Lutheran Home At Trinity Oaks Property Inc
Lutheran Home At Trinity Oaks Property Inc consistently generates significant surpluses and grows assets, with no reported officer compensation.
EIN: 201457796 · Salisbury, NC · Updated: 2026-03-28
Is Lutheran Home At Trinity Oaks Property 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 Property Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lutheran Home At Trinity Oaks Property Inc
Lutheran Home At Trinity Oaks Property Inc (EIN: 201457796) is a nonprofit organization based in Salisbury, NC. The organization reported total revenue of $780K and total assets of $11.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lutheran Home At Trinity Oaks Property 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 Property Inc is a small 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 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $753K |
| Total Expenses | $451K |
| Surplus / Deficit | +$301K |
| Total Assets | $10.9M |
| Total Liabilities | $1.3M |
| Net Assets | $9.7M |
| Operating Margin | 40.0% |
| Debt-to-Asset Ratio | 11.6% |
| Months of Reserves | 290.4 months |
Financial Health Grade: A
In 2023, Lutheran Home At Trinity Oaks Property Inc reported a surplus of $301K with revenue exceeding expenses, holds 290.4 months of operating reserves (strong position), has a debt-to-asset ratio of 11.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Lutheran Home At Trinity Oaks Property Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.3% | +11.4% | +6.1% |
| 2022 | -13.2% | +6.8% | -6.2% |
| 2021 | -0.9% | +11.4% | +11.4% |
| 2020 | +33.0% | +42.6% | +24.2% |
| 2019 | +31.8% | -1.5% | +14.2% |
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 Property Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lutheran Home At Trinity Oaks Property Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $301K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.6%.
Executive Compensation Analysis
No officer compensation has been reported in any of the provided IRS 990 filings, suggesting either a volunteer executive leadership or that compensation is not separately disclosed, which limits transparency regarding leadership costs relative to the organization's size and revenue (e.g., $752,601 in 2023).
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 Property Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
- No reported officer compensation, which could obscure leadership costs if not volunteer-led
Strengths
The following positive indicators were identified for Lutheran Home At Trinity Oaks Property Inc:
- Consistent revenue surpluses over expenses (e.g., $752,601 revenue vs. $451,494 expenses in 2023)
- Strong and consistent asset growth over the past decade (from $5.6M in 2014 to $10.9M in 2023)
- Healthy financial position with liabilities significantly lower than assets (e.g., $1,271,613 liabilities vs. $10,924,888 assets in 2023)
Frequently Asked Questions about Lutheran Home At Trinity Oaks Property Inc
Is Lutheran Home At Trinity Oaks Property Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Lutheran Home At Trinity Oaks Property Inc (EIN: 201457796) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Lutheran Home At Trinity Oaks Property Inc spend its money?
Lutheran Home At Trinity Oaks Property Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lutheran Home At Trinity Oaks Property Inc tax-deductible?
Lutheran Home At Trinity Oaks Property Inc is registered as a tax-exempt nonprofit (EIN: 201457796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lutheran Home At Trinity Oaks Property Inc a good charity?
Based on the available financial data, the organization demonstrates strong financial health with consistent revenue surpluses and significant asset growth. However, a definitive 'good charity' assessment is limited by the lack of detailed expense breakdowns (program vs. admin/fundraising) and the absence of reported officer compensation, which are key factors in evaluating efficiency and transparency.
How does Lutheran Home At Trinity Oaks Property Inc manage its finances?
The organization appears to manage its finances prudently, consistently generating more revenue than expenses. For instance, in 2023, revenue was $752,601 against expenses of $451,494, resulting in a substantial surplus. This has led to a steady increase in assets, from $5.6 million in 2014 to over $10.9 million in 2023.
What is the trend in Lutheran Home At Trinity Oaks Property Inc's assets?
The organization has shown a strong and consistent upward trend in assets, growing from $5,659,294 in 2014 to $10,924,888 in 2023, nearly doubling its asset base over the decade. This indicates robust financial growth and accumulation of resources.
Filing History
IRS 990 filing history for Lutheran Home At Trinity Oaks Property Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lutheran Home At Trinity Oaks Property Inc's revenue has grown by 112%, moving from $355K to $753K. Total assets increased by 116.6% over the same period, from $5.0M to $10.9M. Total functional expenses rose by 37.4%, from $329K to $451K. In its most recent filing year (2023), Lutheran Home At Trinity Oaks Property Inc reported a surplus of $301K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $10.9M in assets (debt-to-asset ratio: 11.6%), resulting in net assets of $9.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $753K | $451K | $10.9M | $1.3M | — | View 990 |
| 2022 | $755K | $405K | $10.3M | $1.3M | — | View 990 |
| 2021 | $870K | $380K | $11.0M | $1.5M | — | View 990 |
| 2020 | $878K | $341K | $9.9M | $1.3M | — | — |
| 2019 | $660K | $239K | $7.9M | $71K | — | View 990 |
| 2018 | $501K | $243K | $6.9M | $-60,960 | — | View 990 |
| 2017 | $475K | $260K | $6.7M | $53K | — | View 990 |
| 2016 | $694K | $277K | $6.2M | $53K | — | View 990 |
| 2015 | $531K | $318K | $5.7M | $53K | — | View 990 |
| 2014 | $492K | $304K | $5.7M | $53K | — | View 990 |
| 2013 | $518K | $295K | $5.5M | $61K | — | View 990 |
| 2012 | $360K | $311K | $5.2M | $31K | — | View 990 |
| 2011 | $355K | $329K | $5.0M | $214 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $753K, expenses of $451K, and assets of $10.9M (revenue -0.3% year-over-year).
- 2022: Revenue of $755K, expenses of $405K, and assets of $10.3M (revenue -13.2% year-over-year).
- 2021: Revenue of $870K, expenses of $380K, and assets of $11.0M (revenue -0.9% year-over-year).
- 2020: Revenue of $878K, expenses of $341K, and assets of $9.9M (revenue +33.0% year-over-year).
- 2019: Revenue of $660K, expenses of $239K, and assets of $7.9M (revenue +31.8% year-over-year).
- 2018: Revenue of $501K, expenses of $243K, and assets of $6.9M (revenue +5.5% year-over-year).
- 2017: Revenue of $475K, expenses of $260K, and assets of $6.7M (revenue -31.6% year-over-year).
- 2016: Revenue of $694K, expenses of $277K, and assets of $6.2M (revenue +30.7% year-over-year).
- 2015: Revenue of $531K, expenses of $318K, and assets of $5.7M (revenue +7.9% year-over-year).
- 2014: Revenue of $492K, expenses of $304K, and assets of $5.7M (revenue -5.0% year-over-year).
- 2013: Revenue of $518K, expenses of $295K, and assets of $5.5M (revenue +43.9% year-over-year).
- 2012: Revenue of $360K, expenses of $311K, and assets of $5.2M (revenue +1.3% year-over-year).
- 2011: Revenue of $355K, expenses of $329K, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lutheran Home At Trinity Oaks Property Inc:
Data Sources and Methodology
This transparency report for Lutheran Home At Trinity Oaks Property 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.