CITIZENS FOR LOWER ELECTRIC RATES INC

EIN: 853028083

TAMPA, FL

Total Revenue
$230,000
Total Expenses
$273,695
Total Assets
$39,317
Net Assets
$39,317
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
FL
Principal Officer
MICHAEL HIGHTOWER
Phone
8132543369
Tax Period
2025-01-01 to 2025-12-31

CITIZENS FOR LOWER ELECTRIC RATES INC, founded in 2020, is a small nonprofit that reported $230K in total revenue in fiscal year 2025. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $274K exceeded revenue, resulting in a 19% operating deficit.

Mission

OPPOSING PROPOSED GOVERNMENTAL POLICIES AND REGULATORY OR ADMINISTRATIVE ACTIONS THAT HAVE THE POTENTIAL TO INCREASE ELECTRIC RATES.

Program Service Accomplishments

Program 1
Expenses: $223,741

SUPPORTED ACTIVITIES THAT OPPOSED INCREASE IN ELECTRIC RATES IN FLORIDA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $230,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,000

Expense Breakdown

Grants Paid $180,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $223,741
Other Expenses $93,695
TOTAL EXPENSES $273,695

Year-over-Year Comparison

2025 2024 Change
Revenue $230,000 $136,000 +0.7%
Expenses $273,695 $58,410 +3.7%
Net Income $-43,695 $77,590 -1.6%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$24,000
Total Directors
3
$24,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HIGHTOWER PRESIDENT 10.00
Officer Director
$12,000 $0 $12,000
JOHN THOMAS HERNDON SECRETARY 10.00
Officer Director
$12,000 $0 $12,000
NANCY H WATKINS TREASURER 10.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $230,000 $273,695 $39,317 $-43,695
2023 $134,000 $145,165 $5,421 $-11,165
2022 No data $746,114 $16,586 No data
2021 $1,238,859 $1,597,604 $762,700 $-358,745
2020 $1,121,445 No data $1,121,445 No data
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