Delaware County Electric Cooperative Inc
Delaware County Electric Cooperative Inc maintains stable operations with consistent revenue and expense management, reporting no officer compensation.
EIN: 150287092 · Delhi, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $10.3M |
| Total Expenses | $9.7M |
| Program Spending | 95% |
| Net Assets | $11.4M |
| Transparency Score | 90/100 |
Is Delaware County Electric Cooperative Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Delaware County Electric Cooperative Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Delaware County Electric Cooperative Inc
Delaware County Electric Cooperative Inc (EIN: 150287092) is a nonprofit organization based in Delhi, NY. The organization reported total revenue of $10.3M and total assets of $32.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Delaware County Electric Cooperative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Delaware County Electric Cooperative Inc is a large nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $9.6M |
| Total Expenses | $9.7M |
| Surplus / Deficit | $-82,955 |
| Total Assets | $29.9M |
| Total Liabilities | $18.5M |
| Net Assets | $11.4M |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 61.9% |
| Months of Reserves | 36.9 months |
Financial Health Grade: C
In 2023, Delaware County Electric Cooperative Inc reported a deficit of $83K with expenses exceeding revenue, holds 36.9 months of operating reserves (strong position), has a debt-to-asset ratio of 61.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Delaware County Electric Cooperative Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.7% | -4.2% | -3.0% |
| 2022 | +5.7% | +11.5% | -1.1% |
| 2021 | +5.5% | +1.7% | -0.2% |
| 2020 | +0.5% | +1.0% | +12.6% |
| 2019 | -2.3% | -3.0% | +1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1946 |
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 Delaware County Electric Cooperative Inc with a Mission Score of 90 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Delaware County Electric Cooperative Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 deficit of $83K, with expenses exceeding revenue.
- Debt-to-asset ratio: 61.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers either receive no compensation or it is categorized differently, which is a strong positive for transparency and member-focused operations.
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.
Strengths
The following positive indicators were identified for Delaware County Electric Cooperative Inc:
- Consistent operational stability with revenues closely matching expenses.
- Zero reported officer compensation, indicating strong member-focused governance.
- Steady growth in assets, suggesting sound long-term financial health and infrastructure investment.
- Efficient use of funds, with virtually all expenses directed towards program services (providing electricity).
Frequently Asked Questions about Delaware County Electric Cooperative Inc
Is Delaware County Electric Cooperative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Delaware County Electric Cooperative Inc (EIN: 150287092) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does Delaware County Electric Cooperative Inc spend its money?
Delaware County Electric Cooperative Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Delaware County Electric Cooperative Inc tax-deductible?
Delaware County Electric Cooperative Inc is registered as a tax-exempt nonprofit (EIN: 150287092). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Delaware County Electric Cooperative Inc located?
Delaware County Electric Cooperative Inc is headquartered in Delhi, New York and files with the IRS under EIN 150287092.
How many years of IRS 990 filings does Delaware County Electric Cooperative Inc have?
Delaware County Electric Cooperative Inc 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 $10.3M in total revenue.
Is Delaware County Electric Cooperative Inc a good charity?
As an electric cooperative, it functions differently from a traditional charity. Its 'goodness' should be assessed on its ability to provide reliable and affordable electricity to its members, which its stable financial performance and lack of officer compensation suggest it is doing effectively.
How does the cooperative manage its expenses relative to its revenue?
The cooperative consistently manages its expenses very closely to its revenue. For example, in 2023, expenses were $9,716,803 against revenues of $9,633,848, indicating a focus on operating at or near cost for its members.
What is the trend in the cooperative's assets and liabilities?
The cooperative's assets have shown a general upward trend, from $27,720,067 in 2019 to $32,113,412 currently, suggesting growth and investment. Liabilities have also fluctuated but remain manageable relative to assets, indicating a stable financial structure.
Does the cooperative engage in significant fundraising activities?
Based on the nature of an electric cooperative and the financial data, there is no indication of significant fundraising activities, as its revenue primarily comes from service provision to members.
Filing History
IRS 990 filing history for Delaware County Electric Cooperative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Delaware County Electric Cooperative Inc's revenue has grown by 76.8%, moving from $5.4M to $9.6M. Total assets increased by 11.4% over the same period, from $26.9M to $29.9M. Total functional expenses rose by 80.7%, from $5.4M to $9.7M. In its most recent filing year (2023), Delaware County Electric Cooperative Inc reported a deficit of $83K, with expenses exceeding revenue. The organization holds $18.5M in liabilities against $29.9M in assets (debt-to-asset ratio: 61.9%), resulting in net assets of $11.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $9.6M | $9.7M | $29.9M | $18.5M | — | — |
| 2022 | $10.1M | $10.1M | $30.8M | $19.5M | — | View 990 |
| 2021 | $9.6M | $9.1M | $31.2M | $20.0M | — | View 990 |
| 2020 | $9.1M | $9.0M | $31.2M | $20.6M | — | — |
| 2019 | $9.0M | $8.9M | $27.7M | $17.4M | — | View 990 |
| 2018 | $9.2M | $9.1M | $27.3M | $17.2M | — | View 990 |
| 2017 | $8.7M | $8.3M | $27.5M | $17.6M | — | View 990 |
| 2016 | $8.2M | $8.0M | $27.3M | $17.9M | — | View 990 |
| 2015 | $8.5M | $8.6M | $27.9M | $18.8M | — | View 990 |
| 2014 | $6.3M | $6.3M | $28.2M | $19.1M | — | View 990 |
| 2013 | $5.8M | $5.8M | $28.2M | $19.6M | — | View 990 |
| 2012 | $5.5M | $5.5M | $27.0M | $18.6M | — | View 990 |
| 2011 | $5.4M | $5.4M | $26.9M | $18.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $9.6M, expenses of $9.7M, and assets of $29.9M (revenue -4.7% year-over-year).
- 2022: Revenue of $10.1M, expenses of $10.1M, and assets of $30.8M (revenue +5.7% year-over-year).
- 2021: Revenue of $9.6M, expenses of $9.1M, and assets of $31.2M (revenue +5.5% year-over-year).
- 2020: Revenue of $9.1M, expenses of $9.0M, and assets of $31.2M (revenue +0.5% year-over-year).
- 2019: Revenue of $9.0M, expenses of $8.9M, and assets of $27.7M (revenue -2.3% year-over-year).
- 2018: Revenue of $9.2M, expenses of $9.1M, and assets of $27.3M (revenue +6.2% year-over-year).
- 2017: Revenue of $8.7M, expenses of $8.3M, and assets of $27.5M (revenue +6.0% year-over-year).
- 2016: Revenue of $8.2M, expenses of $8.0M, and assets of $27.3M (revenue -4.1% year-over-year).
- 2015: Revenue of $8.5M, expenses of $8.6M, and assets of $27.9M (revenue +36.4% year-over-year).
- 2014: Revenue of $6.3M, expenses of $6.3M, and assets of $28.2M (revenue +7.4% year-over-year).
- 2013: Revenue of $5.8M, expenses of $5.8M, and assets of $28.2M (revenue +6.3% year-over-year).
- 2012: Revenue of $5.5M, expenses of $5.5M, and assets of $27.0M (revenue +0.7% year-over-year).
- 2011: Revenue of $5.4M, expenses of $5.4M, and assets of $26.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Delaware County Electric Cooperative Inc:
Data Sources and Methodology
This transparency report for Delaware County Electric Cooperative Inc 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.