AUGUSTA, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDUSTRIAL ENERGY CONSUMER GROUP, founded in 1998, is a small nonprofit that reported $431K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $165K, a strong 38% operating margin.
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 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)| 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.