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

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.

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.

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 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.

Year	Revenue	Expenses	Assets	Liabilities	Officer 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.

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.