Ollie Community Retirement Corp
EIN: 421111103 · North English, IA
| Metric | Value |
|---|---|
| Total Revenue | $53K |
| Total Expenses | $56K |
| Net Assets | $64K |
Is Ollie Community Retirement Corp Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ollie Community Retirement Corp
Ollie Community Retirement Corp (EIN: 421111103) is a nonprofit organization based in North English, IA. The organization reported total revenue of $53K and total assets of $174K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ollie Community Retirement Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ollie Community Retirement Corp is a micro nonprofit, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $56K |
| Surplus / Deficit | $-1,840 |
| Total Assets | $187K |
| Total Liabilities | $123K |
| Net Assets | $64K |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 65.9% |
| Months of Reserves | 39.9 months |
Financial Health Grade: C
In 2023, Ollie Community Retirement Corp reported a deficit of $2K with expenses exceeding revenue, holds 39.9 months of operating reserves (strong position), has a debt-to-asset ratio of 65.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ollie Community Retirement Corp's revenue has declined at a compound annual growth rate (CAGR) of -3.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.2% | +9.3% | -1.6% |
| 2022 | +3.3% | -17.2% | +3.2% |
| 2021 | +0.1% | +25.8% | -3.4% |
| 2020 | +11.6% | -24.0% | +3.3% |
| 2019 | -1.0% | +13.7% | -7.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ollie Community Retirement Corp has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ollie Community Retirement Corp with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 65.9%.
Frequently Asked Questions about Ollie Community Retirement Corp
Is Ollie Community Retirement Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Ollie Community Retirement Corp (EIN: 421111103) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ollie Community Retirement Corp spend its money?
Detailed spending breakdown data is not yet available for Ollie Community Retirement Corp. Check back for updated IRS 990 analysis.
Are donations to Ollie Community Retirement Corp tax-deductible?
Ollie Community Retirement Corp is registered as a tax-exempt nonprofit (EIN: 421111103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ollie Community Retirement Corp located?
Ollie Community Retirement Corp is headquartered in North English, Iowa and files with the IRS under EIN 421111103.
How many years of IRS 990 filings does Ollie Community Retirement Corp have?
Ollie Community Retirement Corp 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 $53K in total revenue.
Filing History
IRS 990 filing history for Ollie Community Retirement Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ollie Community Retirement Corp's revenue has declined by 38.2%, moving from $88K to $54K. Total assets increased by 23.5% over the same period, from $152K to $187K. Total functional expenses fell by 29%, from $79K to $56K. In its most recent filing year (2023), Ollie Community Retirement Corp reported a deficit of $2K, with expenses exceeding revenue. The organization holds $123K in liabilities against $187K in assets (debt-to-asset ratio: 65.9%), resulting in net assets of $64K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54K | $56K | $187K | $123K | — | View 990 |
| 2022 | $59K | $52K | $190K | $125K | — | View 990 |
| 2021 | $57K | $62K | $184K | $126K | — | — |
| 2020 | $57K | $49K | $191K | $127K | — | View 990 |
| 2019 | $51K | $65K | $185K | $128K | — | View 990 |
| 2018 | $51K | $57K | $200K | $129K | — | View 990 |
| 2017 | $44K | $49K | $207K | $130K | — | View 990 |
| 2016 | $42K | $53K | $214K | $132K | — | View 990 |
| 2015 | $46K | $49K | $225K | $133K | — | View 990 |
| 2014 | $46K | $41K | $229K | $134K | — | View 990 |
| 2013 | $48K | $35K | $225K | $136K | — | View 990 |
| 2012 | $98K | $88K | $213K | $137K | — | View 990 |
| 2011 | $88K | $79K | $152K | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54K, expenses of $56K, and assets of $187K (revenue -7.2% year-over-year).
- 2022: Revenue of $59K, expenses of $52K, and assets of $190K (revenue +3.3% year-over-year).
- 2021: Revenue of $57K, expenses of $62K, and assets of $184K (revenue +0.1% year-over-year).
- 2020: Revenue of $57K, expenses of $49K, and assets of $191K (revenue +11.6% year-over-year).
- 2019: Revenue of $51K, expenses of $65K, and assets of $185K (revenue -1.0% year-over-year).
- 2018: Revenue of $51K, expenses of $57K, and assets of $200K (revenue +15.8% year-over-year).
- 2017: Revenue of $44K, expenses of $49K, and assets of $207K (revenue +4.4% year-over-year).
- 2016: Revenue of $42K, expenses of $53K, and assets of $214K (revenue -7.5% year-over-year).
- 2015: Revenue of $46K, expenses of $49K, and assets of $225K (revenue -0.5% year-over-year).
- 2014: Revenue of $46K, expenses of $41K, and assets of $229K (revenue -4.1% year-over-year).
- 2013: Revenue of $48K, expenses of $35K, and assets of $225K (revenue -51.2% year-over-year).
- 2012: Revenue of $98K, expenses of $88K, and assets of $213K (revenue +11.7% year-over-year).
- 2011: Revenue of $88K, expenses of $79K, and assets of $152K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ollie Community Retirement Corp:
Data Sources and Methodology
This transparency report for Ollie Community Retirement Corp 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.