Central Massachusetts Electrical Management Fund
Central Massachusetts Electrical Management Fund shows strong financial growth and zero reported officer compensation.
EIN: 202475030 · Worcester, MA · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.7M |
| Total Expenses | $677K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.3M |
| Transparency Score | 92/100 |
Is Central Massachusetts Electrical Management Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Massachusetts Electrical Management Fund directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Massachusetts Electrical Management Fund
Central Massachusetts Electrical Management Fund (EIN: 202475030) is a nonprofit organization based in Worcester, MA, classified under NTEE code S40. The organization reported total revenue of $1.7M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Massachusetts Electrical Management Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Massachusetts Electrical Management Fund is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 88.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $677K |
| Surplus / Deficit | +$615K |
| Total Assets | $2.3M |
| Net Assets | $2.3M |
| Operating Margin | 47.6% |
| Months of Reserves | 40.1 months |
Financial Health Grade: A
In 2023, Central Massachusetts Electrical Management Fund reported a surplus of $615K with revenue exceeding expenses, holds 40.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Central Massachusetts Electrical Management Fund's revenue has grown at a compound annual growth rate (CAGR) of 88.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +68.8% | +37.3% |
| 2022 | +48.4% | -55.0% | +61.4% |
| 2021 | +43.2% | -30.9% | -16.3% |
| 2020 | +31.6% | +227.5% | -39.8% |
| 2019 | -6.4% | -27.5% | -1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Massachusetts Electrical Management Fund with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Central Massachusetts Electrical Management Fund allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $615K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size with assets exceeding $2 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Central Massachusetts Electrical Management Fund's IRS 990 filings:
- Lack of detailed program spending breakdown in provided data
- Unusually low expenses relative to revenue in some years (e.g., 201412: Revenue=$676,300, Expenses=$35,198) which might indicate significant accumulation of funds rather than immediate program deployment.
Strengths
The following positive indicators were identified for Central Massachusetts Electrical Management Fund:
- Consistent revenue growth, from $367,942 in 2019 to $1,292,305 in 2023.
- Strong asset growth, reaching $2,264,209 in 2023.
- Zero reported liabilities across all filing periods, indicating excellent financial stability.
- 0% officer compensation reported in all filings, suggesting high efficiency in directing funds to mission.
- Consistent surplus generation, with revenue significantly exceeding expenses in most recent years (e.g., 202312: Revenue=$1,292,305, Expenses=$677,050).
Frequently Asked Questions about Central Massachusetts Electrical Management Fund
Is Central Massachusetts Electrical Management Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Massachusetts Electrical Management Fund (EIN: 202475030) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Central Massachusetts Electrical Management Fund spend its money?
Central Massachusetts Electrical Management Fund directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Massachusetts Electrical Management Fund tax-deductible?
Central Massachusetts Electrical Management Fund is registered as a tax-exempt nonprofit (EIN: 202475030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Central Massachusetts Electrical Management Fund CEO make?
Central Massachusetts Electrical Management Fund's highest-compensated officer earns $2 annually. The organization reported $1.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Central Massachusetts Electrical Management Fund compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Central Massachusetts Electrical Management Fund is above average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Central Massachusetts Electrical Management Fund located?
Central Massachusetts Electrical Management Fund is headquartered in Worcester, Massachusetts and files with the IRS under EIN 202475030. It is classified under NTEE code S40.
How many years of IRS 990 filings does Central Massachusetts Electrical Management Fund have?
Central Massachusetts Electrical Management Fund has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.7M in total revenue.
Is Central Massachusetts Electrical Management Fund a good charity?
Based on the provided financial data, the organization appears to be very well-managed financially, with strong revenue growth, increasing assets, and no reported liabilities or officer compensation. This suggests a highly efficient use of funds towards its mission.
How has the organization's financial health changed over time?
The organization has experienced significant financial growth, with revenue increasing from $367,942 in 2019 to $1,292,305 in 2023, and assets growing from $1,021,372 in 2021 to $2,264,209 in 2023. This indicates a strong and improving financial trajectory.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation across all 13 filings, meaning no officers received salaries or other compensation from the organization. This is a highly unusual and positive indicator of resource allocation.
Filing History
IRS 990 filing history for Central Massachusetts Electrical Management Fund showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Massachusetts Electrical Management Fund's revenue has grown by 197198.5%, moving from $655 to $1.3M. Total assets increased by 1695.8% over the same period, from $126K to $2.3M. Total functional expenses rose by 213.2%, from $216K to $677K. In its most recent filing year (2023), Central Massachusetts Electrical Management Fund reported a surplus of $615K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $677K | $2.3M | $0 | — | — |
| 2022 | $1.0M | $401K | $1.6M | $0 | — | View 990 |
| 2021 | $693K | $892K | $1.0M | $0 | — | View 990 |
| 2020 | $484K | $1.3M | $1.2M | $0 | — | View 990 |
| 2019 | $368K | $394K | $2.0M | $0 | — | — |
| 2018 | $393K | $544K | $2.1M | $0 | — | View 990 |
| 2017 | $751K | $362K | $2.2M | $0 | — | View 990 |
| 2016 | $1.2M | $455K | $1.8M | $0 | — | View 990 |
| 2015 | $677K | $570K | $1.1M | $0 | — | View 990 |
| 2014 | $676K | $35K | $1.0M | $0 | — | View 990 |
| 2013 | $420K | $54K | $368K | $0 | — | View 990 |
| 2012 | $193 | $124K | $2K | $0 | — | View 990 |
| 2011 | $655 | $216K | $126K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $677K, and assets of $2.3M (revenue +25.6% year-over-year).
- 2022: Revenue of $1.0M, expenses of $401K, and assets of $1.6M (revenue +48.4% year-over-year).
- 2021: Revenue of $693K, expenses of $892K, and assets of $1.0M (revenue +43.2% year-over-year).
- 2020: Revenue of $484K, expenses of $1.3M, and assets of $1.2M (revenue +31.6% year-over-year).
- 2019: Revenue of $368K, expenses of $394K, and assets of $2.0M (revenue -6.4% year-over-year).
- 2018: Revenue of $393K, expenses of $544K, and assets of $2.1M (revenue -47.7% year-over-year).
- 2017: Revenue of $751K, expenses of $362K, and assets of $2.2M (revenue -34.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $455K, and assets of $1.8M (revenue +70.0% year-over-year).
- 2015: Revenue of $677K, expenses of $570K, and assets of $1.1M (revenue +0.2% year-over-year).
- 2014: Revenue of $676K, expenses of $35K, and assets of $1.0M (revenue +61.0% year-over-year).
- 2013: Revenue of $420K, expenses of $54K, and assets of $368K (revenue +217537.8% year-over-year).
- 2012: Revenue of $193, expenses of $124K, and assets of $2K (revenue -70.5% year-over-year).
- 2011: Revenue of $655, expenses of $216K, and assets of $126K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Central Massachusetts Electrical Management Fund:
Data Sources and Methodology
This transparency report for Central Massachusetts Electrical Management Fund is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.