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

$16.7MRevenue

$3.2MAssets

30/100Mission Score (Poor)

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.

AI Transparency Report

Old Oaks Country Club Inc. operates with a consistent pattern of expenses often exceeding revenue, as seen in the 202311 period where expenses were $17,699,400 against revenues of $14,664,816, resulting in a deficit. This trend is visible in multiple years, suggesting that the organization may rely on other funding sources or draw down reserves to cover operational costs. The organization's assets have shown growth over the years, from $952,535 in 201511 to $3,764,153 in 202311, indicating some capital accumulation. However, liabilities have also significantly increased, reaching $11,526,064 in 202311, which is a substantial amount relative to its assets and annual revenue. This high level of liabilities could pose a financial risk.

The NTEE code is unknown, which limits the ability to assess its program focus and compare its spending efficiency against similar organizations. Without a clear understanding of its mission and program activities, it's difficult to evaluate the effectiveness of its spending. The consistent reporting of 0% officer compensation across all available filings suggests either that officers are not compensated, or their compensation is reported in a different category, which could impact transparency regarding leadership costs.

Given the nature of a 'country club,' it's important to note that while it files as a nonprofit, its primary activities are likely member services rather than public charitable programs. This context is crucial for interpreting its financial health and spending. The consistent deficits and growing liabilities warrant close monitoring, but without program details, a full assessment of its 'charitable' efficiency is not possible.

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.

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

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.	PDF
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.

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.