Montgomery County Office For The Aging Inc
Montgomery County Office For The Aging Inc consistently directs 100% of reported officer compensation to programs, showing strong financial efficiency.
EIN: 141792216 · Amsterdam, NY · NTEE: P81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.1M |
| Program Spending | 95% |
| CEO/Top Officer Pay | $2,429,562 |
| Net Assets | $1.2M |
| Transparency Score | 95/100 |
Is Montgomery County Office For The Aging Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Montgomery County Office For The Aging Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Montgomery County Office For The Aging Inc
Montgomery County Office For The Aging Inc (EIN: 141792216) is a nonprofit organization based in Amsterdam, NY, classified under NTEE code P81. The organization reported total revenue of $2.4M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Montgomery County Office For The Aging Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Montgomery County Office For The Aging Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$35K |
| Total Assets | $1.7M |
| Total Liabilities | $512K |
| Net Assets | $1.2M |
| Operating Margin | 1.6% |
| Debt-to-Asset Ratio | 29.4% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2024, Montgomery County Office For The Aging Inc reported a surplus of $35K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 29.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Montgomery County Office For The Aging Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.4% | -0.2% | +3.8% |
| 2023 | +1.8% | +5.8% | +8.4% |
| 2022 | +3.1% | -4.2% | +14.8% |
| 2021 | +4.6% | +8.2% | -4.1% |
| 2020 | +2.9% | +9.8% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Montgomery County Office For The Aging 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Montgomery County Office For The Aging Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size (latest revenue $2,429,562) and suggests either volunteer leadership or compensation is covered by another entity, which would warrant further inquiry for full 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 Montgomery County Office For The Aging Inc's IRS 990 filings:
- Consistent 0% officer compensation may obscure how leadership is compensated, potentially indicating compensation through a related entity or significant volunteer hours not fully transparent in the 990.
Strengths
The following positive indicators were identified for Montgomery County Office For The Aging Inc:
- Strong program spending, with a very high percentage of expenses likely directed to direct services given the 0% officer compensation.
- Consistent revenue growth, from $1.46M in 2015 to $2.18M in 2024, indicating stable and increasing support.
- Healthy and growing asset base, increasing from $995,844 in 2015 to $1,742,551 in 2024, demonstrating financial stability.
- Low liabilities relative to assets, indicating a strong balance sheet and fiscal prudence.
- Consistent operational efficiency, with expenses generally tracking revenue and no significant deficits over the past decade.
Frequently Asked Questions about Montgomery County Office For The Aging Inc
Is Montgomery County Office For The Aging Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Montgomery County Office For The Aging Inc (EIN: 141792216) some concerns. Mission Score: 95/100. 1 red flag identified, 5 strengths noted.
How does Montgomery County Office For The Aging Inc spend its money?
Montgomery County Office For The Aging Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Montgomery County Office For The Aging Inc tax-deductible?
Montgomery County Office For The Aging Inc is registered as a tax-exempt nonprofit (EIN: 141792216). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Montgomery County Office For The Aging Inc CEO make?
Montgomery County Office For The Aging Inc's highest-compensated officer earns $2,429,562 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Montgomery County Office For The Aging Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Montgomery County Office For The Aging Inc is above average for NTEE category P81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Montgomery County Office For The Aging Inc located?
Montgomery County Office For The Aging Inc is headquartered in Amsterdam, New York and files with the IRS under EIN 141792216. It is classified under NTEE code P81.
How many years of IRS 990 filings does Montgomery County Office For The Aging Inc have?
Montgomery County Office For The Aging 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 $2.4M in total revenue.
How does Montgomery County Office For The Aging Inc manage to report 0% officer compensation given its size and operational scope?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual revenues exceeding $2 million. This could indicate that executive leadership is entirely volunteer-based, compensated by a related governmental entity, or that compensation is reported under a different expense category. Further investigation into their operational structure and funding sources would be beneficial to understand this aspect fully.
What is the primary source of funding for Montgomery County Office For The Aging Inc, given its NTEE code P81 (Services for the Elderly)?
Given its NTEE code P81 and consistent revenue, it is highly probable that a significant portion of its funding comes from government grants and contracts related to services for the elderly, such as state or federal programs like the Older Americans Act. This would align with its mission and the nature of its services.
Has the organization maintained a healthy financial reserve over time?
Yes, the organization has consistently maintained and grown its assets relative to liabilities. For instance, in 2015, assets were $995,844 against liabilities of $532,494, and by 2024, assets grew to $1,742,551 against liabilities of $512,315. This indicates a healthy and growing financial reserve.
Filing History
IRS 990 filing history for Montgomery County Office For The Aging Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Montgomery County Office For The Aging Inc's revenue has grown by 53%, moving from $1.4M to $2.2M. Total assets increased by 92.6% over the same period, from $905K to $1.7M. Total functional expenses rose by 40.7%, from $1.5M to $2.1M. In its most recent filing year (2024), Montgomery County Office For The Aging Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $512K in liabilities against $1.7M in assets (debt-to-asset ratio: 29.4%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.2M | $2.1M | $1.7M | $512K | — | View 990 |
| 2023 | $2.2M | $2.1M | $1.7M | $490K | — | View 990 |
| 2022 | $2.2M | $2.0M | $1.5M | $447K | — | View 990 |
| 2021 | $2.1M | $2.1M | $1.3M | $405K | — | View 990 |
| 2020 | $2.0M | $2.0M | $1.4M | $479K | — | View 990 |
| 2019 | $2.0M | $1.8M | $1.1M | $239K | — | View 990 |
| 2018 | $1.7M | $1.6M | $1.1M | $420K | — | View 990 |
| 2017 | $1.7M | $1.6M | $1.1M | $447K | — | View 990 |
| 2016 | $1.6M | $1.5M | $990K | $444K | — | View 990 |
| 2015 | $1.5M | $1.4M | $996K | $532K | — | View 990 |
| 2014 | $1.5M | $1.4M | $841K | $472K | — | View 990 |
| 2013 | $1.4M | $1.4M | $871K | $537K | — | View 990 |
| 2012 | $1.4M | $1.5M | $905K | $612K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.2M, expenses of $2.1M, and assets of $1.7M (revenue -2.4% year-over-year).
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $1.7M (revenue +1.8% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.0M, and assets of $1.5M (revenue +3.1% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.1M, and assets of $1.3M (revenue +4.6% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.0M, and assets of $1.4M (revenue +2.9% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $1.1M (revenue +17.3% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M (revenue -0.7% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.6M, and assets of $1.1M (revenue +7.6% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $990K (revenue +8.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $996K (revenue +0.2% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $841K (revenue +3.4% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $871K (revenue -1.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.5M, and assets of $905K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Montgomery County Office For The Aging Inc:
Data Sources and Methodology
This transparency report for Montgomery County Office For The Aging 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.