New England Conference of Public U… - 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

1976

Legal Domicile

Principal Officer

George Twigg

Phone

8028255625

Tax Period

2024-10-01 to 2025-09-30

New England Conference of Public Utiliti Commissioners, founded in 1976, is a small nonprofit that reported $475K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $446K left a modest 6% surplus.

Mission

NECPUC promotes effective state regulation through the dissemination and exchange of information, including opportunities to study utility and regulatory issues, and by providing forums for NE regulators to learn from and exchange ideas with knowledgeable parties. NECPUC also acts as a liaison with state, federal, and foreign commissions, regulatory authorities, and utility-focused organizations.

Program Service Accomplishments

Program 1

Expenses: $216,191 Revenue: $315,116

NECPUC organizes and produces educational and training events, at which Commissioners, state staff, and stakeholders from the region and beyond listen to speakers and engage in discussions on...

NECPUC organizes and produces educational and training events, at which Commissioners, state staff, and stakeholders from the region and beyond listen to speakers and engage in discussions on regulatory issues. Industries discussed include electricity, natural gas, water, and telecommunications. Issues can include such topics as financing, security, reliability, diversity, service delivery, and what the future may look like in the utility industry. There was one major symposium event in fiscal year 2025 (May 2025).

Program 2

Expenses: $175,986

NECPUC provides training, workshops, and meetings for State Commissioners and staff. This includes NECPUC planning and carrying out trainings, workshops, and meetings, as well as providing support...

NECPUC provides training, workshops, and meetings for State Commissioners and staff. This includes NECPUC planning and carrying out trainings, workshops, and meetings, as well as providing support, in the form of travel reimbursement, to attend trainings sponsored by other entities in New England. NECPUC also provides funding for the Commissioners, and sometimes their staff, to come together in meetings to discuss issues and conduct the business of the organization. Additionally, in fiscal year 2025 NECPUC continued to convene a working group comprised of Commissioners and external stakeholders to explore issues related to demand response and load flexibility policies, and how those policies could benefit New England ratepayers.

Program 3

Expenses: $3,546

NECPUC supported regional collaboration on energy and regulatory policy issues through its ongoing sponsorship of the Restructuring Roundtable, a longstanding convening of regulators, utilities...

NECPUC supported regional collaboration on energy and regulatory policy issues through its ongoing sponsorship of the Restructuring Roundtable, a longstanding convening of regulators, utilities, NGOs, and other stakeholders.

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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 (2024)

Revenue Breakdown

Contributions & Grants $144,000

Program Service Revenue $316,547

Investment Income $14,186

Other Revenue $0

TOTAL REVENUE $474,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,824

Fundraising Expenses $0

Program Expenses $395,723

Other Expenses $297,614

TOTAL EXPENSES $446,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$474,733	$435,561	+0.1%
Expenses	$446,438	$420,716	+0.1%
Net Income	$28,295	$14,845	+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

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

$142,388

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abigail Anthony - Director	Commissioner - RI PUC	0.50	Director	$0	$0	$0
Carrie Gilbert - Treasurer	Commissioner - ME PUC	2.00	Officer Director	$0	$0	$0
Cecile M Fraser - Director	Commissioner - MA DPU	0.50	Director	$0	$0	$0
Daniel C Goldner - Director	Chairman - NH PUC	0.50	Director	$0	$0	$0
James M Van Nostrand -Director	Chair - MA DPU	0.50	Director	$0	$0	$0
John W Betkoski - Director	Vice Chair - CT PURA	0.50	Director	$0	$0	$0
June Tierney - Director	Commissioner - VT DPS	0.50	Director	$0	$0	$0
Karen Charles - Director	Commissioner - MA DTC	0.50	Director	$0	$0	$0
David A Arconti Jr Director	Commissioner - CT PURA	0.50	Director	$0	$0	$0
Margaret Cheney - Director	Commissioner - VT PUC	0.50	Director	$0	$0	$0
Marissa Gillett - President	Chair - CT PURA	2.00	Officer Director	$0	$0	$0
Edward McNamara Director	Chair - VT PUC	0.50	Director	$0	$0	$0
Michael Caron- Director	Commissioner - CT PURA	0.50	Director	$0	$0	$0
Patrick Scully - Director	Commissioner - ME PUC	0.50	Director	$0	$0	$0
Philip L Bartlett II -Vice Presiden	Chair - ME PUC	2.00	Officer Director	$0	$0	$0
Pradip K Chattopadhyay - Director	Commissioner - NH PUC	0.50	Director	$0	$0	$0
Riley Allen - Director	Commissioner - VT PUC	0.50	Director	$0	$0	$0
Ronald Gerwatowski - Director	Chair - RI PUC	0.50	Director	$0	$0	$0
Staci Rubin - Director	Commissioner - MA DPU	0.50	Director	$0	$0	$0
Jeremy McDiarmid - Director	Chair - MA DPU	0.50	Director	$0	$0	$0
Karen Bradbury - Director	Commissioner - RI PUC	0.50	Director	$0	$0	$0
Kerrick Johnson - Director	Commissioner - VT DPS	0.50	Director	$0	$0	$0
George Twigg	Executive Director-Deputy Clerk	40.00	Officer	$142,388	$0	$142,388

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	$474,733	$446,438	$432,791	$28,295
2024	$435,561	$420,716	$404,496	$14,845
2023	$395,811	$412,648	$389,651	$-16,837
2022	$389,002	$469,635	$406,487	$-80,633
2021	$35,608	$179,000	$487,120	$-143,392
2020	$157,554	$166,155	$630,512	$-8,601
2019	$364,206	$348,614	$640,518	$15,592
2018	$365,443	$338,438	$623,521	$27,005

New England Conference of Public Utiliti Commissioners