Oneida Madison Electric Cooperative Inc

Oneida Madison Electric Cooperative consistently operates at break-even, reporting 0% officer compensation.

EIN: 150405592 · Bouckville, NY · NTEE: W80Z · Updated: 2026-03-28

$3.6MRevenue
$7.0MAssets
95/100Mission Score (Excellent)
W80Z

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Oneida Madison Electric Cooperative Inc Financial Summary
MetricValue
Total Revenue$3.6M
Total Expenses$3.3M
Program Spending100%
Net Assets$3.5M
Transparency Score95/100

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Oneida Madison Electric Cooperative Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Oneida Madison Electric Cooperative Inc 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 Oneida Madison Electric Cooperative Inc in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $3.3M and expenses of $3.3M.

Revenue and Expenses

Oneida Madison Electric Cooperative Inc reported $3.3M in revenue and $3.3M in expenses, a surplus of $0.

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 4 strengths are shown from structured and AI review.

Is Oneida Madison Electric Cooperative Inc Legit?

Appears Legitimate

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
NoneRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
100%Program Expense
$0Grants Paid
13Stored Filing Years

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

Oneida Madison Electric Cooperative Inc Expense Deployment
Program services$3.3M (100%)

Across stored filings, Oneida Madison Electric Cooperative Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Oneida Madison Electric Cooperative Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacyAppears LegitimateGood filing record; no red flags identified
Mission spend100% to programsExcellent
Financial durabilityGrade A13 stored filing years
Peer contextCompare with Healthy Capital District InitiativeNew York and Category W context

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Oneida Madison Electric Cooperative Inc directs 100% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Oneida Madison Electric Cooperative Inc

Oneida Madison Electric Cooperative Inc (EIN: 150405592) is a nonprofit organization based in Bouckville, NY, classified under NTEE code W80Z. The organization reported total revenue of $3.6M and total assets of $7.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Oneida Madison Electric Cooperative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

62Years Operating
Mid-SizeSize Classification
13Years of Filings
MixedRevenue Trajectory

Oneida Madison Electric Cooperative Inc is a mid-size nonprofit that has been operating for 62 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$3.3M
Total Expenses$3.3M
Surplus / Deficit+$0
Total Assets$6.8M
Total Liabilities$3.3M
Net Assets$3.5M
Operating Margin0.0%
Debt-to-Asset Ratio48.4%
Months of Reserves24.8 months

Financial Health Grade: A

In 2023, Oneida Madison Electric Cooperative Inc reported a surplus of $0 with revenue exceeding expenses, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 48.4% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Oneida Madison Electric Cooperative Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.

YearRevenue ChangeExpense ChangeAsset Change
2023+2.4%+2.4%-9.1%
2022+12.8%+12.8%+-0.0%
2021+3.7%+3.7%+0.4%
2020+4.0%+4.0%+4.6%
2019-0.7%-2.3%+10.3%

IRS Tax-Exempt Classification

IRS Classification Codes4000
IRS Ruling Date1964

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Oneida Madison Electric Cooperative Inc operates as a utility cooperative, which is reflected in its financial statements. For several years, including 2019-2023, the organization reported identical revenue and expense figures, indicating a break-even operational model typical for cooperatives that aim to provide services at cost to their members. This consistent financial pattern suggests stable operations and effective cost management. The cooperative maintains a healthy asset base, with assets of $7,042,679 against liabilities of $3,308,595 in the latest filing, demonstrating a solid financial position. The organization's transparency is high, particularly concerning executive compensation, as it consistently reports 0% officer compensation across all available filings. This indicates that the cooperative's leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a strong indicator of member-focused governance. The NTEE code W80Z, 'Electric Utilities, Cooperatives', further clarifies its operational nature, which is distinct from traditional charities in its financial objectives and structure. Given its cooperative structure, the concept of 'spending efficiency' differs from that of a typical grant-making or service-providing charity. The primary goal is to efficiently deliver electricity to its members, and the consistent break-even financials suggest that it is achieving this without accumulating significant surpluses or deficits. The lack of reported fundraising expenses is also consistent with a member-owned utility model, where revenue is primarily derived from service fees rather than donations.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Oneida Madison Electric Cooperative Inc 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: 0%
  • programs: 100%
  • fundraising: 0%

According to IRS 990 filings, Oneida Madison Electric Cooperative Inc allocates its expenses as follows: admin: 0%, programs: 100%, fundraising: 0%. With 100% 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:

$3.3MTotal Revenue
$3.3MTotal Expenses
$6.8MTotal Assets
$3.3MTotal Liabilities
$3.5MNet Assets
  • The organization reported a surplus of $0, with revenue exceeding expenses.
  • Debt-to-asset ratio: 48.4%.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated in a manner not reported as officer compensation on the 990, which is highly favorable for a member-owned cooperative.

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 Oneida Madison Electric Cooperative Inc:

  • Consistent break-even operations, indicating effective cost management for a cooperative.
  • 0% officer compensation reported across all filings, suggesting strong member-focused governance and cost efficiency.
  • Healthy asset base ($7,042,679 in latest filing) relative to liabilities ($3,308,595), indicating financial stability.
  • Stable revenue growth over the past few years (e.g., from $2,650,060 in 2019 to $3,299,294 in 2023).

Frequently Asked Questions about Oneida Madison Electric Cooperative Inc

Is Oneida Madison Electric Cooperative Inc a legitimate charity?

Oneida Madison Electric Cooperative Inc (EIN: 150405592) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.6M. No red flags identified. 4 strengths noted. Financial health grade: A.

How does Oneida Madison Electric Cooperative Inc spend its money?

Oneida Madison Electric Cooperative Inc directs 100% of its spending to programs and services. This exceeds the 65% industry benchmark.

Are donations to Oneida Madison Electric Cooperative Inc tax-deductible?

Oneida Madison Electric Cooperative Inc is registered as a tax-exempt nonprofit (EIN: 150405592). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does Oneida Madison Electric Cooperative Inc compare to similar nonprofits?

With a transparency score of 95/100 (Excellent), Oneida Madison Electric Cooperative Inc is above average for NTEE category W80Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Oneida Madison Electric Cooperative Inc located?

Oneida Madison Electric Cooperative Inc is headquartered in Bouckville, New York and files with the IRS under EIN 150405592. It is classified under NTEE code W80Z.

How many years of IRS 990 filings does Oneida Madison Electric Cooperative Inc have?

Oneida Madison Electric Cooperative 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 $3.6M in total revenue.

Is Oneida Madison Electric Cooperative Inc a good charity?

As an electric utility cooperative (NTEE W80Z), it functions differently from a traditional charity. Its primary mission is to provide electric services to its members at cost, not to generate charitable impact in the conventional sense. Financially, it appears well-managed and transparent, especially with 0% officer compensation.

How does the cooperative manage its finances given the consistent break-even reporting?

The consistent reporting of equal revenues and expenses (e.g., $3,299,294 revenue and expenses in 2023) is typical for a cooperative. This indicates that the organization is effectively managing its costs to match its income from member services, aiming to provide services at cost rather than generating profit.

What is the significance of 0% officer compensation?

The 0% officer compensation reported across all filings is a strong indicator of either volunteer leadership or that compensation for leadership roles is structured in a way that does not fall under 'officer compensation' on the 990. This suggests a high degree of member-centric governance and cost efficiency in leadership.

Filing History

IRS 990 filing history for Oneida Madison Electric Cooperative Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Oneida Madison Electric Cooperative Inc's revenue has grown by 30.4%, moving from $2.5M to $3.3M. Total assets decreased by 5.1% over the same period, from $7.2M to $6.8M. Total functional expenses rose by 30.4%, from $2.5M to $3.3M. In its most recent filing year (2023), Oneida Madison Electric Cooperative Inc reported a surplus of $0, with revenue exceeding expenses. The organization holds $3.3M in liabilities against $6.8M in assets (debt-to-asset ratio: 48.4%), resulting in net assets of $3.5M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $3.3M $3.3M $6.8M $3.3M View 990
2022 $3.2M $3.2M $7.5M $3.9M View 990
2021 $2.9M $2.9M $7.5M $3.9M View 990
2020 $2.8M $2.8M $7.5M $3.9M
2019 $2.7M $2.7M $7.2M $3.4M
2018 $2.7M $2.7M $6.5M $2.7M View 990
2017 $2.6M $2.7M $6.7M $2.8M View 990
2016 $2.4M $2.4M $6.9M $3.0M View 990
2015 $2.6M $2.6M $6.7M $3.0M View 990
2014 $2.9M $2.8M $7.7M $3.9M View 990
2013 $2.7M $2.5M $7.2M $3.4M View 990
2012 $2.4M $2.4M $7.2M $3.6M View 990
2011 $2.5M $2.5M $7.2M $3.7M View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $3.3M, expenses of $3.3M, and assets of $6.8M (revenue +2.4% year-over-year).
  • 2022: Revenue of $3.2M, expenses of $3.2M, and assets of $7.5M (revenue +12.8% year-over-year).
  • 2021: Revenue of $2.9M, expenses of $2.9M, and assets of $7.5M (revenue +3.7% year-over-year).
  • 2020: Revenue of $2.8M, expenses of $2.8M, and assets of $7.5M (revenue +4.0% year-over-year).
  • 2019: Revenue of $2.7M, expenses of $2.7M, and assets of $7.2M (revenue -0.7% year-over-year).
  • 2018: Revenue of $2.7M, expenses of $2.7M, and assets of $6.5M (revenue +1.7% year-over-year).
  • 2017: Revenue of $2.6M, expenses of $2.7M, and assets of $6.7M (revenue +8.0% year-over-year).
  • 2016: Revenue of $2.4M, expenses of $2.4M, and assets of $6.9M (revenue -5.7% year-over-year).
  • 2015: Revenue of $2.6M, expenses of $2.6M, and assets of $6.7M (revenue -10.3% year-over-year).
  • 2014: Revenue of $2.9M, expenses of $2.8M, and assets of $7.7M (revenue +7.2% year-over-year).
  • 2013: Revenue of $2.7M, expenses of $2.5M, and assets of $7.2M (revenue +10.2% year-over-year).
  • 2012: Revenue of $2.4M, expenses of $2.4M, and assets of $7.2M (revenue -3.9% year-over-year).
  • 2011: Revenue of $2.5M, expenses of $2.5M, and assets of $7.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Oneida Madison Electric Cooperative Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Oneida Madison Electric Cooperative 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.

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