Old Oaks Country Club Inc
Old Oaks Country Club Inc. consistently spends more than it earns, accumulating significant liabilities.
EIN: 131723545 · Purchase, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $16.7M |
| Total Expenses | $17.7M |
| Program Spending | 70% |
| Net Assets | $-7,761,911 |
| Transparency Score | 30/100 |
Search Intent Cockpit
Old Oaks Country Club Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Old Oaks Country Club Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Old Oaks Country Club Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $14.7M and expenses of $17.7M.
Revenue and Expenses
Old Oaks Country Club Inc reported $14.7M in revenue and $17.7M in expenses, a deficit of $3.0M.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
30/100 mission score, 4 red flags, and 2 strengths are shown from structured and AI review.
Is Old Oaks Country Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $12.4M (70%) |
Across stored filings, Old Oaks Country Club Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Significant Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade D | 13 stored filing years |
| Peer context | Compare with Healthy Capital District Initiative | New York and category context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
Open charity check →Peer Benchmark
Compare against real state and category peers.
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Local and Sector Spokes
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Purchase, NY nonprofitsFollow the Money
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Keep the Investigation Moving
Old Oaks Country Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Old Oaks Country Club Inc
Old Oaks Country Club Inc (EIN: 131723545) is a nonprofit organization based in Purchase, NY. The organization reported total revenue of $16.7M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Oaks Country Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Oaks Country Club Inc is a large nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.7M |
| Total Expenses | $17.7M |
| Surplus / Deficit | $-3,034,584 |
| Total Assets | $3.8M |
| Total Liabilities | $11.5M |
| Net Assets | $-7,761,911 |
| Operating Margin | -20.7% |
| Debt-to-Asset Ratio | 306.2% |
| Months of Reserves | 2.6 months |
Financial Health Grade: D
In 2023, Old Oaks Country Club Inc reported a deficit of $3.0M with expenses exceeding revenue, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 306.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Old Oaks Country Club Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.1% | +10.5% | +3.0% |
| 2022 | +11.8% | +27.4% | -0.6% |
| 2021 | +24.5% | +11.7% | +40.3% |
| 2020 | -5.0% | -7.7% | -4.8% |
| 2019 | +3.0% | -6.2% | +37.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1937 |
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 Old Oaks Country Club Inc with a Mission Score of 30 out of 100 (Poor). 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, Old Oaks Country Club 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 deficit of $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 306.2%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, suggesting that top executives may not be directly compensated or their compensation is categorized differently, which could impact the transparency of leadership costs.
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 Old Oaks Country Club Inc's IRS 990 filings:
- Consistent operating deficits, with expenses frequently exceeding revenue (e.g., 202311: $17.7M expenses vs. $14.7M revenue).
- Rapidly increasing liabilities, reaching $11,526,064 in 202311, significantly higher than assets.
- Unknown NTEE code, making it difficult to assess program focus and compare efficiency.
- Lack of detailed program spending information, hindering assessment of charitable impact.
Strengths
The following positive indicators were identified for Old Oaks Country Club Inc:
- Consistent revenue generation, with annual revenues generally increasing over the past decade (e.g., from $8.9M in 201411 to $14.7M in 202311).
- Assets have shown growth over time, from $952,535 in 201511 to $3,764,153 in 202311.
Frequently Asked Questions about Old Oaks Country Club Inc
Is Old Oaks Country Club Inc a legitimate charity?
Old Oaks Country Club Inc (EIN: 131723545) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 30/100. It has 13 years of IRS 990 filings on record. Total revenue: $16.7M. 4 red flags identified. 2 strengths noted. Financial health grade: D.
How does Old Oaks Country Club Inc spend its money?
Old Oaks Country Club Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Old Oaks Country Club Inc tax-deductible?
Old Oaks Country Club Inc is registered as a tax-exempt nonprofit (EIN: 131723545). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Old Oaks Country Club Inc's spending goes to programs?
Old Oaks Country Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Old Oaks Country Club Inc located?
Old Oaks Country Club Inc is headquartered in Purchase, New York and files with the IRS under EIN 131723545.
How many years of IRS 990 filings does Old Oaks Country Club Inc have?
Old Oaks Country Club 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 $16.7M in total revenue.
What is the specific mission and program service of Old Oaks Country Club Inc. as a nonprofit?
The NTEE code is unknown, and the filings do not provide sufficient detail to understand its specific program services or how it fulfills a charitable mission beyond operating a country club.
Why do expenses frequently exceed revenue, as seen in the 202311 period with $17,699,400 in expenses against $14,664,816 in revenue?
The consistent pattern of expenses exceeding revenue suggests the organization may be drawing on reserves, incurring debt, or relying on other non-revenue income sources to cover operational costs.
What is the nature of the significant and growing liabilities, which reached $11,526,064 in 202311?
The filings do not detail the nature of these liabilities, but their substantial increase relative to assets and revenue indicates a potentially high debt burden or other financial obligations.
How does Old Oaks Country Club Inc. sustain its operations with recurring deficits?
Sustaining operations with recurring deficits typically involves utilizing accumulated reserves, taking on new debt, or receiving capital contributions not classified as revenue.
Filing History
IRS 990 filing history for Old Oaks Country Club Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Old Oaks Country Club Inc's revenue has grown by 68.3%, moving from $8.7M to $14.7M. Total assets increased by 216.1% over the same period, from $1.2M to $3.8M. Total functional expenses rose by 52.7%, from $11.6M to $17.7M. In its most recent filing year (2023), Old Oaks Country Club Inc reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $11.5M in liabilities against $3.8M in assets (debt-to-asset ratio: 306.2%), resulting in net assets of $-7,761,911.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.7M | $17.7M | $3.8M | $11.5M | — | — |
| 2022 | $15.6M | $16.0M | $3.7M | $8.4M | — | View 990 |
| 2021 | $14.0M | $12.6M | $3.7M | $8.0M | — | View 990 |
| 2020 | $11.2M | $11.3M | $2.6M | $8.3M | — | — |
| 2019 | $11.8M | $12.2M | $2.8M | $8.4M | — | View 990 |
| 2018 | $11.5M | $13.0M | $2.0M | $7.3M | — | View 990 |
| 2017 | $9.9M | $11.3M | $1.1M | $4.9M | — | View 990 |
| 2016 | $9.9M | $11.0M | $1.3M | $3.6M | — | View 990 |
| 2015 | $9.2M | $9.6M | $953K | $2.2M | — | View 990 |
| 2014 | $9.0M | $8.8M | $1.1M | $2.0M | — | View 990 |
| 2013 | $9.2M | $8.7M | $1.4M | $2.4M | — | View 990 |
| 2012 | $8.9M | $8.9M | $1.6M | $3.1M | — | View 990 |
| 2011 | $8.7M | $11.6M | $1.2M | $2.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.7M, expenses of $17.7M, and assets of $3.8M (revenue -6.1% year-over-year).
- 2022: Revenue of $15.6M, expenses of $16.0M, and assets of $3.7M (revenue +11.8% year-over-year).
- 2021: Revenue of $14.0M, expenses of $12.6M, and assets of $3.7M (revenue +24.5% year-over-year).
- 2020: Revenue of $11.2M, expenses of $11.3M, and assets of $2.6M (revenue -5.0% year-over-year).
- 2019: Revenue of $11.8M, expenses of $12.2M, and assets of $2.8M (revenue +3.0% year-over-year).
- 2018: Revenue of $11.5M, expenses of $13.0M, and assets of $2.0M (revenue +16.1% year-over-year).
- 2017: Revenue of $9.9M, expenses of $11.3M, and assets of $1.1M (revenue -0.4% year-over-year).
- 2016: Revenue of $9.9M, expenses of $11.0M, and assets of $1.3M (revenue +7.2% year-over-year).
- 2015: Revenue of $9.2M, expenses of $9.6M, and assets of $953K (revenue +3.1% year-over-year).
- 2014: Revenue of $9.0M, expenses of $8.8M, and assets of $1.1M (revenue -2.4% year-over-year).
- 2013: Revenue of $9.2M, expenses of $8.7M, and assets of $1.4M (revenue +3.8% year-over-year).
- 2012: Revenue of $8.9M, expenses of $8.9M, and assets of $1.6M (revenue +1.8% year-over-year).
- 2011: Revenue of $8.7M, expenses of $11.6M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Oaks Country Club Inc:
Data Sources and Methodology
This transparency report for Old Oaks Country Club 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.