Onamia Area Assisted Living
EIN: 300282702 · Onamia, MN · NTEE: E99
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Net Assets | $-2,180,721 |
Is Onamia Area Assisted Living Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Onamia Area Assisted Living
Onamia Area Assisted Living (EIN: 300282702) is a nonprofit organization based in Onamia, MN, classified under NTEE code E99. The organization reported total revenue of $1.5M and total assets of $751K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Onamia Area Assisted Living's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Onamia Area Assisted Living is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-172,941 |
| Total Assets | $1.1M |
| Total Liabilities | $3.3M |
| Net Assets | $-2,180,721 |
| Operating Margin | -11.5% |
| Debt-to-Asset Ratio | 297.9% |
| Months of Reserves | 7.9 months |
Financial Health Grade: C
In 2023, Onamia Area Assisted Living reported a deficit of $173K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 297.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Onamia Area Assisted Living's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.4% | +3.9% | -13.7% |
| 2022 | +9.5% | +8.7% | -21.8% |
| 2021 | -4.1% | -2.0% | -0.3% |
| 2020 | +10.0% | +1.1% | -8.9% |
| 2019 | -10.8% | -0.8% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Onamia Area Assisted Living 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 Onamia Area Assisted Living 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 $173K, with expenses exceeding revenue.
- Debt-to-asset ratio: 297.9%.
Frequently Asked Questions about Onamia Area Assisted Living
Is Onamia Area Assisted Living a legitimate charity?
Based on AI analysis of IRS 990 filings, Onamia Area Assisted Living (EIN: 300282702) insufficient data. 0 red flags identified, 0 strengths noted.
How does Onamia Area Assisted Living spend its money?
Detailed spending breakdown data is not yet available for Onamia Area Assisted Living. Check back for updated IRS 990 analysis.
Are donations to Onamia Area Assisted Living tax-deductible?
Onamia Area Assisted Living is registered as a tax-exempt nonprofit (EIN: 300282702). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Onamia Area Assisted Living located?
Onamia Area Assisted Living is headquartered in Onamia, Minnesota and files with the IRS under EIN 300282702. It is classified under NTEE code E99.
How many years of IRS 990 filings does Onamia Area Assisted Living have?
Onamia Area Assisted Living 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 $1.5M in total revenue.
Filing History
IRS 990 filing history for Onamia Area Assisted Living showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Onamia Area Assisted Living's revenue has grown by 29.7%, moving from $1.2M to $1.5M. Total assets decreased by 70.1% over the same period, from $3.7M to $1.1M. Total functional expenses rose by 24.8%, from $1.3M to $1.7M. In its most recent filing year (2023), Onamia Area Assisted Living reported a deficit of $173K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $1.1M in assets (debt-to-asset ratio: 297.9%), resulting in net assets of $-2,180,721.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.7M | $1.1M | $3.3M | — | — |
| 2022 | $1.5M | $1.6M | $1.3M | $3.3M | — | View 990 |
| 2021 | $1.4M | $1.5M | $1.6M | $3.5M | — | View 990 |
| 2020 | $1.4M | $1.5M | $1.6M | $3.4M | — | View 990 |
| 2019 | $1.3M | $1.5M | $1.8M | $3.5M | — | View 990 |
| 2018 | $1.5M | $1.5M | $2.0M | $3.5M | — | View 990 |
| 2017 | $1.3M | $1.4M | $2.2M | $3.7M | — | View 990 |
| 2016 | $1.3M | $1.4M | $2.7M | $3.9M | — | View 990 |
| 2015 | $1.2M | $1.3M | $2.9M | $4.1M | — | View 990 |
| 2014 | $1.2M | $1.3M | $3.1M | $4.1M | — | View 990 |
| 2013 | $1.3M | $1.3M | $3.4M | $4.2M | — | View 990 |
| 2012 | $1.3M | $1.3M | $3.5M | $4.3M | — | View 990 |
| 2011 | $1.2M | $1.3M | $3.7M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $1.1M (revenue +0.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.6M, and assets of $1.3M (revenue +9.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.5M, and assets of $1.6M (revenue -4.1% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $1.6M (revenue +10.0% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $1.8M (revenue -10.8% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $2.0M (revenue +14.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $2.2M (revenue -5.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.4M, and assets of $2.7M (revenue +11.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $2.9M (revenue +5.3% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $3.1M (revenue -13.0% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $3.4M (revenue +5.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $3.5M (revenue +7.9% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Onamia Area Assisted Living:
Data Sources and Methodology
This transparency report for Onamia Area Assisted Living 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.