CSCharityScored
90

Firelands Electric Cooperative Inc

Other · New London, Ohio

103 Industrial Dr, New London, OH 44851-9112

EIN: 344232845· Founded: Nov 1942· 84 years active· Filing Year: 2023

Annual Revenue

$23.6M

Total Expenses

$21.5M

Total Assets

$53.3M

Program Spending

106%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$355K

1.6% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$312K

Total Payroll

$667K

3% of total expenses

Where the Money Goes

100%
Programs: 100%
Payroll: 3%
Other overhead: -6%
Program Revenue$22.7M (96%)
Total Expenses$21.5M (91%)
Payroll$667K (3%)
Overhead (non-program)-6%

Trust Score Breakdown

Program Spending Ratio

106% of expenses go to programs

40%

Revenue & Stability

$23.6M annual revenue

15%

Executive Compensation

$355K total officer comp (1.6% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$53.3M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.