Electric Cooperatives Voluntary Employees Beneficiary Association
EIN: 262483511 · Montgomery, AL · NTEE: Y43
Is Electric Cooperatives Voluntary Employees Beneficiary Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Electric Cooperatives Voluntary Employees Beneficiary Association
Electric Cooperatives Voluntary Employees Beneficiary Association (EIN: 262483511) is a nonprofit organization based in Montgomery, AL, classified under NTEE code Y43. The organization reported total revenue of $42.9M and total assets of $6.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Electric Cooperatives Voluntary Employees Beneficiary Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Electric Cooperatives Voluntary Employees Beneficiary Association is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $37.1M |
| Total Expenses | $38.4M |
| Surplus / Deficit | $-1,308,972 |
| Total Assets | $5.7M |
| Total Liabilities | $4.9M |
| Net Assets | $850K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 85.1% |
| Months of Reserves | 1.8 months |
Financial Health Grade: D
In 2023, Electric Cooperatives Voluntary Employees Beneficiary Association reported a deficit of $1.3M with expenses exceeding revenue, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 85.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Electric Cooperatives Voluntary Employees Beneficiary Association's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +11.5% | +61.5% |
| 2022 | +4.4% | +0.7% | -21.7% |
| 2021 | +6.4% | +11.8% | -24.3% |
| 2020 | +9.4% | -2.1% | -11.1% |
| 2019 | +11.3% | +18.1% | -24.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Electric Cooperatives Voluntary Employees Beneficiary Association 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 Electric Cooperatives Voluntary Employees Beneficiary Association 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 85.1%.
Frequently Asked Questions about Electric Cooperatives Voluntary Employees Beneficiary Association
Is Electric Cooperatives Voluntary Employees Beneficiary Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Electric Cooperatives Voluntary Employees Beneficiary Association (EIN: 262483511) insufficient data. 0 red flags identified, 0 strengths noted.
How does Electric Cooperatives Voluntary Employees Beneficiary Association spend its money?
Detailed spending breakdown data is not yet available for Electric Cooperatives Voluntary Employees Beneficiary Association. Check back for updated IRS 990 analysis.
Are donations to Electric Cooperatives Voluntary Employees Beneficiary Association tax-deductible?
Electric Cooperatives Voluntary Employees Beneficiary Association is registered as a tax-exempt nonprofit (EIN: 262483511). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Electric Cooperatives Voluntary Employees Beneficiary Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Electric Cooperatives Voluntary Employees Beneficiary Association's revenue has grown by 145%, moving from $15.1M to $37.1M. Total assets increased by 113.7% over the same period, from $2.7M to $5.7M. Total functional expenses rose by 158.2%, from $14.9M to $38.4M. In its most recent filing year (2023), Electric Cooperatives Voluntary Employees Beneficiary Association reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $4.9M in liabilities against $5.7M in assets (debt-to-asset ratio: 85.1%), resulting in net assets of $850K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $37.1M | $38.4M | $5.7M | $4.9M | — | — |
| 2022 | $33.9M | $34.4M | $3.5M | $3.1M | — | View 990 |
| 2021 | $32.5M | $34.2M | $4.5M | $3.3M | — | View 990 |
| 2020 | $30.5M | $30.6M | $6.0M | $3.2M | — | — |
| 2019 | $27.9M | $31.3M | $6.7M | $3.6M | — | View 990 |
| 2018 | $25.1M | $26.5M | $8.8M | $2.7M | — | View 990 |
| 2017 | $24.2M | $25.3M | $11.0M | $2.6M | — | View 990 |
| 2016 | $23.8M | $24.2M | $11.3M | $2.6M | — | View 990 |
| 2015 | $24.5M | $22.8M | $11.7M | $2.7M | — | View 990 |
| 2014 | $22.3M | $18.5M | $10.2M | $2.5M | — | View 990 |
| 2013 | $22.3M | $18.5M | $6.1M | $2.4M | — | View 990 |
| 2012 | $15.2M | $16.0M | $1.7M | $1.9M | — | View 990 |
| 2011 | $15.1M | $14.9M | $2.7M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.1M, expenses of $38.4M, and assets of $5.7M (revenue +9.4% year-over-year).
- 2022: Revenue of $33.9M, expenses of $34.4M, and assets of $3.5M (revenue +4.4% year-over-year).
- 2021: Revenue of $32.5M, expenses of $34.2M, and assets of $4.5M (revenue +6.4% year-over-year).
- 2020: Revenue of $30.5M, expenses of $30.6M, and assets of $6.0M (revenue +9.4% year-over-year).
- 2019: Revenue of $27.9M, expenses of $31.3M, and assets of $6.7M (revenue +11.3% year-over-year).
- 2018: Revenue of $25.1M, expenses of $26.5M, and assets of $8.8M (revenue +3.5% year-over-year).
- 2017: Revenue of $24.2M, expenses of $25.3M, and assets of $11.0M (revenue +1.9% year-over-year).
- 2016: Revenue of $23.8M, expenses of $24.2M, and assets of $11.3M (revenue -2.8% year-over-year).
- 2015: Revenue of $24.5M, expenses of $22.8M, and assets of $11.7M (revenue +9.5% year-over-year).
- 2014: Revenue of $22.3M, expenses of $18.5M, and assets of $10.2M (revenue +0.2% year-over-year).
- 2013: Revenue of $22.3M, expenses of $18.5M, and assets of $6.1M (revenue +46.7% year-over-year).
- 2012: Revenue of $15.2M, expenses of $16.0M, and assets of $1.7M (revenue +0.4% year-over-year).
- 2011: Revenue of $15.1M, expenses of $14.9M, and assets of $2.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Electric Cooperatives Voluntary Employees Beneficiary Association:
Data Sources and Methodology
This transparency report for Electric Cooperatives Voluntary Employees Beneficiary Association 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.