Retirement Community Of Fairbanks
Retirement Community Of Fairbanks consistently operates with deficits, relying on substantial assets.
EIN: 201253962 · Fairbanks, AK · NTEE: L22 · Updated: 2026-03-28
Is Retirement Community Of Fairbanks Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Retirement Community Of Fairbanks directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Retirement Community Of Fairbanks
Retirement Community Of Fairbanks (EIN: 201253962) is a nonprofit organization based in Fairbanks, AK, classified under NTEE code L22. The organization reported total revenue of $3.8M and total assets of $24.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Retirement Community Of Fairbanks's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Retirement Community Of Fairbanks is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.8M |
| Surplus / Deficit | $-323,046 |
| Total Assets | $24.7M |
| Total Liabilities | $13.6M |
| Net Assets | $11.1M |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 55.2% |
| Months of Reserves | 78.3 months |
Financial Health Grade: C
In 2024, Retirement Community Of Fairbanks reported a deficit of $323K with expenses exceeding revenue, holds 78.3 months of operating reserves (strong position), has a debt-to-asset ratio of 55.2% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Retirement Community Of Fairbanks's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.6% | +13.4% | -3.0% |
| 2023 | +6.3% | +2.3% | -1.8% |
| 2022 | -3.7% | +3.2% | -2.9% |
| 2021 | -7.4% | -10.5% | -1.9% |
| 2020 | -0.4% | +1.2% | -2.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Retirement Community Of Fairbanks with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Retirement Community Of Fairbanks allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 deficit of $323K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.2%.
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 this size with over $3 million in annual revenue and over $24 million in assets, suggesting either a volunteer-led executive team or that compensation is reported under other categories, which would reduce 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 Retirement Community Of Fairbanks's IRS 990 filings:
- Consistent operational deficits (e.g., $3,786,720 expenses vs. $3,463,674 revenue in 202403)
- Declining asset base over time (e.g., from $29,874,935 in 201603 to $24,714,135 in 202403)
- Unusually low or 0% reported officer compensation for an organization of this size, potentially obscuring true compensation structures or indicating reliance on unpaid leadership.
Strengths
The following positive indicators were identified for Retirement Community Of Fairbanks:
- Substantial asset base providing financial stability ($24,714,135 in 202403)
- Consistent filing history demonstrating transparency in reporting to the IRS
- Mission-focused NTEE code (L22 - Continuing Care Retirement Communities) indicating direct service provision.
Frequently Asked Questions about Retirement Community Of Fairbanks
Is Retirement Community Of Fairbanks a legitimate charity?
Based on AI analysis of IRS 990 filings, Retirement Community Of Fairbanks (EIN: 201253962) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Retirement Community Of Fairbanks spend its money?
Retirement Community Of Fairbanks directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Retirement Community Of Fairbanks tax-deductible?
Retirement Community Of Fairbanks is registered as a tax-exempt nonprofit (EIN: 201253962). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Retirement Community Of Fairbanks a good charity?
The organization appears to be dedicated to its mission, evidenced by its NTEE code and consistent operations. The lack of reported officer compensation is a positive for resource allocation. However, the recurring operational deficits (e.g., $3,786,720 expenses vs. $3,463,674 revenue in 202403) raise concerns about long-term financial sustainability if not addressed.
Why are expenses consistently higher than revenue?
The filings show a consistent trend where expenses exceed revenue, for instance, in 202403, expenses were $3,786,720 while revenue was $3,463,674. This could be due to strategic investments, depreciation of significant assets, or operational challenges. Further detailed financial statements would be needed to understand the specific drivers of these deficits.
How does the organization manage its significant assets?
The organization maintains substantial assets, reported at $24,714,135 in the latest filing. These assets likely include the physical property and facilities of the retirement community. The consistent deficits suggest that these assets may be used to cover operational shortfalls or are part of a long-term financial strategy, though the filings don't provide explicit details on asset management strategy.
What is the impact of 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. While it suggests that resources are not being diverted to executive salaries, it also raises questions about how executive leadership is compensated, or if key leadership roles are entirely volunteer-based, which could impact operational stability and professional management.
Filing History
IRS 990 filing history for Retirement Community Of Fairbanks showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Retirement Community Of Fairbanks's revenue has declined by 23.6%, moving from $4.5M to $3.5M. Total assets increased by 118.8% over the same period, from $11.3M to $24.7M. Total functional expenses rose by 479.3%, from $654K to $3.8M. In its most recent filing year (2024), Retirement Community Of Fairbanks reported a deficit of $323K, with expenses exceeding revenue. The organization holds $13.6M in liabilities against $24.7M in assets (debt-to-asset ratio: 55.2%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.5M | $3.8M | $24.7M | $13.6M | — | View 990 |
| 2023 | $3.0M | $3.3M | $25.5M | $14.1M | — | View 990 |
| 2022 | $2.8M | $3.3M | $25.9M | $14.2M | — | View 990 |
| 2021 | $3.0M | $3.2M | $26.7M | $14.6M | — | — |
| 2020 | $3.2M | $3.5M | $27.2M | $14.9M | — | View 990 |
| 2019 | $3.2M | $3.5M | $28.0M | $15.3M | — | View 990 |
| 2018 | $3.2M | $3.6M | $28.8M | $15.8M | — | View 990 |
| 2017 | $3.1M | $3.5M | $29.2M | $15.8M | — | View 990 |
| 2016 | $2.5M | $2.6M | $29.9M | $16.1M | — | View 990 |
| 2015 | $2.1M | $2.4M | $22.0M | $8.1M | — | View 990 |
| 2014 | $3.5M | $2.1M | $22.5M | $8.3M | — | View 990 |
| 2013 | $7.3M | $1.3M | $21.0M | $8.1M | — | View 990 |
| 2012 | $4.5M | $654K | $11.3M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.5M, expenses of $3.8M, and assets of $24.7M (revenue +14.6% year-over-year).
- 2023: Revenue of $3.0M, expenses of $3.3M, and assets of $25.5M (revenue +6.3% year-over-year).
- 2022: Revenue of $2.8M, expenses of $3.3M, and assets of $25.9M (revenue -3.7% year-over-year).
- 2021: Revenue of $3.0M, expenses of $3.2M, and assets of $26.7M (revenue -7.4% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.5M, and assets of $27.2M (revenue -0.4% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.5M, and assets of $28.0M (revenue -0.5% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.6M, and assets of $28.8M (revenue +4.2% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.5M, and assets of $29.2M (revenue +25.5% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.6M, and assets of $29.9M (revenue +18.5% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.4M, and assets of $22.0M (revenue -40.8% year-over-year).
- 2014: Revenue of $3.5M, expenses of $2.1M, and assets of $22.5M (revenue -52.1% year-over-year).
- 2013: Revenue of $7.3M, expenses of $1.3M, and assets of $21.0M (revenue +61.3% year-over-year).
- 2012: Revenue of $4.5M, expenses of $654K, and assets of $11.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Retirement Community Of Fairbanks:
Data Sources and Methodology
This transparency report for Retirement Community Of Fairbanks 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.