VINALHAVEN, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOX ISLANDS ELECTRIC COOPERATIVE INC, founded in 1975, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $7.5M represent 31 months of operating reserves.
TO PROVIDE RELIABLE, AFFORDABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRIC SERVICE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS ON THE ISLANDS OF NORTH HAVEN AND VINALHAVEN, MAINE.
1. TO PROVIDE RELIABLE, AFFORDABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRIC SERVICE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS ON THE ISLANDS OF NORTH HAVEN AND VINALHAVEN, MAINE. 2. WIND...
1. TO PROVIDE RELIABLE, AFFORDABLE, AND ENVIRONMENTALLY RESPONSIBLE ELECTRIC SERVICE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS ON THE ISLANDS OF NORTH HAVEN AND VINALHAVEN, MAINE. 2. WIND POWER PROJECT COMPLETED AND IN SERVICE IN NOVEMBER OF 2009.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,926,731 | $2,624,320 | +0.1% |
| Expenses | $2,926,731 | $2,624,320 | +0.1% |
| Net Income | $0 | N/A | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| AMY TURNER | CEO | 40.00 |
Officer
|
$132,536 | $0 | $132,536 |
| LOREN BUNKER | LINE SUPERVI | 40.00 |
Highest
|
$118,594 | $0 | $118,594 |
| JEFFREY MARTIN | TREASURER | 1.00 |
Officer
Director
|
$120 | $0 | $120 |
| L PATRICK TRAINOR | PRESIDENT | 1.00 |
Officer
Director
|
$120 | $0 | $120 |
| CHAD KING | VICE PRESIDE | 1.00 |
Officer
Director
|
$110 | $0 | $110 |
| ALAN LAZARO | DIRECTOR | 1.00 |
Director
|
$110 | $0 | $110 |
| DENNIS PRATT | DIRECTOR | 1.00 |
Director
|
$110 | $0 | $110 |
| SHERI ROMER | SECRETARY | 1.00 |
Officer
Director
|
$110 | $0 | $110 |
| AARON CABOT | DIRECTOR | 1.00 |
Director
|
$100 | $0 | $100 |
| KATHLEEN MACY | DIRECTOR | 100.00 |
Director
|
$100 | $0 | $100 |
| DON YOUNG | DIRECTOR | 1.00 |
Director
|
$90 | $0 | $90 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $2,926,731 | $2,926,731 | $19,465,997 | No data |
| 2022 | $2,624,320 | $2,624,320 | $19,483,806 | No data |
| 2021 | $2,614,892 | $2,614,892 | $18,896,049 | No data |
| 2020 | $2,545,997 | $2,545,997 | $19,431,125 | No data |
| 2019 | $2,422,247 | $2,422,247 | $20,046,328 | No data |
| 2018 | $2,502,615 | $2,502,615 | $20,732,081 | No data |
Compare FOX ISLANDS ELECTRIC COOPERATIVE INC with other nonprofits in Maine and across the country.