Is The Oaks At Bartlett Legit?

Quick charity verification for The Oaks At Bartlett (EIN: 10729134)

Verdict: The Oaks At Bartlett shows mixed signals

55/100Mission Score

$18.6MRevenue

$25.5MAssets

4Red Flags

2Strengths

Red Flags

Consistent operational deficits (expenses exceeding revenue) over multiple years, e.g., $24.3M expenses vs $17.8M revenue in 2023.
High and growing liabilities relative to assets, with liabilities reaching $108.5M against $24.0M in assets in 2023.
Declining asset base over the past decade, from $42.2M in 2014 to $24.0M in 2023.
Negative net income trend indicating an inability to cover costs with current revenue streams.

Strengths

Consistent reporting of 0% officer compensation, indicating good stewardship in executive pay.
Regular and consistent filing of IRS 990 forms, demonstrating transparency.

Spending Breakdown

How The Oaks At Bartlett allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 The Oaks At Bartlett

Is The Oaks At Bartlett a legitimate charity?

Based on AI analysis of IRS 990 filings, The Oaks At Bartlett (EIN: 10729134) shows mixed signals. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.

Is The Oaks At Bartlett a good charity to donate to?

The Oaks At Bartlett has a Mission Score of 55/100. Revenue: $18.6M. Assets: $25.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The Oaks At Bartlett?

The Employer Identification Number (EIN) for The Oaks At Bartlett is 10729134. 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 The Oaks At Bartlett spend its money?

The Oaks At Bartlett allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The Oaks At Bartlett's tax-exempt status?

You can verify The Oaks At Bartlett's tax-exempt status using EIN 10729134 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

The Oaks At Bartlett, operating as a senior living facility (NTEE L22), exhibits a consistent pattern of expenses exceeding revenue across all reported periods, indicating an operational deficit. For instance, in 2023, expenses were $24,362,994 against revenues of $17,876,510, resulting in a significant shortfall. This trend has led to a substantial and growing liability burden, reaching $108,535,575 in 2023, far outweighing its assets of $24,070,056. While the organization consistently reports 0% officer compensation, which suggests good stewardship in that area, the overall financial health is concerning due to persistent operating losses and a highly leveraged balance sheet. The organization's transparency is good given the consistent filing of IRS 990s, but the financial sustainability is a key area of concern.

The organization's financial structure, with high liabilities relative to assets, is typical for continuing care retirement communities (CCRCs) which often carry significant debt for facility construction and operations. However, the consistent negative net income over many years suggests that current revenues are not sufficient to cover ongoing operational costs and potentially debt servicing. This long-term trend of expenses exceeding revenue, coupled with declining assets from a peak of $42,250,053 in 2014 to $24,070,056 in 2023, points to a need for a robust financial strategy to achieve sustainability. The absence of officer compensation is a positive indicator of resource allocation, but it does not offset the broader financial challenges.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.