Quick charity verification for Oneida Madison Electric Cooperative Inc (EIN: 150405592)
Verdict: Oneida Madison Electric Cooperative Inc appears trustworthy
95/100Mission Score
$3.6MRevenue
$7.0MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Consistent break-even operations, indicating effective cost management for a cooperative.
0% officer compensation reported across all filings, suggesting strong member-focused governance and cost efficiency.
Healthy asset base ($7,042,679 in latest filing) relative to liabilities ($3,308,595), indicating financial stability.
Stable revenue growth over the past few years (e.g., from $2,650,060 in 2019 to $3,299,294 in 2023).
Spending Breakdown
How Oneida Madison Electric Cooperative Inc allocates its funds across programs, administration, and fundraising.
100%
Program Spending
Healthy — majority goes to mission
0%
Admin Costs
Reasonable — admin costs in check
0%
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 Oneida Madison Electric Cooperative Inc
Is Oneida Madison Electric Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Oneida Madison Electric Cooperative Inc (EIN: 150405592) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
Is Oneida Madison Electric Cooperative Inc a good charity to donate to?
Oneida Madison Electric Cooperative Inc has a Mission Score of 95/100. Revenue: $3.6M. Assets: $7.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Oneida Madison Electric Cooperative Inc?
The Employer Identification Number (EIN) for Oneida Madison Electric Cooperative Inc is 150405592. 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 Oneida Madison Electric Cooperative Inc spend its money?
Oneida Madison Electric Cooperative Inc allocates 100% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Oneida Madison Electric Cooperative Inc's tax-exempt status?
You can verify Oneida Madison Electric Cooperative Inc's tax-exempt status using EIN 150405592 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
Oneida Madison Electric Cooperative Inc operates as a utility cooperative, which is reflected in its financial statements. For several years, including 2019-2023, the organization reported identical revenue and expense figures, indicating a break-even operational model typical for cooperatives that aim to provide services at cost to their members. This consistent financial pattern suggests stable operations and effective cost management. The cooperative maintains a healthy asset base, with assets of $7,042,679 against liabilities of $3,308,595 in the latest filing, demonstrating a solid financial position.
The organization's transparency is high, particularly concerning executive compensation, as it consistently reports 0% officer compensation across all available filings. This indicates that the cooperative's leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a strong indicator of member-focused governance. The NTEE code W80Z, 'Electric Utilities, Cooperatives', further clarifies its operational nature, which is distinct from traditional charities in its financial objectives and structure.
Given its cooperative structure, the concept of 'spending efficiency' differs from that of a typical grant-making or service-providing charity. The primary goal is to efficiently deliver electricity to its members, and the consistent break-even financials suggest that it is achieving this without accumulating significant surpluses or deficits. The lack of reported fundraising expenses is also consistent with a member-owned utility model, where revenue is primarily derived from service fees rather than donations.