Quick charity verification for Otsego Electric Cooperative Inc (EIN: 150500061)
Verdict: Otsego Electric Cooperative Inc appears trustworthy
85/100Mission Score
$13.5MRevenue
$55.2MAssets
2Red Flags
4Strengths
Red Flags
Unexplained 0% officer compensation for a large organization
NTEE Code is unknown, limiting direct comparison to peer organizations
Strengths
Consistent revenue growth over the past decade, from $7.5M in 2014 to $13.1M in 2023.
Strong and growing asset base, increasing from $29.8M in 2014 to $54.9M in 2023.
Positive net income in most years, indicating sound financial management (e.g., $374,716 in 2023).
Expenses closely track revenue, suggesting efficient use of resources for its operational mission.
Spending Breakdown
How Otsego Electric Cooperative Inc allocates its funds across programs, administration, and fundraising.
97%
Program Spending
Healthy — majority goes to mission
3%
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 Otsego Electric Cooperative Inc
Is Otsego Electric Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Otsego Electric Cooperative Inc (EIN: 150500061) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Otsego Electric Cooperative Inc a good charity to donate to?
Otsego Electric Cooperative Inc has a Mission Score of 85/100. Revenue: $13.5M. Assets: $55.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Otsego Electric Cooperative Inc?
The Employer Identification Number (EIN) for Otsego Electric Cooperative Inc is 150500061. 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 Otsego Electric Cooperative Inc spend its money?
Otsego Electric Cooperative Inc allocates 97% to programs, 3% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Otsego Electric Cooperative Inc's tax-exempt status?
You can verify Otsego Electric Cooperative Inc's tax-exempt status using EIN 150500061 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
Otsego Electric Cooperative Inc demonstrates consistent financial stability and growth over the past decade. The organization's revenue has steadily increased from $7,536,248 in 2014 to $13,104,160 in 2023, indicating a healthy operational expansion. Expenses have generally tracked revenue, suggesting efficient management of resources to meet growing demands. The cooperative consistently maintains a strong asset base, growing from $29,877,490 in 2014 to $54,918,689 in 2023, which provides a solid foundation for its operations.
While specific program spending details are not provided in the summary data, the consistent positive net income (revenue exceeding expenses) across most years, such as $374,716 in 2023 and $554,131 in 2022, suggests sound financial management. The absence of reported officer compensation in the provided data points to a potential area for further transparency, as it's unusual for an organization of this size to have zero compensation for its officers, or it might indicate that compensation is reported differently or falls under other expense categories not detailed here. Overall, the cooperative appears financially robust and capable of sustaining its mission.