Lorain-medina Rural Electric Coop Inc
Spencer, Ohio
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 111 peers in Unclassified with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $49,578,413↑3% | $41,651,270↑2% | $113,241,930↑6% | |
| 2022 | $48,347,059↑11% | $40,980,234↑6% | $106,860,497↑4% | — |
| 2021 | $43,488,454↑8% | $38,490,542↑6% | $103,003,393↑2% | — |
| 2020 | $40,199,966↓1% | $36,447,599↑2% | $101,399,261↑11% | — |
| 2019 | $40,792,883↓4% | $35,831,188↓4% | $90,990,146↑3% | — |
| 2018 | $42,553,576↑9% | $37,494,626↑6% | $88,550,287↑3% | — |
| 2017 | $39,046,266↑5% | $35,402,102↑3% | $85,620,406↑2% | — |
| 2016 | $37,263,513↓3% | $34,311,655↓2% | $83,807,205 | — |
| 2015 | $38,341,031↓1% | $34,923,838↓3% | $83,448,878↑1% | — |
| 2014 | $38,834,625↑7% | $36,009,608↑7% | $82,230,636↑1% | — |
| 2013 | $36,225,016↑3% | $33,686,251↑3% | $81,796,344↑11% | — |
| 2012 | $35,139,211↑3% | $32,844,267↑4% | $73,855,323↑5% | — |
| 2011 | $34,083,083↑9% | $31,459,188↑8% | $70,391,370↑1% | — |
| 2010 | $31,153,744 | $29,004,370 | $69,626,855 | — |
Frequently Asked Questions
What does Lorain-medina Rural Electric Coop Inc do?▼
Lorain-medina Rural Electric Coop Inc is a unclassified nonprofit organization based in Ohio. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Lorain-medina Rural Electric Coop Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Lorain-medina Rural Electric Coop Inc has a score of 74/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Lorain-medina Rural Electric Coop Inc generate?▼
Lorain-medina Rural Electric Coop Inc reports $54.0M in annual revenue and holds $135.2M in total assets, based on IRS filings.
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