Quick charity verification for Elderplan Inc (EIN: 112625096)
Verdict: Elderplan Inc appears trustworthy
95/100Mission Score
$2.1BRevenue
$754.4MAssets
1Red Flags
5Strengths
Red Flags
Unexplained zero officer compensation for a multi-billion dollar organization, potentially obscuring true executive remuneration.
Strengths
Exceptional program spending ratio, consistently allocating nearly all expenses to its mission.
Strong and consistent revenue growth over the past decade, indicating successful operations.
Robust asset base that significantly exceeds liabilities, demonstrating strong financial health.
Consistent financial transparency through regular IRS 990 filings.
Efficient operations with minimal administrative and fundraising costs relative to program expenses.
Spending Breakdown
How Elderplan Inc allocates its funds across programs, administration, and fundraising.
98%
Program Spending
Healthy — majority goes to mission
1%
Admin Costs
Reasonable — admin costs in check
1%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Elderplan Inc
Is Elderplan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elderplan Inc (EIN: 112625096) appears trustworthy. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
Is Elderplan Inc a good charity to donate to?
Elderplan Inc has a Mission Score of 95/100. Revenue: $2.1B. Assets: $754.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Elderplan Inc?
The Employer Identification Number (EIN) for Elderplan Inc is 112625096. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Elderplan Inc spend its money?
Elderplan Inc allocates 98% to programs, 1% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Elderplan Inc's tax-exempt status?
You can verify Elderplan Inc's tax-exempt status using EIN 112625096 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Elderplan Inc. demonstrates robust financial health, with its latest reported revenue reaching over $2.1 billion and assets exceeding $754 million. The organization has shown consistent growth in both revenue and assets over the past decade, indicating strong operational performance and financial stability. For instance, revenue grew from $808 million in 2014 to over $1.5 billion in 2023, and assets increased from $215 million to $678 million in the same period. The organization consistently spends a very high proportion of its expenses on program services, with administrative and fundraising costs being minimal, which is a strong indicator of efficiency.
Spending efficiency is exceptionally high, as evidenced by the consistently low difference between total revenue and total expenses across all reported periods. For example, in 2023, expenses were $1,561,824,105 against revenues of $1,594,361,712, indicating that the vast majority of funds are directly utilized for its mission. The organization's NTEE code E310 (Health Maintenance Organizations) suggests its primary activities are directly related to providing health services, which aligns with its high program spending. The absence of reported officer compensation further enhances its transparency and commitment to mission-driven spending.
Transparency appears strong given the consistent filing of IRS Form 990s and the detailed financial information provided. The consistent growth in assets and revenue, coupled with efficient spending and no reported officer compensation, paints a picture of a well-managed and financially sound nonprofit. The organization's ability to maintain a healthy asset base while deploying significant funds for its programs is commendable.