Valley Electric Membership Corporation
EIN: 720341915 · Shreveport, LA
| Metric | Value |
|---|---|
| Total Revenue | $601 |
| Total Expenses | $4K |
| Net Assets | $15K |
Is Valley Electric Membership Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Valley Electric Membership Corporation
Valley Electric Membership Corporation (EIN: 720341915) is a nonprofit organization based in Shreveport, LA. The organization reported total revenue of $601 and total assets of $15K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valley Electric Membership Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valley Electric Membership Corporation is a micro nonprofit that has been operating for 89 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -67.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $32 |
| Total Expenses | $4K |
| Surplus / Deficit | $-4,118 |
| Total Assets | $15K |
| Net Assets | $15K |
| Operating Margin | -12868.8% |
| Months of Reserves | 44.3 months |
Financial Health Grade: B
In 2023, Valley Electric Membership Corporation reported a deficit of $4K with expenses exceeding revenue, holds 44.3 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Valley Electric Membership Corporation's revenue has declined at a compound annual growth rate (CAGR) of -67.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3100.0% | +2666.7% | -21.2% |
| 2020 | -100.0% | -99.1% | -3.2% |
| 2019 | -98.2% | +122.9% | -78.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 4000 |
| IRS Ruling Date | 1937 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Valley Electric Membership Corporation 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 Valley Electric Membership Corporation 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 $4K, with expenses exceeding revenue.
Frequently Asked Questions about Valley Electric Membership Corporation
Is Valley Electric Membership Corporation a legitimate charity?
Valley Electric Membership Corporation (EIN: 720341915) is a registered tax-exempt nonprofit based in Louisiana. It has 14 years of IRS 990 filings on record. Total revenue: $601. No red flags identified. Financial health grade: B.
How does Valley Electric Membership Corporation spend its money?
Valley Electric Membership Corporation reported $601 in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Valley Electric Membership Corporation tax-deductible?
Valley Electric Membership Corporation is registered as a tax-exempt nonprofit (EIN: 720341915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Valley Electric Membership Corporation located?
Valley Electric Membership Corporation is headquartered in Shreveport, Louisiana and files with the IRS under EIN 720341915.
How many years of IRS 990 filings does Valley Electric Membership Corporation have?
Valley Electric Membership Corporation has 14 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 $601 in total revenue.
Filing History
IRS 990 filing history for Valley Electric Membership Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Valley Electric Membership Corporation's revenue has declined by 100%, moving from $60.6M to $32. Total assets decreased by 99.9% over the same period, from $26.8M to $15K. Total functional expenses fell by 100%, from $66.2M to $4K. In its most recent filing year (2023), Valley Electric Membership Corporation reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $32 | $4K | $15K | $0 | — | — |
| 2022 | $1 | $150 | $19K | $0 | — | — |
| 2021 | $0 | $150 | $20K | $0 | — | View 990 |
| 2020 | $0 | $650 | $20K | $0 | — | View 990 |
| 2019 | $105 | $76K | $20K | $0 | — | View 990 |
| 2018 | $6K | $34K | $96K | $0 | — | View 990 |
| 2017 | $2K | $37K | $125K | $0 | — | — |
| 2016 | $82K | $291K | $160K | $0 | — | View 990 |
| 2015 | $82K | $125K | $1.2M | $0 | — | View 990 |
| 2014 | $90K | $332K | $1.2M | $0 | — | View 990 |
| 2013 | $454 | $370K | $2.2M | $626K | — | View 990 |
| 2012 | $-1,587,081 | $550K | $3.5M | $1.5M | — | View 990 |
| 2011 | $90K | $201K | $12.2M | $1.7M | — | View 990 |
| 2010 | $60.6M | $66.2M | $26.8M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32, expenses of $4K, and assets of $15K (revenue +3100.0% year-over-year).
- 2022: Revenue of $1, expenses of $150, and assets of $19K.
- 2021: Revenue of $0, expenses of $150, and assets of $20K.
- 2020: Revenue of $0, expenses of $650, and assets of $20K (revenue -100.0% year-over-year).
- 2019: Revenue of $105, expenses of $76K, and assets of $20K (revenue -98.2% year-over-year).
- 2018: Revenue of $6K, expenses of $34K, and assets of $96K (revenue +255.6% year-over-year).
- 2017: Revenue of $2K, expenses of $37K, and assets of $125K (revenue -98.0% year-over-year).
- 2016: Revenue of $82K, expenses of $291K, and assets of $160K (revenue +0.8% year-over-year).
- 2015: Revenue of $82K, expenses of $125K, and assets of $1.2M (revenue -9.1% year-over-year).
- 2014: Revenue of $90K, expenses of $332K, and assets of $1.2M (revenue +19684.4% year-over-year).
- 2013: Revenue of $454, expenses of $370K, and assets of $2.2M.
- 2012: Revenue of $-1,587,081, expenses of $550K, and assets of $3.5M (revenue -1857.0% year-over-year).
- 2011: Revenue of $90K, expenses of $201K, and assets of $12.2M (revenue -99.9% year-over-year).
- 2010: Revenue of $60.6M, expenses of $66.2M, and assets of $26.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valley Electric Membership Corporation:
Data Sources and Methodology
This transparency report for Valley Electric Membership Corporation 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.