NEW HAMPSHIRE ELECTRIC CO-OP FOUNDATION (EIN 113751465) - 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

2005

Legal Domicile

Principal Officer

HARRY VIENS

Phone

6035368820

Tax Period

2025-01-01 to 2025-12-31

NEW HAMPSHIRE ELECTRIC CO-OP FOUNDATION, founded in 2005, is a small nonprofit in the Human Services sector that reported $332K in total revenue in fiscal year 2025. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $87K, a strong 26% operating margin.

Mission

TO PROVIDE FINANCIAL AID TO LOCAL CHARITIES AND COMMUNITIES SERVED BY NHEC.

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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 $275,298

Program Service Revenue $0

Investment Income $56,262

Other Revenue $0

TOTAL REVENUE $331,560

Expense Breakdown

Grants Paid $206,384

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,221

Other Expenses $37,837

TOTAL EXPENSES $244,221

Year-over-Year Comparison

	2025	2024	Change
Revenue	$331,560	$272,217	+0.2%
Expenses	$244,221	$266,693	-0.1%
Net Income	$87,339	$5,524	+14.8%

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

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

Total Directors

$375,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL JENNINGS	EX-OFFICIO	0.50	Highest	$0	$101,138	$508,175
JEFF SMITH	TRUSTEE	0.50	Director	$0	$63,092	$212,350
CHRISTINE PARENT	ASSIST. TRE	0.50	Director	$0	$44,074	$120,430
PETER LAUFENBERG	TREASURER	0.50	Director	$0	$0	$22,950
HARRY VIENS	CHAIR	0.50	Director	$0	$0	$19,400
DEBORAH FINCH	VICE CHAIR	1.00	Director	$0	$0	$0
ANN SPRAGUE	SECRETARY	0.50	Director	$0	$0	$0

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	$331,560	$244,221	$561,328	$87,339
2024	$272,217	$266,693	$473,935	$5,524
2023	$288,805	$303,554	$447,694	$-14,749
2022	$293,384	$252,401	$436,176	$40,983
2021	$300,989	$286,040	$464,253	$14,949

NEW HAMPSHIRE ELECTRIC CO-OP FOUNDATION