Is Lake Region Electric Cooperative Foundation Inc Legit?

The Lake Region Electric Cooperative Foundation Inc demonstrates consistent financial health with stable revenue streams, averaging around $85,000-$90,000 annually over the past decade. The organization consistently maintains a healthy asset base, growing from $186,979 in 2014 to $308,944 currently, indicating sound financial management and accumulation of resources. Their spending efficiency appears strong, particularly given that officer compensation has consistently been reported as 0% across all available filings, suggesting that administrative costs are kept low and resources are directed towards their mission. The foundation's liabilities have generally remained low, further indicating prudent financial stewardship. While specific program spending percentages are not detailed in the provided summary, the consistent absence of officer compensation is a significant positive indicator for spending efficiency. The organization's revenue has slightly decreased from a peak of $95,769 in 2014 to $84,628 currently, but this decline is modest and does not appear to impact their ability to maintain assets or manage expenses effectively. The foundation's consistent filing of IRS Form 990s over 13 periods demonstrates a commitment to transparency, allowing public scrutiny of their financial operations. Overall, the Lake Region Electric Cooperative Foundation Inc appears to be a financially stable and efficiently managed organization. Their consistent asset growth, low liabilities, and zero officer compensation suggest a strong focus on utilizing funds for their intended purpose. The regular filing of financial documents further enhances their transparency.