Ontonagon County Rural Electrification Association
EIN: 380895655 · Ontonagon, MI
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $7.1M |
| Net Assets | $7.9M |
Is Ontonagon County Rural Electrification Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ontonagon County Rural Electrification Association
Ontonagon County Rural Electrification Association (EIN: 380895655) is a nonprofit organization based in Ontonagon, MI. The organization reported total revenue of $7.7M and total assets of $28.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ontonagon County Rural Electrification Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ontonagon County Rural Electrification Association is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.9M |
| Total Expenses | $7.1M |
| Surplus / Deficit | $-179,494 |
| Total Assets | $27.8M |
| Total Liabilities | $19.9M |
| Net Assets | $7.9M |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 71.7% |
| Months of Reserves | 46.9 months |
Financial Health Grade: C
In 2023, Ontonagon County Rural Electrification Association reported a deficit of $179K with expenses exceeding revenue, holds 46.9 months of operating reserves (strong position), has a debt-to-asset ratio of 71.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ontonagon County Rural Electrification Association's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.6% | +4.6% | -1.8% |
| 2022 | -1.7% | +11.8% | +0.7% |
| 2021 | +6.2% | +1.9% | +5.4% |
| 2020 | +0.3% | -1.2% | +12.6% |
| 2019 | -1.8% | +2.1% | +0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1942 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ontonagon County Rural Electrification Association 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 Ontonagon County Rural Electrification Association 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 $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 71.7%.
Frequently Asked Questions about Ontonagon County Rural Electrification Association
Is Ontonagon County Rural Electrification Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Ontonagon County Rural Electrification Association (EIN: 380895655) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ontonagon County Rural Electrification Association spend its money?
Detailed spending breakdown data is not yet available for Ontonagon County Rural Electrification Association. Check back for updated IRS 990 analysis.
Are donations to Ontonagon County Rural Electrification Association tax-deductible?
Ontonagon County Rural Electrification Association is registered as a tax-exempt nonprofit (EIN: 380895655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ontonagon County Rural Electrification Association located?
Ontonagon County Rural Electrification Association is headquartered in Ontonagon, Michigan and files with the IRS under EIN 380895655.
How many years of IRS 990 filings does Ontonagon County Rural Electrification Association have?
Ontonagon County Rural Electrification Association 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 $7.7M in total revenue.
Filing History
IRS 990 filing history for Ontonagon County Rural Electrification Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ontonagon County Rural Electrification Association's revenue has grown by 34.1%, moving from $5.2M to $6.9M. Total assets increased by 57.7% over the same period, from $17.6M to $27.8M. Total functional expenses rose by 31.6%, from $5.4M to $7.1M. In its most recent filing year (2023), Ontonagon County Rural Electrification Association reported a deficit of $179K, with expenses exceeding revenue. The organization holds $19.9M in liabilities against $27.8M in assets (debt-to-asset ratio: 71.7%), resulting in net assets of $7.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.9M | $7.1M | $27.8M | $19.9M | — | — |
| 2022 | $6.9M | $6.8M | $28.3M | $20.2M | — | — |
| 2021 | $7.0M | $6.1M | $28.1M | $20.1M | — | View 990 |
| 2020 | $6.6M | $6.0M | $26.6M | $19.6M | — | View 990 |
| 2019 | $6.6M | $6.0M | $23.7M | $17.3M | — | View 990 |
| 2018 | $6.7M | $5.9M | $23.5M | $17.6M | — | View 990 |
| 2017 | $6.5M | $5.9M | $22.8M | $17.7M | — | View 990 |
| 2016 | $6.3M | $5.8M | $22.1M | $17.5M | — | View 990 |
| 2015 | $6.6M | $6.0M | $20.3M | $16.3M | — | View 990 |
| 2014 | $6.5M | $6.0M | $18.0M | $14.6M | — | View 990 |
| 2013 | $6.3M | $5.6M | $17.8M | $14.8M | — | View 990 |
| 2012 | $5.7M | $5.6M | $17.6M | $15.3M | — | View 990 |
| 2011 | $5.2M | $5.4M | $17.6M | $15.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.9M, expenses of $7.1M, and assets of $27.8M (revenue +0.6% year-over-year).
- 2022: Revenue of $6.9M, expenses of $6.8M, and assets of $28.3M (revenue -1.7% year-over-year).
- 2021: Revenue of $7.0M, expenses of $6.1M, and assets of $28.1M (revenue +6.2% year-over-year).
- 2020: Revenue of $6.6M, expenses of $6.0M, and assets of $26.6M (revenue +0.3% year-over-year).
- 2019: Revenue of $6.6M, expenses of $6.0M, and assets of $23.7M (revenue -1.8% year-over-year).
- 2018: Revenue of $6.7M, expenses of $5.9M, and assets of $23.5M (revenue +3.6% year-over-year).
- 2017: Revenue of $6.5M, expenses of $5.9M, and assets of $22.8M (revenue +2.4% year-over-year).
- 2016: Revenue of $6.3M, expenses of $5.8M, and assets of $22.1M (revenue -4.0% year-over-year).
- 2015: Revenue of $6.6M, expenses of $6.0M, and assets of $20.3M (revenue +1.5% year-over-year).
- 2014: Revenue of $6.5M, expenses of $6.0M, and assets of $18.0M (revenue +2.8% year-over-year).
- 2013: Revenue of $6.3M, expenses of $5.6M, and assets of $17.8M (revenue +10.5% year-over-year).
- 2012: Revenue of $5.7M, expenses of $5.6M, and assets of $17.6M (revenue +10.4% year-over-year).
- 2011: Revenue of $5.2M, expenses of $5.4M, and assets of $17.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ontonagon County Rural Electrification Association:
Data Sources and Methodology
This transparency report for Ontonagon County Rural Electrification Association 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.