Lake Country Power Electric Tr
Lake Country Power Electric Tr consistently operates near break-even with no reported officer compensation.
EIN: 206179494 · Cohasset, MN · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $211K |
| Program Spending | 90% |
| Net Assets | $36K |
| Transparency Score | 85/100 |
Is Lake Country Power Electric Tr Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lake Country Power Electric Tr directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Country Power Electric Tr
Lake Country Power Electric Tr (EIN: 206179494) is a nonprofit organization based in Cohasset, MN, classified under NTEE code T30. The organization reported total revenue of $234K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Country Power Electric Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Country Power Electric Tr is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $211K |
| Surplus / Deficit | $-472 |
| Total Assets | $36K |
| Net Assets | $36K |
| Operating Margin | -0.2% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, Lake Country Power Electric Tr reported a deficit of $472 with expenses exceeding revenue, holds 2.0 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Lake Country Power Electric Tr's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | -0.7% | -1.3% |
| 2022 | +1.7% | -2.5% | -6.2% |
| 2021 | +4.2% | +20.9% | -22.5% |
| 2020 | +0.8% | -10.6% | +56.6% |
| 2019 | +2.1% | +6.8% | -13.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
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 Lake Country Power Electric Tr with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Lake Country Power Electric Tr 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 deficit of $472, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that the organization does not pay its officers, which is highly unusual for an organization of any size and suggests a volunteer-led or extremely lean operational model.
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 Lake Country Power Electric Tr's IRS 990 filings:
- Lack of detailed expense breakdown makes full spending efficiency analysis difficult.
Strengths
The following positive indicators were identified for Lake Country Power Electric Tr:
- Consistent reporting of zero officer compensation, indicating high efficiency in leadership costs.
- Stable financial operations, consistently operating near break-even.
- Zero reported liabilities across all filings, indicating strong financial solvency.
Frequently Asked Questions about Lake Country Power Electric Tr
Is Lake Country Power Electric Tr a legitimate charity?
Lake Country Power Electric Tr (EIN: 206179494) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $234K. 1 red flag identified. 3 strengths noted. Financial health grade: C.
How does Lake Country Power Electric Tr spend its money?
Lake Country Power Electric Tr directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lake Country Power Electric Tr tax-deductible?
Lake Country Power Electric Tr is registered as a tax-exempt nonprofit (EIN: 206179494). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lake Country Power Electric Tr compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Lake Country Power Electric Tr is above average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Country Power Electric Tr located?
Lake Country Power Electric Tr is headquartered in Cohasset, Minnesota and files with the IRS under EIN 206179494. It is classified under NTEE code T30.
How many years of IRS 990 filings does Lake Country Power Electric Tr have?
Lake Country Power Electric Tr 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 $234K in total revenue.
How does Lake Country Power Electric Tr manage to operate with zero officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization is either entirely volunteer-run at the leadership level or that compensation is structured in a way that is not reported as 'officer compensation' on the 990, though the latter is less likely given the consistent reporting.
What are the primary sources of revenue for Lake Country Power Electric Tr?
Without detailed 990 schedules, the specific sources of revenue are not explicitly stated beyond the total revenue figures. Given the name 'Electric Tr', it's plausible revenue comes from services related to electric power or trust activities.
What specific programs does Lake Country Power Electric Tr operate?
The NTEE code T30 (Electric Utilities) suggests the organization is involved in electric utility services. However, the 990 data alone does not provide specific program details beyond this classification.
Filing History
IRS 990 filing history for Lake Country Power Electric Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Lake Country Power Electric Tr's revenue has grown by 17.7%, moving from $179K to $211K. Total assets increased by 2.8% over the same period, from $35K to $36K. Total functional expenses rose by 18.4%, from $179K to $211K. In its most recent filing year (2023), Lake Country Power Electric Tr reported a deficit of $472, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $211K | $36K | $0 | — | — |
| 2022 | $211K | $213K | $37K | $0 | — | — |
| 2021 | $207K | $218K | $39K | $0 | — | View 990 |
| 2020 | $199K | $181K | $50K | $0 | — | View 990 |
| 2019 | $197K | $202K | $32K | $0 | — | View 990 |
| 2018 | $193K | $189K | $37K | $0 | — | View 990 |
| 2017 | $188K | $185K | $33K | $0 | — | — |
| 2016 | $182K | $183K | $30K | $0 | — | View 990 |
| 2015 | $172K | $179K | $31K | $0 | — | View 990 |
| 2014 | $168K | $157K | $39K | $0 | — | View 990 |
| 2013 | $160K | $158K | $33K | $5K | — | View 990 |
| 2012 | $179K | $182K | $31K | $5K | — | View 990 |
| 2011 | $179K | $179K | $35K | $6K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $211K, and assets of $36K (revenue +0.2% year-over-year).
- 2022: Revenue of $211K, expenses of $213K, and assets of $37K (revenue +1.7% year-over-year).
- 2021: Revenue of $207K, expenses of $218K, and assets of $39K (revenue +4.2% year-over-year).
- 2020: Revenue of $199K, expenses of $181K, and assets of $50K (revenue +0.8% year-over-year).
- 2019: Revenue of $197K, expenses of $202K, and assets of $32K (revenue +2.1% year-over-year).
- 2018: Revenue of $193K, expenses of $189K, and assets of $37K (revenue +2.5% year-over-year).
- 2017: Revenue of $188K, expenses of $185K, and assets of $33K (revenue +3.5% year-over-year).
- 2016: Revenue of $182K, expenses of $183K, and assets of $30K (revenue +6.0% year-over-year).
- 2015: Revenue of $172K, expenses of $179K, and assets of $31K (revenue +2.4% year-over-year).
- 2014: Revenue of $168K, expenses of $157K, and assets of $39K (revenue +4.4% year-over-year).
- 2013: Revenue of $160K, expenses of $158K, and assets of $33K (revenue -10.3% year-over-year).
- 2012: Revenue of $179K, expenses of $182K, and assets of $31K (revenue -0.1% year-over-year).
- 2011: Revenue of $179K, expenses of $179K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Country Power Electric Tr:
Data Sources and Methodology
This transparency report for Lake Country Power Electric Tr 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.