New England Conference of Public Utiliti Commissioners

EIN: 050376760 501(c)(3)

Essex, VT

Total Revenue
$474,733
Total Expenses
$446,438
Total Assets
$432,791
Net Assets
$432,791
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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
VT
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 PROVIDES EDUCATION TO NE REGULATORS THROUGH EXCHANGING INFORMATION, STUDY PROGRAMS, & FORUMS.

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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 (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

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Governance

Voting Members
20
Independent Members
20
Employees
1
Volunteers
20

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
4
$142,388
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
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
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