BANGOR HYDRO ELECTRIC COMPANY VOLUNTARY

EIN: 010436841

MILWAUKEE, WI

Total Revenue
$407
Total Expenses
$37,108
Total Assets
N/A
Net Assets
N/A
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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
1994
Legal Domicile
ME
Principal Officer
US BANK N A
Phone
2079732674
Tax Period
2023-01-01 to 2023-12-31

BANGOR HYDRO ELECTRIC COMPANY VOLUNTARY, founded in 1994, is a micro nonprofit that reported $407 in total revenue in fiscal year 2023. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $37K exceeded revenue, resulting in a 9017% operating deficit.

Mission

THIS TRUST IS A 501(C) 9 VEBA FOR THE PURPOSES OF FUNDING EMPLOYEE HEALTH BENEFITS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $407
Other Revenue $0
TOTAL REVENUE $407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $164
Fundraising Expenses $0
Other Expenses $2,625
TOTAL EXPENSES $37,108

Year-over-Year Comparison

2023 2022 Change
Revenue $407 $2,162 -0.8%
Expenses $37,108 $668,116 -0.9%
Net Income $-36,701 $-665,954 -0.9%
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
N/A
Independent Members
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TRUSTEE N/A
$164 $0 $164
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
2023 $407 $37,108 No data $-36,701
2022 $2,162 $668,116 $36,700 $-665,954
2021 $244 $266,292 $702,654 $-266,048
2020 $3,711 $6,803 $968,702 $-3,092
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