Nodak Electric Trust
EIN: 450453582 · Grand Forks, ND · NTEE: T123
| Metric | Value |
|---|---|
| Total Revenue | $52K |
| Total Expenses | $50K |
| Net Assets | $13K |
Is Nodak Electric Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nodak Electric Trust
Nodak Electric Trust (EIN: 450453582) is a nonprofit organization based in Grand Forks, ND, classified under NTEE code T123. The organization reported total revenue of $52K and total assets of $14K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nodak Electric Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nodak Electric Trust is a micro nonprofit that has been operating for 27 years, with 9 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $50K |
| Total Expenses | $50K |
| Surplus / Deficit | $-553 |
| Total Assets | $13K |
| Net Assets | $13K |
| Operating Margin | -1.1% |
| Months of Reserves | 3.1 months |
Financial Health Grade: B
In 2021, Nodak Electric Trust reported a deficit of $553 with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate).
Financial Trends
Over 9 years of filings (2011–2021), Nodak Electric Trust's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -3.8% | -9.3% | -20.4% |
| 2018 | +2.2% | +11.4% | -18.9% |
| 2017 | +1.5% | +15.5% | +4.1% |
| 2016 | +1.6% | -11.2% | +54.7% |
| 2015 | +6.1% | +4.3% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nodak Electric Trust 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 Nodak Electric Trust 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 (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $553, with expenses exceeding revenue.
Frequently Asked Questions about Nodak Electric Trust
Is Nodak Electric Trust a legitimate charity?
Nodak Electric Trust (EIN: 450453582) is a registered tax-exempt nonprofit based in North Dakota. It has 9 years of IRS 990 filings on record. Total revenue: $52K. No red flags identified. Financial health grade: B.
How does Nodak Electric Trust spend its money?
Nodak Electric Trust reported $52K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nodak Electric Trust tax-deductible?
Nodak Electric Trust is registered as a tax-exempt nonprofit (EIN: 450453582). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nodak Electric Trust located?
Nodak Electric Trust is headquartered in Grand Forks, North Dakota and files with the IRS under EIN 450453582. It is classified under NTEE code T123.
How many years of IRS 990 filings does Nodak Electric Trust have?
Nodak Electric Trust has 9 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 $52K in total revenue.
Filing History
IRS 990 filing history for Nodak Electric Trust showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2021), Nodak Electric Trust's revenue has grown by 5.8%, moving from $47K to $50K. Total assets decreased by 20.8% over the same period, from $16K to $13K. Total functional expenses rose by 20.8%, from $42K to $50K. In its most recent filing year (2021), Nodak Electric Trust reported a deficit of $553, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $50K | $50K | $13K | $0 | — | — |
| 2018 | $52K | $55K | $16K | $0 | — | View 990 |
| 2017 | $50K | $50K | $20K | $0 | — | View 990 |
| 2016 | $50K | $43K | $19K | $0 | — | View 990 |
| 2015 | $49K | $48K | $12K | $0 | — | View 990 |
| 2014 | $46K | $46K | $12K | $0 | — | View 990 |
| 2013 | $48K | $50K | $12K | $0 | — | View 990 |
| 2012 | $50K | $52K | $14K | $0 | — | View 990 |
| 2011 | $47K | $42K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $50K, expenses of $50K, and assets of $13K (revenue -3.8% year-over-year).
- 2018: Revenue of $52K, expenses of $55K, and assets of $16K (revenue +2.2% year-over-year).
- 2017: Revenue of $50K, expenses of $50K, and assets of $20K (revenue +1.5% year-over-year).
- 2016: Revenue of $50K, expenses of $43K, and assets of $19K (revenue +1.6% year-over-year).
- 2015: Revenue of $49K, expenses of $48K, and assets of $12K (revenue +6.1% year-over-year).
- 2014: Revenue of $46K, expenses of $46K, and assets of $12K (revenue -3.7% year-over-year).
- 2013: Revenue of $48K, expenses of $50K, and assets of $12K (revenue -3.3% year-over-year).
- 2012: Revenue of $50K, expenses of $52K, and assets of $14K (revenue +5.7% year-over-year).
- 2011: Revenue of $47K, expenses of $42K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nodak Electric Trust:
Data Sources and Methodology
This transparency report for Nodak 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.