Elderplan Inc
Elderplan Inc. consistently allocates nearly all revenue to program services, demonstrating exceptional financial efficiency and growth.
EIN: 112625096 · New York, NY · NTEE: E310 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.1B |
| Total Expenses | $1.6B |
| Program Spending | 98% |
| Net Assets | $288.2M |
| Transparency Score | 95/100 |
Is Elderplan Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elderplan Inc directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elderplan Inc
Elderplan Inc (EIN: 112625096) is a nonprofit organization based in New York, NY, classified under NTEE code E310. The organization reported total revenue of $2.1B and total assets of $754.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elderplan Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elderplan Inc is a major nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6B |
| Total Expenses | $1.6B |
| Surplus / Deficit | +$32.5M |
| Total Assets | $678.0M |
| Total Liabilities | $389.8M |
| Net Assets | $288.2M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 57.5% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Elderplan Inc reported a surplus of $32.5M with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 57.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elderplan Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.6% | +25.2% | +35.1% |
| 2022 | +10.3% | +11.2% | +13.8% |
| 2021 | -4.1% | -0.6% | +12.3% |
| 2020 | -2.5% | -4.9% | +31.0% |
| 2019 | +12.3% | +11.2% | +8.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
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 Elderplan Inc with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 1%
- programs: 98%
- fundraising: 1%
According to IRS 990 filings, Elderplan Inc allocates its expenses as follows: admin: 1%, programs: 98%, fundraising: 1%. With 98% 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 $32.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 57.5%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which is highly unusual for an organization of this multi-billion dollar scale and suggests that executive leadership may be compensated through a related entity or that the organization operates with a volunteer executive structure, warranting further investigation for complete transparency.
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 Elderplan Inc's IRS 990 filings:
- Unexplained zero officer compensation for a multi-billion dollar organization, potentially obscuring true executive remuneration.
Strengths
The following positive indicators were identified for Elderplan Inc:
- 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.
Frequently Asked Questions about Elderplan Inc
Is Elderplan Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Elderplan Inc (EIN: 112625096) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Elderplan Inc spend its money?
Elderplan Inc directs 98% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Elderplan Inc tax-deductible?
Elderplan Inc is registered as a tax-exempt nonprofit (EIN: 112625096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Elderplan Inc's spending goes to programs?
Elderplan Inc directs 98% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elderplan Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Elderplan Inc is above average for NTEE category E310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elderplan Inc located?
Elderplan Inc is headquartered in New York, New York and files with the IRS under EIN 112625096. It is classified under NTEE code E310.
How many years of IRS 990 filings does Elderplan Inc have?
Elderplan Inc 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 $2.1B in total revenue.
How does Elderplan Inc. manage to report zero officer compensation despite its multi-billion dollar revenue?
The consistent reporting of 0% officer compensation across all filings for an organization of Elderplan Inc.'s size ($2.1 billion latest revenue) suggests that executive compensation might be handled through a related entity, or that the organization's leadership is entirely volunteer-based. This practice, while not inherently negative, warrants further scrutiny for complete transparency regarding executive remuneration.
What is the primary driver of Elderplan Inc.'s significant revenue and asset growth?
Elderplan Inc.'s consistent and substantial growth in revenue (from $808M in 2014 to $2.1B in 2023) and assets (from $215M in 2014 to $754M in 2023) likely stems from its operations as a Health Maintenance Organization (HMO) (NTEE E310). This growth suggests successful expansion of its health plan offerings and member base within the New York market.
Is Elderplan Inc. financially stable given its large liabilities?
While Elderplan Inc. has significant liabilities (e.g., $389,813,383 in 2023), its assets consistently outweigh these liabilities by a substantial margin (e.g., $678,009,254 in assets vs. $389,813,383 in liabilities in 2023). This indicates a healthy financial position with sufficient resources to cover its obligations, demonstrating strong financial stability.
How does Elderplan Inc. maintain such a high program spending ratio?
As an HMO, Elderplan Inc.'s core operations inherently involve direct healthcare service provision, which is classified as program spending. The nature of its business means that the vast majority of its expenses are directly tied to delivering health benefits and services to its members, naturally leading to a very high program spending ratio (e.g., 98% estimated).
Filing History
IRS 990 filing history for Elderplan Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elderplan Inc's revenue has grown by 297.3%, moving from $401.3M to $1.6B. Total assets increased by 358.1% over the same period, from $148.0M to $678.0M. Total functional expenses rose by 278.1%, from $413.0M to $1.6B. In its most recent filing year (2023), Elderplan Inc reported a surplus of $32.5M, with revenue exceeding expenses. The organization holds $389.8M in liabilities against $678.0M in assets (debt-to-asset ratio: 57.5%), resulting in net assets of $288.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6B | $1.6B | $678.0M | $389.8M | — | — |
| 2022 | $1.3B | $1.2B | $501.8M | $260.4M | — | View 990 |
| 2021 | $1.1B | $1.1B | $441.0M | $200.3M | — | View 990 |
| 2020 | $1.2B | $1.1B | $392.7M | $167.2M | — | View 990 |
| 2019 | $1.2B | $1.2B | $299.7M | $134.6M | — | View 990 |
| 2018 | $1.1B | $1.1B | $275.5M | $152.0M | — | View 990 |
| 2017 | $974.6M | $954.4M | $248.8M | $144.1M | — | View 990 |
| 2016 | $848.7M | $840.7M | $215.8M | $119.2M | — | View 990 |
| 2015 | $816.4M | $844.1M | $199.3M | $110.9M | — | View 990 |
| 2014 | $808.7M | $803.4M | $215.7M | $98.9M | — | View 990 |
| 2013 | $667.4M | $641.3M | $207.0M | $94.7M | — | View 990 |
| 2012 | $528.5M | $526.5M | $153.9M | $69.4M | — | View 990 |
| 2011 | $401.3M | $413.0M | $148.0M | $66.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6B, expenses of $1.6B, and assets of $678.0M (revenue +26.6% year-over-year).
- 2022: Revenue of $1.3B, expenses of $1.2B, and assets of $501.8M (revenue +10.3% year-over-year).
- 2021: Revenue of $1.1B, expenses of $1.1B, and assets of $441.0M (revenue -4.1% year-over-year).
- 2020: Revenue of $1.2B, expenses of $1.1B, and assets of $392.7M (revenue -2.5% year-over-year).
- 2019: Revenue of $1.2B, expenses of $1.2B, and assets of $299.7M (revenue +12.3% year-over-year).
- 2018: Revenue of $1.1B, expenses of $1.1B, and assets of $275.5M (revenue +11.7% year-over-year).
- 2017: Revenue of $974.6M, expenses of $954.4M, and assets of $248.8M (revenue +14.8% year-over-year).
- 2016: Revenue of $848.7M, expenses of $840.7M, and assets of $215.8M (revenue +4.0% year-over-year).
- 2015: Revenue of $816.4M, expenses of $844.1M, and assets of $199.3M (revenue +1.0% year-over-year).
- 2014: Revenue of $808.7M, expenses of $803.4M, and assets of $215.7M (revenue +21.2% year-over-year).
- 2013: Revenue of $667.4M, expenses of $641.3M, and assets of $207.0M (revenue +26.3% year-over-year).
- 2012: Revenue of $528.5M, expenses of $526.5M, and assets of $153.9M (revenue +31.7% year-over-year).
- 2011: Revenue of $401.3M, expenses of $413.0M, and assets of $148.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elderplan Inc:
Data Sources and Methodology
This transparency report for Elderplan 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.