THE OAKS AT BARTLETT

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

MIKE FLANAGAN

Phone

6303721983

Tax Period

2023-07-01 to 2024-06-30

THE OAKS AT BARTLETT, founded in 2002, is a mid-sized nonprofit in the Housing & Shelter sector that reported $18.6M in total revenue in fiscal year 2023. Expenses of $24.0M exceeded revenue, resulting in a 29% operating deficit.

Mission

THE OAKS AT BARTLETT, A LIFE PLAN COMMUNITY, EXISTS TO NOURISH, CELEBRATE AND ENHANCE THE MIND, BODY AND SPIRIT.

Program Service Accomplishments

Program 1

Expenses: $21,119,781 Revenue: $18,551,329

THE OAKS AT BARTLETT IS A LIFE PLAN COMMUNITY (LPC) PROVIDING LIVING ARRANGEMENTS AND SERVICES TO PERSONS 62 YEARS OF AGE AND OLDER. CAMPUS WIDE SERVICES INCLUDE DINING, ACTIVITIES, MAINTENANCE...

THE OAKS AT BARTLETT IS A LIFE PLAN COMMUNITY (LPC) PROVIDING LIVING ARRANGEMENTS AND SERVICES TO PERSONS 62 YEARS OF AGE AND OLDER. CAMPUS WIDE SERVICES INCLUDE DINING, ACTIVITIES, MAINTENANCE, HOUSEKEEPING, WELLNESS PROGRAMS, SUPPORTIVE SERVICES AND 24 HOUR SECURITY. THE INDEPENDENT LIVING AREA (164 RESIDENCES) OFFERS A VARIETY OF PRIVATE LIVING ARRANGEMENTS, A FITNESS CENTER, LIBRARY, MINI MART, COMPUTER ROOM AND TRANSPORTATION. THE ASSISTED HEALTH CARE CENTER OFFERS LONG TERM SKILLED CARE AND SHORT TERM REHABILITATION SERVICES. LICENSED STAFF IN THE ASSISTED LIVING (49 SUITES), MEMORY SUPPORT (16 SUITES) AND SKILLED NURSING NEIGHBORHOODS (60 ROOMS) PROVIDE COURTEOUS SERVICE, HOSPITALITY, DIGNITY AND RESPECT TO ALL IN OUR CARE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,839

Program Service Revenue $18,551,329

Investment Income $50,837

Other Revenue $0

TOTAL REVENUE $18,609,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,092,442

Fundraising Expenses $0

Program Expenses $21,119,781

Other Expenses $13,952,659

TOTAL EXPENSES $24,045,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,609,005	$17,876,510	+0.0%
Expenses	$24,045,101	$24,362,994	0.0%
Net Income	$-5,436,096	$-6,486,484	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

329

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$638,288

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD NOLDEN	(PARTIAL) MEMBER OF THE BO	3.00	Director	$0	$0	$0
JAMES NUGENT	TREASURER OF THE BOARD	3.00	Officer Director	$0	$0	$0
JULIE BOGGESS	PRESIDENT OF THE BOARD	3.00	Officer Director	$0	$0	$0
ED CLANCY	(PARTIAL)MEMBER OF THE BOARD	3.00	Director	$0	$0	$0
JOAN PETERSON	EXECUTIVE DIRECTOR	40.00	Officer	$188,462	$0	$188,462
DALJEET S BRAR	DIRECTOR OF NURSING SERVICES	40.00	Officer	$161,240	$0	$161,240
ANGEL H AGUILAR	HEALTH CENTER ADMINISTRATOR	40.00	Officer	$155,036	$0	$155,036
TAMMETTE HOLZER	DIRECTOR OF SALES AND MARKETING	40.00	Officer	$133,550	$0	$133,550
BRENDA R CASTANOS	REGISTERED NURSE	40.00	Highest	$121,247	$0	$121,247
JACQUES EDOUARD JEAN LOUIS	LPN/LVN - AL	40.00	Highest	$114,655	$0	$114,655
MA LOURDES CASTOR DOMINGO	REGISTERED NURSE	40.00	Highest	$111,719	$0	$111,719
NALUCHA SITALI	LPN/LVN - AL	40.00	Highest	$108,688	$0	$108,688
IAN E SANTIAGO	REGISTERED NURSE	40.00	Highest	$107,224	$0	$107,224

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$18,609,005	$24,045,101	$25,476,098	$-5,436,096
2023	$17,876,510	$24,362,994	$24,070,056	$-6,486,484
2022	$13,974,172	$19,630,527	$25,731,646	$-5,656,355
2021	$13,279,793	$21,635,919	$26,201,984	$-8,356,126
2020	$19,437,603	$24,495,437	$29,792,189	$-5,057,834
2019	$18,923,594	$21,723,196	$29,798,900	$-2,799,602
2018	$18,636,692	$21,750,720	$32,038,684	$-3,114,028