Ocean Renewable Energy Coalition
EIN: 342048696 · Portland, OR
| Metric | Value |
|---|---|
| Total Expenses | $122K |
| Net Assets | $2K |
Is Ocean Renewable Energy Coalition Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ocean Renewable Energy Coalition
Ocean Renewable Energy Coalition (EIN: 342048696) is a nonprofit organization based in Portland, OR. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Renewable Energy Coalition's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Renewable Energy Coalition is a small nonprofit, with 2 years of IRS 990 filings on record (2011–2012). Revenue has grown at a compound annual rate of 23.3%.
Key Financial Metrics (2012)
From the most recent IRS 990 filing on record:
| Total Revenue | $121K |
| Total Expenses | $122K |
| Surplus / Deficit | $-1,858 |
| Total Assets | $5K |
| Total Liabilities | $3K |
| Net Assets | $2K |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 58.5% |
| Months of Reserves | 0.4 months |
Financial Health Grade: D
In 2012, Ocean Renewable Energy Coalition reported a deficit of $2K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 58.5% (high leverage).
Financial Trends
Over 2 years of filings (2011–2012), Ocean Renewable Energy Coalition's revenue has grown at a compound annual growth rate (CAGR) of 23.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2012 | +23.3% | +30.8% | +434.3% |
AI Analysis Pending
AI enrichment for Ocean Renewable Energy Coalition 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 Ocean Renewable Energy Coalition 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 (2012)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 58.5%.
Frequently Asked Questions about Ocean Renewable Energy Coalition
Is Ocean Renewable Energy Coalition a legitimate charity?
Ocean Renewable Energy Coalition (EIN: 342048696) is a registered tax-exempt nonprofit based in Oregon. It has 2 years of IRS 990 filings on record. No red flags identified. Financial health grade: D.
How does Ocean Renewable Energy Coalition spend its money?
Ocean Renewable Energy Coalition reported its financials in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ocean Renewable Energy Coalition tax-deductible?
Ocean Renewable Energy Coalition is registered as a tax-exempt nonprofit (EIN: 342048696). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean Renewable Energy Coalition located?
Ocean Renewable Energy Coalition is headquartered in Portland, Oregon and files with the IRS under EIN 342048696.
How many years of IRS 990 filings does Ocean Renewable Energy Coalition have?
Ocean Renewable Energy Coalition has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Filing History
IRS 990 filing history for Ocean Renewable Energy Coalition showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2011–2012), Ocean Renewable Energy Coalition's revenue has grown by 23.3%, moving from $98K to $121K. Total assets increased by 434.3% over the same period, from $852 to $5K. Total functional expenses rose by 30.8%, from $94K to $122K. In its most recent filing year (2012), Ocean Renewable Energy Coalition reported a deficit of $2K, with expenses exceeding revenue. The organization holds $3K in liabilities against $5K in assets (debt-to-asset ratio: 58.5%), resulting in net assets of $2K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2012 | $121K | $122K | $5K | $3K | — | View 990 |
| 2011 | $98K | $94K | $852 | $-2,893 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Renewable Energy Coalition:
Data Sources and Methodology
This transparency report for Ocean Renewable Energy Coalition 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.