Is Kwaan Electric Transmission Intertie Cooperative Inc Legit?
Quick charity verification for Kwaan Electric Transmission Intertie Cooperative Inc (EIN: 201473466)
Verdict: Kwaan Electric Transmission Intertie Cooperative Inc shows mixed signals
65/100Mission Score
$126KRevenue
$334KAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits, with expenses frequently exceeding revenue (e.g., $175,757 expenses vs. $126,312 revenue in 2023).
Significant increase in liabilities relative to assets over recent years, with liabilities at $307,889 and assets at $438,810 in 2023.
Declining asset base from a high of $1,010,110 in 2020 to $438,810 in 2023, potentially indicating asset depletion to cover deficits or depreciation.
Strengths
Zero officer compensation reported across all available filings, indicating strong commitment to directing resources towards the mission.
Consistent filing of IRS Form 990s, demonstrating transparency in financial reporting.
Mission-focused on electric transmission intertie, serving a specific community need as indicated by NTEE code W80.
Spending Breakdown
How Kwaan Electric Transmission Intertie Cooperative Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Kwaan Electric Transmission Intertie Cooperative Inc
Is Kwaan Electric Transmission Intertie Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kwaan Electric Transmission Intertie Cooperative Inc (EIN: 201473466) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Kwaan Electric Transmission Intertie Cooperative Inc a good charity to donate to?
Kwaan Electric Transmission Intertie Cooperative Inc has a Mission Score of 65/100. Revenue: $126K. Assets: $334K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kwaan Electric Transmission Intertie Cooperative Inc?
The Employer Identification Number (EIN) for Kwaan Electric Transmission Intertie Cooperative Inc is 201473466. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Kwaan Electric Transmission Intertie Cooperative Inc spend its money?
Kwaan Electric Transmission Intertie Cooperative Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kwaan Electric Transmission Intertie Cooperative Inc's tax-exempt status?
You can verify Kwaan Electric Transmission Intertie Cooperative Inc's tax-exempt status using EIN 201473466 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Kwaan Electric Transmission Intertie Cooperative Inc. demonstrates a consistent operational deficit, with expenses frequently exceeding revenue. For example, in 2023, expenses were $175,757 against revenues of $126,312, and similar trends are observed in prior years. This suggests reliance on accumulated assets or other funding sources to cover operational costs. The organization's assets have fluctuated significantly, from a high of over $1 million in 2020 to $438,810 in 2023, while liabilities have generally increased, reaching $307,889 in 2023. This financial structure, with liabilities representing a substantial portion of assets, warrants closer examination.
The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available. A notable positive is the reported 0% officer compensation across all available periods, indicating that executive leadership is not drawing a salary from the organization. However, without a detailed breakdown of expenses beyond the top-level revenue and expense figures, it's challenging to fully assess spending efficiency and program focus. The NTEE code W80 (Electric Utilities) suggests a specific infrastructure-related mission, which may have different financial characteristics than typical service-oriented nonprofits.
Overall, while the lack of executive compensation is a strong positive for transparency and resource allocation, the persistent operational deficits and increasing liabilities relative to assets suggest potential long-term financial sustainability challenges. A deeper dive into the nature of their expenses and funding sources would be necessary to fully understand their financial health and efficiency in achieving their mission.