Midwest Renewable Energy Tracking System Inc
EIN: 263251122 · Minneapolis, MN · NTEE: C20
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $6.0M |
| Net Assets | $4.5M |
Is Midwest Renewable Energy Tracking System Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midwest Renewable Energy Tracking System Inc
Midwest Renewable Energy Tracking System Inc (EIN: 263251122) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code C20. The organization reported total revenue of $8.2M and total assets of $7.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Renewable Energy Tracking System Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Renewable Energy Tracking System Inc is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.7M |
| Total Expenses | $6.0M |
| Surplus / Deficit | $-362,336 |
| Total Assets | $5.4M |
| Total Liabilities | $895K |
| Net Assets | $4.5M |
| Operating Margin | -6.4% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 10.7 months |
Financial Health Grade: B
In 2023, Midwest Renewable Energy Tracking System Inc reported a deficit of $362K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Midwest Renewable Energy Tracking System Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +57.9% | -3.3% |
| 2022 | +150.0% | +118.4% | +75.0% |
| 2021 | +24.7% | +3.3% | +31.1% |
| 2020 | +8.2% | +22.5% | +10.3% |
| 2019 | -2.5% | +22.3% | +20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midwest Renewable Energy Tracking System Inc 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 Midwest Renewable Energy Tracking System Inc 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 $362K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.6%.
Frequently Asked Questions about Midwest Renewable Energy Tracking System Inc
Is Midwest Renewable Energy Tracking System Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Midwest Renewable Energy Tracking System Inc (EIN: 263251122) insufficient data. 0 red flags identified, 0 strengths noted.
How does Midwest Renewable Energy Tracking System Inc spend its money?
Detailed spending breakdown data is not yet available for Midwest Renewable Energy Tracking System Inc. Check back for updated IRS 990 analysis.
Are donations to Midwest Renewable Energy Tracking System Inc tax-deductible?
Midwest Renewable Energy Tracking System Inc is registered as a tax-exempt nonprofit (EIN: 263251122). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midwest Renewable Energy Tracking System Inc located?
Midwest Renewable Energy Tracking System Inc is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 263251122. It is classified under NTEE code C20.
How many years of IRS 990 filings does Midwest Renewable Energy Tracking System Inc have?
Midwest Renewable Energy Tracking System 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 $8.2M in total revenue.
Filing History
IRS 990 filing history for Midwest Renewable Energy Tracking System Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Midwest Renewable Energy Tracking System Inc's revenue has grown by 279.5%, moving from $1.5M to $5.7M. Total assets increased by 692.5% over the same period, from $679K to $5.4M. Total functional expenses rose by 625.1%, from $832K to $6.0M. In its most recent filing year (2023), Midwest Renewable Energy Tracking System Inc reported a deficit of $362K, with expenses exceeding revenue. The organization holds $895K in liabilities against $5.4M in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $4.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $6.0M | $5.4M | $895K | — | View 990 |
| 2022 | $5.8M | $3.8M | $5.6M | $718K | — | View 990 |
| 2021 | $2.3M | $1.7M | $3.2M | $358K | — | — |
| 2020 | $1.9M | $1.7M | $2.4M | $193K | — | — |
| 2019 | $1.7M | $1.4M | $2.2M | $147K | — | View 990 |
| 2018 | $1.8M | $1.1M | $1.8M | $124K | — | View 990 |
| 2017 | $1.6M | $1.1M | $1.1M | $94K | — | View 990 |
| 2016 | $1.2M | $1.0M | $631K | $98K | — | View 990 |
| 2015 | $1.0M | $1.3M | $459K | $130K | — | View 990 |
| 2014 | $991K | $1.0M | $757K | $103K | — | View 990 |
| 2013 | $1.0M | $1.1M | $716K | $36K | — | View 990 |
| 2012 | $1.1M | $1.0M | $752K | $22K | — | View 990 |
| 2011 | $1.5M | $832K | $679K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $6.0M, and assets of $5.4M (revenue -3.0% year-over-year).
- 2022: Revenue of $5.8M, expenses of $3.8M, and assets of $5.6M (revenue +150.0% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.7M, and assets of $3.2M (revenue +24.7% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $2.4M (revenue +8.2% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.4M, and assets of $2.2M (revenue -2.5% year-over-year).
- 2018: Revenue of $1.8M, expenses of $1.1M, and assets of $1.8M (revenue +8.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.1M, and assets of $1.1M (revenue +34.0% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $631K (revenue +21.9% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.3M, and assets of $459K (revenue +1.0% year-over-year).
- 2014: Revenue of $991K, expenses of $1.0M, and assets of $757K (revenue -1.1% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $716K (revenue -7.0% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.0M, and assets of $752K (revenue -27.9% year-over-year).
- 2011: Revenue of $1.5M, expenses of $832K, and assets of $679K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Renewable Energy Tracking System Inc:
Data Sources and Methodology
This transparency report for Midwest Renewable Energy Tracking System 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.