Energy Supply Inc
Energy Supply Inc. operates with minimal revenue and assets, carrying significant liabilities.
EIN: 10530533 · Veazie, ME · NTEE: S40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $195 |
| Total Expenses | $195 |
| Program Spending | 80% |
| CEO/Top Officer Pay | $6,820. |
| Net Assets | $-6,819 |
| Transparency Score | 30/100 |
Is Energy Supply Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Energy Supply Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Energy Supply Inc
Energy Supply Inc (EIN: 10530533) is a nonprofit organization based in Veazie, ME, classified under NTEE code S40. The organization reported total revenue of $195 and total assets of $1 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Energy Supply Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Energy Supply Inc is a micro nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $195 |
| Total Expenses | $195 |
| Surplus / Deficit | +$0 |
| Total Assets | $1 |
| Total Liabilities | $7K |
| Net Assets | $-6,819 |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 682000.0% |
| Months of Reserves | 0.1 months |
Financial Health Grade: C
In 2023, Energy Supply Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.1 months of operating reserves (limited), has a debt-to-asset ratio of 682000.0% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.0% | +0.0% |
| 2022 | +0.0% | +0.0% | +0.0% |
| 2021 | +0.0% | +0.0% | +0.0% |
| 2020 | +0.0% | +0.0% | +0.0% |
| 2019 | +11.4% | +11.4% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2000 |
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 Supply Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Energy Supply Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% 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 $0, with revenue exceeding expenses.
- Debt-to-asset ratio: 682000.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating either a fully volunteer-run organization or that compensation is not being disclosed, which is unusual for an organization with liabilities of $6,820.
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 Supply Inc's IRS 990 filings:
- High liabilities ($6,820) relative to minimal assets ($1) and revenue ($195), indicating potential insolvency.
- Consistent break-even financials ($195 revenue, $195 expenses) with no asset growth over many years, suggesting lack of sustainability.
- Lack of detailed financial information beyond top-line figures makes it difficult to assess operational efficiency.
- Minimal financial activity ($195 revenue) for an organization with a Community Development NTEE code raises questions about program impact.
Strengths
The following positive indicators were identified for Energy Supply Inc:
- Consistent reporting of zero officer compensation, suggesting a volunteer-driven model.
- Consistent filing of IRS Form 990s, indicating a basic level of compliance.
Frequently Asked Questions about Energy Supply Inc
Is Energy Supply Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Energy Supply Inc (EIN: 10530533) significant concerns. Mission Score: 30/100. 4 red flags identified, 2 strengths noted.
How does Energy Supply Inc spend its money?
Energy Supply Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Energy Supply Inc tax-deductible?
Energy Supply Inc is registered as a tax-exempt nonprofit (EIN: 10530533). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Energy Supply Inc CEO make?
Energy Supply Inc's highest-compensated officer earns $6,820. annually. The organization reported $195 in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Energy Supply Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Energy Supply Inc is below average for NTEE category S40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Energy Supply Inc located?
Energy Supply Inc is headquartered in Veazie, Maine and files with the IRS under EIN 10530533. It is classified under NTEE code S40.
How many years of IRS 990 filings does Energy Supply Inc have?
Energy Supply 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 $195 in total revenue.
How does Energy Supply Inc. manage to operate with only $195 in annual revenue and $1 in assets?
The organization consistently reports $195 in revenue and expenses, suggesting a very limited scope of operations, possibly relying heavily on in-kind contributions or volunteer labor not reflected in financial statements, or operating on a cash-flow basis with no significant capital.
What is the nature of the $6,820 in liabilities, and how does the organization plan to address them?
The consistent high liabilities relative to minimal assets and revenue ($6,820 in liabilities vs. $1 in assets and $195 in revenue) suggest significant outstanding debts that are not being reduced, raising concerns about financial solvency and long-term viability.
Given the NTEE code S40 (Community Development), what specific programs or services does Energy Supply Inc. provide with its limited resources?
With only $195 in annual expenses, the scope of community development programs or services would be extremely limited, suggesting either a very niche, low-cost activity or that the organization's impact is minimal.
Is the organization truly volunteer-run, or is there undisclosed compensation?
The consistent reporting of 0% officer compensation across all filings suggests a volunteer-run model. However, for an organization with liabilities, it's important to ensure all financial activities, including any forms of compensation or benefits, are transparently reported.
Filing History
IRS 990 filing history for Energy Supply Inc showing financial trends over 13 years of public records:
Total assets increased by 0% over the same period, from $1 to $1. Total functional expenses fell by 27.8%, from $270 to $195. In its most recent filing year (2023), Energy Supply Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $7K in liabilities against $1 in assets (debt-to-asset ratio: 682000.0%), resulting in net assets of $-6,819.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $195 | $195 | $1 | $7K | — | — |
| 2022 | $195 | $195 | $1 | $7K | — | View 990 |
| 2021 | $195 | $195 | $1 | $7K | — | — |
| 2020 | $195 | $195 | $1 | $7K | — | — |
| 2019 | $195 | $195 | $1 | $7K | — | View 990 |
| 2018 | $175 | $175 | $1 | $7K | — | View 990 |
| 2017 | $0 | $300 | $1 | $7K | — | — |
| 2016 | $0 | $300 | $1 | $7K | — | View 990 |
| 2015 | $0 | $300 | $1 | $6K | — | View 990 |
| 2014 | $0 | $300 | $1 | $6K | — | View 990 |
| 2013 | $0 | $280 | $0 | $6K | — | View 990 |
| 2012 | $0 | $270 | $0 | $5K | — | View 990 |
| 2011 | $0 | $270 | $1 | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $195, expenses of $195, and assets of $1 (revenue +0.0% year-over-year).
- 2022: Revenue of $195, expenses of $195, and assets of $1 (revenue +0.0% year-over-year).
- 2021: Revenue of $195, expenses of $195, and assets of $1 (revenue +0.0% year-over-year).
- 2020: Revenue of $195, expenses of $195, and assets of $1 (revenue +0.0% year-over-year).
- 2019: Revenue of $195, expenses of $195, and assets of $1 (revenue +11.4% year-over-year).
- 2018: Revenue of $175, expenses of $175, and assets of $1.
- 2017: Revenue of $0, expenses of $300, and assets of $1.
- 2016: Revenue of $0, expenses of $300, and assets of $1.
- 2015: Revenue of $0, expenses of $300, and assets of $1.
- 2014: Revenue of $0, expenses of $300, and assets of $1.
- 2013: Revenue of $0, expenses of $280, and assets of $0.
- 2012: Revenue of $0, expenses of $270, and assets of $0.
- 2011: Revenue of $0, expenses of $270, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Energy Supply Inc:
Data Sources and Methodology
This transparency report for Energy Supply 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.