East Central Energy
EIN: 410480748 · Braham, MN
| Metric | Value |
|---|---|
| Total Revenue | $155.6M |
| Total Expenses | $145.6M |
| Net Assets | $150.4M |
Is East Central Energy Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About East Central Energy
East Central Energy (EIN: 410480748) is a nonprofit organization based in Braham, MN. The organization reported total revenue of $155.6M and total assets of $497.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of East Central Energy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
East Central Energy is a major nonprofit that has been operating for 89 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $143.4M |
| Total Expenses | $145.6M |
| Surplus / Deficit | $-2,201,314 |
| Total Assets | $422.3M |
| Total Liabilities | $271.9M |
| Net Assets | $150.4M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 64.4% |
| Months of Reserves | 34.8 months |
Financial Health Grade: C
In 2023, East Central Energy reported a deficit of $2.2M with expenses exceeding revenue, holds 34.8 months of operating reserves (strong position), has a debt-to-asset ratio of 64.4% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), East Central Energy's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.1% | +6.8% | +17.6% |
| 2022 | +2.4% | -1.1% | +2.3% |
| 2021 | +4.7% | +8.5% | +1.9% |
| 2020 | +0.3% | -1.4% | +3.2% |
| 2019 | -0.3% | -2.1% | -0.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1937 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for East Central Energy has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates East Central Energy with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.4%.
Frequently Asked Questions about East Central Energy
Is East Central Energy a legitimate charity?
Based on AI analysis of IRS 990 filings, East Central Energy (EIN: 410480748) insufficient data. 0 red flags identified, 0 strengths noted.
How does East Central Energy spend its money?
Detailed spending breakdown data is not yet available for East Central Energy. Check back for updated IRS 990 analysis.
Are donations to East Central Energy tax-deductible?
East Central Energy is registered as a tax-exempt nonprofit (EIN: 410480748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is East Central Energy located?
East Central Energy is headquartered in Braham, Minnesota and files with the IRS under EIN 410480748.
How many years of IRS 990 filings does East Central Energy have?
East Central Energy has 8 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 $155.6M in total revenue.
Filing History
IRS 990 filing history for East Central Energy showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), East Central Energy's revenue has grown by 12.3%, moving from $127.7M to $143.4M. Total assets increased by 30.1% over the same period, from $324.7M to $422.3M. Total functional expenses rose by 14.5%, from $127.2M to $145.6M. In its most recent filing year (2023), East Central Energy reported a deficit of $2.2M, with expenses exceeding revenue. The organization holds $271.9M in liabilities against $422.3M in assets (debt-to-asset ratio: 64.4%), resulting in net assets of $150.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $143.4M | $145.6M | $422.3M | $271.9M | — | — |
| 2022 | $136.4M | $136.3M | $359.1M | $216.7M | — | View 990 |
| 2021 | $133.2M | $137.9M | $351.0M | $215.3M | — | View 990 |
| 2020 | $127.2M | $127.0M | $344.4M | $209.3M | — | — |
| 2019 | $126.8M | $128.8M | $333.9M | $199.8M | — | View 990 |
| 2018 | $127.3M | $131.5M | $334.2M | $200.2M | — | View 990 |
| 2017 | $128.7M | $126.6M | $326.7M | $195.1M | — | View 990 |
| 2016 | $127.7M | $127.2M | $324.7M | $198.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $143.4M, expenses of $145.6M, and assets of $422.3M (revenue +5.1% year-over-year).
- 2022: Revenue of $136.4M, expenses of $136.3M, and assets of $359.1M (revenue +2.4% year-over-year).
- 2021: Revenue of $133.2M, expenses of $137.9M, and assets of $351.0M (revenue +4.7% year-over-year).
- 2020: Revenue of $127.2M, expenses of $127.0M, and assets of $344.4M (revenue +0.3% year-over-year).
- 2019: Revenue of $126.8M, expenses of $128.8M, and assets of $333.9M (revenue -0.3% year-over-year).
- 2018: Revenue of $127.3M, expenses of $131.5M, and assets of $334.2M (revenue -1.1% year-over-year).
- 2017: Revenue of $128.7M, expenses of $126.6M, and assets of $326.7M (revenue +0.8% year-over-year).
- 2016: Revenue of $127.7M, expenses of $127.2M, and assets of $324.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for East Central Energy:
Data Sources and Methodology
This transparency report for East Central Energy 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.