Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ
EIN: 416383796 · Minneapolis, MN · NTEE: Y43
| Metric | Value |
|---|---|
| Total Revenue | $237.1M |
| Total Expenses | $205.7M |
| Net Assets | $44.0M |
Is Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ
Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ (EIN: 416383796) is a nonprofit organization based in Minneapolis, MN, classified under NTEE code Y43. The organization reported total revenue of $237.1M and total assets of $62.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ is a major nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $209.2M |
| Total Expenses | $205.7M |
| Surplus / Deficit | +$3.6M |
| Total Assets | $44.2M |
| Total Liabilities | $169K |
| Net Assets | $44.0M |
| Operating Margin | 1.7% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ reported a surplus of $3.6M with revenue exceeding expenses, holds 2.6 months of operating reserves (limited), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ's revenue has grown at a compound annual growth rate (CAGR) of 4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +17.3% | +5.1% |
| 2022 | +5.3% | +2.3% | +41.6% |
| 2021 | +14.8% | +11.6% | +14.5% |
| 2020 | +0.3% | +1.4% | -1.6% |
| 2018 | -0.6% | +0.1% | +1.9% |
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 Analysis Pending
AI enrichment for Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ 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 Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ 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 surplus of $3.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ
Is Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ a legitimate charity?
Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ (EIN: 416383796) is a registered tax-exempt nonprofit based in Minnesota. It has 12 years of IRS 990 filings on record. Total revenue: $237.1M. No red flags identified. Financial health grade: A.
How does Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ spend its money?
Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ reported $237.1M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ tax-deductible?
Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ is registered as a tax-exempt nonprofit (EIN: 416383796). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ located?
Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ is headquartered in Minneapolis, Minnesota and files with the IRS under EIN 416383796. It is classified under NTEE code Y43.
How many years of IRS 990 filings does Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ have?
Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ 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 $237.1M in total revenue.
Filing History
IRS 990 filing history for Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ's revenue has grown by 62.4%, moving from $128.8M to $209.2M. Total assets increased by 157.6% over the same period, from $17.2M to $44.2M. Total functional expenses rose by 59.7%, from $128.8M to $205.7M. In its most recent filing year (2023), Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ reported a surplus of $3.6M, with revenue exceeding expenses. The organization holds $169K in liabilities against $44.2M in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $44.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $209.2M | $205.7M | $44.2M | $169K | — | — |
| 2022 | $184.5M | $175.4M | $42.1M | $1.6M | — | View 990 |
| 2021 | $175.2M | $171.4M | $29.7M | $99K | — | View 990 |
| 2020 | $152.6M | $153.6M | $25.9M | $110K | — | — |
| 2018 | $152.1M | $151.5M | $26.4M | $83K | — | — |
| 2017 | $153.0M | $151.4M | $25.9M | $170K | — | View 990 |
| 2016 | $151.2M | $151.2M | $24.2M | $117K | — | View 990 |
| 2015 | $158.8M | $154.7M | $24.2M | $148K | — | View 990 |
| 2014 | $153.7M | $151.4M | $20.0M | $130K | — | View 990 |
| 2013 | $136.3M | $136.4M | $17.7M | $120K | — | View 990 |
| 2012 | $135.9M | $135.3M | $17.8M | $106K | — | View 990 |
| 2011 | $128.8M | $128.8M | $17.2M | $96K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $209.2M, expenses of $205.7M, and assets of $44.2M (revenue +13.4% year-over-year).
- 2022: Revenue of $184.5M, expenses of $175.4M, and assets of $42.1M (revenue +5.3% year-over-year).
- 2021: Revenue of $175.2M, expenses of $171.4M, and assets of $29.7M (revenue +14.8% year-over-year).
- 2020: Revenue of $152.6M, expenses of $153.6M, and assets of $25.9M (revenue +0.3% year-over-year).
- 2018: Revenue of $152.1M, expenses of $151.5M, and assets of $26.4M (revenue -0.6% year-over-year).
- 2017: Revenue of $153.0M, expenses of $151.4M, and assets of $25.9M (revenue +1.2% year-over-year).
- 2016: Revenue of $151.2M, expenses of $151.2M, and assets of $24.2M (revenue -4.8% year-over-year).
- 2015: Revenue of $158.8M, expenses of $154.7M, and assets of $24.2M (revenue +3.4% year-over-year).
- 2014: Revenue of $153.7M, expenses of $151.4M, and assets of $20.0M (revenue +12.8% year-over-year).
- 2013: Revenue of $136.3M, expenses of $136.4M, and assets of $17.7M (revenue +0.3% year-over-year).
- 2012: Revenue of $135.9M, expenses of $135.3M, and assets of $17.8M (revenue +5.5% year-over-year).
- 2011: Revenue of $128.8M, expenses of $128.8M, and assets of $17.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ:
Data Sources and Methodology
This transparency report for Xcel Energy Inc Voluntary Employees Benefciary Trust For Active Employ 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.