Teco Energy Group Voluntary Employess Beneficiary Association
EIN: 596511298 · Tampa, FL
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $4.6M |
| Net Assets | $-35,516,420 |
Is Teco Energy Group Voluntary Employess Beneficiary Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Teco Energy Group Voluntary Employess Beneficiary Association
Teco Energy Group Voluntary Employess Beneficiary Association (EIN: 596511298) is a nonprofit organization based in Tampa, FL. The organization reported total revenue of $4.7M and total assets of $888K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Teco Energy Group Voluntary Employess Beneficiary Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Teco Energy Group Voluntary Employess Beneficiary Association is a mid-size nonprofit that has been operating for 52 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of -4.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-75,121 |
| Total Assets | $923K |
| Total Liabilities | $36.4M |
| Net Assets | $-35,516,420 |
| Operating Margin | -1.7% |
| Debt-to-Asset Ratio | 3948.2% |
| Months of Reserves | 2.4 months |
Financial Health Grade: D
In 2022, Teco Energy Group Voluntary Employess Beneficiary Association reported a deficit of $75K with expenses exceeding revenue, holds 2.4 months of operating reserves (limited), has a debt-to-asset ratio of 3948.2% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Teco Energy Group Voluntary Employess Beneficiary Association's revenue has declined at a compound annual growth rate (CAGR) of -4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -3.7% | -5.4% | -9.1% |
| 2021 | +5.0% | +4.1% | -12.6% |
| 2020 | -10.4% | -0.4% | -14.0% |
| 2019 | -7.5% | -10.2% | +28.6% |
| 2018 | +3.1% | +1.7% | +20.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Teco Energy Group Voluntary Employess Beneficiary 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 Teco Energy Group Voluntary Employess Beneficiary 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $75K, with expenses exceeding revenue.
- Debt-to-asset ratio: 3948.2%.
Frequently Asked Questions about Teco Energy Group Voluntary Employess Beneficiary Association
Is Teco Energy Group Voluntary Employess Beneficiary Association a legitimate charity?
Teco Energy Group Voluntary Employess Beneficiary Association (EIN: 596511298) is a registered tax-exempt nonprofit based in Florida. It has 12 years of IRS 990 filings on record. Total revenue: $4.7M. No red flags identified. Financial health grade: D.
How does Teco Energy Group Voluntary Employess Beneficiary Association spend its money?
Teco Energy Group Voluntary Employess Beneficiary Association reported $4.7M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Teco Energy Group Voluntary Employess Beneficiary Association tax-deductible?
Teco Energy Group Voluntary Employess Beneficiary Association is registered as a tax-exempt nonprofit (EIN: 596511298). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Teco Energy Group Voluntary Employess Beneficiary Association located?
Teco Energy Group Voluntary Employess Beneficiary Association is headquartered in Tampa, Florida and files with the IRS under EIN 596511298.
How many years of IRS 990 filings does Teco Energy Group Voluntary Employess Beneficiary Association have?
Teco Energy Group Voluntary Employess Beneficiary Association has 12 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 $4.7M in total revenue.
Filing History
IRS 990 filing history for Teco Energy Group Voluntary Employess Beneficiary Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Teco Energy Group Voluntary Employess Beneficiary Association's revenue has declined by 35.9%, moving from $7.0M to $4.5M. Total assets increased by 115.7% over the same period, from $428K to $923K. Total functional expenses fell by 33.8%, from $6.9M to $4.6M. In its most recent filing year (2022), Teco Energy Group Voluntary Employess Beneficiary Association reported a deficit of $75K, with expenses exceeding revenue. The organization holds $36.4M in liabilities against $923K in assets (debt-to-asset ratio: 3948.2%), resulting in net assets of $-35,516,420.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.5M | $4.6M | $923K | $36.4M | — | View 990 |
| 2021 | $4.7M | $4.8M | $1.0M | $53.2M | — | View 990 |
| 2020 | $4.5M | $4.6M | $1.2M | $55.7M | — | — |
| 2019 | $5.0M | $4.7M | $1.4M | $48.6M | — | View 990 |
| 2018 | $5.4M | $5.2M | $1.1M | $39.9M | — | View 990 |
| 2017 | $5.2M | $5.1M | $875K | $43.9M | — | View 990 |
| 2016 | $4.0M | $4.1M | $776K | $41.4M | — | View 990 |
| 2015 | $4.8M | $5.2M | $946K | $37.0M | — | View 990 |
| 2014 | $6.5M | $6.0M | $1.3M | $39.1M | — | View 990 |
| 2013 | $5.9M | $5.9M | $778K | $39.8M | — | View 990 |
| 2012 | $6.3M | $6.0M | $717K | $44.3M | — | View 990 |
| 2011 | $7.0M | $6.9M | $428K | $40.9M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.5M, expenses of $4.6M, and assets of $923K (revenue -3.7% year-over-year).
- 2021: Revenue of $4.7M, expenses of $4.8M, and assets of $1.0M (revenue +5.0% year-over-year).
- 2020: Revenue of $4.5M, expenses of $4.6M, and assets of $1.2M (revenue -10.4% year-over-year).
- 2019: Revenue of $5.0M, expenses of $4.7M, and assets of $1.4M (revenue -7.5% year-over-year).
- 2018: Revenue of $5.4M, expenses of $5.2M, and assets of $1.1M (revenue +3.1% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.1M, and assets of $875K (revenue +29.5% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.1M, and assets of $776K (revenue -16.4% year-over-year).
- 2015: Revenue of $4.8M, expenses of $5.2M, and assets of $946K (revenue -26.0% year-over-year).
- 2014: Revenue of $6.5M, expenses of $6.0M, and assets of $1.3M (revenue +9.5% year-over-year).
- 2013: Revenue of $5.9M, expenses of $5.9M, and assets of $778K (revenue -6.2% year-over-year).
- 2012: Revenue of $6.3M, expenses of $6.0M, and assets of $717K (revenue -10.0% year-over-year).
- 2011: Revenue of $7.0M, expenses of $6.9M, and assets of $428K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Teco Energy Group Voluntary Employess Beneficiary Association:
Data Sources and Methodology
This transparency report for Teco Energy Group Voluntary Employess Beneficiary 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.