Lake Region Electric Trust
Lake Region Electric Trust maintains stable finances with zero executive compensation and growing assets.
EIN: 205114301 · Pel Rapids, MN · NTEE: T31 · Updated: 2026-03-28
Source Check Matrix
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Lake Region Electric Trust is mapped to EIN 205114301.
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7 stored filing years available.
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7 stored filing years available.
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90% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $150K |
| Total Expenses | $113K |
| Program Spending | 90% |
| Net Assets | $232K |
| Transparency Score | 95/100 |
Search Intent Cockpit
Lake Region Electric Trust Form 990, Revenue, CEO Pay, and IRS Filing Signals
Lake Region Electric Trust is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Lake Region Electric Trust in one place.
Form 990 Filing Summary
7 filing years are available, with latest revenue of $142K and expenses of $113K.
Revenue and Expenses
Lake Region Electric Trust reported $142K in revenue and $113K in expenses, a surplus of $29K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
95/100 mission score, 0 red flags, and 5 strengths are shown from structured and AI review.
Is Lake Region Electric Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $102K (90%) |
Across stored filings, Lake Region Electric Trust shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Appears Legitimate | Good filing record; no red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 7 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Philanthropy context |
Trust Check
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Lake Region Electric Trust directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Lake Region Electric Trust
Lake Region Electric Trust (EIN: 205114301) is a nonprofit organization based in Pel Rapids, MN, classified under NTEE code T31. The organization reported total revenue of $150K and total assets of $224K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lake Region Electric Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lake Region Electric Trust is a small nonprofit that has been operating for 16 years, with 7 years of IRS 990 filings on record (2017–2023). 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 | $142K |
| Total Expenses | $113K |
| Surplus / Deficit | +$29K |
| Total Assets | $232K |
| Net Assets | $232K |
| Operating Margin | 20.2% |
| Months of Reserves | 24.6 months |
Financial Health Grade: A
In 2023, Lake Region Electric Trust reported a surplus of $29K with revenue exceeding expenses, holds 24.6 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Lake Region Electric Trust's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.2% | +39.9% | +14.1% |
| 2022 | -2.6% | -17.8% | +23.4% |
| 2021 | -3.4% | +142.8% | +21.4% |
| 2020 | +1370.2% | -58.5% | +173.2% |
| 2019 | -91.2% | +17.4% | -64.1% |
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 Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lake Region Electric Trust with a Mission Score of 95 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 Region Electric Trust 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 $29K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no funds are allocated to officer salaries, which is highly commendable for an organization of its size.
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.
Strengths
The following positive indicators were identified for Lake Region Electric Trust:
- Consistently 0% officer compensation across all filings.
- Growing asset base, reaching $232,105 in 202312.
- No reported liabilities in the latest filing (202312).
- Stable revenue stream, with $141,777 in 202312.
- Strong financial health with revenues consistently exceeding expenses in recent periods.
Frequently Asked Questions about Lake Region Electric Trust
Is Lake Region Electric Trust a legitimate charity?
Lake Region Electric Trust (EIN: 205114301) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 95/100. It has 7 years of IRS 990 filings on record. Total revenue: $150K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Lake Region Electric Trust spend its money?
Lake Region Electric Trust directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Lake Region Electric Trust tax-deductible?
Lake Region Electric Trust is registered as a tax-exempt nonprofit (EIN: 205114301). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Lake Region Electric Trust compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Lake Region Electric Trust is above average for NTEE category T31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lake Region Electric Trust located?
Lake Region Electric Trust is headquartered in Pel Rapids, Minnesota and files with the IRS under EIN 205114301. It is classified under NTEE code T31.
How many years of IRS 990 filings does Lake Region Electric Trust have?
Lake Region Electric Trust has 7 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 $150K in total revenue.
Is Lake Region Electric Trust a good charity?
Based on its financial data, Lake Region Electric Trust appears to be a very good charity. It consistently reports 0% officer compensation, maintains a healthy asset base (latest at $232,105), and has no reported liabilities in its most recent filing, indicating strong financial stewardship and a clear focus on its mission.
How efficiently does Lake Region Electric Trust use its donations?
The organization appears to use its donations very efficiently. With 0% officer compensation and a consistent surplus of revenue over expenses in most recent years (e.g., $141,777 revenue vs. $113,110 expenses in 202312), a significant portion of funds is available for program activities and asset growth, rather than administrative overhead or executive salaries.
What is the trend in Lake Region Electric Trust's assets?
Lake Region Electric Trust has shown a consistent upward trend in its assets, growing from $123,970 in 201712 to $232,105 in 202312, indicating strong financial management and accumulation of resources over time.
Filing History
IRS 990 filing history for Lake Region Electric Trust showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Lake Region Electric Trust's revenue has declined by 8.4%, moving from $155K to $142K. Total assets increased by 87.2% over the same period, from $124K to $232K. Total functional expenses rose by 201.8%, from $37K to $113K. In its most recent filing year (2023), Lake Region Electric Trust reported a surplus of $29K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $142K | $113K | $232K | $0 | — | — |
| 2022 | $119K | $81K | $203K | $6K | — | View 990 |
| 2021 | $122K | $98K | $165K | $6K | — | View 990 |
| 2020 | $126K | $41K | $136K | $375 | — | — |
| 2019 | $9K | $98K | $50K | $0 | — | View 990 |
| 2018 | $98K | $83K | $139K | $0 | — | View 990 |
| 2017 | $155K | $37K | $124K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $142K, expenses of $113K, and assets of $232K (revenue +19.2% year-over-year).
- 2022: Revenue of $119K, expenses of $81K, and assets of $203K (revenue -2.6% year-over-year).
- 2021: Revenue of $122K, expenses of $98K, and assets of $165K (revenue -3.4% year-over-year).
- 2020: Revenue of $126K, expenses of $41K, and assets of $136K (revenue +1370.2% year-over-year).
- 2019: Revenue of $9K, expenses of $98K, and assets of $50K (revenue -91.2% year-over-year).
- 2018: Revenue of $98K, expenses of $83K, and assets of $139K (revenue -36.7% year-over-year).
- 2017: Revenue of $155K, expenses of $37K, and assets of $124K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lake Region Electric Trust:
Data Sources and Methodology
This transparency report for Lake Region Electric Trust 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.