Isle au Haut Electric Power Company (EIN 010311701) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

William Chamberlin

Phone

2073352991

Tax Period

2024-01-01 to 2024-12-31

Isle au Haut Electric Power Company, founded in 1969, is a small nonprofit in the Mutual Benefit sector that reported $181K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Net assets of $399K represent 26 months of operating reserves.

Mission

Distribution of electric power services at lowest possible cost using green sources if possible to residents of Isle au Haut.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $168,465

Investment Income $0

Other Revenue $12,402

TOTAL REVENUE $180,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,686

Fundraising Expenses $0

Program Expenses $151,199

Other Expenses $122,986

TOTAL EXPENSES $186,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,867	$120,547	+0.5%
Expenses	$186,672	$108,665	+0.7%
Net Income	$-5,805	$11,882	-1.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sam Chamberlin	Secretary	1.00	Officer Director	$0	$0	$0
Bill Chamberlin	President	2.00	Officer Director	$0	$0	$0
George Cogan	Vice President	2.00	Officer Director	$0	$0	$0
Lee Davis	Director	1.00	Director	$0	$0	$0
Rob Dewitt	Director	1.00	Director	$0	$0	$0
Mike Fedosh	Director	1.00	Director	$0	$0	$0
Nick Filler	Vice President	2.00	Director	$0	$0	$0
Abigail Hiltz	Director	1.00	Director	$0	$0	$0
Ruel Little	Director	1.00	Director	$0	$0	$0
Dana Perry	Treasurer	2.00	Officer Director	$0	$0	$0
Mike Pratt	Director	1.00	Director	$0	$0	$0
Ben Sampson	Director	1.00	Director	$0	$0	$0
Bob Schonenberg	Director	1.00	Director	$0	$0	$0
Dane Stevens	Director	1.00	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
2024	$180,867	$186,672	$760,760	$-5,805
2023	$120,547	$108,665	$486,929	$11,882
2022	$103,901	$110,115	$494,033	$-6,214
2021	$166,645	$136,318	$507,738	$30,327
2020	$127,190	$132,991	$605,688	$-5,801

Isle au Haut Electric Power Company