Tri County Electric Trust
Tri County Electric Trust maintains stable finances with no officer compensation and consistent operations.
EIN: 205550322 · St Matthews, SC · NTEE: P12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $99K |
| Total Expenses | $118K |
| Program Spending | 85% |
| Net Assets | $51K |
| Transparency Score | 85/100 |
Is Tri County Electric Trust Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Tri County Electric Trust directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Tri County Electric Trust
Tri County Electric Trust (EIN: 205550322) is a nonprofit organization based in St Matthews, SC, classified under NTEE code P12. The organization reported total revenue of $99K and total assets of $31K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tri County Electric Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tri County Electric Trust is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $118K |
| Surplus / Deficit | +$5K |
| Total Assets | $51K |
| Net Assets | $51K |
| Operating Margin | 3.9% |
| Months of Reserves | 5.2 months |
Financial Health Grade: A
In 2023, Tri County Electric Trust reported a surplus of $5K with revenue exceeding expenses, holds 5.2 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Tri County Electric Trust's revenue has grown at a compound annual growth rate (CAGR) of 1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +40.7% | +59.2% | +10.6% |
| 2022 | -9.6% | -31.1% | +40.4% |
| 2021 | -25.5% | -18.7% | -25.3% |
| 2020 | +31.9% | +29.9% | -5.8% |
| 2019 | -11.7% | +9.5% | -7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Tri County Electric Trust 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: 85%
- fundraising: 5%
According to IRS 990 filings, Tri County Electric Trust allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $5K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly efficient for an organization of its size.
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 Tri County Electric Trust:
- Consistent financial stability with revenues generally covering expenses.
- No reported liabilities across all filing periods, indicating strong financial health.
- 0% officer compensation reported consistently, suggesting high efficiency and volunteer leadership.
- Positive asset growth over the past decade, from $23,834 in 2014 to $50,702 in 2023.
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency.
Frequently Asked Questions about Tri County Electric Trust
Is Tri County Electric Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Tri County Electric Trust (EIN: 205550322) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Tri County Electric Trust spend its money?
Tri County Electric Trust directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Tri County Electric Trust tax-deductible?
Tri County Electric Trust is registered as a tax-exempt nonprofit (EIN: 205550322). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Tri County Electric Trust's spending goes to programs?
Tri County Electric Trust directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Tri County Electric Trust compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Tri County Electric Trust is above average for NTEE category P12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Tri County Electric Trust located?
Tri County Electric Trust is headquartered in St Matthews, South Carolina and files with the IRS under EIN 205550322. It is classified under NTEE code P12.
How many years of IRS 990 filings does Tri County Electric Trust have?
Tri County Electric Trust 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 $99K in total revenue.
Is Tri County Electric Trust a good charity?
Based on the available data, Tri County Electric Trust appears to be a well-managed organization with stable finances, no liabilities, and no reported officer compensation, which are positive indicators for a charity. However, a full assessment would benefit from understanding their specific program activities and detailed expense allocation.
How does Tri County Electric Trust manage its expenses?
The organization's expenses have generally been in line with its revenues, with some years showing small surpluses and others small deficits. For example, in 2023, expenses were $118,017 against revenues of $122,863. The consistent 0% officer compensation suggests a lean approach to administrative costs.
What is the financial trend of Tri County Electric Trust?
Tri County Electric Trust shows a stable financial trend over the past decade, with revenues and expenses consistently around the $90,000-$130,000 range. Assets have also shown growth, reaching $50,702 in 2023 from $23,834 in 2014, with no reported liabilities.
Filing History
IRS 990 filing history for Tri County Electric Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Tri County Electric Trust's revenue has grown by 18.2%, moving from $104K to $123K. Total assets increased by 43.6% over the same period, from $35K to $51K. Total functional expenses rose by 17%, from $101K to $118K. In its most recent filing year (2023), Tri County Electric Trust reported a surplus of $5K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $118K | $51K | $0 | — | View 990 |
| 2022 | $87K | $74K | $46K | $0 | — | View 990 |
| 2021 | $97K | $108K | $33K | $0 | — | — |
| 2020 | $130K | $132K | $44K | $0 | — | — |
| 2019 | $98K | $102K | $46K | $0 | — | View 990 |
| 2018 | $111K | $93K | $50K | $0 | — | View 990 |
| 2017 | $96K | $102K | $32K | $0 | — | View 990 |
| 2016 | $109K | $99K | $38K | $0 | — | View 990 |
| 2015 | $102K | $98K | $28K | $0 | — | View 990 |
| 2014 | $105K | $111K | $24K | $0 | — | View 990 |
| 2013 | $104K | $104K | $30K | $0 | — | View 990 |
| 2012 | $106K | $111K | $31K | $0 | — | View 990 |
| 2011 | $104K | $101K | $35K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $118K, and assets of $51K (revenue +40.7% year-over-year).
- 2022: Revenue of $87K, expenses of $74K, and assets of $46K (revenue -9.6% year-over-year).
- 2021: Revenue of $97K, expenses of $108K, and assets of $33K (revenue -25.5% year-over-year).
- 2020: Revenue of $130K, expenses of $132K, and assets of $44K (revenue +31.9% year-over-year).
- 2019: Revenue of $98K, expenses of $102K, and assets of $46K (revenue -11.7% year-over-year).
- 2018: Revenue of $111K, expenses of $93K, and assets of $50K (revenue +16.1% year-over-year).
- 2017: Revenue of $96K, expenses of $102K, and assets of $32K (revenue -12.3% year-over-year).
- 2016: Revenue of $109K, expenses of $99K, and assets of $38K (revenue +7.1% year-over-year).
- 2015: Revenue of $102K, expenses of $98K, and assets of $28K (revenue -2.3% year-over-year).
- 2014: Revenue of $105K, expenses of $111K, and assets of $24K (revenue +0.5% year-over-year).
- 2013: Revenue of $104K, expenses of $104K, and assets of $30K (revenue -2.1% year-over-year).
- 2012: Revenue of $106K, expenses of $111K, and assets of $31K (revenue +2.2% year-over-year).
- 2011: Revenue of $104K, expenses of $101K, and assets of $35K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tri County Electric Trust:
Data Sources and Methodology
This transparency report for Tri County Electric Trust 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.