Northern Maine Independent System … - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

Dwayne Conley

Phone

2079924721

Tax Period

2025-01-01 to 2025-12-31

Northern Maine Independent System Administrator Inc, founded in 1999, is a community nonprofit in the Public & Societal Benefit sector that reported $1.1M in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

To facilitate electric retail competition in Northern Maine by administering the electric transmission system and electric power markets.

Program Service Accomplishments

Program 1

Expenses: $793,293 Revenue: $1,056,895

Administered the electricity transmission systems and electric power markets in Aroostook and Washington (Maine) counties. Provided an independent, objective and non-discriminatory administration of electrical transmission, transmission information access and related functions, and monitored and operated the markets of northern Maine for energy, ancillary and other services.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,056,895

Investment Income $30,420

Other Revenue $0

TOTAL REVENUE $1,087,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $815,023

Fundraising Expenses $0

Program Expenses $793,293

Other Expenses $272,292

TOTAL EXPENSES $1,087,315

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,087,315	$934,872	+0.2%
Expenses	$1,087,315	$934,872	+0.2%
Net Income	$0	$0	N/A

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

$525,966

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas Stevenson	Chairman	0.50	Officer Director	$0	$0	$0
Greg Sherman	Vice Chairman	0.50	Officer Director	$0	$0	$0
Josh Philbrook	Clerk and Treasurer	0.50	Officer Director	$0	$0	$0
Rob Gillies	Director	0.50	Director	$0	$0	$0
Scott Hallowell	Director	0.50	Director	$0	$0	$0
Aleksandar Mitreski	Director	0.50	Director	$0	$0	$0
Dave Norman	Director	0.50	Director	$0	$0	$0
Paul Towle	Director	0.50	Director	$0	$0	$0
Dwayne Conley	President & CEO	40.00	Officer	$194,128	$52,426	$246,554
Ken Belcher	Past President & CEO	40.00	Officer	$244,124	$35,288	$279,412
Tyler Stewart	Technical Analyst	40.00	Highest	$103,044	$22,075	$125,119

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
2025	$1,087,315	$1,087,315	$1,456,663	No data
2024	$934,872	$934,872	$1,787,004	No data
2023	$1,059,798	$1,059,798	$1,856,072	No data
2022	$1,121,875	$1,121,875	$2,378,425	No data
2021	$1,121,553	$1,121,553	$1,297,192	No data
2020	$991,306	$991,306	$1,223,552	No data
2019	$889,990	$889,990	$1,260,531	No data
2018	$839,503	$839,503	$1,455,862	No data

Northern Maine Independent System Administrator Inc