Firelands Electric People Fund Inc
Nonprofit profile at a glance
- EIN
- 341788501
- IRS 990-EZ coverage
- 2012–2025
- Forms available
- Form 990-EZ 2025
- Location
- New London, OH, USA
- Phone
- 4199291571
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $77,999
- Expenses
- $80,023
- Assets
- $14,746
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- MIKE WALTERS (PRESIDENT)
People named in this filing
- MIKE WALTERS (PRESIDENT)
- CHERI RAPHAEL (VICE PRESIDE)
- MARY REES (SECRETARY/TR)
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
Firelands electric people fund, inc. Was organized by the trustees of firelands electric cooperative, inc. For the purpose of accumulating and disbursing funds for charitable purposes within the service area of firelands electric co-op., inc. The funds that make up the 77,999 shown on line 1 were accumulated by rounding up the electric bills of firelands electric co-op., inc. Consumers to the next highest dollar. There were approximately 7,880 consumers of firelands that were participating in the "people fund" as of december 31, 2024. An example of this participation is: a consumer's electric bill is 79.79. The bill is rounded up to 80.00 with .21 going into the "people fund".
What it reported doing in 2025
See attached schedule
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.4%; rating input score 68
- Program expense ratio: 66.6%; rating input score 67
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.6%; rating input score 38; 38th percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 17; 17th 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: -1% per year; rating input score 0; 45th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 0.1% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 68.4% of revenue deployed · 66.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $53K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 13 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- High — Growth: Program expense growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 38/100.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.