Operation Fuel Incorporated
Nonprofit profile at a glance
- EIN
- 061253091
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Hartford, CT, USA
- Phone
- 8602432345
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Expense Reduction Support
Reported finances
- Revenue
- $4,838,361
- Expenses
- $5,327,249
- Assets
- $4,832,197
- Liabilities
- $1,071,495
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- PERKIN SIMPSON (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ROXANNA BOOTH (FORMER CHIEF ADVANCEMENT OFFICER): $147,913 total reported compensation
- DARLENE YULE (CHIEF OPERATING OFFICER): $146,844 total reported compensation
- GANNON LONG (CHIEF POLICY AND PUBLIC AFFAIRS OFFICER): $112,551 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Generation power ct ensures equitable access to energy for all by providing year-round energy assistance, promoting energy independence, and advocating for affordable energy.
What it reported doing in 2024
Generation power ct received a grant of $2.1 million from the state of Connecticut to run an emergency home energy assistance program during fy25. Grants of up to $500 were provided to 4,050 eligible Connecticut households and paid directly to fuel or utility vendors. $200,000 of the grant was used to provide program and case management support by generation power ct's central office and its network of 43 application support centers (ascs) around the state of Connecticut.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 71
- Accountability: 95
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 81.2%; rating input score 81
- Fundraising efficiency: $17.44 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 93.7%; rating input score 94; 28th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -10.1%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.91; rating input score 34; 34th percentile among comparable filings
- Liabilities to assets ratio: 0.22; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 10.3%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings
- Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 89.6% of revenue deployed · 81.2% of spending went to programs
- Governance: 10 of 10 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $4.3M in reported program spending
- Leadership: top reported pay $148K · 15 people listed · 1 of 6 pay-setting controls reported
- Consistency: 30 of 31 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 13/100.
- Review — Financial Efficiency: Fundraising efficiency scored 55/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 29/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.