Is School And Municipal Energy Cooperative Of Western New York Legit?

The School And Municipal Energy Cooperative Of Western New York demonstrates consistent financial activity, with revenues and expenses closely aligned across its filing history. For instance, in the 202306 period, revenue was $18,401,188 against expenses of $18,085,758, indicating a tight operational margin. The organization consistently reports 0% officer compensation, which is a significant indicator of financial efficiency and a strong commitment to its mission, as it suggests that all funds are directed towards operational costs and program delivery rather than executive salaries. This practice enhances its transparency and trustworthiness. While specific program spending ratios are not detailed in the provided data, the close alignment of revenues and expenses, coupled with zero officer compensation, suggests that the vast majority of funds are likely allocated to its core energy cooperative activities. The organization maintains a healthy asset base relative to its liabilities, with assets of $5,066,071 and liabilities of $1,770,883 in the latest filing (202406 period), indicating financial stability. The consistent filing of 14 IRS 990 forms over time also points to a commitment to regulatory compliance and transparency.