VERMONT ELECTRIC COOPERATIVE INC (EIN 030164375) - Form 990 Financial Analysis & Trantor Score

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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

1938

Legal Domicile

Principal Officer

REBECCA TOWNE

Phone

8026352331

Tax Period

2023-01-01 to 2023-12-31

VERMONT ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $100.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

VERMONT ELECTRIC COOPERATIVE IS A MEMBER OWNED NOT-FOR-PROFIT UTILITY WHOSE MISSION IS TO PROVIDE SAFE, AFFORDABLE, AND RELIABLE ENERGY SERVICES TO ITS MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,388,600

Program Service Revenue $92,767,721

Investment Income $6,101,016

Other Revenue $0

TOTAL REVENUE $100,257,337

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,352,659

Fundraising Expenses $0

Other Expenses $82,772,172

TOTAL EXPENSES $100,257,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$100,257,337	$91,765,977	+0.1%
Expenses	$100,257,337	$91,765,977	+0.1%
Net Income	$0	N/A	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

122

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

$846,791

Total Directors

$71,005

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA TOWNE	CEO	52.00	Officer	$279,262	$44,336	$323,598
MARK HINTON	1ST CLASS LI	57.00	Highest	$241,944	$48,879	$290,823
PETER ROSSI	COO	50.00	Officer	$201,944	$46,387	$248,331
CAROLINE MASHIA	CFO	50.00	Officer	$199,206	$46,192	$245,398
JESSEE SWEET	1ST CLASS LI	53.00	Highest	$199,379	$38,706	$238,085
JOSHUA MCCOY	1ST CLASS LI	56.00	Highest	$226,051	$10,454	$236,505
CHRISTOPHER CONNELLEY	1ST CLASS LI	54.00	Highest	$204,730	$20,619	$225,349
CHAD LANOU	1ST CLASS LI	52.00	Highest	$197,661	$23,061	$220,722
PAUL LAMBERT	1ST VICE PRE	2.00	Officer Director	$8,710	$0	$8,710
CAROL MARONI	2ND VICE PRE	4.00	Officer Director	$7,480	$16	$7,496
GEORGE LAGUE	DIRECTOR	10.00	Director	$7,450	$16	$7,466
THOMAS BAILEY	DIRECTOR	3.00	Director	$5,450	$665	$6,115
KEN HOEPPNER	DIRECTOR	2.00	Director	$6,080	$7	$6,087
CHARLIE VAN WINKLE	DIRECTOR	6.00	Director	$6,005	$16	$6,021
RICH GOGGIN	PRESIDENT	4.00	Officer Director	$5,900	$16	$5,916
MARK WOODWARD	DIRECTOR	5.00	Director	$5,830	$16	$5,846
DON WORTH	DIRECTOR	2.00	Director	$5,650	$15	$5,665
JODY DUNKLEE	SECRETARY	3.50	Officer Director	$5,430	$16	$5,446
BONNIE PRATT	DIRECTOR	2.00	Director	$4,325	$16	$4,341
JOHN WARD	TREASURER	4.00	Officer Director	$1,880	$16	$1,896

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$100,257,337	$100,257,337	$221,732,064	No data
2022	$91,765,977	$91,765,977	$211,565,134	No data
2021	$87,075,764	$87,075,765	$204,848,762	$-1
2020	$85,903,869	$85,903,869	$196,995,451	No data
2019	$83,542,041	$83,542,041	$186,904,894	No data
2018	$84,804,230	$84,804,230	$180,688,394	No data

VERMONT ELECTRIC COOPERATIVE INC