AUGUSTA, ME
4 risk indicators measuring financial stability and operational resilience
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Sign InINDUSTRIAL ENERGY CONSUMER GROUP is a tax-exempt nonprofit with EIN 010408591, based in AUGUSTA, ME. Founded in 1998, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $430,945 in total revenue and $266,304 in total expenses, with net assets of $221,248.
THE ASSOCIATION CONDUCTS BUSINESS AS A TRADE ASSOCIATION DESIGNED TO PROMOTE ITS MEMBERS' INTERESTS IN INDUSTRIAL ENERGY SUPPLY, SERVICE AND RATE MAKING IN THE SHORT AND LONG TERMS. ITS MEMBERS CONSIST OF INDUSTRIAL ENERGY CONSUMERS IN THE STATE OF MAINE. THE MEMBERS' INTERESTS ARE DIVIDED INTO THREE BASIC AREAS OF ACTIVITY, THE PUBLIC UTILITIES, THE LEGISLATIVE AND INFORMATION ARENAS. THE ASSOCIATION INTERACTS WITH MAINE PUBLIC UTILITIES TO PROVIDE ITS MEMBERS WITH REASONABLE AND STABLE UTILITY RATES AND IMPROVED CUSTOMER SERVICE AND SUPPORT FROM MAINE PUBLIC UTILITIES. THE ASSOCIATION REPRESENTS ITS MEMBERS' COLLECTIVE INTERESTS BEFORE LEGISLATORS AND REGULATORY COMMISSIONS. NEW LEGISLATIVE INITIATIVES UNDER CONSIDERATION IN THE MAINE LEGISLATURE ARE ANALYZED FOR THEIR IMPACT ON THE MEMBERS. THE RESULTS OF THESE ANALYSES ARE USED TO SUPPORT, OPPOSE AND/OR REVISE SUCH LEGISLATION SO THAT THE ASSOCIATION MEMBERS' INTERESTS IN AFFORDABLE ENERGY AND PRODUCTIVE ENERGY SERVICES ARE MAINTAI
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $430,945 | $454,852 | -0.1% |
| Expenses | $266,304 | $425,779 | -0.4% |
| Net Income | $164,641 | $29,073 | +4.7% |
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 |
|---|---|---|---|---|---|---|
| ROBERT DORKO | PRESIDENT | 5.00 |
Officer
|
$0 | $0 | $0 |
| PAUL SERBENT | VICE PRESIDE | 5.00 |
Officer
|
$0 | $0 | $0 |
| JOEL PIKE | SEC & TREASU | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $430,945 | $266,304 | $221,248 | $164,641 |
| 2023 | $454,852 | $425,779 | $56,607 | $29,073 |
| 2022 | $637,659 | $683,606 | $27,534 | $-45,947 |
| 2021 | $716,222 | $649,308 | $73,481 | $66,914 |
| 2020 | $1,236,304 | $1,235,134 | $6,567 | $1,170 |
| 2019 | $1,525,003 | $1,524,744 | $5,397 | $259 |
| 2018 | $1,009,973 | $1,010,940 | $5,138 | $-967 |
Compare INDUSTRIAL ENERGY CONSUMER GROUP with other nonprofits in Maine and across the country.