-28

$5.3MRevenue

$0Assets

20/100Mission Score (Poor)

Is Woodmere Club Inc Legit?

Significant Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

ModerateTransparency

5 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Woodmere Club Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Woodmere Club Inc

Woodmere Club Inc (EIN: 111486950) is a nonprofit organization based in Woodmere, NY. The organization reported total revenue of $5.3M and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodmere Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Woodmere Club Inc. exhibits a highly unusual financial profile for a nonprofit, particularly its consistent reporting of zero assets and liabilities in its latest filing (201704) despite significant revenue of $5,239,503. This contrasts sharply with prior years where substantial assets (e.g., $9,861,051 in 201510) and liabilities were reported. The organization's revenue has been consistently in the multi-million dollar range, with the latest reported revenue at $5,298,951. The significant drop in reported expenses from $5,533,875 in 201510 to $1,699,324 in 201704, alongside the zeroing out of assets and liabilities, raises significant questions about the nature of its operations and financial reporting. Without further context or clarification, this financial presentation severely impacts transparency and makes a standard assessment of financial health challenging.

The organization's spending efficiency is difficult to ascertain given the inconsistencies in asset and liability reporting. While the latest filing shows expenses significantly lower than revenue, suggesting a surplus, the overall financial picture is obscured by the dramatic changes in balance sheet reporting. The absence of reported officer compensation across all filings, despite multi-million dollar revenues, is also noteworthy and could indicate a volunteer-led structure or that compensation is reported differently. The lack of an NTEE code further hinders understanding its mission and comparing its financial performance to peers.

Overall, Woodmere Club Inc.'s financial transparency is severely compromised by the inconsistent and unusual reporting of its balance sheet, particularly the sudden disappearance of all assets and liabilities in its most recent filing. This makes it challenging to confidently assess its financial health, spending efficiency, or long-term sustainability. A deeper investigation into the reasons behind these reporting changes would be necessary for a comprehensive understanding.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Woodmere Club Inc with a Mission Score of 20 out of 100 (Poor). 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: 80%
fundraising: 10%

According to IRS 990 filings, Woodmere Club Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported across all available filings, including the latest period (201704) with $5,239,503 in revenue, which is unusual for an organization of this revenue size and suggests a volunteer-led or differently structured leadership.

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 Woodmere Club Inc's IRS 990 filings:

Inconsistent and highly unusual balance sheet reporting, specifically $0 assets and liabilities in the latest filing (201704) after reporting millions in prior years.
Lack of reported officer compensation despite multi-million dollar revenues across all filings.
Absence of an NTEE code, making it difficult to understand the organization's specific charitable purpose.
Significant fluctuations in reported expenses without clear explanation in public filings.
Overall lack of financial transparency due to the unusual reporting patterns.

Strengths

The following positive indicators were identified for Woodmere Club Inc:

Consistently generates multi-million dollar revenues, indicating strong income streams (e.g., $5,298,951 latest revenue).

Frequently Asked Questions about Woodmere Club Inc

Is Woodmere Club Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Woodmere Club Inc (EIN: 111486950) significant concerns. Mission Score: 20/100. 5 red flags identified, 1 strength noted.

How does Woodmere Club Inc spend its money?

Woodmere Club Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Woodmere Club Inc tax-deductible?

Woodmere Club Inc is registered as a tax-exempt nonprofit (EIN: 111486950). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Why did Woodmere Club Inc. report $0 in assets and liabilities in its 201704 filing, after reporting millions in previous years?

The IRS 990 for period 201704 shows Assets of $0 and Liabilities of $0, a stark contrast to the 201510 filing which reported Assets of $9,861,051 and Liabilities of $7,355,482. This dramatic change requires clarification to understand the organization's true financial position.

What is the actual mission or purpose of Woodmere Club Inc., given the 'Unknown' NTEE code?

The absence of an NTEE code makes it difficult to understand the organization's specific charitable purpose and how its multi-million dollar revenues are being utilized in alignment with a nonprofit mission.

How does Woodmere Club Inc. operate with multi-million dollar revenues without reporting any officer compensation?

All six available IRS 990 filings, including the latest with over $5 million in revenue, consistently report 0% officer compensation. This is highly unusual for an organization of this scale and warrants an explanation regarding its leadership structure and compensation practices.

What caused the significant decrease in reported expenses from $5,533,875 in 201510 to $1,699,324 in 201704?

The nearly 70% reduction in expenses between these two periods, alongside the balance sheet changes, suggests a fundamental shift in operations or reporting that needs to be understood to assess financial stability and program delivery.

Filing History

IRS 990 filing history for Woodmere Club Inc showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2011–2017), Woodmere Club Inc's revenue has grown by 3%, moving from $5.1M to $5.2M. Total assets decreased by 100% over the same period, from $9.9M to $0. Total functional expenses fell by 68.2%, from $5.3M to $1.7M. In its most recent filing year (2017), Woodmere Club Inc reported a surplus of $3.5M, with revenue exceeding expenses.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2017	$5.2M	$1.7M	$0	$0	—	—
2015	$5.3M	$5.5M	$9.9M	$7.4M	—	View 990
2014	$5.1M	$6.0M	$9.8M	$7.1M	—	View 990
2013	$8.7M	$8.6M	$11.0M	$7.3M	—	View 990
2012	$6.5M	$6.1M	$10.1M	$6.8M	—	View 990
2011	$5.1M	$5.3M	$9.9M	$7.2M	—	View 990

Year-by-Year Financial Summary

2017: Revenue of $5.2M, expenses of $1.7M, and assets of $0 (revenue -0.5% year-over-year).
2015: Revenue of $5.3M, expenses of $5.5M, and assets of $9.9M (revenue +2.9% year-over-year).
2014: Revenue of $5.1M, expenses of $6.0M, and assets of $9.8M (revenue -41.2% year-over-year).
2013: Revenue of $8.7M, expenses of $8.6M, and assets of $11.0M (revenue +33.0% year-over-year).
2012: Revenue of $6.5M, expenses of $6.1M, and assets of $10.1M (revenue +28.7% year-over-year).
2011: Revenue of $5.1M, expenses of $5.3M, and assets of $9.9M.

Data Sources and Methodology

This transparency report for Woodmere 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.