Energy Cooperative Of America Inc
Energy Cooperative Of America Inc reports volatile revenues, including significant losses in 2021 and 2022, but consistently maintains assets and reports no officer compensation.
EIN: 161537883 · Amherst, NY · NTEE: Y22 · Updated: 2026-03-28
Is Energy Cooperative Of America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Energy Cooperative Of America Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Energy Cooperative Of America Inc
Energy Cooperative Of America Inc (EIN: 161537883) is a nonprofit organization based in Amherst, NY, classified under NTEE code Y22. The organization reported total revenue of $38.4M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Energy Cooperative Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Energy Cooperative Of America Inc is a large nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$2.5M |
| Total Assets | $8.4M |
| Total Liabilities | $4.7M |
| Net Assets | $3.6M |
| Operating Margin | 69.7% |
| Debt-to-Asset Ratio | 56.5% |
| Months of Reserves | 92.5 months |
Financial Health Grade: A
In 2023, Energy Cooperative Of America Inc reported a surplus of $2.5M with revenue exceeding expenses, holds 92.5 months of operating reserves (strong position), has a debt-to-asset ratio of 56.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Energy Cooperative Of America Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -149.5% | -0.4% | -9.0% |
| 2020 | -20.5% | -13.7% | +5.0% |
| 2019 | +51.5% | +4.9% | -6.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 2002 |
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 Energy Cooperative Of America Inc with a Mission Score of 70 out of 100 (Good). 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, Energy Cooperative Of America Inc 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 $2.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.5%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is a strong positive for minimizing administrative costs related to executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Energy Cooperative Of America Inc's IRS 990 filings:
- Significant negative revenue reported in 2021 ($-830,770) and 2022 ($-1,238,432), indicating substantial financial losses or unusual accounting events.
- High volatility in annual revenue, making financial forecasting and stability assessment challenging.
- Liabilities in 2022 ($7,067,764) were nearly as high as assets ($8,211,640), indicating a potentially high debt-to-asset ratio.
Strengths
The following positive indicators were identified for Energy Cooperative Of America Inc:
- Consistent reporting of 0% officer compensation across all filings, demonstrating a commitment to minimizing executive overhead.
- Maintained a stable asset base, generally between $8M and $9M, despite revenue fluctuations.
- Positive revenue and a surplus in the most recent filing (2023: Revenue=$3,574,337, Expenses=$1,084,100), suggesting a potential recovery or improved financial performance.
Frequently Asked Questions about Energy Cooperative Of America Inc
Is Energy Cooperative Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Energy Cooperative Of America Inc (EIN: 161537883) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Energy Cooperative Of America Inc spend its money?
Energy Cooperative Of America Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Energy Cooperative Of America Inc tax-deductible?
Energy Cooperative Of America Inc is registered as a tax-exempt nonprofit (EIN: 161537883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the negative revenue reported in 2021 and 2022?
The filings show revenue of $-830,770 in 2021 and $-1,238,432 in 2022. Understanding the specific accounting or operational reasons for these significant negative figures is crucial for assessing financial stability.
What is the detailed breakdown of expenses beyond the total figures?
While total expenses are provided, a detailed breakdown into program services, administrative, and fundraising expenses is needed to fully evaluate spending efficiency and program focus.
How does the organization manage its liabilities given the revenue volatility?
Liabilities have fluctuated, reaching $7,067,764 in 2022. Understanding the strategy for managing these liabilities, especially during periods of negative revenue, is important.
Filing History
IRS 990 filing history for Energy Cooperative Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Energy Cooperative Of America Inc's revenue has grown by 102.5%, moving from $1.8M to $3.6M. Total assets increased by 2.9% over the same period, from $8.1M to $8.4M. Total functional expenses fell by 6.7%, from $1.2M to $1.1M. In its most recent filing year (2023), Energy Cooperative Of America Inc reported a surplus of $2.5M, with revenue exceeding expenses. The organization holds $4.7M in liabilities against $8.4M in assets (debt-to-asset ratio: 56.5%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $1.1M | $8.4M | $4.7M | — | View 990 |
| 2022 | $-1,238,432 | $1.3M | $8.2M | $7.1M | — | — |
| 2021 | $-830,770 | $1.1M | $8.2M | $4.6M | — | View 990 |
| 2020 | $1.7M | $1.1M | $9.1M | $3.4M | — | — |
| 2019 | $2.1M | $1.3M | $8.6M | $3.5M | — | View 990 |
| 2018 | $1.4M | $1.3M | $9.2M | $4.9M | — | View 990 |
| 2017 | $1.2M | $1.0M | $9.3M | $5.1M | — | View 990 |
| 2016 | $1.2M | $938K | $7.6M | $3.6M | — | View 990 |
| 2015 | $1.3M | $1.2M | $7.1M | $3.4M | — | View 990 |
| 2014 | $1.3M | $1.2M | $8.6M | $5.0M | — | View 990 |
| 2013 | $1.4M | $1.3M | $9.9M | $6.2M | — | View 990 |
| 2012 | $1.1M | $1.0M | $8.3M | $4.7M | — | View 990 |
| 2011 | $1.8M | $1.2M | $8.1M | $4.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $1.1M, and assets of $8.4M.
- 2022: Revenue of $-1,238,432, expenses of $1.3M, and assets of $8.2M.
- 2021: Revenue of $-830,770, expenses of $1.1M, and assets of $8.2M (revenue -149.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.1M, and assets of $9.1M (revenue -20.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.3M, and assets of $8.6M (revenue +51.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $9.2M (revenue +19.1% year-over-year).
- 2017: Revenue of $1.2M, expenses of $1.0M, and assets of $9.3M (revenue -5.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $938K, and assets of $7.6M (revenue -2.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $7.1M (revenue +1.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.2M, and assets of $8.6M (revenue -10.3% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $9.9M (revenue +25.3% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $8.3M (revenue -36.6% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.2M, and assets of $8.1M.
Data Sources and Methodology
This transparency report for Energy Cooperative Of America 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.