Luther Oaks Inc

Luther Oaks Inc. consistently operates at a deficit with liabilities significantly exceeding assets.

EIN: 202117469 · Bloomington, IL · Updated: 2026-03-28

$13.0MRevenue

$31.0MAssets

55/100Mission Score (Fair)

Is Luther Oaks Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

ModerateTransparency

3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Luther Oaks Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Luther Oaks Inc

Luther Oaks Inc (EIN: 202117469) is a nonprofit organization based in Bloomington, IL. The organization reported total revenue of $13.0M and total assets of $31.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Luther Oaks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Luther Oaks Inc. demonstrates consistent operational deficits over the past several years, with expenses regularly exceeding revenue. For instance, in fiscal year 2023, expenses were $12,048,976 against revenues of $11,569,488, indicating a deficit of nearly $500,000. This trend is observable across all provided filings, suggesting a reliance on other funding sources or a draw-down on reserves. The organization's liabilities consistently exceed its assets, with liabilities of $48,898,363 against assets of $33,010,778 in 2023, raising concerns about long-term financial stability and solvency. The absence of reported officer compensation across all filings is notable, potentially indicating that executive compensation is not reported in this section or that the organization relies heavily on volunteer leadership or compensation is structured differently.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Luther Oaks Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Luther Oaks Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with annual revenues exceeding $10 million. This could indicate that executive compensation is not reported in this specific section, is covered by a related entity, or the organization relies on volunteer leadership.

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 Luther Oaks Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue) across multiple years, e.g., $12,048,976 expenses vs. $11,569,488 revenue in 2023.
Liabilities significantly exceed assets, indicating a negative net asset position (e.g., $48,898,363 liabilities vs. $33,010,778 assets in 2023).
0% reported officer compensation across all filings, which is unusual for an organization of this size and could indicate a lack of transparency in executive pay reporting.

Strengths

The following positive indicators were identified for Luther Oaks Inc:

Consistent revenue growth over the past decade, from $6,596,545 in 2014 to $11,569,488 in 2023, indicating increasing demand for services or successful fundraising efforts.
Long operating history with 13 filings, suggesting established presence and experience in its sector.

Frequently Asked Questions about Luther Oaks Inc

Is Luther Oaks Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Luther Oaks Inc (EIN: 202117469) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.

How does Luther Oaks Inc spend its money?

Luther Oaks Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Luther Oaks Inc tax-deductible?

Luther Oaks Inc is registered as a tax-exempt nonprofit (EIN: 202117469). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Luther Oaks Inc. financially stable given its consistent deficits?

The organization has consistently reported expenses exceeding revenue, leading to operational deficits. For example, in 2023, expenses were $12,048,976 while revenue was $11,569,488. This trend, coupled with liabilities significantly exceeding assets (e.g., $48,898,363 in liabilities vs. $33,010,778 in assets in 2023), suggests potential long-term financial stability concerns.

Why is officer compensation reported as 0% across all filings?

The consistent reporting of 0% officer compensation is unusual for an organization of this scale. It could mean that executive compensation is not reported under this specific line item on the 990, is paid by a related entity, or the organization primarily relies on volunteer leadership for its executive functions.

What is the source of funding that covers the operational deficits?

Given the consistent operational deficits (e.g., $479,488 in 2023), the organization must be covering these shortfalls through other means, such as drawing down on reserves, receiving significant non-operating income not reflected in the revenue figures, or through capital contributions. Further investigation into their Statement of Activities would be necessary to understand this.

How does the organization plan to address its significant liabilities relative to assets?

The organization's liabilities have consistently been much higher than its assets, for example, $48,898,363 in liabilities compared to $33,010,778 in assets in 2023. This indicates a negative net asset position, which is a significant financial concern and suggests a need for a clear strategy to improve its balance sheet.

Filing History

IRS 990 filing history for Luther Oaks Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Luther Oaks Inc's revenue has grown by 120.2%, moving from $5.3M to $11.6M. Total assets decreased by 1.6% over the same period, from $33.5M to $33.0M. Total functional expenses rose by 58%, from $7.6M to $12.0M. In its most recent filing year (2023), Luther Oaks Inc reported a deficit of $479K, with expenses exceeding revenue. The organization holds $48.9M in liabilities against $33.0M in assets (debt-to-asset ratio: 148.1%), resulting in net assets of $-15,887,585.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$11.6M	$12.0M	$33.0M	$48.9M	—	View 990
2022	$10.9M	$11.1M	$32.6M	$47.9M	—	View 990
2021	$10.5M	$10.7M	$35.3M	$50.5M	—	View 990
2020	$9.8M	$10.0M	$35.5M	$50.4M	—	View 990
2019	$9.3M	$9.6M	$35.8M	$50.3M	—	View 990
2018	$8.7M	$10.0M	$35.6M	$50.0M	—	View 990
2017	$7.8M	$8.9M	$36.0M	$49.0M	—	View 990
2016	$7.1M	$7.3M	$38.6M	$50.5M	—	View 990
2015	$6.9M	$7.3M	$33.1M	$44.8M	—	View 990
2014	$6.6M	$7.6M	$32.0M	$43.2M	—	View 990
2013	$6.9M	$7.3M	$31.9M	$42.1M	—	View 990
2012	$6.2M	$7.5M	$33.1M	$42.8M	—	View 990
2011	$5.3M	$7.6M	$33.5M	$42.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $11.6M, expenses of $12.0M, and assets of $33.0M (revenue +5.9% year-over-year).
2022: Revenue of $10.9M, expenses of $11.1M, and assets of $32.6M (revenue +4.2% year-over-year).
2021: Revenue of $10.5M, expenses of $10.7M, and assets of $35.3M (revenue +7.2% year-over-year).
2020: Revenue of $9.8M, expenses of $10.0M, and assets of $35.5M (revenue +5.1% year-over-year).
2019: Revenue of $9.3M, expenses of $9.6M, and assets of $35.8M (revenue +6.3% year-over-year).
2018: Revenue of $8.7M, expenses of $10.0M, and assets of $35.6M (revenue +12.3% year-over-year).
2017: Revenue of $7.8M, expenses of $8.9M, and assets of $36.0M (revenue +9.8% year-over-year).
2016: Revenue of $7.1M, expenses of $7.3M, and assets of $38.6M (revenue +2.9% year-over-year).
2015: Revenue of $6.9M, expenses of $7.3M, and assets of $33.1M (revenue +4.4% year-over-year).
2014: Revenue of $6.6M, expenses of $7.6M, and assets of $32.0M (revenue -3.8% year-over-year).
2013: Revenue of $6.9M, expenses of $7.3M, and assets of $31.9M (revenue +10.3% year-over-year).
2012: Revenue of $6.2M, expenses of $7.5M, and assets of $33.1M (revenue +18.3% year-over-year).
2011: Revenue of $5.3M, expenses of $7.6M, and assets of $33.5M.

Data Sources and Methodology

This transparency report for Luther Oaks 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.