Lutheran Home At Trinity Oaks Inc
Lutheran Home At Trinity Oaks Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 201457824 · Salisbury, NC · Updated: 2026-03-28
Is Lutheran Home At Trinity Oaks Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lutheran Home At Trinity Oaks Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lutheran Home At Trinity Oaks Inc
Lutheran Home At Trinity Oaks Inc (EIN: 201457824) is a nonprofit organization based in Salisbury, NC. The organization reported total revenue of $16.2M and total assets of $23.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Home At Trinity Oaks Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lutheran Home At Trinity Oaks Inc is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.3M |
| Total Expenses | $13.4M |
| Surplus / Deficit | +$847K |
| Total Assets | $19.7M |
| Total Liabilities | $854K |
| Net Assets | $18.9M |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 4.3% |
| Months of Reserves | 17.6 months |
Financial Health Grade: A
In 2023, Lutheran Home At Trinity Oaks Inc reported a surplus of $847K with revenue exceeding expenses, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 4.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Home At Trinity Oaks Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.8% | +7.5% | +8.1% |
| 2022 | +15.8% | +5.4% | +12.4% |
| 2021 | +5.9% | +2.0% | +14.8% |
| 2020 | +10.6% | +3.1% | +18.9% |
| 2019 | -3.6% | -7.3% | +2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1988 |
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 Lutheran Home At Trinity Oaks Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Lutheran Home At Trinity Oaks Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $847K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is reported for officers in this specific field, which is unusual for an organization of this size with over $14 million in annual revenue.
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 Lutheran Home At Trinity Oaks Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this scale and may warrant further inquiry into executive compensation practices.
Strengths
The following positive indicators were identified for Lutheran Home At Trinity Oaks Inc:
- Consistent revenue growth, increasing from $10.9M in 2014 to $14.2M in 2023.
- Strong asset accumulation, nearly doubling from $8.3M in 2014 to $19.7M in 2023.
- Expenses consistently below revenue, indicating sound financial management and surpluses.
- Low liabilities relative to assets, suggesting a healthy balance sheet.
- No reported officer compensation, indicating potential volunteer leadership or a highly efficient compensation structure.
Frequently Asked Questions about Lutheran Home At Trinity Oaks Inc
Is Lutheran Home At Trinity Oaks Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lutheran Home At Trinity Oaks Inc (EIN: 201457824) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Lutheran Home At Trinity Oaks Inc spend its money?
Lutheran Home At Trinity Oaks Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lutheran Home At Trinity Oaks Inc tax-deductible?
Lutheran Home At Trinity Oaks Inc is registered as a tax-exempt nonprofit (EIN: 201457824). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lutheran Home At Trinity Oaks Inc a good charity?
Based on the available financial data, Lutheran Home At Trinity Oaks Inc appears to be a financially healthy and well-managed organization, demonstrating consistent growth in revenue and assets, and a commitment to not reporting officer compensation. However, a full assessment would benefit from a detailed breakdown of program spending.
How has Lutheran Home At Trinity Oaks Inc's financial health changed over the last decade?
Lutheran Home At Trinity Oaks Inc has shown significant financial improvement over the last decade, with revenue increasing from $10,957,354 in 2014 to $14,293,207 in 2023, and assets more than doubling from $8,324,513 to $19,745,738 in the same period.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that either the organization's officers are unpaid volunteers, or their compensation is reported under a different category not captured by 'Officer Comp' in the provided data, or it's a specific reporting choice. It indicates a high level of transparency in this specific field, but further investigation might be needed to understand the full compensation structure.
Filing History
IRS 990 filing history for Lutheran Home At Trinity Oaks Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Home At Trinity Oaks Inc's revenue has grown by 29.2%, moving from $11.1M to $14.3M. Total assets increased by 193.9% over the same period, from $6.7M to $19.7M. Total functional expenses rose by 28.8%, from $10.4M to $13.4M. In its most recent filing year (2023), Lutheran Home At Trinity Oaks Inc reported a surplus of $847K, with revenue exceeding expenses. The organization holds $854K in liabilities against $19.7M in assets (debt-to-asset ratio: 4.3%), resulting in net assets of $18.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.3M | $13.4M | $19.7M | $854K | — | View 990 |
| 2022 | $16.0M | $12.5M | $18.3M | $850K | — | View 990 |
| 2021 | $13.8M | $11.9M | $16.3M | $799K | — | View 990 |
| 2020 | $13.1M | $11.6M | $14.2M | $1.5M | — | — |
| 2019 | $11.8M | $11.3M | $11.9M | $926K | — | View 990 |
| 2018 | $12.2M | $12.2M | $11.6M | $938K | — | View 990 |
| 2017 | $12.3M | $11.6M | $11.3M | $955K | — | View 990 |
| 2016 | $12.9M | $11.4M | $9.9M | $599K | — | View 990 |
| 2015 | $11.4M | $11.2M | $8.2M | $697K | — | View 990 |
| 2014 | $11.0M | $10.9M | $8.3M | $735K | — | View 990 |
| 2013 | $11.1M | $10.4M | $8.3M | $866K | — | View 990 |
| 2012 | $11.4M | $10.9M | $7.6M | $879K | — | View 990 |
| 2011 | $11.1M | $10.4M | $6.7M | $739K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.3M, expenses of $13.4M, and assets of $19.7M (revenue -10.8% year-over-year).
- 2022: Revenue of $16.0M, expenses of $12.5M, and assets of $18.3M (revenue +15.8% year-over-year).
- 2021: Revenue of $13.8M, expenses of $11.9M, and assets of $16.3M (revenue +5.9% year-over-year).
- 2020: Revenue of $13.1M, expenses of $11.6M, and assets of $14.2M (revenue +10.6% year-over-year).
- 2019: Revenue of $11.8M, expenses of $11.3M, and assets of $11.9M (revenue -3.6% year-over-year).
- 2018: Revenue of $12.2M, expenses of $12.2M, and assets of $11.6M (revenue -0.4% year-over-year).
- 2017: Revenue of $12.3M, expenses of $11.6M, and assets of $11.3M (revenue -5.0% year-over-year).
- 2016: Revenue of $12.9M, expenses of $11.4M, and assets of $9.9M (revenue +13.2% year-over-year).
- 2015: Revenue of $11.4M, expenses of $11.2M, and assets of $8.2M (revenue +4.4% year-over-year).
- 2014: Revenue of $11.0M, expenses of $10.9M, and assets of $8.3M (revenue -1.1% year-over-year).
- 2013: Revenue of $11.1M, expenses of $10.4M, and assets of $8.3M (revenue -2.8% year-over-year).
- 2012: Revenue of $11.4M, expenses of $10.9M, and assets of $7.6M (revenue +3.1% year-over-year).
- 2011: Revenue of $11.1M, expenses of $10.4M, and assets of $6.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Home At Trinity Oaks Inc:
Data Sources and Methodology
This transparency report for Lutheran Home At Trinity 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.