Yacht Club Of Sea Isle City
Yacht Club Of Sea Isle City maintains stable finances with volunteer leadership and growing assets, though liabilities remain high.
EIN: 210646286 · Sea Isle City, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| Net Assets | $947K |
| Transparency Score | 75/100 |
Is Yacht Club Of Sea Isle City Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Yacht Club Of Sea Isle City directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Yacht Club Of Sea Isle City
Yacht Club Of Sea Isle City (EIN: 210646286) is a nonprofit organization based in Sea Isle City, NJ. The organization reported total revenue of $3.4M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Yacht Club Of Sea Isle City's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Yacht Club Of Sea Isle City is a mid-size nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$192K |
| Total Assets | $4.8M |
| Total Liabilities | $3.9M |
| Net Assets | $947K |
| Operating Margin | 10.1% |
| Debt-to-Asset Ratio | 80.4% |
| Months of Reserves | 34.2 months |
Financial Health Grade: A
In 2023, Yacht Club Of Sea Isle City reported a surplus of $192K with revenue exceeding expenses, holds 34.2 months of operating reserves (strong position), has a debt-to-asset ratio of 80.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Yacht Club Of Sea Isle City's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.4% | -3.9% | +4.9% |
| 2022 | -4.6% | +27.6% | +14.2% |
| 2021 | +60.3% | +30.0% | -2.5% |
| 2020 | -36.2% | -19.1% | -4.4% |
| 2019 | +0.3% | -8.0% | +1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1943 |
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 Yacht Club Of Sea Isle City with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Yacht Club Of Sea Isle City 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $192K, with revenue exceeding expenses.
- Debt-to-asset ratio: 80.4%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers are likely volunteers, which is a strong positive for resource allocation.
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 Yacht Club Of Sea Isle City's IRS 990 filings:
- High proportion of liabilities to assets (e.g., $3,892,020 liabilities vs. $4,839,127 assets in 2023)
- NTEE Code is 'Unknown', which can hinder clear classification of its mission.
Strengths
The following positive indicators were identified for Yacht Club Of Sea Isle City:
- Consistent reporting of 0% officer compensation, indicating volunteer leadership.
- Long history of IRS 990 filings (13 filings), demonstrating transparency.
- Overall stable financial operations with growing assets over time (e.g., assets grew from $4,038,184 in 2021 to $4,839,127 in 2023).
Frequently Asked Questions about Yacht Club Of Sea Isle City
Is Yacht Club Of Sea Isle City a legitimate charity?
Yacht Club Of Sea Isle City (EIN: 210646286) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.4M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Yacht Club Of Sea Isle City spend its money?
Yacht Club Of Sea Isle City directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Yacht Club Of Sea Isle City tax-deductible?
Yacht Club Of Sea Isle City is registered as a tax-exempt nonprofit (EIN: 210646286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Yacht Club Of Sea Isle City's spending goes to programs?
Yacht Club Of Sea Isle City directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Yacht Club Of Sea Isle City located?
Yacht Club Of Sea Isle City is headquartered in Sea Isle City, New Jersey and files with the IRS under EIN 210646286.
How many years of IRS 990 filings does Yacht Club Of Sea Isle City have?
Yacht Club Of Sea Isle City 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 $3.4M in total revenue.
What is the primary purpose of the Yacht Club Of Sea Isle City, given its financial structure?
Based on the financial data, the organization operates with significant revenue and assets typical of a membership-based club, likely focused on recreational and social activities related to yachting, rather than traditional charitable programs.
How does the organization manage its liabilities, which are consistently high relative to its assets?
The consistent high level of liabilities (e.g., $3,892,020 in 2023 against $4,839,127 in assets) suggests that a significant portion of the club's assets may be financed through debt or member-related obligations, which warrants further investigation into the nature of these liabilities.
Are there any concerns about the organization's long-term financial sustainability given periods of deficit spending?
While there have been years of deficit spending (e.g., 2022 with expenses of $1,768,349 exceeding revenue of $1,449,941), the overall trend shows revenue generally covering expenses and assets growing, suggesting a managed approach to financial fluctuations rather than a systemic sustainability issue.
Filing History
IRS 990 filing history for Yacht Club Of Sea Isle City showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Yacht Club Of Sea Isle City's revenue has grown by 123.1%, moving from $848K to $1.9M. Total assets increased by 411.9% over the same period, from $945K to $4.8M. Total functional expenses rose by 94.9%, from $872K to $1.7M. In its most recent filing year (2023), Yacht Club Of Sea Isle City reported a surplus of $192K, with revenue exceeding expenses. The organization holds $3.9M in liabilities against $4.8M in assets (debt-to-asset ratio: 80.4%), resulting in net assets of $947K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.7M | $4.8M | $3.9M | — | — |
| 2022 | $1.4M | $1.8M | $4.6M | $3.9M | — | View 990 |
| 2021 | $1.5M | $1.4M | $4.0M | $3.0M | — | View 990 |
| 2020 | $948K | $1.1M | $4.1M | $3.2M | — | View 990 |
| 2019 | $1.5M | $1.3M | $4.3M | $3.3M | — | View 990 |
| 2018 | $1.5M | $1.4M | $4.3M | $3.4M | — | View 990 |
| 2017 | $1.6M | $1.6M | $4.4M | $3.5M | — | View 990 |
| 2016 | $1.8M | $1.6M | $4.4M | $3.6M | — | View 990 |
| 2015 | $1.4M | $1.4M | $4.3M | $3.7M | — | View 990 |
| 2014 | $1.4M | $1.4M | $4.3M | $3.7M | — | View 990 |
| 2013 | $1.3M | $1.2M | $4.3M | $3.7M | — | View 990 |
| 2012 | $821K | $703K | $2.3M | $1.9M | — | View 990 |
| 2011 | $848K | $872K | $945K | $612K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.7M, and assets of $4.8M (revenue +30.4% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.8M, and assets of $4.6M (revenue -4.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $4.0M (revenue +60.3% year-over-year).
- 2020: Revenue of $948K, expenses of $1.1M, and assets of $4.1M (revenue -36.2% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.3M, and assets of $4.3M (revenue +0.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $4.3M (revenue -7.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $4.4M (revenue -11.8% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $4.4M (revenue +26.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $4.3M (revenue +0.7% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $4.3M (revenue +12.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $4.3M (revenue +54.6% year-over-year).
- 2012: Revenue of $821K, expenses of $703K, and assets of $2.3M (revenue -3.1% year-over-year).
- 2011: Revenue of $848K, expenses of $872K, and assets of $945K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Yacht Club Of Sea Isle City:
Data Sources and Methodology
This transparency report for Yacht Club Of Sea Isle City 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.