Quick charity verification for Lake Region Electric Trust (EIN: 205114301)
Verdict: Lake Region Electric Trust appears trustworthy
95/100Mission Score
$150KRevenue
$224KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistently 0% officer compensation across all filings.
Growing asset base, reaching $232,105 in 202312.
No reported liabilities in the latest filing (202312).
Stable revenue stream, with $141,777 in 202312.
Strong financial health with revenues consistently exceeding expenses in recent periods.
AI Transparency Report
Lake Region Electric Trust demonstrates consistent financial health with a growing asset base and no reported liabilities in its latest filing. The organization's revenue has been stable, with the latest reported revenue at $141,777 and assets at $232,105 for the period ending 202312. A significant strength is its zero officer compensation, indicating that all funds are directed towards its mission without executive overhead. The organization's spending efficiency appears strong, particularly in recent years, with expenses for 202312 at $113,110 against revenues of $141,777, suggesting a healthy surplus for program activities or asset growth. The absence of reported liabilities in the most recent filing further underscores its sound financial management and transparency.