Electric Shop Wire Fund

Nonprofit profile at a glance

EIN
651186775
IRS 990-EZ coverage
2019–2025
Forms available
Form 990-EZ 2025, Form 990-N 2023
Location
Newark, OH, USA
Phone
7402817728
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Recreational l Clubs

Reported finances

Revenue
$18,092
Expenses
$26,259
Assets
$106,951

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

People named in this filing

  • ERIC JONES (CHAIR)
  • BERNIE MAPLE (BOARD MEMBER)
  • DON SANTEE (BOARD MEMBER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule o.

What it reported doing in 2025

The purpose of the wire fund is to obtain full price for scrap copper wire used in the newark plant, by stripping off the insulation, and selling it as 1 copper. The fund was chartered to promote community support and stewardship within and outside of the newark Ohio plant. Since the company is not interested in making the investment to strip, and or dispose of the wire, members of the electric shop will perform this task on "non-company" time. In return, the company will receive the salvage value that would be obtained from un-stripped copper wire, with the remaining balance being utilized by the electric shop wire fund, in accordance with established fund procedures.

Operating model

Revenue model
Other-operating. 95% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 63% for direct work, and 37% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 82
  • Sustainability: 36
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 84.5%; rating input score 85
  • Program expense ratio: 57.7%; rating input score 58

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -45.1%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 4.07; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -3.7% per year; rating input score 0; 38th percentile among comparable filings
  • Revenue growth: -9.8% per year; rating input score 0; 25th percentile among comparable filings
  • Asset growth: -4.1% per year; rating input score 0; 26th percentile among comparable filings

Details

  • Where the money goes: 84.5% of revenue deployed · 57.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 7 filing years from 2019 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 58/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.