Tarrant County Senior Living Center Inc

Tarrant County Senior Living Center Inc. consistently operates at a significant deficit, with liabilities exceeding assets in recent years.

EIN: 208068602 · Dallas, TX · NTEE: L220 · Updated: 2026-03-28

$29.7MRevenue

$143.3MAssets

45/100Mission Score (Fair)

L220

About Tarrant County Senior Living Center Inc

Tarrant County Senior Living Center Inc (EIN: 208068602) is a nonprofit organization based in Dallas, TX, classified under NTEE code L220. The organization reported total revenue of $29.7M and total assets of $143.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tarrant County Senior Living Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Tarrant County Senior Living Center Inc. exhibits a concerning financial trend, consistently operating at a significant deficit over the past decade. For instance, in 2023, expenses of $43,021,109 far outstripped revenue of $30,950,943, resulting in a $12 million shortfall. This pattern is not isolated, with similar deficits observed in all provided filings, indicating a structural imbalance between income and expenditures. While the organization maintains substantial assets, reported at $123,695,526 in 2023, its liabilities are consistently much higher, reaching $221,563,869 in the same year, suggesting a heavily leveraged financial position.

The consistent operating deficits raise questions about the long-term sustainability of the organization's financial model. Despite the large asset base, the high and growing liabilities, which have exceeded assets in recent years (e.g., 2023 and 2022), are a significant red flag. The lack of reported officer compensation across all filings could indicate a volunteer-led executive team or that compensation is reported differently, but without further detail, it's difficult to assess executive spending efficiency. The NTEE code L220 (Continuing Care Retirement Communities) suggests a capital-intensive operation, which might explain some of the asset and liability structure, but the persistent negative operating margins are still a concern for financial health.

Regarding transparency, the consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to public disclosure. However, the financial data itself points to a need for greater clarity on how the organization plans to address its ongoing operational deficits and manage its substantial debt burden. A deeper dive into the functional expenses would be necessary to fully assess spending efficiency across programs, administration, and fundraising, as this information is not provided in the summary data.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Tarrant County Senior Living Center Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, Tarrant County Senior Living Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

No officer compensation has been reported in any of the provided IRS 990 filings, which is unusual for an organization with annual revenues approaching $30 million and assets over $100 million. This could indicate a volunteer executive leadership or that compensation is reported under different categories, but it warrants further investigation.

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 Tarrant County Senior Living Center Inc's IRS 990 filings:

Consistent and significant operating deficits (e.g., $12M deficit in 2023).
Liabilities consistently exceed assets in recent years (e.g., $221M liabilities vs. $123M assets in 2023).
No officer compensation reported despite substantial revenue and assets.
Declining asset base in recent years (from $173M in 2020 to $123M in 2023).

Strengths

The following positive indicators were identified for Tarrant County Senior Living Center Inc:

Consistent filing of IRS Form 990s, demonstrating transparency in reporting.
Substantial asset base, though overshadowed by liabilities, indicates significant infrastructure.

Frequently Asked Questions about Tarrant County Senior Living Center Inc

Is Tarrant County Senior Living Center Inc. financially sustainable given its consistent operating deficits?

The organization has consistently reported expenses significantly exceeding revenue for over a decade. For example, in 2023, expenses were $43,021,109 against revenues of $30,950,943. This persistent deficit raises serious concerns about its long-term financial sustainability.

Why do liabilities consistently exceed assets for Tarrant County Senior Living Center Inc.?

In 2023, liabilities were $221,563,869 while assets were $123,695,526, indicating a highly leveraged financial position where debt significantly outweighs owned resources. This trend has been observed in multiple recent years, suggesting a structural financial challenge.

What is the explanation for zero reported officer compensation across all filings?

The IRS 990 filings consistently show 0% officer compensation. This is highly unusual for an organization of this size and could imply a volunteer executive board or that compensation is categorized differently, requiring further scrutiny of the full 990 forms.

Filing History

IRS 990 filing history for Tarrant County Senior Living Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Tarrant County Senior Living Center Inc's revenue has grown by 2769.9%, moving from $1.1M to $31.0M. Total assets decreased by 38% over the same period, from $199.7M to $123.7M. Total functional expenses rose by 739.1%, from $5.1M to $43.0M. In its most recent filing year (2023), Tarrant County Senior Living Center Inc reported a deficit of $12.1M, with expenses exceeding revenue. The organization holds $221.6M in liabilities against $123.7M in assets (debt-to-asset ratio: 179.1%), resulting in net assets of $-97,868,343.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$31.0M	$43.0M	$123.7M	$221.6M	—	View 990
2022	$25.8M	$43.0M	$124.8M	$213.4M	—	View 990
2021	$23.0M	$37.9M	$161.3M	$203.8M	—	View 990
2020	$24.1M	$42.2M	$173.2M	$200.4M	—	View 990
2019	$23.7M	$38.0M	$185.3M	$189.1M	—	View 990
2018	$21.3M	$29.7M	$124.9M	$222.8M	—	View 990
2017	$21.1M	$29.9M	$133.5M	$215.3M	—	View 990
2016	$20.9M	$28.8M	$139.8M	$212.6M	—	View 990
2015	$20.1M	$27.4M	$143.4M	$208.3M	—	View 990
2014	$16.5M	$31.7M	$158.6M	$216.3M	—	View 990
2013	$13.5M	$29.6M	$160.1M	$210.5M	—	View 990
2012	$8.4M	$27.5M	$175.0M	$200.2M	—	View 990
2011	$1.1M	$5.1M	$199.7M	$205.8M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $31.0M, expenses of $43.0M, and assets of $123.7M (revenue +20.1% year-over-year).
2022: Revenue of $25.8M, expenses of $43.0M, and assets of $124.8M (revenue +12.0% year-over-year).
2021: Revenue of $23.0M, expenses of $37.9M, and assets of $161.3M (revenue -4.5% year-over-year).
2020: Revenue of $24.1M, expenses of $42.2M, and assets of $173.2M (revenue +1.7% year-over-year).
2019: Revenue of $23.7M, expenses of $38.0M, and assets of $185.3M (revenue +11.2% year-over-year).
2018: Revenue of $21.3M, expenses of $29.7M, and assets of $124.9M (revenue +1.3% year-over-year).
2017: Revenue of $21.1M, expenses of $29.9M, and assets of $133.5M (revenue +0.5% year-over-year).
2016: Revenue of $20.9M, expenses of $28.8M, and assets of $139.8M (revenue +3.9% year-over-year).
2015: Revenue of $20.1M, expenses of $27.4M, and assets of $143.4M (revenue +22.1% year-over-year).
2014: Revenue of $16.5M, expenses of $31.7M, and assets of $158.6M (revenue +22.3% year-over-year).
2013: Revenue of $13.5M, expenses of $29.6M, and assets of $160.1M (revenue +59.8% year-over-year).
2012: Revenue of $8.4M, expenses of $27.5M, and assets of $175.0M (revenue +682.6% year-over-year).
2011: Revenue of $1.1M, expenses of $5.1M, and assets of $199.7M.

Data Sources and Methodology

This transparency report for Tarrant County Senior Living Center 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.