Y โ€” Mutual & Membership BenefitEIN: 386705802ยท Ruling Year: 1999

Semco Energy Inc Union Veba Tr

Port Huron, Michigan

BHealth Score
58B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

๐Ÿ’ฐ
$723K
Total Revenue
๐Ÿ“Š
$839K
Total Expenses
๐Ÿฆ
$11.6M
Net Assets
๐Ÿ“‹
$12K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-13.9%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-16.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
13.81
Net assets divided by total expenses
Liabilities-to-Assets
0.1%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$722,993โ†“14%$839,366โ†“16%$11,603,605โ†‘6%
2022$839,659โ†“47%$995,293โ†“1%$10,941,684โ†“23%
2021$1,596,810โ†‘206%$1,008,499โ†“1%$14,203,117โ†‘3%
2020$521,988โ†“52%$1,020,400โ†“2%$13,730,614โ†‘8%
2019$1,093,389โ†‘12%$1,040,006โ†“12%$12,771,269โ†‘11%
2018$979,663โ†“3%$1,177,321โ†‘20%$11,540,087โ†“13%
2017$1,009,653โ†‘31%$983,701โ†‘22%$13,307,144โ†‘9%
2016$770,417โ†“7%$806,481โ†‘15%$12,248,219โ†‘1%
2015$829,496โ†“27%$698,878โ†“11%$12,131,017โ†“5%
2014$1,130,541โ†‘21%$789,224โ†“6%$12,781,208
2013$936,566โ†‘67%$842,930โ†‘25%$12,831,379โ†‘12%
2012$561,278โ†“2%$676,184โ†‘12%$11,455,768โ†‘6%
2011$571,247$601,547$10,761,316

Frequently Asked Questions

What does Semco Energy Inc Union Veba Tr do?โ–ผ

Semco Energy Inc Union Veba Tr is a mutual & membership benefit nonprofit organization based in Michigan. It is classified under NTEE code Y43 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Semco Energy Inc Union Veba Tr financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Semco Energy Inc Union Veba Tr has a score of 58/100 (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 Semco Energy Inc Union Veba Tr generate?โ–ผ

Semco Energy Inc Union Veba Tr reports $803K in annual revenue and holds $11.7M in total assets, based on IRS filings.

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Semco Energy Inc Union Veba Tr โ€” Port Huron, MI | GiveScope