Passaic River Yacht Club
Nonprofit profile at a glance
- EIN
- 221187000
- IRS 990-EZ coverage
- 2021–2025
- Forms available
- Form 990-EZ 2025
- Location
- South Kearny, NJ, USA
- Phone
- 9739432778
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $56,984
- Expenses
- $45,652
- Assets
- $82,562
- Liabilities
- $82,562
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- ERNESTO APONTE (COMMODORE)
- FRANK VASQUEZ (VICECOMMODORE)
- SAM SIMMONS (AMD COMMODORE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Social activities for club members
What it reported doing in 2025
Social activities
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 1
- Transparency & Controls: 100
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.7%; rating input score 1
- Program expense ratio: 0.9%; rating input score 1
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 19.9%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.81; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 1.3%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 20.1% per year; rating input score 100; 81st percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 73rd percentile among comparable filings
- Asset growth: 7.5% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 0.7% of revenue deployed · 0.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $389 in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 6 of 7 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 5 filing years from 2021 to 2025
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- High — Financial Efficiency: Program expense ratio scored 1/100.
- Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 12/100.