Steuben Rural Electric Cooperative Inc
Steuben Rural Electric Cooperative consistently maintains positive net income and growing assets with no reported officer compensation.
EIN: 160650108 · Bath, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.8M |
| Total Expenses | $11.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $19.2M |
| Transparency Score | 85/100 |
Is Steuben Rural Electric Cooperative Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Steuben Rural Electric Cooperative Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Steuben Rural Electric Cooperative Inc
Steuben Rural Electric Cooperative Inc (EIN: 160650108) is a nonprofit organization based in Bath, NY. The organization reported total revenue of $12.8M and total assets of $45.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Steuben Rural Electric Cooperative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Steuben Rural Electric Cooperative Inc is a large nonprofit that has been operating for 81 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.3M |
| Total Expenses | $11.1M |
| Surplus / Deficit | +$197K |
| Total Assets | $43.3M |
| Total Liabilities | $24.2M |
| Net Assets | $19.2M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 55.8% |
| Months of Reserves | 46.8 months |
Financial Health Grade: A
In 2023, Steuben Rural Electric Cooperative Inc reported a surplus of $197K with revenue exceeding expenses, holds 46.8 months of operating reserves (strong position), has a debt-to-asset ratio of 55.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Steuben Rural Electric Cooperative Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | -3.4% | +6.8% |
| 2022 | +8.1% | +7.1% | +5.5% |
| 2021 | +3.7% | +3.0% | +1.4% |
| 2020 | +3.1% | -1.3% | -5.8% |
| 2019 | -4.4% | -3.2% | -0.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1945 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Steuben Rural Electric Cooperative Inc with a Mission Score of 85 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Steuben Rural Electric Cooperative Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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:
- The organization reported a surplus of $197K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with over $11 million in annual revenue and $40 million in assets. This suggests either a volunteer executive structure or that executive compensation is categorized differently within the expense reporting, warranting further investigation for complete transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Steuben Rural Electric Cooperative Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising)
- Consistently reported 0% officer compensation for an organization of this size, which may obscure executive remuneration details.
Strengths
The following positive indicators were identified for Steuben Rural Electric Cooperative Inc:
- Consistent positive net income, indicating financial stability (e.g., 2023: Revenue $11.3M, Expenses $11.1M).
- Steady growth in assets over time, demonstrating financial health and capacity building (e.g., Assets grew from $37.9M in 2020 to $43.3M in 2023).
- Consistent filing of IRS 990 forms, indicating good compliance and transparency practices.
- Low liabilities relative to assets (e.g., 2023: Liabilities $24.1M vs. Assets $43.3M), suggesting a healthy balance sheet.
Frequently Asked Questions about Steuben Rural Electric Cooperative Inc
Is Steuben Rural Electric Cooperative Inc a legitimate charity?
Steuben Rural Electric Cooperative Inc (EIN: 160650108) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Steuben Rural Electric Cooperative Inc spend its money?
Steuben Rural Electric Cooperative Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Steuben Rural Electric Cooperative Inc tax-deductible?
Steuben Rural Electric Cooperative Inc is registered as a tax-exempt nonprofit (EIN: 160650108). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Steuben Rural Electric Cooperative Inc CEO make?
Steuben Rural Electric Cooperative Inc's highest-compensated officer earns $11 annually. The organization reported $12.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Steuben Rural Electric Cooperative Inc located?
Steuben Rural Electric Cooperative Inc is headquartered in Bath, New York and files with the IRS under EIN 160650108.
How many years of IRS 990 filings does Steuben Rural Electric Cooperative Inc have?
Steuben Rural 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 $12.8M in total revenue.
How are executive leaders compensated if 'Officer Comp' is consistently 0%?
The provided data consistently shows 0% for 'Officer Comp' across all filings. This could mean executives are volunteers, compensated through other expense categories not explicitly labeled as 'Officer Comp', or that the cooperative structure has a unique compensation model. Further detail from the full 990 form would be needed to clarify this.
What is the specific breakdown of program vs. administrative expenses?
The summary data does not provide a detailed breakdown of program, administrative, and fundraising expenses. While the overall financial health is positive, a more granular view of spending would allow for a deeper analysis of efficiency and mission alignment.
What are the primary drivers of the consistent increase in assets?
Assets have steadily increased from $37,951,862 in 2020 to $43,343,667 in 2023. This growth is likely driven by consistent positive net income (revenues exceeding expenses) and potential capital investments in infrastructure, which is typical for an electric cooperative.
Filing History
IRS 990 filing history for Steuben Rural Electric Cooperative Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Steuben Rural Electric Cooperative Inc's revenue has grown by 9.4%, moving from $10.3M to $11.3M. Total assets increased by 8.2% over the same period, from $40.1M to $43.3M. Total functional expenses rose by 22.6%, from $9.1M to $11.1M. In its most recent filing year (2023), Steuben Rural Electric Cooperative Inc reported a surplus of $197K, with revenue exceeding expenses. The organization holds $24.2M in liabilities against $43.3M in assets (debt-to-asset ratio: 55.8%), resulting in net assets of $19.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.3M | $11.1M | $43.3M | $24.2M | — | View 990 |
| 2022 | $12.3M | $11.5M | $40.6M | $21.8M | — | View 990 |
| 2021 | $11.4M | $10.7M | $38.5M | $20.5M | — | View 990 |
| 2020 | $11.0M | $10.4M | $38.0M | $20.6M | — | View 990 |
| 2019 | $10.7M | $10.6M | $40.3M | $23.5M | — | View 990 |
| 2018 | $11.1M | $10.9M | $40.4M | $23.8M | — | View 990 |
| 2017 | $10.3M | $10.2M | $40.5M | $24.1M | — | View 990 |
| 2016 | $10.5M | $9.9M | $41.9M | $25.6M | — | View 990 |
| 2015 | $10.8M | $10.1M | $42.7M | $27.1M | — | View 990 |
| 2014 | $11.8M | $10.2M | $42.1M | $27.2M | — | View 990 |
| 2013 | $10.6M | $9.3M | $41.5M | $28.4M | — | View 990 |
| 2012 | $9.7M | $8.8M | $39.6M | $27.9M | — | View 990 |
| 2011 | $10.3M | $9.1M | $40.1M | $28.5M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $11.3M, expenses of $11.1M, and assets of $43.3M (revenue -8.3% year-over-year).
- 2022: Revenue of $12.3M, expenses of $11.5M, and assets of $40.6M (revenue +8.1% year-over-year).
- 2021: Revenue of $11.4M, expenses of $10.7M, and assets of $38.5M (revenue +3.7% year-over-year).
- 2020: Revenue of $11.0M, expenses of $10.4M, and assets of $38.0M (revenue +3.1% year-over-year).
- 2019: Revenue of $10.7M, expenses of $10.6M, and assets of $40.3M (revenue -4.4% year-over-year).
- 2018: Revenue of $11.1M, expenses of $10.9M, and assets of $40.4M (revenue +8.3% year-over-year).
- 2017: Revenue of $10.3M, expenses of $10.2M, and assets of $40.5M (revenue -2.4% year-over-year).
- 2016: Revenue of $10.5M, expenses of $9.9M, and assets of $41.9M (revenue -2.4% year-over-year).
- 2015: Revenue of $10.8M, expenses of $10.1M, and assets of $42.7M (revenue -8.5% year-over-year).
- 2014: Revenue of $11.8M, expenses of $10.2M, and assets of $42.1M (revenue +11.6% year-over-year).
- 2013: Revenue of $10.6M, expenses of $9.3M, and assets of $41.5M (revenue +8.8% year-over-year).
- 2012: Revenue of $9.7M, expenses of $8.8M, and assets of $39.6M (revenue -5.9% year-over-year).
- 2011: Revenue of $10.3M, expenses of $9.1M, and assets of $40.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Steuben Rural Electric Cooperative Inc:
Data Sources and Methodology
This transparency report for Steuben Rural 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.